862E67DCF58850C18725858500684800 Hearing Summary CLICS/CLICS2020A/commsumm.nsf PUBLICBILL SUMMARY For HB20-1420SENATE COMMITTEE ON FINANCEDate Jun 12, 2020 Location SCR 357 HB20-1420 - Amended, referred to Senate Appropriations Attachment Tag File Name Attachment http://www2.leg.state.co.us/CLICS/CLICS2020A/commsumm.nsf/0/0DF0E073819D...$File/200612 AttachB HB 20-1420.pdf?OpenElement 200612 AttachB HB 20-1420.pdf Attachment http://www2.leg.state.co.us/CLICS/CLICS2020A/commsumm.nsf/0/77213A7D5678...$File/200612 AttachC HB 20-1420.pdf?OpenElement 200612 AttachC HB 20-1420.pdf Attachment http://www2.leg.state.co.us/CLICS/CLICS2020A/commsumm.nsf/0/83DADAB334FC...$File/200612 AttachD HB 20-1420.pdf?OpenElement 200612 AttachD HB 20-1420.pdf Attachment http://www2.leg.state.co.us/CLICS/CLICS2020A/commsumm.nsf/0/C516594CEAA6...$File/200612 AttachE HB 20-1420.pdf?OpenElement 200612 AttachE HB 20-1420.pdf 12:59:07 PM Senators Hansen and Moreno presented House Bill 20-1420 which adjusts certain state tax expenditures in order to allocate additional revenues to the State Education Fund. 01:06:44 PM Anneliese Steel, representing Colorado Concern, testified in opposition to the bill. 01:09:45 PM Dianna Orf, representing Associated Governments of Northwest Colorado, testified in opposition to the bill. Ms. Orf and Ms. Steel responded to committee questions. 01:39:20 PM Penn Pfiffner, representing himself, testified in opposition to the bill. 01:42:39 PM Jenifer Waller, representing Colorado Bankers Association, testified in opposition to the bill. 01:51:27 PM Kelly Campbell, representing American Property Casualty Insurance Association, testified in opposition to the bill. 01:57:05 PM Patrick Boyle, Colorado Competitive Council, testified in opposition to the bill. 01:59:01 PM Jason Hopfer, representing the Colorado Association of Realtors, testified in opposition to the bill. 02:02:23 PM Stan Dempsey, president of Colorado Mining Association, testified in opposition to the bill. Daniel Furman, representing USAA, testified in opposition to the bill. Mr. Dempsey and Mr. Furman responded to questions from the committee. 02:30:28 PM Ryan Woods, representing the Colorado Chamber Tax Council, testified in opposition to the bill. 02:34:25 PM Lauren Furman, Colorado Chamber of Commerce, testified in opposition to the bill. 02:42:15 PM Tony Gagliardi, National Federation of Independent Business, testified in opposition to the bill. 02:46:08 PM Jennifer Jones Paton, representing the Colorado Biosciences Association, testified in opposition to the bill. 02:52:01 PM Julie McKenna, Denver Metro Chamber of Commerce, testified in opposition to the bill. 02:57:43 PM Garin Vorthmann, Colorado Farm Bureau, testified in opposition to the bill. 03:09:04 PM Keith Mancini, representing Empower Retirement , testified in opposition to the bill. 03:09:34 PM Kelly Sloan, Colorado Aviation Association, testified in opposition to the bill. 03:13:13 PM Mary Medley, Colorado Society of Certified Public Accountants, testified in opposition to the bill. 03:20:47 PM Seth Wiggins, Colorado Education Association, testified in support of the bill. 03:26:20 PM Carol Hedges, Colorado Fiscal Institute, testified in support of the bill. 03:39:53 PM Amie Baca-Oehlert, representing Colorado Education Association, testified in support of the bill. 03:44:07 PM Josh Wasserman, Bell Policy Center, testified in support of the bill. 04:14:20 PM Rhett Travis, Sheridan Education Association, testified in support of the bill. Written testimony submitted on the bill can be found in Attachment B. 04:20:11 PM Motion Adopt amendment L.041 (Attachment C). Moved Hansen Seconded Hansen Lundeen Tate Winter Woodward Todd Gonzales YES: 0 NO: 0 EXC: 0 ABS: 0 FINAL ACTION: Pass Without Objection 04:25:37 PM Motion Adopt amendment L.034 (Attachment D). Moved Lundeen Seconded Hansen No Lundeen Yes Tate Yes Winter No Woodward Yes Todd No Gonzales No YES: 3 NO: 4 EXC: 0 ABS: 0 FINAL ACTION: FAIL 04:28:45 PM Motion Adopt amendment L.064 (Attachment E). Moved Lundeen Seconded Hansen No Lundeen Yes Tate Yes Winter No Woodward Yes Todd No Gonzales No YES: 3 NO: 4 EXC: 0 ABS: 0 FINAL ACTION: FAIL 04:30:24 PM Senators Hansen and Moreno provided closing comments on the bill. 04:33:02 PM Motion Refer House Bill 20-1420, as amended, to the Committee on Appropriations. Moved Hansen Seconded Hansen Yes Lundeen No Tate No Winter Yes Woodward No Todd Yes Gonzales Yes Final YES: 4 NO: 3 EXC: 0 ABS: 0 FINAL ACTION: PASS