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S_FIN_2017A 04/13/2017 Committee Summary

Final

STAFF SUMMARY OF MEETING



SENATE COMMITTEE ON FINANCE

Date: 04/13/2017
ATTENDANCE
Time: 11:21 AM to 01:47 PM
Court
X
Kagan
X
Place: SCR 357
Tate
*
Hill
*
This Meeting was called to order by
Neville T.
X
Senator Neville T.
This Report was prepared by
Matt Becker
X = Present, E = Excused, A = Absent, * = Present after roll call
Bills Addressed: Action Taken:
SB17-287

SB17-273

HB17-1253

HB17-1057
Amended, Referred to Senate Appropriations

Referred to Senate Appropriations

Amended, Referred to the Committee of the Whole - Consent Calendar

Amended, Referred to Senate Appropriations





11:21 AM -- SB17-287



The committee was called to order. Senator Priola, prime sponsor, presented Senate Bill 17-287, which creates an income tax credit for contributions made to an endowment of a Colorado charitable organization. Eligible endowment funds do not include donor advised funds or funds for private foundations, which are typically funded by a single primary donor instead of the general public. The credit is equal to 25 percent of the contribution up to a maximum of $25,000 per taxpayer per year. The credit is non-refundable, but can be carried forward for five years, and is available in tax years 2017, 2018, and 2019.



11:25 AM --
Renny Fagan, representing the Colorado Nonprofit Association, testified in support of the bill.



11:30 AM --
Dr. Aleah Horstman, representing Arapahoe House, testified in support of the bill.



11:33 AM --
Dirk Bird, representing Jewish Colorado, testified in support of the bill. Dr. Horstman responded to a committee question.



11:36 AM --
Marla Williams, representing Community First Foundation, testified in support of the bill.



11:39 AM --
Megan Ledin, representing the Grand Foundation, testified in support of the bill.



11:41 AM --
Joanne Kelley, representing the Colorado Association of Funders, testified in support of the bill.





















11:44 AM



Ms. Williams and Ms. Ledin responded to a committee question.





11:47 AM



John Vecchiarelli, representing the Department of Revenue, came to the table to respond to a committee question. Mr. Fagan returned to the table to respond to a committee question.





11:53 AM



Senator Priola wrapped up his presentation of SB 17-287 and explained amendment L.001 (Attachment A). Committee members also received a memo prepared by Legislative Council Staff regarding the fiscal impact of amendment L.001 (Attachment B).



17SenateFin0413AttachA.pdf17SenateFin0413AttachA.pdf 17SenateFin0413AttachB.pdf17SenateFin0413AttachB.pdf

BILL: SB17-287
TIME: 11:54:41 AM
MOVED: Tate
MOTION: Adopt amendment L.001 (Attachment A). The motion passed without objection.
SECONDED:
VOTE
Court
Kagan
Tate
Hill
Neville T.
YES: 0 NO: 0 EXC: 0 ABS: 0 FINAL ACTION: Pass Without Objection




























BILL: SB17-287
TIME: 11:55:07 AM
MOVED: Tate
MOTION: Refer Senate Bill 17-287, as amended, to the Committee on Appropriations. The motion passed on a vote of 4-1.
SECONDED:
VOTE
Court
No
Kagan
Yes
Tate
Yes
Hill
Yes
Neville T.
Yes
Final YES: 4 NO: 1 EXC: 0 ABS: 0 FINAL ACTION: PASS





11:55 AM -- SB17-273



Senators Hill and Williams, co-prime sponsors, presented Senate Bill 17-273. The state's tobacco excise tax is assessed on the manufacturer's list price of the taxable product. Under current law, the manufacturer's list price is the invoice price for which a manufacturer or supplier sells a tobacco product to a distributor. SB 17-273 allows a distributor to use the price for which the product is sold to the first importer or first manufacturer of record as the manufacturer's list price instead, provided that the distributor can provide evidence of this price to the Department of Revenue. Senator Hill responded to a committee question.





12:00 PM



Mr. Vecchiarelli, representing the Department of Revenue, came to the table to respond to a committee question.



12:03 PM --
R.J. Ours, representing the American Cancer Society, testified in opposition to the bill.



12:08 PM --
Tyler Henson, representing the International Premium Cigar & Pipe Retailers Association, testified in support of the bill.



12:12 PM --
Jennifer Miles, representing the Colorado Association of Local Public Health Officials and the Colorado Community Health Network, testified in opposition to the bill.



12:14 PM --
Veronica Fenner, representing herself as a small business owner, testified in support of the bill. Ms. Miles and Ms. Fenner responded to a committee question.

























12:20 PM



Senators Hill and Williams made closing remarks on SB 17-273.

BILL: SB17-273
TIME: 12:22:16 PM
MOVED: Hill
MOTION: Refer Senate Bill 17-273 to the Committee on Appropriations. The motion passed on a vote of 4-1.
SECONDED:
VOTE
Court
No
Kagan
Yes
Tate
Yes
Hill
Yes
Neville T.
Yes
Final YES: 4 NO: 1 EXC: 0 ABS: 0 FINAL ACTION: PASS





12:25 PM -- HB17-1057



Senators Kerr and Gardner, co-prime sponsors, presented House Bill 17-1057. The reengrossed bill enacts the Interstate Physical Therapy Licensure Compact Act and requires the Governor to enter into the compact on behalf of Colorado. Under the compact, physical therapists and physical therapy assistants licensed or certified in a compact member state may obtain an expedited license or certificate allowing them to practice in another compact member state. The compact will be administered by the Physical Therapy Compact Commission which will process applications for compact participation. Licensed physical therapists and certified physical therapy assistants in Colorado and other member states are granted "compact privileges," which allows them to practice as a physical therapist or work as a physical therapy assistant in another member state under the laws and rules of the remote state.



12:26 PM --
Eliza Schultz, representing the American Physical Therapy Association, testified in support of the bill. Ms. Schultz discussed amendment L.004 (Attachment C). Ms. Schultz responded to committee questions.



17SenateFin0413AttachC.pdf17SenateFin0413AttachC.pdf



12:49 PM



Senator Gardner responded to a committee question. Ms. Schultz continued to respond to committee questions.



















12:58 PM



The bill was laid over for action only to the end of the committee meeting.





12:59 PM -- HB17-1253



Senator Crowder, prime sponsor, presented House Bill 17-1253, which requires certain financial professionals to report to the securities commissioner if they believe an at-risk person is being financially exploited, except that for mandatory reporters, making such a report does not satisfy the current law requirement to report directly to local law enforcement. The commissioner must forward any reports to local law enforcement and the county department of human or social services. The commissioner may access records for purposes of investigations, but may not release them under an open records request. Financial professionals may notify any third party previously designated by or reasonably associated with the covered adult when he or she believes financial exploitation has occurred, except when that designated party is suspected of financial exploitation or other abuse of the covered adult. The bill provides for delayed disbursements of moneys and other protective services under specified circumstances and immunity from administrative or civil liability when a financial professional makes a disclosure when acting in good faith and exercising reasonable care to protect the information.



01:01 PM --
Jerry Rome, representing the Department of Regulatory Agencies (DORA), testified in support of the bill. Committee members received a handout from DORA (Attachment D).



17SenateFin0413AttachD.pdf17SenateFin0413AttachD.pdf



01:05 PM --
Dennis Valentine, representing AARP, testified in support of the bill.



01:08 PM -- Mindy Kemp, representing the Department of Human Services, testified in support of the bill.



01:11 PM --
John Bunting, representing himself as a volunteer for the First Judicial District Elder Abuse Unit, testified in support of the bill. Mr. Bunting distributed a copy of his testimony to the committee (Attachment E).



17SenateFin0413AttachE.pdf17SenateFin0413AttachE.pdf



01:13 PM -- Kris Tower, representing himself, testified in support of the bill.



01:16 PM --
Ed Shackelford, representing the Senior Lobby, testified in support of the bill. Mr. Tower responded to committee questions.



01:23 PM --
Sean Clifford, representing the Attorney General's office, testified in support of the bill.



















01:27 PM



Senator Crowder wrapped up his presentation of HB 17-1253.

BILL: HB17-1253
TIME: 01:31:37 PM
MOVED: Hill
MOTION: Adopt amendment L.004 (Attachment F). The motion passed without objection.

17SenateFin0413AttachF.pdf17SenateFin0413AttachF.pdf
SECONDED:
VOTE
Court
Kagan
Tate
Hill
Neville T.
YES: 0 NO: 0 EXC: 0 ABS: 0 FINAL ACTION: Pass Without Objection


BILL: HB17-1253
TIME: 01:38:22 PM
MOVED: Hill
MOTION: Refer House Bill 17-1253, as amended, to the Committee of the Whole with a recommendation that it be placed on the consent calendar. The motion passed on a vote of 5-0.
SECONDED:
VOTE
Court
Yes
Kagan
Yes
Tate
Yes
Hill
Yes
Neville T.
Yes
Final YES: 5 NO: 0 EXC: 0 ABS: 0 FINAL ACTION: PASS





















01:38 PM -- HB17-1057



Senators Gardner and Kerr returned to the table to wrap up their presentation of HB 17-1057. Committee members received a letter of support from Dr. James R. Spencer (Attachment G).



17SenateFin0413AttachG.pdf17SenateFin0413AttachG.pdf

BILL: HB17-1057
TIME: 01:43:52 PM
MOVED: Court
MOTION: Adopt amendment L.004 (Attachment C). The motion passed on a vote of 3-2.
SECONDED:
VOTE
Court
Yes
Kagan
Yes
Tate
No
Hill
Yes
Neville T.
No
YES: 3 NO: 2 EXC: 0 ABS: 0 FINAL ACTION: PASS


BILL: HB17-1057
TIME: 01:45:04 PM
MOVED: Court
MOTION: Refer House Bill 17-1057, as amended, to the Committee on Appropriations. The motion passed on a vote of 4-1.
SECONDED:
VOTE
Court
Yes
Kagan
Yes
Tate
Yes
Hill
Yes
Neville T.
No
Final YES: 4 NO: 1 EXC: 0 ABS: 0 FINAL ACTION: PASS





01:47 PM



The committee adjourned.