H_FIN_2017A 02/06/2017 Committee Summary

01:41 PM -- HB17-1096



The committee was called to order. A quorum was present. Representative Liston, prime sponsor, presented House Bill 17-1096, which allows a cemetery authority to request that the fiduciary of a cemetery endowment care fund convert the fund into a unitrust. Committee members received a page illustrating the rate of return for stocks versus bonds for different time horizons, prepared by Representative Liston (Attachment A). Representative Liston addressed questions from the committee.



17HouseFin0206AttachA.pdf



01:49 PM -- Mr. Matt Whaley, representing Service Corporation International, testified in support of the bill. Mr. Whaley responded to questions from the committee.

BILL:	HB17-1096
TIME:	01:54:10 PM
MOVED:	Van Winkle
MOTION:	Adopt amendment L.001 (Attachment B). The motion passed without objection. 17HouseFin0206AttachB.pdf
SECONDED:	Lawrence
		VOTE
	Beckman
	Benavidez
	Catlin
	Covarrubias	Excused
	Gray
	Herod
	Kennedy
	Lawrence
	Michaelson Jenet
	Thurlow
	Van Winkle
	Foote
	Pabon
YES: 0 NO: 0 EXC: 1 ABS: 0 FINAL ACTION: Pass Without Objection

01:55 PM



Representative Liston made closing remarks on the bill.

01:58 PM -- HB17-1104



Representative Navarro, prime sponsor, presented House Bill 17-1104, which provides a state income tax deduction for monetary awards received from the United States Olympic Committee (USOC) or any sport-specific national governing committee as a direct result of winning a medal at the summer or winter Olympics or Paralympics games. Committee members received a letter from the USOC, amendment L.005, and amendment L.006 (Attachments C through E, respectively). Representative Navarro addressed questions from the committee.



17HouseFin0206AttachC.pdf 17HouseFin0206AttachD.pdf



17HouseFin0206AttachE.pdf



02:01 PM -- Mr. John Vecchiarelli, representing the Department of Revenue, came to the table to address questions from the committee. He explained existing federal tax deductions for medal winners. Discussion ensued on this topic.





02:10 PM



Mr. Louis Pino, Legislative Council Staff, came to the table to address questions.



02:13 PM -- Mr. Dartanyon Crockett, representing the USOC as a paralympic athlete, testified in support of the bill.



02:16 PM -- Ms. McKenna Dahl, representing the USOC as a paralympic athlete, testified in support of the bill. Ms. Dahl and Mr. Crockett commented on the costs associated with training and competing in the Paralympics.



02:17 PM -- Ms. Sophia Herzog, representing the USOC as a paralympic athlete, testified in support of the bill.



02:18 PM -- Ms. Sherry VonRiesen, representing the USOC, testified in support of the bill.





02:22 PM



Mr. Crockett responded to a question from the committee.



02:23 PM -- Ms. Desiree Filippone, representing the USOC, testified in support of the bill. Ms. Filippone responded to questions from the committee. Mr. Vecchiarelli came to the table to respond to additional questions from the committee.





















02:33 PM



Mr. Pino returned to the table to address additional questions about the bill's prepared fiscal note.





02:36 PM



Discussion ensued on amendments L.005 and L.006. The committee members received amendment L.001 (Attachment F). The committee recessed.



17HouseFin0206AttachF.pdf



03:23 PM



The committee returned to order.

03:24 PM



The chair laid the bill over, as amended, to a later date. The committee adjourned.