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h_bus_2018a_2018-04-10t13:31:58z1 Hearing Summary




PUBLIC
BILL SUMMARY For HB18-1350

HOUSE COMMITTEE ON BUSINESS AFFAIRS AND LABOR
Date Apr 10, 2018      
Location LSB A



HB18-1350 - Referred to House Finance


01:34:35 PM  
Representative Kraft Tharp introduced HB 13-1350. The bill expands the definition of recovered materials under the machinery and machine tools sales and use tax exemption. Under the bill, recovered materials can also refer to scrap metal or end-of-lifecycle metals, which are remanufactured into new metal that meets the standards set by the industry for recycled commodities.
01:36:44 PM  
R.J. Hicks, Institute of Scrap Recycling Industries Inc., Rocky Mountain Chapter, testified in support of the bill. He responded to questions from the committee.
01:42:39 PM  
Michael Cohen, Iron and Metals Inc., testified in support of the bill. He responded to questions from the committee.


01:51:20 PM
Motion Refer House Bill 18-1350 to the Committee on Finance.
Moved Kraft-Tharp
Seconded Liston
Arndt Yes
Coleman Yes
Exum Yes
Garnett Excused
Gray Yes
Liston Yes
Sandridge Yes
Sias Excused
Thurlow Yes
Van Winkle Yes
Williams D. Yes
Winter Yes
Kraft-Tharp Yes
Final YES: 11   NO: 0   EXC: 2   ABS:  0   FINAL ACTION:  PASS