8E213EA30822822987258227005E1664 Hearing Summary

Representative Leonard, bill sponsor, presented House Bill 18-1036. The bill increases the exemption for business personal property from $7,400 to $50,000 in 2018, and adjusts the exemption for inflation every two years.  In addition, the bill raises the limit for consumable property that is exempt from property taxes from $350 to $500.

Representative Leonard distributed several handouts to the committee [Attachments A to G].

Larson Silbaugh, Legislative Council Staff, explained the fiscal note for the bill.

Representative Leonard made additional comments to the committee. He provided another handout to the committee [Attachment H].

Mr. Silbaugh further explained Attachment E. Representative Leonard made additional comments to the committee about Attachment H.

Representative Leonard answered questions from the committee.

Mr. Silbaugh answered questions from the committee.

Patrick Boyle, Colorado Competitive Council, testified in support of the bill. Mr. Boyle answered questions from the committee.

Evan Goulding, Special District Association of Colorado, testified in opposition to the bill.

Dianne Criswell, Colorado Municipal League, testified in opposition to the bill.

Richard Orf, Associated Governments of Northwest Colorado, testified in opposition to the bill.

Bill Clayton, Colorado Counties, Inc., testified in opposition to the bill.

Tony Gagliardi, National Federation of Independent Business, testified in support of the bill.

Jim Everson, representing himself, testified in support of the bill.

Representative Leonard explained amendment L.002 [Attachment I]. The committee discussed amendment L.002.

Representative Leonard made concluding remarks to the committee. He provided an email from Dave Bagenski [Attachment J] to the committee. Committee members made comments about the bill.