S_FIN_2017A 02/21/2017 Committee Summary

02:09 PM -- HB17-1055



The committee was called to order. Senator Gardner, prime sponsor, presented House Bill 17-1055, which creates the voluntary contribution designation (income tax checkoff) benefitting the Urban Peak Housing and Support Services for Youth Experiencing Homelessness Fund. Money in the fund is used to provide supportive housing and comprehensive support services to youth age 15 to 24 who are experiencing homelessness in Colorado. The income tax checkoff will be available for five consecutive tax years beginning the year it is first placed on the form. Kate Meyer, Office of Legislative Legal Services, responded to committee questions.



02:15 PM -- Kim Easton, representing Urban Peak, testified in support of the bill. Ms. Easton responded to committee questions.



02:18 PM -- Olivia Pait, representing herself, testified in support of the bill.







































02:19 PM



Senator Gardner wrapped up his presentation of HB 17-1055.

02:20 PM -- SB17-139



Senator Williams and Senator Hill, co-prime sponsors, presented Senate Bill 17-139, which indefinitely extends the excise tax credit for sales of non-cigarette tobacco products to out-of-state consumers. Under current law, the credit is set to repeal effective September 1, 2018.



02:23 PM -- RJ Ours, representing the American Cancer Society, testified in opposition to the bill. Mr. Ours responded to a committee question.

















































02:28 PM



Senator Williams and Senator Hill wrapped up their presentation of SB 17-139.

02:31 PM -- SB17-158



Senator Tate, prime sponsor, presented Senate Bill 17-158, which modifies the composition of the 16-member Colorado Public Employees' Retirement Association (PERA) Board of Trustees to: eliminate one State Division trustee position; eliminate two School Division trustee positions; require at least one elected member from both the State and School Divisions to be at least 20 years from retirement eligibility; and add three additional pension experts, appointed by the Governor and confirmed by the Senate, who are not PERA members, inactive members, or retirees to replace the eliminated elected member trustee positions. No more than three of the now six pension experts may be from the same political party.



02:35 PM -- Lynea Hansen, representing Secure PERA, testified in opposition to the bill.



02:37 PM -- Greg Smith, representing Colorado PERA, testified in opposition to the bill.



02:42 PM -- Walker Stapleton, State Treasurer, testified in support of the bill. Mr. Stapleton responded to committee questions.































02:53 PM



Mr. Smith and Ms. Hansen responded to a committee question regarding the current PERA Board of Directors. Mr. Stapleton discussed the make-up of the PERA Board under SB 17-158. Mr. Smith and Mr. Stapleton responded to committee questions.





03:03 PM



Ms. Hansen responded to a committee question regarding the age requirements for serving on the PERA board of directors. Mr. Stapleton responded to committee questions regarding the unfunded liability of PERA.





03:06 PM



Senator Tate wrapped up his presentation of SB 17-158.

BILL:	SB17-158
TIME:	03:11:25 PM
MOVED:	Kerr
MOTION:	Adopt amendment L.001 (Attachment A). The chair ruled the amendment does not fit under the title of the bill. 17SenateFin0221AttachA.pdf
SECONDED:
		VOTE
	Court
	Kerr
	Tate
	Hill
	Neville T.
YES: 0 NO: 0 EXC: 0 ABS: 0 FINAL ACTION:

03:16 PM -- SB17-111



Senator Neville, prime sponsor, presented Senate Bill 17-111, which increases the amount of total on-hand inventory of medical marijuana that a medical marijuana licensee can purchase from another medical marijuana center from 30 percent to 50 percent. The percentage a medical marijuana center can sell to another medical marijuana licensee is also increased to 50 percent of its on-hand inventory. The bill allows a medical marijuana licensee to transfer medical marijuana to another licensee without limitation if the licensees share a common owner.



03:19 PM -- Jessica LeRoux, representing herself, testified on the bill.



03:23 PM -- Shannon Fender, representing Native Roots Colorado, testified in support of the bill.





03:26 PM



The bill was laid over to the next meeting for action only.





03:27 PM -- SB17-116



Senator Neville, prime sponsor, presented Senate Bill 17-116, which allows anyone 21 or older who is legally allowed to possess a handgun to carry a concealed handgun without a permit, including on school, college, or university grounds.



03:30 PM -- Dan Murphy, representing Rocky Mountain Gun Owners, testified in support of the bill.



03:32 PM -- Dr. Cory Carroll, representing himself, testified in opposition to the bill. Dr. Carroll responded to committee questions.





















03:35 PM



Senator Neville wrapped up his presentation of SB 17-116.

03:37 PM



The committee adjourned.