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H_FIN_2022A 04/14/2022 12:40:25 PM Committee Summary

PUBLIC
STAFF SUMMARY OF MEETING
HOUSE COMMITTEE ON FINANCE
Date 04/14/2022
Attendance
Benavidez X
Daugherty X
Kipp X
Larson X
Luck *
Michaelson Jenet X
Sandridge X
Soper *
Tipper *
Snyder *
Bird X
Time 12:40:25 PM to 02:15:41 PM
Place HCR 0112
This Meeting was called to order by Bird
This Report was prepared by Jessika Shipley
Hearing Items Action Taken
HB22-1233 Amended, referred to House Appropriations
HB22-1119 Amended, referred to House Appropriations
HB22-1310 Referred to House Appropriations
HB22-1320 Amended, referred to House Appropriations

HB22-1233 - Amended, referred to House Appropriations

12:40:36 PM  

Representatives Lontine and Soper returned to the committee to address House Bill 22-1233.  The bill was originally heard before the committee on Monday, April 11.  Amendments L.010 (Attachment A), L.011 (Attachment B), and L.012 (Attachment C) were distributed.  Representative Lontine explained L.010.

12:48:19 PM  
Representative Daugherty explained L.012, which is a substitute for L.010.
12:52:00 PM  
The committee discussed the competing amendments.


01:15:15 PM
Motion Adopt amendment L.012 (Attatchment C).
Moved Daugherty
Seconded Kipp
Benavidez Yes
Daugherty Yes
Kipp No
Larson Yes
Luck No
Michaelson Jenet Yes
Sandridge Yes
Soper No
Tipper No
Snyder No
Bird No
YES: 5   NO: 6   EXC: 0   ABS:  0   FINAL ACTION:  FAIL


01:17:27 PM
Motion Adopt amendment L.011 (Attachment B).
Moved Soper
Seconded Kipp
Benavidez
Daugherty
Kipp
Larson
Luck
Michaelson Jenet
Sandridge
Soper
Tipper
Snyder
Bird
YES: 0   NO: 0   EXC: 0   ABS:  0   FINAL ACTION:  Withdrawn


01:18:40 PM
Motion Adopt amendment L.010 (Attachment A).
Moved Soper
Seconded Kipp
Benavidez No
Daugherty No
Kipp Yes
Larson No
Luck No
Michaelson Jenet No
Sandridge Yes
Soper Yes
Tipper Yes
Snyder Yes
Bird Yes
YES: 6   NO: 5   EXC: 0   ABS:  0   FINAL ACTION:  PASS
01:18:47 PM  
The sponsors made
closing remarks.
01:21:12 PM  
Members of the committee commented on their positions on the bill.


01:23:54 PM
Motion Refer House Bill 22-1233, as amended, to the Committee on Appropriations.
Moved Soper
Seconded Kipp
Benavidez No
Daugherty Yes
Kipp Yes
Larson No
Luck Yes
Michaelson Jenet Yes
Sandridge No
Soper Yes
Tipper Yes
Snyder Yes
Bird Yes
Final YES: 8   NO: 3   EXC: 0   ABS:  0   FINAL ACTION:  PASS



HB22-1119 - Amended, referred to House Appropriations


01:24:08 PM  

Representative Gray, prime sponsor, presented House Bill 22-1119. The bill establishes penalties, procedures, and limitations regarding any individual who defrauds the state, a county, or a municipality.

01:27:53 PM  
Mrs. Victoria Edwards, representing the Colorado Chamber of Commerce, testified in a neutral position on the bill.
01:29:17 PM  
Steve Kaufmann, representing
the Department of Law, testified in support of the bill.
01:29:51 PM  

Jan Zavislan, representing the Department of Law, testified in support of the bill.

01:31:15 PM  
Amendments L.006
(Attachment D) and L.007 (Attachment E) were distributed to the committee.


01:33:35 PM
Motion Adopt amendment L.006 (Attachment D).
Moved Snyder
Seconded Kipp
Benavidez
Daugherty
Kipp
Larson
Luck
Michaelson Jenet
Sandridge
Soper
Tipper
Snyder
Bird
YES: 0   NO: 0   EXC: 0   ABS:  0   FINAL ACTION:  Pass Without Objection


01:35:13 PM
Motion Adopt amendment L.007 (Attachment E).
Moved Snyder
Seconded Kipp
Benavidez
Daugherty
Kipp
Larson
Luck
Michaelson Jenet
Sandridge
Soper
Tipper
Snyder
Bird
YES: 0   NO: 0   EXC: 0   ABS:  0   FINAL ACTION:  Pass Without Objection


01:37:47 PM
Motion Refer House Bill 22-1119, as amended, to the Committee on Appropriations.
Moved Snyder
Seconded Tipper
Benavidez Yes
Daugherty Yes
Kipp Yes
Larson No
Luck No
Michaelson Jenet Yes
Sandridge No
Soper Yes
Tipper Yes
Snyder Yes
Bird Yes
Final YES: 8   NO: 3   EXC: 0   ABS:  0   FINAL ACTION:  PASS



HB22-1310 - Referred to House Appropriations


01:37:59 PM  

Representatives Kipp and Larson, co-sponsors, presented House Bill 22-1310. The bill defines expenditures from a 529 account for certain apprenticeship programs as eligible distributions, and therefore not subject to tax recapture under state law. They provided a fact sheet about the bill (Attachment F) and responded to questions from the committee.

01:41:51 PM  
Ms. Angela Baier, representing CollegeInvest, testified in support of the bill.
01:43:55 PM  
Mr. Joseph Carlson, representing himself, testified in support of the bill.
01:46:13 PM  
The witnesses responded to questions from the committee.
01:54:08 PM  
Mr. Brent Jones,
representing the National Association of Insurance and Financial Advisors,
testified in support of the bill.
01:56:14 PM  
Jeff Stupak, representing Legislative Council Staff, came to the table to respond to questions about the fiscal note.
01:59:21 PM  
The sponsors made closing remarks and asked for a favorable recommendation. Members of the committee commented on their positions on the bill.


02:02:35 PM
Motion Refer House Bill 22-1310 to the Committee on Appropriations.
Moved Kipp
Seconded Larson
Benavidez No
Daugherty Yes
Kipp Yes
Larson Yes
Luck Yes
Michaelson Jenet Yes
Sandridge Yes
Soper Yes
Tipper Yes
Snyder Yes
Bird Yes
Final YES: 10   NO: 1   EXC: 0   ABS:  0   FINAL ACTION:  PASS



HB22-1320 - Amended, referred to House Appropriations


02:02:49 PM  
Representatives Kipp and Larson, co-sponsors, presented House Bill 22-1320. The bill modifies the administration and operation of accounts under the Achieving a Better Life Experience savings program. They distributed a fact sheet (Attachment G) and amendment L.003 (Attachment H).
02:08:30 PM  
Mr. Brent Jones,
representing National Association of Insurance and Financial Advisors (NAIFA-CO),
testified in support of the bill.
02:10:53 PM  
Mr. Mike Keglovits, representing ColoradoABLE, testified in support of the bill.
02:11:21 PM  
The witnesses responded to questions from the committee.


02:13:56 PM
Motion Adopt amendment L.003 (Attachment H).
Moved Larson
Seconded Kipp
Benavidez
Daugherty
Kipp
Larson
Luck
Michaelson Jenet
Sandridge
Soper
Tipper
Snyder
Bird
YES: 0   NO: 0   EXC: 0   ABS:  0   FINAL ACTION:  Pass Without Objection


02:15:22 PM
Motion Refer House Bill 22-1320, as amended, to the Committee on Appropriations.
Moved Kipp
Seconded Larson
Benavidez No
Daugherty Yes
Kipp Yes
Larson Yes
Luck Yes
Michaelson Jenet Yes
Sandridge Yes
Soper Yes
Tipper Yes
Snyder Yes
Bird Yes
Final YES: 10   NO: 1   EXC: 0   ABS:  0   FINAL ACTION:  PASS


02:15:41 PM   The committee adjourned.






The effective date for bills enacted without a safety clause is August 7, 2024, if the General Assembly adjourns sine die on May 8, 2024, unless otherwise specified. Details