H_FIN_2025A 03/03/2025 01:37:10 PM Committee Summary

Representatives Lindstedt and Taggart, co-prime sponsors, presented House Bill 25-1021. The bill creates two state income tax deductions and a new income tax credit, and also extends and modifies the current Employee Ownership Tax Credit. The sponsors distributed amendment L.002 (Attachment A).

The bill sponsors responded to questions from the committee.

Camden Fahnline, representing himself, testified in opposition to the bill. Ms. Hunter Nelson, representing Small Business Majority, testified in support of the bill. Mr. Michael Gifford, representing Associated General Contractors of Colorado, testified in support of the bill. Mrs. Nikki Maloney, representing the Office of Economic Development and International Trade (OEDIT), testified in support of the bill. The panel of witnesses responded to committee questions.

Representative Taggart, co-prime sponsor, presented Senate Bill 25-028. The bill requires the Public Employees' Retirement Association (PERA) to conduct its actuarial experience study and periodical actuarial audit on a four-year schedule, and for the Pension Review Subcommittee to conduct its independent review within three months of the actuarial audit.

Andrew Roth, representing Colorado PERA, was available to answer committee questions.

Representative Hamrick, co-prime sponsors, made closing remarks and asked for a favorable recommendation.

Representative Smith, prime sponsor, presented House Bill 25-1120. The bill creates an enterprise to make loans for replacing septic systems. Rep. Smith distributed a fact sheet about the bill (Attachment B).

Michael Valdez, representing the Special District Association of Colorado, testified in support of the bill. Mr. George Marlin, representing Clear Creek County, testified in support of the bill. Written testimony about the bill is included as Attachment C.

Annissa Reed, representing CTIA Wireless, testified in support of the bill.

The chair announced that the bill would be laid over and took a brief recess.

Representatives Clifford and Story, co-prime sponsor, presented House Bill 25-1095. The bill requires most nonresidential property taxpayers protesting property valuations to request valuations determined in compliance with uniform standards of professional appraisal, and for certain nonresidential properties, the bill requires additional information to be submitted when making an appeal.

The bill sponsors responded to committee questions.

Mr. Keith Erffmeyer, representing the Colorado Assessor's Association, testified in opposition to the bill. Brenda Dones, representing the Colorado Assessor's Association, testified in opposition to the bill. Mr. Bob Overbeck, Larimer County Assessor, testified in opposition to the bill. Mr. Mark Chapin, Eagle County Assessor, testified in opposition to the bill. Mr. Matt Poling, representing BOMA - Denver, testified in opposition to the bill.

Mr. Thomas Davidson, representing Counties & Commissioners Acting Together (CCAT), testified in support of the bill. Michael Earley, representing himself, testified in support of the bill.

Mr. Tyler Carlson,
representing NAIOP Colorado and ICSC, testified in opposition to the bill.
Ms. Kendra Goldstein, representing Sterling Property Tax Specialists, testified
in opposition to the bill. Mr. Toby Damisch, representing himself, testified
in opposition to the bill. The panel of witnesses responded to questions
from the committee.



Written testimony
about the bill is included as Attachment D.

The bill sponsors distributed and explained amendments L.001 (Attachment E) and L.002 (Attachment F).

The committee took a brief recess.

Mr. Michael Hennon, representing The Payroll Group/The Payroll Department, testified to amend the bill. Ken Boldt, representing the Department of Regulatory Agencies Division of Banking, testified in support of the bill. Mrs. Amy Miller, representing ADP, testified in support of the bill. Mr. Adam Fleisher, representing The Money Services Round Table, testified in support of the bill. The panel of witnesses responded to committee questions.

Representative Marshall wrapped up his presentation of the bill.

Representatives Lindstedt
and Willford, co-prime sponsors, presented House Bill 25-1209. The bill
makes several changes to the regulation of marijuana businesses. The sponsors
distributed two facts sheets (Attachments J and K), as well as amendments
L.001 (Attachment L), L.002 (Attachment M), L.004 (Attachment N), L.006
(Attachment O), L.007 (Attachment P), L.009 (Attachment Q), and L.010 (Attachment
R). The bill sponsors responded to committee questions.



Written testimony
may be found in Attachment S.