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H_FIN_2017A 04/26/2017 Committee Summary

Final

STAFF SUMMARY OF MEETING



HOUSE COMMITTEE ON FINANCE

Date: 04/26/2017
ATTENDANCE
Time: 11:48 AM to 01:49 PM
Beckman
X
Benavidez
X
Place: LSB A
Catlin
*
Covarrubias
*
This Meeting was called to order by
Gray
X
Representative Pabon
Herod
X
Kennedy
X
This Report was prepared by
Lawrence
X
Kori Donaldson
Michaelson Jenet
X
Thurlow
X
Van Winkle
X
Foote
X
Pabon
X
X = Present, E = Excused, A = Absent, * = Present after roll call
Bills Addressed: Action Taken:
HB17-1356

SB17-216

SB17-075

HB17-1352

HB17-1324

HB17-1357
Amended, Referred to House Appropriations

Amended, Referred to House Appropriations

Amended, Referred to House Appropriations

Amended, Referred to House Appropriations

Referred to House Appropriations

Amended, Referred to the Committee of the Whole





11:49 AM -- HB17-1356



The meeting was called to order. A quorum was present. Speaker Duran and Representative Esgar, co-prime sponsors, presented House Bill 17-1356, which authorizes the Colorado Economic Development Commission to allow certain businesses to treat specific income tax credits as transferable income tax credits. The bill sponsors responded to committee questions.





11:59 AM



Mr. Louis Pino, Legislative Council Staff, answered questions about the bill's prepared fiscal note.



12:07 PM --
Mr. Jeff Kraft, representing the Governor's Office of Economic Development and International Trade, testified in support of the bill. Mr. Kraft responded to questions from the committee.



12:23 PM --
Mr. Sam Bailey, representing the Jefferson County Economic Development Corporation, testified in support of the bill and responded to questions from the committee.



















12:28 PM --
Mr. Nicholas Colglazier, representing the Colorado Competitive Council, testified in support of the bill.



12:31 PM --
Mr. Charles Perko, representing Evraz Rocky Mountain Steel Employees, testified in support of the bill.





12:34 PM



Representative Esgar distributed and explained amendment L.001 and L.002 (Attachments A and B, respectively).



17HouseFin0426AttachA.pdf17HouseFin0426AttachA.pdf 17HouseFin0426AttachB.pdf17HouseFin0426AttachB.pdf

BILL: HB17-1356
TIME: 12:36:35 PM
MOVED: Kennedy
MOTION: Adopt amendment L.001 (Attachment A). The motion passed without objection.
SECONDED: Michaelson Jenet
VOTE
Beckman
Benavidez
Catlin
Covarrubias
Gray
Herod
Kennedy
Lawrence
Michaelson Jenet
Thurlow
Van Winkle
Foote
Pabon
YES: 0 NO: 0 EXC: 0 ABS: 0 FINAL ACTION:


























BILL: HB17-1356
TIME: 12:37:01 PM
MOVED: Kennedy
MOTION: Adopt amendment L.002 (Attachment B). The motion passed without objection.
SECONDED: Michaelson Jenet
VOTE
Beckman
Benavidez
Catlin
Covarrubias
Gray
Herod
Kennedy
Lawrence
Michaelson Jenet
Thurlow
Van Winkle
Foote
Pabon
YES: 0 NO: 0 EXC: 0 ABS: 0 FINAL ACTION:

































































12:37 PM



The bill sponsors made closing remarks on the bill.

BILL: HB17-1356
TIME: 12:41:04 PM
MOVED: Kennedy
MOTION: Refer House Bill 17-1356, as amended, to the Committee on Appropriations. The motion passed on a vote of 12-0.
SECONDED: Herod
VOTE
Beckman
Yes
Benavidez
Yes
Catlin
Excused
Covarrubias
Yes
Gray
Yes
Herod
Yes
Kennedy
Yes
Lawrence
Yes
Michaelson Jenet
Yes
Thurlow
Yes
Van Winkle
Yes
Foote
Yes
Pabon
Yes
Final YES: 12 NO: 0 EXC: 1 ABS: 0 FINAL ACTION: PASS





















































12:42 PM -- SB17-216



Representative Lontine, co-prime sponsor, presented Senate Bill 17-216. The reengrossed bill continues the Colorado Fair Debt Collection Practices Act for 11 years, through September 1, 2028, and implements a recommendation from the Department of Regulatory Agencies to repeal the Collection Agency Board. Representative Becker distributed and explained amendment L.013 (Attachment C).



17HouseFin0426AttachC.pdf17HouseFin0426AttachC.pdf

BILL: SB17-216
TIME: 12:48:24 PM
MOVED: Kennedy
MOTION: Adopt amendment L.013 (Attachment C). The motion passed without objection.
SECONDED: Michaelson Jenet
VOTE
Beckman
Benavidez
Catlin
Covarrubias
Gray
Herod
Kennedy
Lawrence
Michaelson Jenet
Thurlow
Van Winkle
Foote
Pabon
YES: 0 NO: 0 EXC: 0 ABS: 0 FINAL ACTION: Pass Without Objection









































12:49 PM



The bill sponsors made closing remarks on the bill.

BILL: SB17-216
TIME: 12:50:13 PM
MOVED: Van Winkle
MOTION: Refer Senate Bill 17-216, as amended, to the Committee on Appropriations. The motion passed on a vote of 11-0.
SECONDED: Michaelson Jenet
VOTE
Beckman
Yes
Benavidez
Excused
Catlin
Yes
Covarrubias
Excused
Gray
Yes
Herod
Yes
Kennedy
Yes
Lawrence
Yes
Michaelson Jenet
Yes
Thurlow
Yes
Van Winkle
Yes
Foote
Yes
Pabon
Yes
Final YES: 11 NO: 0 EXC: 2 ABS: 0 FINAL ACTION: PASS





12:51 PM -- SB17-075



Representatives Landgraf and Danielson, co-prime sponsors, presented Senate Bill 17-075, which allows an income tax deduction for all annual military retirement benefits received by individuals of all ages beginning in tax year 2017. Under current law, qualifying taxpayers ages 55 to 64 may deduct up to $20,000 in retirement income from their taxable income a year and qualifying taxpayers ages 65 and older may deduct up to $24,000 a year. Committee members received a memo describing the estimated fiscal impact of the bill if amendment L.006 is adopted, prepared by Legislative Council Staff (Attachment D). Committee members also received a fact sheet on the bill prepared by the United Veterans Committee (Attachment E).



17HouseFin0426AttachD.pdf17HouseFin0426AttachD.pdf 17HouseFin0426AttachE.pdf17HouseFin0426AttachE.pdf





















12:57 PM --
Mr. Eric Tausch, representing retired veterans, testified in support of the bill and responded to comments and questions from the bill.



01:04 PM --
Mr. Frank McCurdy, representing the United Veterans Committee, testified in support of the bill.



01:08 PM -- Ms. Leanne Wheeler, representing the United Veterans Committee, testified in support of the bill.



01:11 PM -- Mr. David Ortiz, representing the United Veterans Committee, testified in support of the bill.



01:15 PM --
Ms. Shelly Kalkowski, representing the United Veterans Committee, testified in support of the bill.



01:26 PM --
Ms. Amber Egbert, representing the Department of Revenue, responded to committee questions about the bill.

BILL: SB17-075
TIME: 01:29:14 PM
MOVED: Gray
MOTION: Adopt amendment L.006 (see Attachment D). The motion passed without objection.
SECONDED: Herod
VOTE
Beckman
Benavidez
Catlin
Covarrubias
Gray
Herod
Kennedy
Lawrence
Michaelson Jenet
Thurlow
Van Winkle
Foote
Pabon
YES: 0 NO: 0 EXC: 0 ABS: 0 FINAL ACTION: Pass Without Objection






















BILL: SB17-075
TIME: 01:29:46 PM
MOVED: Michaelson Jenet
MOTION: Refer Senate Bill 17-075, as amended, to the Committee on Appropriations. The motion passed on a vote of 10-1.
SECONDED: Gray
VOTE
Beckman
Excused
Benavidez
No
Catlin
Yes
Covarrubias
Yes
Gray
Yes
Herod
Yes
Kennedy
Yes
Lawrence
Yes
Michaelson Jenet
Yes
Thurlow
Yes
Van Winkle
Excused
Foote
Yes
Pabon
Yes
Final YES: 10 NO: 1 EXC: 2 ABS: 0 FINAL ACTION: PASS































































01:33 PM -- HB17-1352



Representative Winter, prime sponsor, returned to discuss House Bill 17-1352. Witness testimony was heard on the bill on Monday, April 24. The bill requires that entities that contract with the federal government to service student education loans obtain a supervised vendor license from the administrator of the Uniformed Consumer Credit Code in the Department of Law. Representative Winter distributed and explained amendment L.001 (Attachment F).



17HouseFin0426AttachF.pdf17HouseFin0426AttachF.pdf

BILL: HB17-1352
TIME: 01:34:31 PM
MOVED: Gray
MOTION: Adopt amendment L.001 (Attachment F). The motion passed without objection.
SECONDED: Kennedy
VOTE
Beckman
Benavidez
Catlin
Covarrubias
Gray
Herod
Kennedy
Lawrence
Michaelson Jenet
Thurlow
Van Winkle
Foote
Pabon
YES: 0 NO: 0 EXC: 0 ABS: 0 FINAL ACTION: Pass Without Objection
































BILL: HB17-1352
TIME: 01:34:59 PM
MOVED: Herod
MOTION: Refer House Bill 17-1352, as amended, to the Committee on Appropriations. The motion passed on a vote of 7-5.
SECONDED: Michaelson Jenet
VOTE
Beckman
No
Benavidez
Yes
Catlin
No
Covarrubias
No
Gray
Yes
Herod
Yes
Kennedy
Yes
Lawrence
No
Michaelson Jenet
Yes
Thurlow
No
Van Winkle
Excused
Foote
Yes
Pabon
Yes
Final YES: 7 NO: 5 EXC: 1 ABS: 0 FINAL ACTION: PASS































































01:36 PM -- HB17-1324



Representatives Pettersen and McLachlan, co-prime sponsors, presented House Bill 17-1324. Beginning in tax year 2018, this bill alters the existing income tax deduction for contributions to qualifying college savings accounts and interest earnings on or withdrawals from these savings accounts.

BILL: HB17-1324
TIME: 01:38:37 PM
MOVED: Michaelson Jenet
MOTION: Refer House Bill 17-1324 to the Committee on Appropriations. The motion passed on a vote of 8-4.
SECONDED: Gray
VOTE
Beckman
No
Benavidez
No
Catlin
Yes
Covarrubias
Yes
Gray
Yes
Herod
Yes
Kennedy
Yes
Lawrence
No
Michaelson Jenet
Yes
Thurlow
No
Van Winkle
Excused
Foote
Yes
Pabon
Yes
Final YES: 8 NO: 4 EXC: 1 ABS: 0 FINAL ACTION: PASS





01:39 PM -- HB17-1357



Representative Pabon, prime sponsor, presented House Bill 17-1357, which extends the period of time during which the Colorado Department of Labor and Employment may accept grant applications for the Skilled Worker Outreach, Recruitment, and Key Training Grant Program from January 1, 2017, to January 1, 2018. Representative Pabon distributed and explained amendment L.001 (Attachment G).



17HouseFin0426AttachG.pdf17HouseFin0426AttachG.pdf























01:42 PM --
Mr. Patrick Teegarden, representing the Department of Labor and Employment, testified in support of the bill.



01:42 PM --
Mr. Michael Gifford, representing the Association of General Contractors, testified in support of the bill.

BILL: HB17-1357
TIME: 01:48:22 PM
MOVED: Pabon
MOTION: Adopt amendment L.001 (Attachment G). The motion passed without objection.
SECONDED: Gray
VOTE
Beckman
Benavidez
Catlin
Covarrubias
Gray
Herod
Kennedy
Lawrence
Michaelson Jenet
Thurlow
Van Winkle
Foote
Pabon
YES: 0 NO: 0 EXC: 0 ABS: 0 FINAL ACTION: Pass Without Objection














































BILL: HB17-1357
TIME: 01:48:46 PM
MOVED: Pabon
MOTION: Refer House Bill 17-1357, as amended, to the Committee of the Whole. The motion passed on a vote of 13-0.
SECONDED: Gray
VOTE
Beckman
Yes
Benavidez
Yes
Catlin
Yes
Covarrubias
Yes
Gray
Yes
Herod
Yes
Kennedy
Yes
Lawrence
Yes
Michaelson Jenet
Yes
Thurlow
Yes
Van Winkle
Yes
Foote
Yes
Pabon
Yes
Final YES: 13 NO: 0 EXC: 0 ABS: 0 FINAL ACTION: PASS





01:49 PM



House Bill 17-1341 was laid over to the next meeting. The committee adjourned.


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