|
PUBLIC
STAFF SUMMARY OF MEETING
INTERIM COMMITTEE LEGISLATIVE OVERSIGHT COMMITTEE CONCERNING TAX POLICY & TASK FORCE
| Date |
08/24/2023 |
| Attendance |
| Frizell |
X |
| Kolker |
X |
| Liston |
X |
| Marshall |
X |
| Hansen |
X |
| Weissman |
X |
|
| Time |
10:05:39 AM to 02:53:52 PM |
| Place |
Old State Library |
| This Meeting was called to order by |
Weissman |
| This Report was prepared by |
Katie Ruedebusch |
|
| Hearing Items |
Action Taken |
| hWelcome and Opening Remarks |
Committee Discussion Only |
| hCommittee Overview and Scope of Work |
Committee Discussion Only |
| hOffice of the State Auditor Tax Expenditure Reports |
Committee Discussion Only |
| hOther Business |
Committee Discussion Only |
|
|
Welcome and Opening Remarks - Committee Discussion Only
|
|
|
10:05:50 AM |
The Chair made some
opening remarks and discussed the day's agenda.
|
Committee Overview and Scope of Work - Committee Discussion Only
|
|
|
10:06:16 AM |
Katie Ruedebusch,
Legislative Council Staff, gave a brief overview of the committee and discussed
other business. The committee will meet on October 31 to finalize bill
drafts.
|
Office of the State Auditor Tax Expenditure Reports - Committee Discussion Only
|
|
|
10:14:28 AM |
Mr. James Taurman, Office of the State Auditor (OSA), provided an overview of the tax expenditure reports that the office will present to the committee. A compilation of all reports may be found in Attachment A.
|
|
10:17:18 AM |
Mr. Taurman continued by discussing the catastrophic health insurance deduction.
|
|
10:25:52 AM |
Mr. Taurman continued
by discussing the medical savings account deductions. He answered
several committee questions.
|
|
10:31:05 AM |
Mr. Taurman continued
by discussing the nonresident disaster relief worker subtraction. Mr.
Trey Standley, OSA, came to the table to answer a committee question.
|
|
10:46:12 AM |
Mr. Standley, in
response to a committee question, discussed available data, or lack thereof,
on certain tax deductions and credits.
|
|
10:48:00 AM |
Mr. Taurman continued with the Colorado tuition program deduction.
|
|
10:58:51 AM |
Committee discussion ensued on the tuition program deduction.
|
|
10:59:09 AM |
Mr. Taurman continued by discussing the low-emitting vehicles and commercial vehicles used in interstate commerce exemptions.
|
|
11:05:06 AM |
Ms. Kim Tinnell,
OSA, presented on the rural broadband equipment refund.
|
|
11:12:19 AM |
Committee discussion ensued on the rural broadband equipment refund.
|
|
11:16:29 AM |
Ms. Tinnell continued
by discussing the components used to produce renewable energy exemption.
|
|
11:21:59 AM |
Ms. Tinnell continued by discussing the non-resident aircraft sales and aircraft parts exemptions.
|
|
11:38:15 AM |
Ms. Tinnell continued by discussing marijuana-related tax expenditures.
|
|
11:54:02 AM |
Committee discussion on the medical marijuana sales tax exemption for indigent patients.
|
|
11:55:02 AM |
The committee recessed for lunch.
|
|
01:08:14 PM |
The committee came back to order.
|
|
01:08:40 PM |
Ms. Tinnell presented on the rural & frontier healthcare preceptor credit.
|
|
01:19:58 PM |
Mr. Taurman responded
to a committee question on potential bill sponsors and the tax expenditure
reports.
|
|
01:26:37 PM |
Ms. Jacquelyn Combellick, OSA, came to the table to discuss the Colorado Works Program employer credit.
|
|
01:35:24 PM |
Ms. Combellick continued by discussing the school-to-career expenses credit.
|
|
01:38:57 PM |
Ms. Combellick continued by discussing the job growth credit.
|
|
01:51:29 PM |
Committee discussion continued with Ms. Combellick regarding the job growth credit.
|
|
01:56:57 PM |
Ms. Combellick continued by discussing the wildfire mitigation deduction.
|
|
02:01:15 PM |
Ms. Combellick continued by discussing the biotechnology sales and use tax refund.
|
|
02:06:25 PM |
Mr. Greg Sobetski, Legislative Council Staff, answered a question regarding previous TABOR tax refund mechanisms.
|
|
02:09:49 PM |
Ms. Meghan Westmoreland, OSA, began with a discussing the military service persons reacquiring Colorado residency deduction.
|
|
02:18:11 PM |
Ms. Westmoreland continued by discussing the child care facility investment credits.
|
|
02:25:09 PM |
Ms. Westmoreland continued by discussing the first-time home buyer savings account deduction.
|
|
02:36:43 PM |
Ms. Westmoreland continued by discussing the home modification tax credit.
|
|
02:47:30 PM |
Ms. Westmoreland continued by discussing aviation fuel exemptions.
|
Other Business - Committee Discussion Only
|
|
|
02:52:51 PM |
The committee set
a meeting for October 31 to approve any bill drafts. Chair Weissman thanked
OSA staff for their presentations.
|
| 02:53:52 PM |
The committee adjourned. |
