S_SA_2023A 02/09/2023 01:31:36 PM Committee Summary

Senator Gardner, bill sponsor, presented Senate Bill 23-106. The bill indefinitely extends the military retirement benefits deduction for taxpayers under age 55, which is currently set to expire after 2023 and annually adjusts the deduction’s $15,000 cap for inflation starting in tax year 2024.

Dr. Richard Klodnicki, representing Colorado Springs Chamber and EDC, testified in support of the bill.

The bill sponsor gave final remarks.

Senator Liston, bill sponsor, presented Senate Bill 23-107. The bill increases the homestead exemption for seniors and veterans with a disability from 50 percent of $200,000 to 50 percent of $300,000 in tax year 2023 and to 50 percent of $500,000 starting in tax year 2028. It allows seniors who qualify for the exemption to continue to claim it if they move for reasons of medical necessity. The bill will increase state expenditures to reimburse local governments for these exemptions.

A panel of witnesses testified on the bill. Viverly Noiah, representing themself, testified in support of the bill. Eileen Doherty, representing Colorado Gerontological Society, testified in support of the bill. The committee asked question to the panel.

A panel of witnesses testified on the bill. Jody Barker, representing Pikes Peak Area Agency on Aging, testified in support of the bill. Dr. Richard Klodnicki, representing Colorado Springs Chamber and EDC, testified in support of the bill. Chuck Broerman, representing El Paso County Treasurer’s Office, testified in support of the bill.

The bill sponsor gave final remarks.

The committee gave final remarks.

Senator Baisley, bill sponsor, presented Senate Bill 23-108. The bill specifies that local governments may provide temporary property tax relief through temporary tax credits or mill levy reductions.

A panel of witnesses testified on the bill. Scott Wasserman, representing Bell Policy Center, testified in support of the bill. Commissioner Erik Stone, representing themself, testified in support of the bill. Commissioner Bob Campbell, representing themself, testified in support of the bill. Jaclyn Terwey, representing Colorado Municipal League, testified in support of the bill. The committee asked questions to the panel.

Jed Franklin, representing the office of legislative legal services, answered questions from the committee.

A panel of witnesses testified on the bill. Commissioner Dan Williams, representing themself, testified in support of the bill. Colt Simmons, representing themself, testified in support of the bill.

A handout can be found in Attachment B.

The bill sponsor and committee gave final remarks.