S_FIN_2018A 02/06/2018 02:01:31 PM Committee Summary PUBLICSTAFF SUMMARY OF MEETINGSENATE COMMITTEE ON FINANCE Date 02/06/2018 Attendance Court X Jahn X Tate * Hill X Neville T. X Time 02:01:31 PM to 03:59:58 PM Place SCR 357 This Meeting was called to order by Neville T. This Report was prepared by Matt Becker Hearing Items Action Taken hHB18-1031 Referred to the Committee of the Whole - Consent Calendar hSB18-127 Amended, referred to the Committee of the Whole - Consent Calendar hSB18-047 Referred to Senate Appropriations hSB18-083 Referred to Senate Appropriations hHB18-1022 Referred to the Committee of the Whole - Consent Calendar HB18-1031 - Referred to the Committee of the Whole - Consent Calendar 02:01:52 PM Senators Cooke and Jones, co-prime sponsors, presented House Bill 18-1031, which modifies the application process for the Fire and Poice Pension Association (FPPA) partial entry program. 02:03:11 PM Kevin Lindahl, representing FPPA, testified in support of the bill. 02:03:25 PM Mr. Lindahl responded to committee questions. 02:11:58 PM Senator Jones responded to committee questions regarding defined benefit pension plans. 02:14:08 PM Senator Cooke responded to committee questions about the management of the FPPA pension plans. 02:15:35 PM Motion Refer House Bill 18-1031 to the Committee of the Whole and with a recommendation that it be placed on the consent calendar. Moved Hill Seconded Court Yes Jahn Yes Tate Yes Hill Yes Neville T. Yes Final YES: 5 NO: 0 EXC: 0 ABS: 0 FINAL ACTION: PASS SB18-127 - Amended, referred to the Committee of the Whole - Consent Calendar Attachment Tag File Name Attachment A http://www2.leg.state.co.us/CLICS/CLICS2018A/commsumm.nsf/0/7FBFB8FA6C3F...$File/18SenateFin0206AttachA.pdf?OpenElement 18SenateFin0206AttachA.pdf 02:15:39 PM Senator Martinez Humenik, prime sponsor, presented Senate Bill 18-127, which removes the requirement that the Department of Revenue publish income tax rate modification history on every income tax return form. Senator Martinez Humenik distributed Amendment L.001 [Attachment A]. 02:17:28 PM Motion Adopt amendment L.001 [Attachment A]. Moved Tate Seconded Court Jahn Tate Hill Neville T. YES: 0 NO: 0 EXC: 0 ABS: 0 FINAL ACTION: Pass Without Objection 02:18:02 PM Motion Refer Senate Bill 18-127, as amended, to the Committee of the Whole and with a recommendation that it be placed on the consent calendar. Moved Tate Seconded Court Yes Jahn Yes Tate Yes Hill Yes Neville T. Yes Final YES: 5 NO: 0 EXC: 0 ABS: 0 FINAL ACTION: PASS SB18-047 - Referred to Senate Appropriations 02:21:25 PM Senator Marble, prime sponsor, presented Senate Bill 18-047, which repeals the income tax credits for innovative motor vehicles and innovative trucks. 02:23:25 PM Bill Skewes, representing the Colorado Association of Commerce and Industry, testified in opposition to the bill. 02:23:52 PM Jep Seman, representing the Alliance for Automobile Manufacturing, testified in opposition to the bill. 02:27:32 PM Mr. Seman responded to committee questions regarding tax credits for innovative vehicles. 02:28:09 PM Kirk Fry, representing himself, testified in support of the bill. 02:29:41 PM Brandon Wark, representing Advancing Colorado, testified in support of the bill. 02:32:51 PM Scott Hutchings, representing Waste Management, testified in opposition to the bill. 02:35:20 PM Amy Cooke, representing the Independence Institute, testified in support of the bill. 02:40:17 PM Linda Haithcox Taylor, representing the National Policy Alliance, testified in support of the bill. 02:43:08 PM Ms. Haithcox Taylor and Ms. Cooke responded to committee questions. 02:49:10 PM Senator Marble and Ms. Cooke discussed similar tax credits in California. 02:54:52 PM Senator Marble provided closing comments on the bill. 02:57:17 PM Greg Sobetski, Legislative Council Staff, came to the table to respond to committee questions regarding the fiscal impact of the bill. 03:03:38 PM Motion Refer Senate Bill 18-047 to the Committee on Appropriations. Moved Hill Seconded Court No Jahn Yes Tate Yes Hill Yes Neville T. Yes Final YES: 4 NO: 1 EXC: 0 ABS: 0 FINAL ACTION: PASS SB18-083 - Referred to Senate Appropriations Attachment Tag File Name Attachment B http://www2.leg.state.co.us/CLICS/CLICS2018A/commsumm.nsf/0/6CE81EAEA4FE...$File/18SenateFin0206AttachB.pdf?OpenElement 18SenateFin0206AttachB.pdf 03:03:48 PM Senator Lundberg, prime sponsor, presented Senate Bill 18-083, which creates an income tax credit for the parents, guardians, or scholarship benefactors of students who enroll in a private or home-based school as a kindergartner or after having previously enrolled in public school. Senator Lunderg distributed a handout illustrating the net budget impact of the bill [Attachment B]. 03:09:07 PM John Rea, representing himself, testified in opposition to the bill. 03:13:29 PM Shawna Fritzler, representing Colorado PTA, testified in opposition to the bill. 03:14:11 PM Anne Kleinkopf, representing Taxpayers for Public Education, testified in opposition to the bill. 03:15:58 PM Brian Tanner, representing the Colorado Education Association, testified in opposition to the bill. 03:21:27 PM Mr. Rea responded to committee questions. 03:24:39 PM Mr. Tanner and Ms. Fritzler responded to committee questions. 03:28:32 PM Kristine Cross, representing herself, testified in support of the bill. 03:29:49 PM Carolyn Martin, representing Christian Home Educators of Colorado, testified in support of the bill. 03:34:38 PM Stefania Vaughan, representing herself, testified in support of the bill. 03:34:46 PM Jim Johnson, representing himself, testified in support of the bill. 03:37:50 PM Mr. Johnson responded to committee questions regarding the operating costs of private schools. 03:42:44 PM Senator Lundberg wrapped up his presentation of the bill. 03:53:53 PM Motion Refer Senate Bill 18-083 to the Committee on Appropriations. Moved Hill Seconded Court No Jahn No Tate Yes Hill Yes Neville T. Yes Final YES: 3 NO: 2 EXC: 0 ABS: 0 FINAL ACTION: PASS HB18-1022 - Referred to the Committee of the Whole - Consent Calendar 03:54:25 PM Senators Neville and Jahn, co-prime sponsors, presented House Bill 18-1022, which requires the Department of Revenue to issue a request for information regarding the potential to contract for an electronic sales and use tax simplification system. 03:56:36 PM Tony Gagliardi, representing the National Federation of Independent Business, testified in support of the bill. 03:57:11 PM Senator Jahn provided closing comments on the bill. 03:59:33 PM Motion Refer House Bill 18-1022 to the Committee of the Whole and with a recommendation that it be placed on the consent calendar. Moved Jahn Seconded Court Yes Jahn Yes Tate Yes Hill Yes Neville T. Yes Final YES: 5 NO: 0 EXC: 0 ABS: 0 FINAL ACTION: PASS 03:59:58 PM Committee Adjourned