S_FIN_2022A 02/23/2022 01:32:18 PM Committee Summary PUBLICSTAFF SUMMARY OF MEETINGSENATE COMMITTEE ON FINANCE Date 02/23/2022 Attendance Donovan X Hisey X Lee X Priola X Scott * Winter * Bridges X Time 01:32:18 PM to 03:47:52 PM Place Old Supreme Court This Meeting was called to order by Bridges This Report was prepared by Katie Ruedebusch Hearing Items Action Taken hConf 22-Governmental Accounting — Advisory Committee On Favorably Refer to Full Senate - Consent Calendar hSB22-117 Committee Discussion Only hSB22-124 Amended, referred to Senate Appropriations hSB22-040 Amended, referred to Senate Appropriations hSB22-081 Amended, referred to Senate Appropriations Conf 22-Governmental Accounting — Advisory Committee On - Favorably Refer to Full Senate - Consent Calendar 01:32:35 PM Ms. Anne Penney, Ms. Gina Lanier, and Ms. Stephanie Corbo introduced themselves and discussed their qualifications to serve on the advisory committee. 01:40:24 PM Motion Refer the appointment of Gina Lanier, Stephanie Corbo, Annie Penney to the Advisory Committee On Governmental Accounting — to the full Senate with a favorable recommendation and with a recommendation that it be placed on the consent calendar. Moved Winter Seconded Donovan Yes Hisey Yes Lee Yes Priola Yes Scott Yes Winter Yes Bridges Yes Final YES: 7 NO: 0 EXC: 0 ABS: 0 FINAL ACTION: PASS SB22-117 - Committee Discussion Only Attachment Tag File Name Attachment http://www2.leg.state.co.us/CLICS/CLICS2022A/commsumm.nsf/0/5F3A79DE7E30...$File/Attachment A.pdf?OpenElement Attachment A.pdf 01:40:44 PM Sens. Coram and Fields introduced Senate Bill 22-117. The bill adds a definition of gross receipts to statute that stipulates when money is received by a licensee from an out-of-state simulcast facility, gross receipts is the amount received after the out-of-state facility has deducted costs, signal fees, and taxes that it pays to its regulatory and taxing authorities. The sponsors answered several committee questions. Written testimony may be found in Attachment A. 01:42:31 PM Mr. James Mulvihill, representing the Colorado Horse Racing Association, testified in opposition to the bill. Mr. Howie Chavers, representing the Rocky Mountain Quarter Horse Association, testified in opposition to the bill. Ms. Kim Oliver, representing the Colorado Horse Racing Association, testified in opposition to the bill. 01:50:49 PM Mr. Reid Jenkins, representing himself, testified in support of the bill. Mr. Tom Downey, representing Arapahoe Park, testified in support of the bill. 02:22:57 PM Committee discussion ensued with several witnesses. 02:30:48 PM Mr. Shannon Rushton, representing Ballyâs Arapahoe Park, testified in support of the bill. Mr. Bruce Seymore, representing Ballyâs Arapahoe Park, testified in support of the bill. 02:35:01 PM Sen. Coram gave some closing comments. The bill was laid over for action only to a future date. SB22-124 - Amended, referred to Senate Appropriations Attachment Tag File Name Attachment http://www2.leg.state.co.us/CLICS/CLICS2022A/commsumm.nsf/0/6B8D3A2DD6C9...$File/Attachment B.pdf?OpenElement Attachment B.pdf Attachment http://www2.leg.state.co.us/CLICS/CLICS2022A/commsumm.nsf/0/5E75509768E1...$File/Attachment C.pdf?OpenElement Attachment C.pdf Attachment http://www2.leg.state.co.us/CLICS/CLICS2022A/commsumm.nsf/0/4D6277B22E5B...$File/Attachment D.pdf?OpenElement Attachment D.pdf 02:48:26 PM Sens. Woodward and Kolker introduced Senate Bill 22-124. The bill allows pass-through businesses to elect to retroactively pay their state income tax at the entity level, rather than the individual level, beginning in tax year 2018. The sponsors answered some committee questions. Written testimony may be found in Attachment B. 03:01:52 PM Mr. Phil Horwitz, representing himself, testified in support of the bill. Mr. Raymond Gonzales, representing the Denver Metro Chamber of Commerce, testified in support of the bill. 03:08:43 PM Ms. Amber Egbert, representing the Colorado Department of Revenue, testified in a neutral position on the bill. She answered several committee questions. 03:09:18 PM Sens. Woodward and Kolker discussed some possible amendments and provided closing comments. 03:16:22 PM Motion Adopt amendment L.001 (Attachment C) Moved Winter Seconded Donovan Hisey Lee Priola Scott Winter Bridges YES: 0 NO: 0 EXC: 0 ABS: 0 FINAL ACTION: Pass Without Objection 03:17:08 PM Motion Adopt amendment L.002 (Attachment D) Moved Winter Seconded Donovan Hisey Lee Priola Scott Winter Bridges YES: 0 NO: 0 EXC: 0 ABS: 0 FINAL ACTION: Pass Without Objection 03:19:37 PM Motion Refer Senate Bill 22-124, as amended, to the Committee on Appropriations. Moved Winter Seconded Donovan Yes Hisey Yes Lee Yes Priola Yes Scott Yes Winter Yes Bridges Yes Final YES: 7 NO: 0 EXC: 0 ABS: 0 FINAL ACTION: PASS SB22-040 - Amended, referred to Senate Appropriations Attachment Tag File Name Attachment http://www2.leg.state.co.us/CLICS/CLICS2022A/commsumm.nsf/0/048B63871381...$File/Attachment E.pdf?OpenElement Attachment E.pdf Attachment http://www2.leg.state.co.us/CLICS/CLICS2022A/commsumm.nsf/0/21F6CB15888D...$File/Attachment F.pdf?OpenElement Attachment F.pdf Attachment http://www2.leg.state.co.us/CLICS/CLICS2022A/commsumm.nsf/0/216A171472CB...$File/Attachment G.pdf?OpenElement Attachment G.pdf Attachment http://www2.leg.state.co.us/CLICS/CLICS2022A/commsumm.nsf/0/55DC1FBB1F55...$File/Attachment H.pdf?OpenElement Attachment H.pdf 03:19:49 PM Sens. Smallwood and Winter introduced Senate Bill 22-040. The bill creates a process for actuarial review of proposed legislation that may create a new health benefit mandate on health insurance plans. The sponsors answered some committee questions and discussed various amendments. Written testimony may be found in Attachment E. 03:21:04 PM Ms. Bethany Pray, representing the Colorado Center on Law and Policy, testified to amend the bill. Mr. Jason Hopfer, representing the Colorado Association of Health Plans, testified to amend the bill. 03:32:34 PM Mr. Stuart Jenkins, representing Healthier Colorado, testified in support of the bill. Mr. Michael Conway, representing the Division of Insurance, testified in support of the bill. 03:39:08 PM Motion Adopt amendment L.002 (Attachment F) Moved Winter Seconded Donovan Hisey Lee Priola Scott Winter Bridges YES: 0 NO: 0 EXC: 0 ABS: 0 FINAL ACTION: Pass Without Objection 03:39:52 PM Motion Adopt amendment L.005 (Attachment G) Moved Winter Seconded Donovan Hisey Lee Priola Scott Winter Bridges YES: 0 NO: 0 EXC: 0 ABS: 0 FINAL ACTION: Pass Without Objection 03:40:17 PM Motion Adopt amendment L.006 (Attachment H) Moved Winter Seconded Donovan Hisey Lee Priola Scott Winter Bridges YES: 0 NO: 0 EXC: 0 ABS: 0 FINAL ACTION: Pass Without Objection 03:41:36 PM Motion Refer Senate Bill 22-040, as amended, to the Committee on Appropriations. Moved Winter Seconded Donovan Yes Hisey Yes Lee Yes Priola Yes Scott Yes Winter Yes Bridges Yes Final YES: 7 NO: 0 EXC: 0 ABS: 0 FINAL ACTION: PASS SB22-081 - Amended, referred to Senate Appropriations Attachment Tag File Name Attachment http://www2.leg.state.co.us/CLICS/CLICS2022A/commsumm.nsf/0/D1BB824CFC70...$File/Attachment I.pdf?OpenElement Attachment I.pdf 03:41:46 PM Sens. Smallwood and Donovan introduced Senate Bill 22-081. The bill requires the Board of the Colorado Health Benefit Exchange to create and implement a public awareness and education campaign to inform consumers about health-care coverage options. The sponsors answered some committee questions. 03:44:10 PM Mr. Benjamin Teevan, representing Craig Hospital, testified in support of the bill. Ms. Rachel Reiter, representing the Colorado Department of Health Care Policy & Financing, testified in support of the bill. 03:46:25 PM Motion Adopt amendment L.007 (Attachment I) Moved Donovan Seconded Donovan Hisey Lee Priola Scott Winter Bridges YES: 0 NO: 0 EXC: 0 ABS: 0 FINAL ACTION: Pass Without Objection 03:47:00 PM Motion Refer Senate Bill 22-081, as amended, to the Committee on Appropriations. Moved Donovan Seconded Donovan Yes Hisey Yes Lee Yes Priola Yes Scott Yes Winter Yes Bridges Yes Final YES: 7 NO: 0 EXC: 0 ABS: 0 FINAL ACTION: PASS 03:47:52 PM The committee adjourned.