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S_FIN_2023A 03/23/2023 11:29:05 AM Committee Summary

PUBLIC
STAFF SUMMARY OF MEETING
SENATE COMMITTEE ON FINANCE
Date 03/23/2023
Attendance
Priola X
Simpson *
Smallwood X
Van Winkle X
Winter F. X
Kolker X
Mullica X
Time 11:29:05 AM to 12:48:35 PM
Place SCR 357
This Meeting was called to order by Mullica
This Report was prepared by Katie Ruedebusch
Hearing Items Action Taken
SB23-175 Referred to the Committee of the Whole
SB23-196 Referred to Senate Appropriations

SB23-175 - Referred to the Committee of the Whole

11:29:18 AM  
Sens. Jaquez Lewis and Rich introduced Senate Bill 23-175. The bill creates automatic and recurring 20-year extension periods for property tax increment financing arrangements for downtown development authorities. The sponsors answered committee questions.
11:36:47 AM  
Mrs. Gini Pingenot,
representing Colorado Counties Inc, testified to amend the bill.  Former
Commissioner Dave Paul, representing themself, testified to amend the bill.
 Commissioner Cody Davis, representing Mesa County, testified to amend
the bill.  Commissioner Scott James, representing Colorado Counties,
Inc, testified to amend the bill.  The witnesses answered several
committee questions.
11:49:31 AM  
Mr. Matt Robenalt, representing the Fort Collins Downtown Development Authority, testified in support of the bill. Ms. Kimberlee McKee, representing the Longmont Downtown Development Authority, testified in support of the bill. Katherine Correll, representing the Downtown Colorado, Inc. on behalf of the Economic Development Council of Colorado (EDCC), testified in support of the bill. Commissioner Marta Loachamin, representing Boulder County, testified in support of the bill.
11:51:19 AM  
Jaclyn Terwey, representing the Colorado Municipal League, testified in support of the bill. Mayor Joan Peck, representing themself, testified in support of the bill. Mayor Anna Stout, representing the City of Grand Junction, testified in support of the bill. Kevin Tilson, representing themself, testified in support of the bill.
12:09:21 PM  
Ted Zibell, representing
themself, testified in support of the bill. Commissioner Kristin Stephens,
representing themself, testified in support of the bill.  Mr. Nels
Wroe, representing Dry Land Distillers, testified in support of the bill.
 Sean Gafner, representing themself, testified in support of the bill.
 Mr. Cole Hanson, representing The Gear Junction, testified in support
of the bill.  Bill Shrum, representing Downtown Colorado, Inc., testified
in support of the bill.
12:10:06 PM  
Mrs. Bianca Fisher,
representing the Greeley Downtown Development Authority, testified in support
of the bill.  Joe Rowan, representing the Northern Colorado Legislative
Alliance, testified in support of the bill.  Mr. Tony Werckman, representing
the Division of Property Tax, was available to answer committee questions.
12:23:55 PM  
Ms. Kimberlee McKee read the testimony of Mr. Brandon Stam in support of the bill.


12:32:57 PM
 Motion Adopt amendment L.001 (Attachment A)
Moved Priola
Seconded
Priola
Simpson
Smallwood
Van Winkle
Winter F.
Kolker
Mullica
YES: 0   NO: 0   EXC: 0   ABS:  0   FINAL ACTION:  Pass Without Objection


12:34:28 PM
 Motion Adopt amendment L.002 (Attachment B)
Moved Priola
Seconded
Priola
Simpson
Smallwood
Van Winkle
Winter F.
Kolker
Mullica
YES: 0   NO: 0   EXC: 0   ABS:  0   FINAL ACTION:  Pass Without Objection
12:34:41 PM  
The sponsors gave
some closing remarks and asked for a favorable recommendation.


12:39:25 PM
 Motion Refer Senate Bill 23-175 to the Committee of the Whole.
Moved Kolker
Seconded
Priola Yes
Simpson Yes
Smallwood No
Van Winkle No
Winter F. Yes
Kolker Yes
Mullica Yes
Final YES: 5   NO: 2   EXC: 0   ABS:  0   FINAL ACTION:  PASS



SB23-196 - Referred to Senate Appropriations
12:39:34 PM  
Sen. Winter introduced Senate Bill 23-196. The bill extends a state income tax credit for qualified costs incurred while retrofitting a residence for the purpose of improving accessibility, increasing visitability, or allowing qualified individuals to age in place. The credit is extended for five years, resulting in reductions in General Fund revenue that may be phased in over 13 years.
12:41:35 PM  
Ms. Ann Watts, representing
the Colorado Department of Local Affairs - Division of Housing, testified
in support of the bill.  Ms. Lisbet Finseth, representing the National
Multiple Sclerosis Society, testified in support of the bill.
12:45:50 PM  
Sen. Winter gave some closing remarks and asked for a favorable recommendation.


12:47:51 PM
 Motion Refer Senate Bill 23-196 to the Committee on Appropriations.
Moved Winter F.
Seconded
Priola Yes
Simpson Yes
Smallwood Yes
Van Winkle Yes
Winter F. Yes
Kolker Yes
Mullica Yes
Final YES: 7   NO: 0   EXC: 0   ABS:  0   FINAL ACTION:  PASS


12:48:35 PM   The committee adjourned.






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