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124B73ACFCE7B5A887258839006CEA14 Hearing Summary




PUBLIC
BILL SUMMARY For SB22-138

HOUSE COMMITTEE ON FINANCE
Date May 5, 2022      
Location HCR 0112



SB22-138 - Amended, referred to House Appropriations

01:49:43 PM  
Representatives McCormick and A. Valdez, co-prime sponsors, presented Senate Bill 22-138. This bill creates a state income tax credit for electric-powered small off-road equipment, requires PERA and insurance companies to study climate risks to their investment portfolios, authorizes the Department of Natural Resources to regulate Class VI injection wells, and requires the Department of Agriculture to study carbon
sequestration opportunities in the agriculture sector.
02:00:29 PM  

The bill sponsors distributed amendment L.021 (Attachment F) and responded to questions from the committee.

02:04:44 PM  
Cindy Copeland, representing Boulder County, and Jordan Beezley, representing Colorado Department of Agriculture, were available to respond to questions.
02:08:52 PM  
Mr. Charles Perko, representing the United Steelworkers, testified to amend the bill.
02:17:52 PM  
Will Hodges, representing himself, testified in support of the bill.
02:20:17 PM  
The sponsors distributed
and explained amendments L.021 (Attachment F), L.023 (Attachment G), and
L.025 (Attachment H).


02:22:24 PM
Motion Adopt amendment L.021 (Attachment F).
Moved Snyder
Seconded Kipp
Benavidez
Daugherty
Kipp
Luck
Michaelson Jenet
Rich
Sandridge
Soper
Tipper
Snyder
Bird
YES: 0   NO: 0   EXC: 0   ABS:  0   FINAL ACTION:  Pass Without Objection


02:23:31 PM
Motion Adopt amendment L.023 (Attachment G).
Moved Snyder
Seconded Kipp
Benavidez
Daugherty
Kipp
Luck
Michaelson Jenet
Rich
Sandridge
Soper
Tipper
Snyder
Bird
YES: 0   NO: 0   EXC: 0   ABS:  0   FINAL ACTION:  Pass Without Objection


02:25:14 PM
Motion Adopt amendment L.025 (Attachment H).
Moved Snyder
Seconded Kipp
Benavidez
Daugherty
Kipp
Luck
Michaelson Jenet
Rich
Sandridge
Soper
Tipper
Snyder
Bird
YES: 0   NO: 0   EXC: 0   ABS:  0   FINAL ACTION:  Pass Without Objection
02:26:23 PM  
Representative Soper distributed and explained amendments L.022 (Attachment I) and L.026 (Attachment J). The bill sponsors commented about the amendments.


02:33:56 PM
Motion Adopt amendment L.026 (Attachment J).
Moved Soper
Seconded Sandridge
Benavidez No
Daugherty No
Kipp No
Luck Yes
Michaelson Jenet No
Rich Yes
Sandridge Yes
Soper Yes
Tipper No
Snyder Yes
Bird Yes
YES: 6   NO: 5   EXC: 0   ABS:  0   FINAL ACTION:  PASS


02:34:53 PM
Motion Adopt amendment L.022 (Attachment I).
Moved Soper
Seconded Sandridge
Benavidez No
Daugherty No
Kipp No
Luck Yes
Michaelson Jenet No
Rich Yes
Sandridge Yes
Soper Yes
Tipper No
Snyder Yes
Bird Yes
YES: 6   NO: 5   EXC: 0   ABS:  0   FINAL ACTION:  PASS
02:34:56 PM  
The sponsors provided closing remarks and asked for a favorable recommendation.


02:37:51 PM
Motion Refer Senate Bill 22-138, as amended, to the Committee on Appropriations.
Moved Snyder
Seconded Kipp
Benavidez Yes
Daugherty Yes
Kipp Yes
Luck No
Michaelson Jenet Yes
Rich No
Sandridge No
Soper No
Tipper Yes
Snyder Yes
Bird Yes
Final YES: 7   NO: 4   EXC: 0   ABS:  0   FINAL ACTION:  PASS






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