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h_fin_2017a_2017-02-01t10:13:31z0 Hearing Summary

Date: 02/01/2017

Location: LSB A

Final

BILL SUMMARY for HB17-1016



HOUSE COMMITTEE ON FINANCE


Votes: View--> Action Taken:
Refer House Bill 17-1016 to the Committee of the W PASS







10:14 AM -- HB17-1016



The committee was called to order. A quorum was present. Representatives Saine and Gray, co-prime sponsors, presented House Bill 17-1016, which allows the governing body of a municipality to exclude the valuation of mineral extraction from the calculation of the tax increment financing (TIF) of an urban renewal authority (URA). If a municipality elects to exclude this value, property taxes collected on mineral extraction in the URA are distributed to each taxing authority as if the approved urban renewal plan is not in effect. Representatives Saine and Gray responded to questions from the committee about the bill and about the amendment adopted by the Senate Local Government Committee.



10:25 AM --
Mr. Michael Valdez, representing the Special Districts Association, testified in support of the bill.



10:27 AM --
Mr. Eric Sutherland, representing himself as a parent, testified in opposition to the bill. Mr. Sutherland, Representative Gray, and Representative Saine addressed questions and comments from the committee.





10:45 AM



Representatives Gray and Saine made closing remarks about the bill. Members of the committee commented on merits of the bill and on issues surrounding the use of TIF and URAs.

BILL: HB17-1016
TIME: 10:50:12 AM
MOVED: Gray
MOTION: Refer House Bill 17-1016 to the Committee of the Whole. The motion passed on a vote of 12-1.
SECONDED: Kennedy
VOTE
Beckman
Yes
Benavidez
Yes
Catlin
No
Covarrubias
Yes
Gray
Yes
Herod
Yes
Kennedy
Yes
Lawrence
Yes
Michaelson Jenet
Yes
Thurlow
Yes
Van Winkle
Yes
Foote
Yes
Pabon
Yes
Final YES: 12 NO: 1 EXC: 0 ABS: 0 FINAL ACTION: PASS












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