S_FIN_2023A 02/21/2023 02:03:11 PM Committee Summary PUBLICSTAFF SUMMARY OF MEETINGSENATE COMMITTEE ON FINANCE Date 02/21/2023 Attendance Hansen X Priola X Simpson X Smallwood X Van Winkle X Kolker X Mullica X Time 02:03:11 PM to 04:38:11 PM Place SCR 357 This Meeting was called to order by Mullica This Report was prepared by Katie Ruedebusch Hearing Items Action Taken hConf 23-Property Tax Administrator — Advisory Committee To The Favorably Refer to Full Senate - Consent Calendar hSB23-143 Referred to Senate Appropriations hSB23-104 Committee Discussion Only hSB23-066 Referred to Senate Appropriations hSB23-016 Amended, referred to Senate Appropriations Conf 23-Property Tax Administrator — Advisory Committee To The - Favorably Refer to Full Senate - Consent Calendar 02:03:26 PM Mr. Bruce Eisenhauer introduced Mr. Keith Erffmeyer, appointee to the Advisory Committee to the Property Tax Administrator. Mr. Erffmeyer introduced himself and discussed his experience on the advisory committee. 02:06:34 PM Motion Refer the appointment of Keith Erffmeyer to the Advisory Committee to the Property Tax Administrator to the full Senate with a favorable recommendation and with a recommendation that it be placed on the consent calendar. Moved Kolker Seconded Hansen Yes Priola Yes Simpson Yes Smallwood Yes Van Winkle Yes Kolker Yes Mullica Yes Final YES: 7 NO: 0 EXC: 0 ABS: 0 FINAL ACTION: PASS SB23-143 - Referred to Senate Appropriations Attachment Tag File Name Attachment http://www2.leg.state.co.us/CLICS/CLICS2023A/commsumm.nsf/0/2F67D6FFC2AE...$File/Attachment A Merged.pdf?OpenElement Attachment A Merged.pdf 02:06:44 PM President Fenberg and Sen. Van Winkle introduced Senate Bill 23-143. The bill modifies the administration of retail delivery fees and creates an exemption from the fees for small and new businesses. The sponsors answered several committee questions. 02:09:51 PM Laura Williams, representing Martin Marietta Materials, testified in support of the bill. Mr. Kelly Sloan, representing the Westminster Chamber, testified in support of the bill. Andy Archer, representing the Automated Business Products of Colorado, testified in support of the bill. Mr. Tony Gagliardi, representing the National Federation of Independent Business (NFIB), testified in support of the bill. Mr. Matthew Groves, representing the Colorado Auto Dealers Association, testified in support of the bill. Josh Pens, representing the Department of Revenue, was available to answer committee questions. 02:20:49 PM Written testimony may be found in Attachment A. 02:25:33 PM Motion Refer Senate Bill 23-143 to the Committee on Appropriations. Moved Kolker Seconded Hansen Yes Priola Yes Simpson Yes Smallwood Yes Van Winkle Yes Kolker Yes Mullica Yes Final YES: 7 NO: 0 EXC: 0 ABS: 0 FINAL ACTION: PASS SB23-104 - Committee Discussion Only 02:25:47 PM The chair laid Senate Bill 23-104 to a future date. SB23-066 - Referred to Senate Appropriations 02:26:27 PM Sens. Simpson and Hansen introduced Senate Bill 23-066. The bill extends the Advanced Industry Acceleration Program in the Office of Economic Development and International Trade by ten years. The sponsor answered several committee questions. 02:27:13 PM Mrs. Mary Austin, representing the Colorado cleantech industries Association, testified in support of the bill. Ms. Elyse Blazevich, representing the Colorado BioScience Association, testified in support of the bill. Rama Haris, representing the Office of Economic Development and International Trade, was available to answer committee questions. 02:37:42 PM Motion Refer Senate Bill 23-066 to the Committee on Appropriations. Moved Simpson Seconded Hansen Yes Priola Yes Simpson Yes Smallwood Yes Van Winkle No Kolker Yes Mullica Yes Final YES: 6 NO: 1 EXC: 0 ABS: 0 FINAL ACTION: PASS SB23-016 - Amended, referred to Senate Appropriations Attachment Tag File Name Attachment http://www2.leg.state.co.us/CLICS/CLICS2023A/commsumm.nsf/0/396B5BD2BD28...$File/Attachment B Merged.pdf?OpenElement Attachment B Merged.pdf Attachment http://www2.leg.state.co.us/CLICS/CLICS2023A/commsumm.nsf/0/D626E716F2B2...$File/Attachment C.pdf?OpenElement Attachment C.pdf Attachment http://www2.leg.state.co.us/CLICS/CLICS2023A/commsumm.nsf/0/EE429500E5E6...$File/Attachment D.pdf?OpenElement Attachment D.pdf Attachment http://www2.leg.state.co.us/CLICS/CLICS2023A/commsumm.nsf/0/8CB87316394D...$File/Attachment E.pdf?OpenElement Attachment E.pdf Attachment http://www2.leg.state.co.us/CLICS/CLICS2023A/commsumm.nsf/0/003A70AA7651...$File/Attachment F.pdf?OpenElement Attachment F.pdf 02:37:54 PM Senator Hansen introduced Senate Bill 23-016. The bill creates a state income tax credit for new, electric-powered lawn equipment; requires the Public Employeesâ Retirement Association and insurance companies to study climate risks to their investment portfolios; authorizes the Department of Natural Resources to regulate Class VI injection wells; updates the stateâs greenhouse gas emissions reduction goals; and commissions a study on electric transmission capacity. The sponsor answered committee questions. 02:42:41 PM Written testimony may be found in Attachment B. 02:43:13 PM Mr. Gary McMurtrey, representing themself, testified in opposition to the bill. Ron Baker, representing the Colorado Public Employees' Retirement Association (PERA), testified to amend the bill. Reagan Shane, representing Colorado Counties, Inc., testified to amend the bill. 02:48:10 PM Mr. Brett Fleishman, representing Boulder County, testified in support of the bill. Moshe Kornfeld, representing Colorado Jewish Climate Action, testified in support of the bill. Giselle Herzfeld, representing 350 Colorado, testified in support of the bill. Ms. Melissa Katz, representing Colorado Jewish Climate Action, testified in support of the bill. The witnesses answered several committee questions. 03:12:23 PM Erin Bertoli, representing Metro Water Recovery, testified in support of the bill. Heidi Leathwood, representing 350 Colorado, testified in support of the bill. Ms. Carol Angel, representing themself, testified in support of the bill. Devon Reynolds, representing themself, testified in support of the bill. 03:19:27 PM Brad Segal, representing themself, testified in support of the bill. Ms. Kathy Kilmer, representing Earth Keepers of St. Andrew United Methodist Church, Highlands Ranch, testified in support of the bill. Ms. Sally Dowiatt, representing themself, testified in support of the bill. 03:33:05 PM The committee took a short recess. Former Senator Mike Foote, representing 350 Colorado, testified in support of the bill. Katie Schneer, representing the Environmental Defense Fund, testified in support of the bill. The witnesses answered several committee questions. 04:02:30 PM Committee discussion with the witnesses continued. 04:13:06 PM Ms. Madhvi Chittoor, representing Madhvi3EcoEthics, testified in support of the bill. Evan Freirich, representing themself, testified in favor of the bill. 04:22:44 PM Motion Adopt amendment L.004 (Attachment C) Moved Hansen Seconded Hansen Priola Simpson Smallwood Van Winkle Kolker Mullica YES: 0 NO: 0 EXC: 0 ABS: 0 FINAL ACTION: Pass Without Objection 04:23:14 PM Motion Adopt amendment L.010 (Attachment D) Moved Hansen Seconded Hansen Priola Simpson Smallwood Van Winkle Kolker Mullica YES: 0 NO: 0 EXC: 0 ABS: 0 FINAL ACTION: Pass Without Objection 04:23:47 PM Motion Adopt amendment L.014 (Attachment E) Moved Hansen Seconded Hansen Priola Simpson Smallwood Van Winkle Kolker Mullica YES: 0 NO: 0 EXC: 0 ABS: 0 FINAL ACTION: Pass Without Objection 04:27:56 PM Motion Adopt amendment L.008 (Attachment F) Moved Kolker Seconded Hansen No Priola No Simpson Yes Smallwood Yes Van Winkle Yes Kolker Yes Mullica Yes YES: 5 NO: 2 EXC: 0 ABS: 0 FINAL ACTION: PASS 04:28:39 PM Motion Refer Senate Bill 23-016, as amended, to the Committee on Appropriations. Moved Hansen Seconded Hansen Yes Priola Yes Simpson No Smallwood No Van Winkle No Kolker Yes Mullica Yes Final YES: 4 NO: 3 EXC: 0 ABS: 0 FINAL ACTION: PASS 04:38:11 PM The committee adjourned.