s_fin_2017a_2017-02-02t10:37:14z0 Hearing Summary

Date: 02/02/2017

Location: SCR 357

10:37 AM -- SB17-009



The committee was called to order. Senator Crowder, prime sponsor, presented Senate Bill 17-009, which expands the exemption for business personal property from $7,300 to $21,900 in 2017 and 2018. The exemption is adjusted for inflation every two years. Senator Crowder also discussed amendment L.001 (Attachment A). Committee members received a memorandum prepared by Legislative Council Staff regarding the fiscal impact of amendment L.001 (Attachment B).

17SenateFin0202AttachA.pdf 17SenateFin0202AttachB.pdf



Larson Silbaugh, Legislative Council Staff, came to the table to discuss the memorandum. Mr. Silbaugh responded to a committee question regarding the revised fiscal impact.



10:47 AM -- Gini Pingenot, representing Colorado Counties Inc., testified in opposition to the bill. Ms. Pingenot responded to a committee question regarding business personal property tax rebates in individual counties.



10:53 AM -- Richard Orf, representing the Associated Governments of Northwest Colorado, testified in opposition to the bill.



10:54 AM -- Michael Valdez, representing the Special District Association, testified in opposition to the bill.



10:57 AM -- Diane Criswell, representing the Colorado Municipal League, testified in opposition to the bill. Discussion ensued on the impact of business personal property tax on small businesses.



11:05 AM -- Patrick Boyle, representing the Colorado Competitive Council, testified in support of the bill.



11:10 AM -- Tony Gagliardi, representing the National Federation of Independent Business, testified in support of the bill. Discussion ensued on the fiscal impact of the bill.



11:18 AM -- Ali Mickelson, representing the Colorado Fiscal Institute, testified in opposition to the bill. Discussion ensued on the impact of the bill on school districts.





11:24 AM



Senator Crowder wrapped up his presentation of the bill.