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312A116D941523878725838A007C141A Hearing Summary




PUBLIC
BILL SUMMARY For SB19-035

SENATE COMMITTEE ON FINANCE
Date Jan 22, 2019      
Location SCR 357



SB19-035 - Referred to the Committee of the Whole


03:35:20 PM  

The committee took a recess.

03:36:29 PM  

The committee came back to order.

03:41:58 PM  

Senator Court, bill sponsor, introduced Senate Bill 19-035.  The bill specifies that the period of time wherein a tax must be assessed is extended in the case of a taxpayer whose assets are in the control or custody of a court or in the case of a taxpayer who has filed bankruptcy proceedings.  Senator Court responded to clarifying questions from the committee related to the bill.

03:46:15 PM  

Mr. Brendon Reese, Deputy Director of Tax Policy and Legal Analysis for the Department of Revenue, gave testimony in support of the bill.  Mr. Reese responded to questions from the committee related to the relationship between tax collection and bankruptcy.

03:50:42 PM  

Senator Court commented on the committee's questions.  Mr. Reese responded to a follow-up question from the committee related to the frequency that the new time limit would be applied.



03:53:15 PM
Motion Refer Senate Bill 19-035 to the Committee of the Whole.
Moved Court
Seconded
Gonzales Yes
Lundeen No
Tate Yes
Todd Yes
Woodward Yes
Lee Yes
Court Yes
Final YES: 6   NO: 1   EXC: 0   ABS:  0   FINAL ACTION:  PASS