|
PUBLIC
STAFF SUMMARY OF MEETING
SENATE COMMITTEE ON FINANCE
| Date |
02/29/2024 |
| Attendance |
| Buckner |
X |
| Hansen |
X |
| Simpson |
X |
| Smallwood |
X |
| Van Winkle |
* |
| Kolker |
X |
| Mullica |
X |
|
| Time |
09:50:39 AM to 11:16:45 AM |
| Place |
SCR 357 |
| This Meeting was called to order by |
Mullica |
| This Report was prepared by |
Matthew Becker |
|
| Hearing Items |
Action Taken |
| hHB24-1041 |
Referred to Senate Appropriations |
| hHB24-1053 |
Referred to Senate Appropriations |
| hSB24-102 |
Postponed Indefinitely |
| hSB24-123 |
Amended, referred to Senate Appropriations |
|
|
HB24-1041 - Referred to Senate Appropriations
|
|
|
09:51:11 AM |
Senators Van Winkle
and Bridges, co-prime sponsors, presented House Bill 24-1041, which allows
the Department of Revenue to increase sales and use tax tax filing thresholds.
|
|
09:52:46 AM |
Ms. Pam Feely, representing Simplify Sales Tax Colorado, testified in support of the bill.
|
|
09:55:11 AM |
Michael Gifford, representing Associated General Contractors, testified in support of the bill.
|
09:57:23 AM
|
Motion |
Refer House Bill 24-1041 to the Committee on Appropriations. |
|
| Moved |
Kolker |
|
| Seconded |
|
|
|
|
|
|
Buckner |
Yes |
|
|
Hansen |
Yes |
|
|
Simpson |
Yes |
|
|
Smallwood |
Yes |
|
|
Van Winkle |
Excused |
|
|
Kolker |
Yes |
|
|
Mullica |
Yes |
|
|
Final |
YES: 6 NO: 0 EXC: 1 ABS: 0 FINAL ACTION: PASS |
|
|
HB24-1053 - Referred to Senate Appropriations
|
|
|
09:57:59 AM |
Senators Hansen and
Liston, co-prime sponsors, presented Houdr Bill 24-1053, which modifies
the duties of the State Auditor related to evaluating tax expenditures,
requires that the auditor evaluate the use of federal taxable income as
the basis for state taxable income and the impact of federal tax law changes,
and extends the Legislative Oversight Committee Concerning Tax Policy
and associated task force.
|
10:02:07 AM
|
Motion |
Refer House Bill 24-1053 to the Committee on Appropriations. |
|
| Moved |
Hansen |
|
| Seconded |
|
|
|
|
|
|
Buckner |
Yes |
|
|
Hansen |
Yes |
|
|
Simpson |
Yes |
|
|
Smallwood |
Yes |
|
|
Van Winkle |
Excused |
|
|
Kolker |
Yes |
|
|
Mullica |
Yes |
|
|
Final |
YES: 6 NO: 0 EXC: 1 ABS: 0 FINAL ACTION: PASS |
|
|
SB24-102 - Postponed Indefinitely
|
|
|
10:02:16 AM |
Senator Sullivan,
prime sponsor, presented Senate Bill 24-102, which reduces taxation of
premium cigars to 40 percent of the manufacturerâs list price.
|
|
10:04:21 AM |
Josh Pens, representing the Colorado Department of Revenue, responded to committee questions.
|
|
10:23:44 AM |
Mr. Jimmy Hargrove, representing themself, testified in support of the bill.
|
|
10:38:56 AM |
Eric Heydorn, representing American heart association, testified in opposition to the bill.
|
|
10:40:47 AM |
Mr. Nick Torres, representing American Lung Association, testified in opposition to the bill.
|
|
10:45:30 AM |
Mr. RJ Ours, representing American Cancer Society Cancer Action Network, testified in opposition to the bill.
|
|
10:48:07 AM |
Mr. Glynn Loope, representing Premium Cigar Association, testified in support of the bill.
|
|
10:51:20 AM |
Mr. Torres responded to committee questions.
|
11:02:35 AM
|
Motion |
Adopt amendment L.001 (Attachment A). |
|
| Moved |
Smallwood |
|
| Seconded |
|
|
|
|
|
|
Buckner |
|
|
|
Hansen |
|
|
|
Simpson |
|
|
|
Smallwood |
|
|
|
Van Winkle |
|
|
|
Kolker |
|
|
|
Mullica |
|
|
|
|
YES: 0 NO: 0 EXC: 0 ABS: 0 FINAL ACTION: Pass Without Objection |
|
|
|
11:06:55 AM |
Senator Sullivan provided closing comments on the bill.
|
11:11:15 AM
|
Motion |
Refer Senate Bill 24-102, as amended, to the Committee on Appropriations. |
|
| Moved |
Kolker |
|
| Seconded |
|
|
|
|
|
|
Buckner |
No |
|
|
Hansen |
No |
|
|
Simpson |
Yes |
|
|
Smallwood |
Yes |
|
|
Van Winkle |
Yes |
|
|
Kolker |
No |
|
|
Mullica |
No |
|
|
|
YES: 3 NO: 4 EXC: 0 ABS: 0 FINAL ACTION: FAIL |
|
|
11:11:31 AM
|
Motion |
Postpone Senate Bill 24-102 indefinitely using a reversal of the previous roll call. There was no objection to the use of the reverse roll call, therefore, the bill was postponed indefinitely. |
|
| Moved |
Kolker |
|
| Seconded |
|
|
|
|
|
|
Buckner |
Yes |
|
|
Hansen |
Yes |
|
|
Simpson |
No |
|
|
Smallwood |
No |
|
|
Van Winkle |
No |
|
|
Kolker |
Yes |
|
|
Mullica |
Yes |
|
|
Final |
YES: 4 NO: 3 EXC: 0 ABS: 0 FINAL ACTION: PASS |
|
|
SB24-123 - Amended, referred to Senate Appropriations
|
|
11:14:30 AM
|
Motion |
Adopt amendment L.003 (Attachment B). |
|
| Moved |
Hansen |
|
| Seconded |
|
|
|
|
|
|
Buckner |
|
|
|
Hansen |
|
|
|
Simpson |
|
|
|
Smallwood |
|
|
|
Van Winkle |
|
|
|
Kolker |
|
|
|
Mullica |
|
|
|
|
YES: 0 NO: 0 EXC: 0 ABS: 0 FINAL ACTION: Pass Without Objection |
|
|
|
11:14:31 AM |
The committee heard testimony on Senate
Bill 24-123 on February 22, 2024.
|
11:15:47 AM
|
Motion |
Adopt amendment L.004 (Attachment C). |
|
| Moved |
Hansen |
|
| Seconded |
|
|
|
|
|
|
Buckner |
|
|
|
Hansen |
|
|
|
Simpson |
|
|
|
Smallwood |
|
|
|
Van Winkle |
|
|
|
Kolker |
|
|
|
Mullica |
|
|
|
|
YES: 0 NO: 0 EXC: 0 ABS: 0 FINAL ACTION: Pass Without Objection |
|
|
11:16:34 AM
|
Motion |
Refer Senate Bill 24-123, as amended, to the Committee on Appropriations. |
|
| Moved |
Hansen |
|
| Seconded |
|
|
|
|
|
|
Buckner |
Yes |
|
|
Hansen |
Yes |
|
|
Simpson |
No |
|
|
Smallwood |
No |
|
|
Van Winkle |
No |
|
|
Kolker |
Yes |
|
|
Mullica |
Yes |
|
|
Final |
YES: 4 NO: 3 EXC: 0 ABS: 0 FINAL ACTION: PASS |
|
|
| 11:16:45 AM |
The committee adjourned. |
