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H_FIN_2022A 03/10/2022 10:34:35 AM Committee Summary

PUBLIC
STAFF SUMMARY OF MEETING
HOUSE COMMITTEE ON FINANCE
Date 03/10/2022
Attendance
Benavidez X
Daugherty X
Gray X
Kipp *
Luck X
Mullica X
Rich X
Sandridge X
Soper *
Snyder X
Bird X
Time 10:34:35 AM to 11:57:13 AM
Place HCR 0112
This Meeting was called to order by Bird
This Report was prepared by Jessika Shipley
Hearing Items Action Taken
SB22-026 Amended, referred to the Committee of the Whole
HB22-1124 Postponed Indefinitely

SB22-026 - Amended, referred to the Committee of the Whole


10:36:01 AM  
Representatives Boesenecker and Rich, co-sponsors, presented Senate Bill 22-026. The bill specifies that oil and gas fractional interest owners are not entitled to separate notification procedures by the county assessor. They distributed amendment L.001 (Attachment A) and responded to questions from the committee.
10:42:45 AM  
Ms. Brenda Dones, representing the Colorado Assessors' Association, testified in support of the bill. She responded to questions from the committee.
10:56:24 AM  

The committee continued to ask Ms. Dones questions about oil and gas property taxation.

11:13:51 AM  
Representative Rich related comments from the Mesa County Assessor.
11:15:14 AM  
Mr. Jim Cole, representing
the Colorado Oil and Gas Association, testified in support of the bill.
 He responded to questions from the committee.


11:25:21 AM
Motion Adopt amendment L.001 (Attachment A).
Moved Rich
Seconded Snyder
Benavidez
Daugherty
Gray
Kipp
Luck
Mullica
Rich
Sandridge
Soper
Snyder
Bird
YES: 0   NO: 0   EXC: 0   ABS:  0   FINAL ACTION:  Pass Without Objection
11:25:25 AM  
The sponsors made closing remarks and asked for a favorable recommendation.
11:27:13 AM  
Members of the committee commented about their positions on the bill.


11:30:05 AM
Motion Refer Senate Bill 22-026, as amended, to the Committee of the Whole.
Moved Rich
Seconded Snyder
Benavidez Yes
Daugherty Yes
Gray Yes
Kipp Yes
Luck Yes
Mullica Yes
Rich Yes
Sandridge Yes
Soper Yes
Snyder Yes
Bird Yes
Final YES: 11   NO: 0   EXC: 0   ABS:  0   FINAL ACTION:  PASS



HB22-1124 - Postponed Indefinitely


11:30:24 AM  
Representative Pelton, prime sponsor, presented House Bill 22-1124. The bill creates a refundable $750 income tax credit for individuals that purchase a new motor vehicle while recycling their old vehicle. He responded to questions from the committee.
11:37:06 AM  
Mr. Travis Madsen, representing the Southwest Energy Efficiency Project, testified in opposition to the bill.
11:39:30 AM  
Ms. Amber Egbert,
representing the Colorado Department of Revenue, joined the committee to
respond to questions.
11:48:50 AM  
Representative Pelton made closing remarks.
11:50:45 AM  
Members of the committee commented about their positions on the bill.


11:55:42 AM
Motion Refer House Bill 22-1124 to the Committee on Appropriations.
Moved Snyder
Seconded Rich
Benavidez No
Daugherty No
Gray No
Kipp No
Luck No
Mullica Yes
Rich Yes
Sandridge No
Soper Yes
Snyder Yes
Bird Yes
YES: 5   NO: 6   EXC: 0   ABS:  0   FINAL ACTION:  FAIL


11:56:59 AM
Motion Postpone House Bill 22-1124 indefinitely.
Moved Snyder
Seconded Soper
Benavidez Yes
Daugherty Yes
Gray Yes
Kipp Yes
Luck Yes
Mullica No
Rich No
Sandridge Yes
Soper Yes
Snyder Yes
Bird Yes
Final YES: 9   NO: 2   EXC: 0   ABS:  0   FINAL ACTION:  PASS


11:57:13 AM   The committee adjourned.