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H_FIN_2016A 02/25/2016 10:20:56 AM Committee Summary

Final

STAFF SUMMARY OF MEETING



HOUSE COMMITTEE ON FINANCE

Date: 02/25/2016
ATTENDANCE
Time: 10:20 AM to 11:54 AM
Becker K.
X
Conti
X
Place: LSB A
Garnett
*
Kagan
X
This Meeting was called to order by
Pabon
*
Representative Court
Priola
*
Roupe
X
This Report was prepared by
Van Winkle
X
Katie Ruedebusch
Wilson
X
Foote
X
Court
X
X = Present, E = Excused, A = Absent, * = Present after roll call
Bills Addressed: Action Taken:
Presentation on Fiscal Notes and Dynamic Modeling

HB16-1089

HB16-1056
Witness Testimony and/or Committee Discussion Only

Amended, Referred to Appropriations

Referred to Appropriations





Representative Court, chair, called the meeting to order.



10:21 AM -- Presentation on Fiscal Notes and Dynamic Modeling



Director Mike Mauer, Legislative Council Staff, came to the table to discuss fiscal notes and the use of dynamic modeling. He discussed the history of the use of dynamic modeling in fiscal notes in other states and the General Assembly's previous discussions regarding dynamic modeling. He distributed a memorandum to the committee (Attachment A). Committee discussion ensued.



16HouseFin0225AttachA.pdf16HouseFin0225AttachA.pdf



Ms. Natalie Mullis, Legislative Council Staff, came to the table to answer committee questions. Committee discussion ensued.





























10:56 AM -- HB16-1089



Representative Moreno, sponsor, introduced House Bill 16-1089. The bill creates an income tax credit for contributions made to an endowment of a Colorado charitable organization. Eligible endowment funds do not include donor advised funds or funds for a private foundation. The credit is equal to 25 percent of the contribution and the maximum credit allowed is $25,000 per taxpayer per year. The credit is nonrefundable, but can be carried forward for five years, and is available starting in tax year 2016. Representative Moreno distributed amendment L.002 (Attachment B) to the committee. Representative Court distributed amendment L.001 (Attachment C) to the committee.



16HouseFin0225AttachB.pdf16HouseFin0225AttachB.pdf16HouseFin0225AttachC.pdf16HouseFin0225AttachC.pdf



11:03 AM -- Ms. Ali Mickelson, representing the Colorado Fiscal Institute, came to the table to testify against the bill.



11:09 AM -- Mr. Renny Fagan, representing the Colorado Nonprofit Association, came to the table to testify in support of the bill. He distributed a handout to the committee (Attachment D). He mentioned that Mile High United Way and Jewish Colorado support the bill.



16HouseFin0225AttachD.pdf16HouseFin0225AttachD.pdf



11:20 AM -- Ms. Marla Williams, representing Community First Foundation, came to the table to testify in support of the bill.



11:24 AM -- Ms. Mary Pat Rooney, representing the Denver Museum of Nature and Science, came to the table to testify in support of the bill.



11:27 AM -- Ms. Lydia McCoy, representing Ray of Hope Cancer Foundation, came to the table to testify in support of the bill.



11:31 AM -- Ms. Joanne Kelley, representing Colorado Association of Funders, came to the table to testify in support of the bill.


































BILL: HB16-1089
TIME: 11:35:21 AM
MOVED: Court
MOTION: Adopt amendment L.001 (Attachment C). The motion passed without objection.
SECONDED: Pabon
VOTE
Becker K.
Conti
Garnett
Kagan
Pabon
Priola
Roupe
Van Winkle
Wilson
Foote
Court
YES: 0 NO: 0 EXC: 0 ABS: 0 FINAL ACTION: Pass Without Objection


BILL: HB16-1089
TIME: 11:35:41 AM
MOVED: Court
MOTION: Adopt amendment L.002 (Attachment B). The motion passed without objection.
SECONDED: Pabon
VOTE
Becker K.
Conti
Garnett
Kagan
Pabon
Priola
Roupe
Van Winkle
Wilson
Foote
Court
YES: 0 NO: 0 EXC: 0 ABS: 0 FINAL ACTION: Pass Without Objection












BILL: HB16-1089
TIME: 11:36:07 AM
MOVED: Kagan
MOTION: Refer House Bill 16-1089, as amended, to the Committee on Appropriations. The motion passed on a vote of 9-2.
SECONDED: Garnett
VOTE
Becker K.
Yes
Conti
Yes
Garnett
Yes
Kagan
Yes
Pabon
Yes
Priola
Yes
Roupe
Yes
Van Winkle
No
Wilson
Yes
Foote
Yes
Court
No
Final YES: 9 NO: 2 EXC: 0 ABS: 0 FINAL ACTION: PASS





11:39 AM -- HB16-1056



Representative Tyler, sponsor, introduced House Bill 16-1056. The bill, recommended by the Transportation Legislation Review Committee, broadens the records search employed by the Department of Revenue (DOR) to locate owners and lienholders of abandoned motor vehicles. DOR must perform a national records search using a qualified entity that has a national database and that can retrieve records based both on the vehicle's VIN (vehicle identification number) and registration number (license plate). The bill also increases the notification deadline, from three to five days, in which tow operators must determine whether there is an owner or lienholder registered with DOR and send notice to those parties, and clarifies that the time spent by the DOR conducting the national records search does not count against the tow operator's 10-day deadline to contact the motor vehicle's owner or lienholder.



11:46 AM -- Ms. Erin Reynolds, Legislative Council Staff, came to the table to answer questions regarding the fiscal note.






























BILL: HB16-1056
TIME: 11:51:23 AM
MOVED: Van Winkle
MOTION: Refer House Bill 16-1056 to the Committee on Appropriations. The motion passed on a vote of 11-0.
SECONDED: Priola
VOTE
Becker K.
Yes
Conti
Yes
Garnett
Yes
Kagan
Yes
Pabon
Yes
Priola
Yes
Roupe
Yes
Van Winkle
Yes
Wilson
Yes
Foote
Yes
Court
Yes
Final YES: 11 NO: 0 EXC: 0 ABS: 0 FINAL ACTION: PASS





11:54 AM



The committee adjourned.


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