037786A886C26D5E8725899B0081AF08 Hearing Summary CLICS/CLICS2023A/commsumm.nsf PUBLICBILL SUMMARY For SB23-016HOUSE COMMITTEE ON FINANCEDate Apr 24, 2023 Location HCR 0112 SB23-016 - Amended, referred to House Appropriations 05:36:32 PM The committee recessed. 05:42:35 PM The committee returned to order. Representatives McCormick and Sirota, co-prime sponsors, presented Senate Bill 23-016. The bill creates a state income tax credit for new, electric-powered lawn equipment; requires the Public Employees’ Retirement Association and insurance companies to study climate risks to their investment portfolios; authorizes the Department of Natural Resources to regulate Class VI injection wells; updates the state’s greenhouse gas emissions reduction goals; and commissions a study on electric transmission capacity. Written public testimony is included as Attachment E. The bill sponsors distributed amendments L.050 (Attachment F), L.052 (Attachment G), L.056 (Attachment H), and L.057 (Attachment I). 05:45:08 PM Mrs. Elspeth Cordua, representing Advanced Energy United, testified in support of the bill. 05:47:54 PM The bills sponsors explained the four amendments. 05:56:16 PM Motion Adopt amendment L.050 (Attachment F). Moved Joseph Seconded deGruy Kennedy deGruy Kennedy Daugherty Frizell Hartsook Kipp Lindstedt Marshall Taggart Weinberg Joseph Snyder YES: 0 NO: 0 EXC: 0 ABS: 0 FINAL ACTION: Pass Without Objection 05:58:19 PM Motion Adopt amendment L.056 (Attachment H). Moved Joseph Seconded deGruy Kennedy deGruy Kennedy Daugherty Frizell Hartsook Kipp Lindstedt Marshall Taggart Weinberg Joseph Snyder YES: 0 NO: 0 EXC: 0 ABS: 0 FINAL ACTION: Pass Without Objection 06:01:26 PM Motion Adopt amendment L.052 (Attachment G). Moved Joseph Seconded deGruy Kennedy deGruy Kennedy Daugherty Frizell Hartsook Kipp Lindstedt Marshall Taggart Weinberg Joseph Snyder YES: 0 NO: 0 EXC: 0 ABS: 0 FINAL ACTION: Pass Without Objection 06:02:15 PM Motion Adopt amendment L.057 (Attachment I). Moved Joseph Seconded deGruy Kennedy deGruy Kennedy Daugherty Frizell Hartsook Kipp Lindstedt Marshall Taggart Weinberg Joseph Snyder YES: 0 NO: 0 EXC: 0 ABS: 0 FINAL ACTION: Pass Without Objection 06:02:17 PM The bill sponsors made closing comments. 06:05:30 PM Motion Refer Senate Bill 23-016, as amended, to the Committee on Appropriations. Moved Joseph Seconded deGruy Kennedy deGruy Kennedy Yes Daugherty Yes Frizell No Hartsook No Kipp Yes Lindstedt Yes Marshall Yes Taggart No Weinberg Yes Joseph Yes Snyder Yes Final YES: 8 NO: 3 EXC: 0 ABS: 0 FINAL ACTION: PASS