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s_fin_2017a_2017-04-13t11:21:04z1 Hearing Summary

Date: 04/13/2017

Location: SCR 357

Final

BILL SUMMARY for SB17-273



SENATE COMMITTEE ON FINANCE


Votes: View--> Action Taken:
Refer Senate Bill 17-273 to the Committee on Appro 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














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