Colorado General AssemblyToggle Main Menu
Agency NameToggle Agency Menu

I_LOCC_TPTF_2023A 09/13/2023 10:06:54 AM Committee Summary

PUBLIC
STAFF SUMMARY OF MEETING
INTERIM COMMITTEE  LEGISLATIVE OVERSIGHT COMMITTEE CONCERNING TAX POLICY & TASK FORCE
Date 09/13/2023
Attendance
Frizell X
Kolker X
Liston E
Marshall X
Hansen X
Weissman X
Time 10:06:54 AM to 12:19:20 PM
Place HCR 0112
This Meeting was called to order by Weissman
This Report was prepared by Katie Ruedebusch
Hearing Items Action Taken
Presentation from the Cato Institute Committee Discussion Only
Public Testimony Committee Discussion Only
Bill Draft Requests Committee Discussion Only

Presentation from the Cato Institute - Committee Discussion Only
10:07:37 AM  

The Chair discussed the day's agenda.

10:08:01 AM  
Dr. Mark Calabria,
Senior Advisor with the Cato Institute, presented to the committee on the
unique challenges facing Colorado related to housing policy.  His
remarks may be found in Attachment A.
10:14:24 AM  

He continued by discussing several principles including minimizing the use of intermediaries, understanding the housing marketplace, that housing behaves in a boom-and-bust manner, urban bias, and other topics.
10:18:43 AM  
He continued by discussing
Colorado's use of federal and/or state land for housing.
10:23:06 AM  

Dr. Calabria discussed options such as making tax credits more flexible, income targeting, local land use regulations, tax treatment of rental income, and other topics.
10:24:44 AM  
He wrapped up by discussing the federal and Colorado housing markets.
10:29:41 AM  

Committee discussion ensued with Dr. Calabria.
10:47:39 AM  

Committee discussion continued on land use, tenant protections, renter tax credits, short-term rentals, and other topics.



Public Testimony - Committee Discussion Only



Bill Draft Requests - Committee Discussion Only
10:56:44 AM  
Mr. Pierce Lively and Mr. Jed Franklin, Office of Legislative Legal Services, came to the table to discuss the interim bill process.
11:04:39 AM  

Committee discussion on bill drafts continued.


11:47:09 AM
 Motion Draft a bill related to repeal of unused tax expenditures
Moved Marshall
Seconded Kolker
Frizell
Kolker
Liston Excused
Marshall
Hansen
Weissman
YES: 0   NO: 0   EXC: 1   ABS:  0   FINAL ACTION:  Pass Without Objection


11:48:24 AM
 Motion Draft a bill related to Tyler v. Hennepin and tax lien sales
Moved Frizell
Seconded Marshall
Frizell
Kolker
Liston Excused
Marshall
Hansen
Weissman
YES: 0   NO: 0   EXC: 1   ABS:  0   FINAL ACTION:  Pass Without Objection


11:50:04 AM
 Motion Draft a bill related to the income tax credit for long-term health care premiums
Moved Kolker
Seconded Hansen
Frizell
Kolker
Liston Excused
Marshall
Hansen
Weissman
YES: 0   NO: 0   EXC: 1   ABS:  0   FINAL ACTION:  Pass Without Objection


11:52:47 AM
 Motion Draft a bill to extend state EITC by three years
Moved Weissman
Seconded Hansen
Frizell
Kolker
Liston Excused
Marshall
Hansen
Weissman
YES: 0   NO: 0   EXC: 1   ABS:  0   FINAL ACTION:  Pass Without Objection


11:54:22 AM
 Motion Draft a bill related the creation of a permanent fund related to the severance tax
Moved Hansen
Seconded Weissman
Frizell
Kolker
Liston Excused
Marshall
Hansen
Weissman
YES: 0   NO: 0   EXC: 1   ABS:  0   FINAL ACTION:  Pass Without Objection


11:57:44 AM
 Motion Draft a bill concerning modifications to short-term rental definitions with respect to property tax
Moved Hansen
Seconded Frizell
Frizell
Kolker
Liston Excused
Marshall
Hansen
Weissman
YES: 0   NO: 0   EXC: 1   ABS:  0   FINAL ACTION:  Pass Without Objection


12:19:20 PM   The committee adjourned.






Colorado legislature email addresses ending in @state.co.us are no longer active. Please replace @state.co.us with @coleg.gov for Colorado legislature email addresses. Details

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