s_fin_2017a_2017-03-09t09:55:47z0 Hearing Summary

Date: 03/09/2017

Location: SCR 357

09:55 AM -- HB17-1049



The committee was called to order. Senator Coram, prime sponsor, presented House Bill 17-1049, which reduces the time that interest accrues from erroneous tax payments by calculating interest based on when an abatement petition is filed. Under current law, interest accrues from the point that erroneous taxes are paid, which can be up to two years before an abatement petition is filed. Senator Coram also explained amendment L.005 (Attachment A).



17SenateFin0309AttachA.pdf



09:58 AM -- JoAnn Groff and Laura Forbes, representing the Division of Property Taxation, testified on the bill. Ms. Groff responded to committee questions.





10:21 AM



Ms. Groff responded to a committee question regarding an example of when a property tax may be levied incorrectly.





10:24 AM



Ms. Forbes and Ms. Groff responded to additional committee questions. Senator Coram provided additional information about a recent property taxation issue with Kinder Morgan. Senator Coram responded to committee questions. Ms. Groff responded to additional questions from the committee.





10:39 AM



Larson Silbaugh, Legislative Council Staff, came to the table to discuss the fiscal note prepared for the bill.



10:41 AM -- Richard Orf, representing the Associated Governments of Northwest Colorado, testified in support of the bill. Mr. Orf responded to committee questions.





10:49 AM



The bill was laid over for action only at a future committee meeting.