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88C45A08F446FDB58725880700704FF5 Hearing Summary




PUBLIC
BILL SUMMARY For SB22-119

SENATE COMMITTEE ON FINANCE
Date Mar 16, 2022      
Location Old Supreme Court



SB22-119 - Amended, referred to Senate Appropriations


02:26:48 PM  
Sens. Simpson and
Winter introduced Senate Bill 22-119.  The bill changes the Conservation
Easement Tax Credit program to create a new transferable tax credit for
previously disallowed tax credits and an ombudsman and arbitration process
to resolve disputes concerning the distribution of the credit among affected
parties. The sponsors answered several committee questions.  Written
testimony may be found in Attachment I.

02:29:11 PM  
Ms. Amber Egbert,
representing the Colorado Department of Revenue, testified in opposition
to the bill.  Mr. Aaron Welch, representing the Division of Conservation
in the Department of Regulatory Agencies, testified in opposition to the
bill.
02:36:05 PM  
Ms. Jillane Hixson,
representing Hixon Farms, testified in support of the bill.  Ms. Melissa
Daruna, representing Keep It Colorado, testified in support of the bill.
 Commissioner Merrit Linke, representing himself, testified in support
of the bill.
03:00:22 PM  
Committee discussion
with several witnesses ensued.


03:16:23 PM
Motion Adopt amendment L.001 (Attachment J)
Moved Winter
Seconded
Hisey
Lee
Priola
Winter
Gonzales
YES: 0   NO: 0   EXC: 0   ABS:  0   FINAL ACTION:  Pass Without Objection
03:16:25 PM  
Sens. Winter and
Simpson gave some closing remarks.


03:18:21 PM
Motion Refer Senate Bill 22-119, as amended, to the Committee on Appropriations.
Moved Winter
Seconded
Hisey Yes
Lee Yes
Priola Yes
Winter Yes
Gonzales Yes
Final YES: 5   NO: 0   EXC: 0   ABS:  0   FINAL ACTION:  PASS






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