H_FIN_2024A 02/05/2024 01:31:15 PM Committee Summary

Representatives Mauro and Taggart, co-sponsors, presented House Bill 24-1119. The bill requires insurance premium taxes, surplus lines taxes, and other associated state-specific insurance tax filings to be filed through a secure web-based application identified by the Division of Interest. They provided a fact sheet about the bill (Attachment A).

Cindy Hathaway, representing the Colorado Division of Insurance, was available to answer committee questions.

The chair laid the bill over for action only at a later date.

Representatives Hamrick and Taggart, co-sponsors, presented House Bill 24-1044. The bill expands the number of service retirees that school districts may hire while still being eligible for pension benefits. They provided a fact sheet to the committtee (Attachment B).

The bill sponsors responded to questions from the committee.

Mr. Michael Steppat, representing Colorado Public Employees Retirement Association (PERA), testified to amend the bill.

Mr. Drew Adams, representing Adams 14 School District, testified to amend the bill.

The witnesses responded to questions from the committee.

The committee continued to question Mr. Steppat.

Mr. Todd Fukai, representing the Colorado Association of School Personnel Administrators and St. Vrain Valley Schools, testified in support of the bill.

Ms. Amanda Thompson, representing Douglas County School District and Colorado Association of School Personnel Administrators, testified in support of the bill.

Mr. Michael Clow, representing 27J Schools, testified in support of the bill.

Ms. Jamie Davis, representing Canon City Schools, testified in support of the bill.

The witnesses responded to questions from the committee.

The committee continued to discuss the bill with the witnesses.  Written testimony about the bill is included as Attachment C.

The bill sponsors made closing remarks.

Representative Winter, prime sponsor, presented House Bill 24-1027. The bill exempts baby and toddler products from the state sales tax beginning in 2025 and, for four specified weeks during 2025 only, exempts back-to-school items from the state sales tax. He provided amendment L.001 (Attachment D) and responded to questions from the committee.

Caroline Nutter, representing the Colorado Fiscal Institute, testified in opposition to the bill.

The witnesses responded to questions from the committee.

Representative Winter made closing comments and asked for a favorable recommendation.

Members of the committee commented about their positions on the bill.

Representatives deGruy Kennedy and Frizzel, co-sponsors, presented House Bill 24-1179. The bill requires county assessors to prepare an updated abstract of assessment for the 2023 property tax year and file a copy of that abstract and related information with the Division of Property Taxation.

Ms. JoAnn Groff, representing the Division of Property Taxation in the Department of Local Affairs, testified in support of the bill.