H_FIN_2024A 04/18/2024 01:34:09 PM Committee Summary PUBLICSTAFF SUMMARY OF MEETINGHOUSE COMMITTEE ON FINANCE Date 04/18/2024 Attendance Bradley X deGruy Kennedy X Frizell * Garcia * Holtorf X Lindstedt X Marshall X Mauro X Soper X Joseph X Snyder X Time 01:34:09 PM to 04:42:13 PM Place HCR 0112 This Meeting was called to order by Snyder This Report was prepared by Jessika Shipley Hearing Items Action Taken hSB24-180 Referred to the Committee of the Whole hSB24-111 Amended, referred to House Appropriations hHB24-1453 Referred to the Committee of the Whole hSB24-008 Referred to House Appropriations hHB24-1439 Amended, referred to House Appropriations SB24-180 - Referred to the Committee of the Whole 01:35:39 PM Representatives Lindstedt and Winter, co-prime sponsors, presented Senate Bill 24-180. The bill repeals the Colorado Digital Token Act. 01:40:36 PM The bill sponsors responded to questions from the committee. 01:40:58 PM Jon Potter, representing Dapper Labs, testified in support of the bill. 01:48:34 PM Motion Refer Senate Bill 24-180 to the Committee of the Whole. Moved Lindstedt Seconded Soper Bradley Yes deGruy Kennedy Yes Frizell Excused Garcia Yes Holtorf Yes Lindstedt Yes Marshall Yes Mauro Yes Soper Yes Joseph Yes Snyder Yes Final YES: 10 NO: 0 EXC: 1 ABS: 0 FINAL ACTION: PASS SB24-111 - Amended, referred to House Appropriations Attachment Tag File Name Attachment http://www2.leg.state.co.us/CLICS/CLICS2024A/commsumm.nsf/0/38B2CDE539A4...$File/Attachment A.pdf?OpenElement Attachment A.pdf Attachment http://www2.leg.state.co.us/CLICS/CLICS2024A/commsumm.nsf/0/CB237B849917...$File/Attachment B SB111_L.003.pdf?OpenElement Attachment B SB111_L.003.pdf 01:48:46 PM Representative Lieder and Young, co-prime sponsors, presented Senate Bill 24-111. They distributed a fiscal note memorandum (Attachment A). The bill reduces property tax assessed values for senior homeowners who previously qualified for the senior homestead exemption in 2016 or later years but have since moved, and provides a similar property tax benefit. The bill sponsors responded to questions from the committee. 02:01:20 PM Mr. Dennis Valentine, representing AARP, testified in support of the bill. Lindsay Neville, representing Boulder County Government, testified in support of the bill. Ms. JoAnn Groff, representing Department of Local Affairs Division of Property Taxation, testified in a neutral position on the bill. Mr. Keith Erffmeyer, representing the Colorado Assessor's Association, was available to answer committee questions. Additional written testimony is included as Attachment A. 02:23:54 PM Motion Adopt amendment L.003 (Attachment B). Moved Joseph Seconded Garcia Bradley deGruy Kennedy Frizell Garcia Holtorf Lindstedt Marshall Mauro Soper Joseph Snyder YES: 0 NO: 0 EXC: 0 ABS: 0 FINAL ACTION: Pass Without Objection 02:27:23 PM Members of the committee commented about their positions on the bill. 02:32:48 PM Motion Refer Senate Bill 24-111, as amended, to the Committee on Appropriations. Moved Joseph Seconded Frizell Bradley Yes deGruy Kennedy Yes Frizell Yes Garcia Yes Holtorf Yes Lindstedt Yes Marshall Yes Mauro Yes Soper Yes Joseph Yes Snyder Yes Final YES: 11 NO: 0 EXC: 0 ABS: 0 FINAL ACTION: PASS SB24-008 - Lay Over 02:33:09 PM The committee took a brief recess. HB24-1453 - Referred to the Committee of the Whole 02:34:53 PM The committee returned to order. Representative Ricks, prime sponsor, presented House Bill 24-1453. The bill relocates the CLIMBER Act from the Department of the Treasury to the Office of Economic Development and modifies certain provisions. 02:41:42 PM Treasurer Dave Young, representing themself, testified in support of the bill. Mr. Jeff Kraft, representing the Office of Economic Development and International Trade, testified in support of the bill. The witnesses responded to questions from the committee. 03:03:22 PM The committee continued to respond to questions from the committee. 03:13:53 PM Motion Refer House Bill 24-1453 to the Committee of the Whole. Moved Joseph Seconded Garcia Bradley Yes deGruy Kennedy Yes Frizell Yes Garcia Yes Holtorf Yes Lindstedt Yes Marshall Yes Mauro Yes Soper Yes Joseph Yes Snyder Yes Final YES: 11 NO: 0 EXC: 0 ABS: 0 FINAL ACTION: PASS SB24-008 - Referred to House Appropriations 03:14:08 PM Representatives Pugliese and Young, co-prime sponsors, presented Senate Bill 24-008. The bill creates measures that support kinship foster care homes, including providing financial supports to non-certified kinship care homes. 03:31:24 PM The bill sponsors responded to questions from the committee. 03:32:20 PM Emily Hansen, representing the Colorado Department of Human Services, testified in support of the bill. She responded to questions from the committee. 03:33:45 PM The bill sponsors wrapped up their presentation of the bill and asked for a favorable recommendation. 03:41:33 PM Motion Refer Senate Bill 24-008 to the Committee on Appropriations. Moved Bradley Seconded Joseph Bradley Yes deGruy Kennedy Yes Frizell Yes Garcia Yes Holtorf Yes Lindstedt Yes Marshall Yes Mauro Yes Soper Yes Joseph Yes Snyder Yes Final YES: 11 NO: 0 EXC: 0 ABS: 0 FINAL ACTION: PASS HB24-1439 - Amended, referred to House Appropriations Attachment Tag File Name Attachment http://www2.leg.state.co.us/CLICS/CLICS2024A/commsumm.nsf/0/2A62BCA433D2...$File/Attachment C HB1439_L.001.pdf?OpenElement Attachment C HB1439_L.001.pdf 03:41:48 PM Representative Willford, prime sponsor, presented House Bill 24-1439. She distributed amendment L.001 (Attachment . The bill creates a state income tax credit, repeals another, and creates two grant programs in the Department of Labor and Employment to support apprenticeships. 03:47:45 PM Meghan Dollar, representing the Colorado Chamber of Commerce, testified in support of the bill. Katherine Keegan, representing the Colorado Department of Labor and Employment, testified in support of the bill. Jason Wardrip, representing the State Apprenticeship Agency, testified in support of the bill. Mr. Chris Romer, representing the Vail Valley Partnership, testified in support of the bill. 03:58:29 PM The panel of witnesses responded to questions from the committee. 04:02:15 PM Ms. Kathryn Harris, representing ActivateWork, testified in support of the bill. Ms. Michele Carter, representing Slalom, testified in support of the bill. Ms. Nicole Jones, representing the Center of Equity and Excellence in Aviation, testified in support of the bill. 04:14:50 PM The panel of witnesses responded to questions from the committee. Josh Pens, representing the Department of Revenue, was available to answer committee questions. 04:31:04 PM Motion Adopt amendment L.001 (Attachment C). Moved Joseph Seconded Mauro Bradley deGruy Kennedy Frizell Garcia Holtorf Lindstedt Marshall Mauro Soper Joseph Snyder YES: 0 NO: 0 EXC: 0 ABS: 0 FINAL ACTION: Pass Without Objection 04:31:07 PM Louis Pino, representing Legislative Council Staff, was available to respond to questions from the committee about the fiscal note. 04:31:24 PM The bill sponsors made closing remarks. 04:42:02 PM Motion Refer House Bill 24-1439, as amended, to the Committee on Appropriations. Moved Joseph Seconded Lindstedt Bradley No deGruy Kennedy Yes Frizell No Garcia Yes Holtorf No Lindstedt Yes Marshall No Mauro Yes Soper Yes Joseph Yes Snyder No Final YES: 6 NO: 5 EXC: 0 ABS: 0 FINAL ACTION: PASS 04:42:13 PM The committee adjourned.