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S_FIN_2022A 02/23/2022 01:32:18 PM Committee Summary

PUBLIC
STAFF SUMMARY OF MEETING
SENATE COMMITTEE ON FINANCE
Date 02/23/2022
Attendance
Donovan X
Hisey X
Lee X
Priola X
Scott *
Winter *
Bridges X
Time 01:32:18 PM to 03:47:52 PM
Place Old Supreme Court
This Meeting was called to order by Bridges
This Report was prepared by Katie Ruedebusch
Hearing Items Action Taken
Conf 22-Governmental Accounting — Advisory Committee On Favorably Refer to Full Senate - Consent Calendar
SB22-117 Committee Discussion Only
SB22-124 Amended, referred to Senate Appropriations
SB22-040 Amended, referred to Senate Appropriations
SB22-081 Amended, referred to Senate Appropriations

Conf 22-Governmental Accounting — Advisory Committee On - Favorably Refer to Full Senate - Consent Calendar
01:32:35 PM  
Ms. Anne Penney, Ms. Gina Lanier, and Ms. Stephanie Corbo introduced themselves and discussed their qualifications to serve on the advisory committee.


01:40:24 PM
 Motion Refer the appointment of Gina Lanier, Stephanie Corbo, Annie Penney to the Advisory Committee On Governmental Accounting — to the full Senate with a favorable recommendation and with a recommendation that it be placed on the consent calendar.
Moved Winter
Seconded
Donovan Yes
Hisey Yes
Lee Yes
Priola Yes
Scott Yes
Winter Yes
Bridges Yes
Final YES: 7   NO: 0   EXC: 0   ABS:  0   FINAL ACTION:  PASS



SB22-117 - Committee Discussion Only
01:40:44 PM  
Sens. Coram and Fields
introduced Senate Bill 22-117.  The bill adds a definition of gross
receipts to statute that stipulates when money is received by a licensee
from an out-of-state simulcast facility, gross receipts is the amount received
after the out-of-state facility has deducted costs, signal fees, and taxes
that it pays to its regulatory and taxing authorities.  The sponsors
answered several committee questions.  Written testimony may be found
in Attachment A.  
01:42:31 PM  
Mr. James Mulvihill,
representing the Colorado Horse Racing Association, testified in opposition
to the bill.  Mr. Howie Chavers, representing the Rocky Mountain Quarter
Horse Association, testified in opposition to the bill.  Ms. Kim Oliver,
representing the Colorado Horse Racing Association, testified in opposition
to the bill.
01:50:49 PM  
Mr. Reid Jenkins, representing himself, testified in support of the bill. Mr. Tom Downey, representing Arapahoe Park, testified in support of the bill.
02:22:57 PM  
Committee discussion ensued with several witnesses.
02:30:48 PM  
Mr. Shannon Rushton, representing Bally’s Arapahoe Park, testified in support of the bill. Mr. Bruce Seymore, representing Bally’s Arapahoe Park, testified in support of the bill.
02:35:01 PM  
Sen. Coram gave some
closing comments.  The bill was laid over for action only to a future
date.



SB22-124 - Amended, referred to Senate Appropriations

02:48:26 PM  
Sens. Woodward and
Kolker introduced Senate Bill 22-124.  The bill allows pass-through
businesses to elect to retroactively pay their state income tax at the
entity level, rather than the individual level, beginning in tax year 2018.
 The sponsors answered some committee questions.  Written testimony
may be found in Attachment B.
03:01:52 PM  
Mr. Phil Horwitz,
representing himself, testified in support of the bill. Mr. Raymond Gonzales,
representing the Denver Metro Chamber of Commerce, testified in support
of the bill.
03:08:43 PM  
Ms. Amber Egbert,
representing the Colorado Department of Revenue, testified in a neutral
position on the bill.  She answered several committee questions.
03:09:18 PM  
Sens. Woodward and
Kolker discussed some possible amendments and provided closing comments.


03:16:22 PM
 Motion Adopt amendment L.001 (Attachment C)
Moved Winter
Seconded
Donovan
Hisey
Lee
Priola
Scott
Winter
Bridges
YES: 0   NO: 0   EXC: 0   ABS:  0   FINAL ACTION:  Pass Without Objection


03:17:08 PM
 Motion Adopt amendment L.002 (Attachment D)
Moved Winter
Seconded
Donovan
Hisey
Lee
Priola
Scott
Winter
Bridges
YES: 0   NO: 0   EXC: 0   ABS:  0   FINAL ACTION:  Pass Without Objection


03:19:37 PM
 Motion Refer Senate Bill 22-124, as amended, to the Committee on Appropriations.
Moved Winter
Seconded
Donovan Yes
Hisey Yes
Lee Yes
Priola Yes
Scott Yes
Winter Yes
Bridges Yes
Final YES: 7   NO: 0   EXC: 0   ABS:  0   FINAL ACTION:  PASS



SB22-040 - Amended, referred to Senate Appropriations

03:19:49 PM  
Sens. Smallwood and
Winter introduced Senate Bill 22-040.  The bill creates a process
for actuarial review of proposed legislation that may create a new health
benefit mandate on health insurance plans.  The sponsors answered
some committee questions and discussed various amendments.  Written
testimony may be found in Attachment E.
03:21:04 PM  
Ms. Bethany Pray, representing the Colorado Center on Law and Policy, testified to amend the bill. Mr. Jason Hopfer, representing the Colorado Association of Health Plans, testified to amend the bill.
03:32:34 PM  
Mr. Stuart Jenkins, representing Healthier Colorado, testified in support of the bill. Mr. Michael Conway, representing the Division of Insurance, testified in support of the bill.


03:39:08 PM
 Motion Adopt amendment L.002 (Attachment F)
Moved Winter
Seconded
Donovan
Hisey
Lee
Priola
Scott
Winter
Bridges
YES: 0   NO: 0   EXC: 0   ABS:  0   FINAL ACTION:  Pass Without Objection


03:39:52 PM
 Motion Adopt amendment L.005 (Attachment G)
Moved Winter
Seconded
Donovan
Hisey
Lee
Priola
Scott
Winter
Bridges
YES: 0   NO: 0   EXC: 0   ABS:  0   FINAL ACTION:  Pass Without Objection


03:40:17 PM
 Motion Adopt amendment L.006 (Attachment H)
Moved Winter
Seconded
Donovan
Hisey
Lee
Priola
Scott
Winter
Bridges
YES: 0   NO: 0   EXC: 0   ABS:  0   FINAL ACTION:  Pass Without Objection


03:41:36 PM
 Motion Refer Senate Bill 22-040, as amended, to the Committee on Appropriations.
Moved Winter
Seconded
Donovan Yes
Hisey Yes
Lee Yes
Priola Yes
Scott Yes
Winter Yes
Bridges Yes
Final YES: 7   NO: 0   EXC: 0   ABS:  0   FINAL ACTION:  PASS



SB22-081 - Amended, referred to Senate Appropriations
03:41:46 PM  
Sens. Smallwood and Donovan introduced Senate Bill 22-081. The bill requires the Board of the Colorado Health Benefit Exchange to create and implement a public awareness and education campaign to inform consumers about health-care coverage options. The sponsors answered some committee questions.
03:44:10 PM  
Mr. Benjamin Teevan,
representing Craig Hospital, testified in support of the bill.  Ms.
Rachel Reiter, representing the Colorado Department of Health Care Policy
& Financing, testified in support of the bill.


03:46:25 PM
 Motion Adopt amendment L.007 (Attachment I)
Moved Donovan
Seconded
Donovan
Hisey
Lee
Priola
Scott
Winter
Bridges
YES: 0   NO: 0   EXC: 0   ABS:  0   FINAL ACTION:  Pass Without Objection


03:47:00 PM
 Motion Refer Senate Bill 22-081, as amended, to the Committee on Appropriations.
Moved Donovan
Seconded
Donovan Yes
Hisey Yes
Lee Yes
Priola Yes
Scott Yes
Winter Yes
Bridges Yes
Final YES: 7   NO: 0   EXC: 0   ABS:  0   FINAL ACTION:  PASS


03:47:52 PM   The committee adjourned.






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