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I_LOCC_TPTF_2022A 06/24/2022 08:37:15 AM Committee Summary

PUBLIC
STAFF SUMMARY OF MEETING
INTERIM COMMITTEE  LEGISLATIVE OVERSIGHT COMMITTEE CONCERNING TAX POLICY & TASK FORCE
Date 06/24/2022
Attendance
Bird X
Kolker X
Liston X
Woog X
Benavidez X
Hansen X
Time 08:37:15 AM to 09:56:55 AM
Place SCR 357
This Meeting was called to order by Hansen
This Report was prepared by Katie Ruedebusch
Hearing Items Action Taken
Update on the Task Force Concerning Tax Policy Committee Discussion Only
Scope of Tax Policy to be Considered Committee Discussion Only
Next Steps Committee Discussion Only

08:37:18 AM
Chair Hansen and
Vice-Chair Benavidez provided some opening remarks.



Update on the Task Force Concerning Tax Policy - Committee Discussion Only


08:38:07 AM  

Mr. Phil Horwitz, Vice-Chair of the Task Force Concerning Tax Policy, came to the table to discuss the work of the task force over the last interim.

08:41:29 AM  
Mr. Horwitz discussed
the task force's report on the property tax treatment of short-term rentals.
 The report may be found in Attachment A and online here:
https://leg.colorado.gov/sites/default/files/images/committees/final_report_on_the_property_tax_treatment_of_short_term_rentals.pdf
08:53:39 AM  

Mr. Horwitz, in response to committee questions, discussed several aspects of the report as well as answered questions about the task force's scope.

09:08:55 AM  
Mr. Horwitz continued discussing pass through effects, a statewide clearinghouse, and assessor's concerns with short-term rentals.



Scope of Tax Policy to be Considered - Committee Discussion Only


09:15:26 AM  

The committee began discussing its scope for the upcoming year.

09:15:52 AM  

Katie Ruedebusch, Legislative Council Staff, discussed the procedures of the committee for the upcoming interim. Michelle Colin, Office of the State Auditor, came to the table to discuss the office's tax expenditure reports and the possibility of future presentations.

09:27:27 AM  

The committee discussed the committee's scope for 2022 and decided to continue with the scope from the 2021 interim.

09:31:55 AM  

The committee discussed various aspects for the task force's scope. The committee discussed keeping the issue of federal adjusted gross income rather than federal taxable income. The committee discussed the homestead exemption, property taxes, and future narrowing of the task force's scope.

09:42:46 AM  

Committee discussion on the scope of the task force continued.



Next Steps - Committee Discussion Only


09:52:33 AM  
Mr. Chair discussed the upcoming tasks of the committee and possibilities for the next meeting.


09:56:55 AM   The committee adjourned.






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