014A678199CCB9B687258BC70058645B Hearing Summary CLICS/CLICS2024A/commsumm.nsf PUBLICBILL SUMMARY For OSA ADDITIONAL TAX EXPENDITURES & TAX TOPICSINTERIM COMMITTEE LEGISLATIVE OVERSIGHT COMMITTEE CONCERNING TAX POLICY & TASK FORCEDate Oct 31, 2024 Location HCR 0107 OSA Additional Tax Expenditures & Tax Topics - Committee Discussion Only Attachment Tag File Name Attachment A https://www.leg.state.co.us/CLICS/CLICS2024A/commsumm.nsf/0/BF7AF90B29F1...$File/Attachment A.pdf?OpenElement Attachment A.pdf 10:05:31 AM Vice-Chair Weissman called the meeting to order and discussed the business of the day. 10:05:51 AM Mr. James Taurman, Mr. Trey Standley, and Ms. Michelle Colin, representing the Office of the State Auditor (OSA), highlighted the additional tax expenditures and tax topics that the OSA may provide to the committee. They provided a memorandum to the committee in July (Attachment A). 10:09:11 AM The committee discussed tax policy and expenditures related to sustainable aviation fuel, business incentives in tax policy, and the utilization of tax expenditures. 10:24:02 AM Motion Move that the Legislative Oversight Committee Concerning Tax Policy task the Office of the State Auditor with studying two tax topics: business incentives in tax policy and review of best practices for how a state can best promote tax incentives. Moved Weissman Seconded Frizell Liston Marshall Mullica Weissman Hansen Excused YES: 0 NO: 0 EXC: 1 ABS: 0 FINAL ACTION: Pass Without Objection 10:32:16 AM Committee discussed several tax expenditure reviews such as sustainable fuels and downloadable software. The committee also discussed taxpayers that may qualify for multiple tax credits. 10:37:04 AM Motion Move that the Office of the State Auditor review the tax expenditures related to sustainable aviation fuel. Moved Marshall Seconded Frizell Liston Marshall Mullica Weissman Hansen Excused YES: 0 NO: 0 EXC: 1 ABS: 0 FINAL ACTION: Pass Without Objection 10:37:36 AM Motion Move that the Office of the State Auditor review the tax expenditure related to downloadable software. Moved Weissman Seconded Frizell Liston Marshall Mullica Weissman Hansen Excused YES: 0 NO: 0 EXC: 1 ABS: 0 FINAL ACTION: Pass Without Objection
