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h_bus_2016a_2016-01-26t13:31:13z3 Hearing Summary

Date: 01/26/2016



Final

BILL SUMMARY for Issuance of Private Letter Rulings and General Information Letters Sunset



HOUSE COMMITTEE ON BUSINESS AFFAIRS AND LABOR


Votes: View--> Action Taken:
Adopt amendment to change the sunset date from 9 y

Adopt amendment to track hours and FTE dedicated t

Introduce draft bill LLS 16-0431 as amended. The m
Pass Without Objection

Pass Without Objection

PASS







02:31 PM -- Issuance of Private Letter Rulings and General Information Letters Sunset



Vivienne Belmont, Department of Regulatory Agencies (DORA), presented a summary of the sunset review report for the Issuance of Private Letter Rulings and General Information Letters. A copy of the sunset report can be found at: https://drive.google.com/file/d/0B8bNvcf083ydY1dINnF5T25XRGc/view.



Ms. Belmont responded to questions from the committee regarding the report and DORA's recommendations based on the sunset review.



02:44 PM --
Phillip Horwitz and Amber Egbert, Colorado Department of Revenue (DOR), provided the committee with an overview of letter rulings. Mr. Horwitz provided the committee with two examples of letter rulings issued by DOR (Attachments E and F). Mr. Horwitz and Ms. Egbert responded to questions from the committee regarding DOR's Taxation Division's operations, the sunset review, and DORA's recommendations.



160126 AttachE.pdf160126 AttachE.pdf160126 AttachF.pdf160126 AttachF.pdf



02:56 PM --
Loren Furman, Colorado Association of Commerce and Industry (CACI), testified in support of continuing the program. Ms. Furman responded to questions from the committee.


BILL: Issuance of Private Letter Rulings and General Information Letters Sunset
TIME: 02:59:48 PM
MOVED: Kraft-Tharp
MOTION: Introduce draft bill LLS 16-0431 as amended. The motion passed on a vote of 13-0.
SECONDED: Roupe
VOTE
Arndt
Yes
Garnett
Yes
Navarro
Yes
Nordberg
Yes
Pabon
Yes
Rosenthal
Yes
Roupe
Yes
Sias
Yes
Thurlow
Yes
Winter
Yes
Wist
Yes
Kraft-Tharp
Yes
Williams
Yes
Final YES: 13 NO: 0 EXC: 0 ABS: 0 FINAL ACTION: PASS


BILL: Issuance of Private Letter Rulings and General Information Letters Sunset
TIME: 03:00:08 PM
MOVED: Kraft-Tharp
MOTION: Adopt amendment to track hours and FTE dedicated to this program. The motion passed without objection.
SECONDED: Nordberg
VOTE
Arndt
Garnett
Navarro
Nordberg
Pabon
Rosenthal
Roupe
Sias
Thurlow
Winter
Wist
Kraft-Tharp
Williams
YES: 0 NO: 0 EXC: 0 ABS: 0 FINAL ACTION: Pass Without Objection




BILL: Issuance of Private Letter Rulings and General Information Letters Sunset
TIME: 03:00:43 PM
MOVED: Kraft-Tharp
MOTION: Adopt amendment to change the sunset date from 9 years to 7 years. The motion passed without objection.
SECONDED: Thurlow
VOTE
Arndt
Garnett
Navarro
Nordberg
Pabon
Rosenthal
Roupe
Sias
Thurlow
Winter
Wist
Kraft-Tharp
Williams
YES: 0 NO: 0 EXC: 0 ABS: 0 FINAL ACTION: Pass Without Objection







Representative Kraft-Tharp was designated as the sponsor of the bill.