B7A71FE69B66913F8725851B0082F899 Hearing Summary CLICS/CLICS2020A/commsumm.nsfPUBLICBILL SUMMARY For SB20-135SENATE COMMITTEE ON FINANCEDate Feb 27, 2020 Location SCR 357 SB20-135 - Lay Over Amended Attachment Tag File Name Attachment http://www2.leg.state.co.us/CLICS/CLICS2020A/commsumm.nsf/0/D41F74893C47...$File/200227 AttachC.pdf?OpenElement 200227 AttachC.pdf Attachment http://www2.leg.state.co.us/CLICS/CLICS2020A/commsumm.nsf/0/23A1577CC47D...$File/200227 AttachF.pdf?OpenElement 200227 AttachF.pdf Attachment http://www2.leg.state.co.us/CLICS/CLICS2020A/commsumm.nsf/0/7A07DB65F664...$File/200227 AttachE.pdf?OpenElement 200227 AttachE.pdf Attachment http://www2.leg.state.co.us/CLICS/CLICS2020A/commsumm.nsf/0/F7A3817E5268...$File/200227 AttachD.pdf?OpenElement 200227 AttachD.pdf 04:54:49 PM Senators Sonnenberg and Donovan introduced Senate Bill 20-135. The bill makes several changes to the Conservation Easement Tax Credit program including increasing the value of future conservation easement tax credits, refunding disallowed credits from tax years 2000 to 2013 and creating a process for abandoned easements. The bill sponsors distributed amendments L.003 and L.004 (Attachments C and D). 05:00:01 PM Josh Abram, Legislative Council Staff, answered questions regarding the fiscal impact of amendment L.003. 05:16:44 PM Erik Glenn, representing the conservation easement working group created by House Bill 19-1264, testified regarding the working group and its recommendations. 05:22:11 PM Alan Gentz, representing the conservation easement working group created by House Bill 19-1264, testified regarding the working group's activities and recommendations and distributed a handout to the committee (Attachment E). 05:28:21 PM The witnesses responded to questions from the committee. 05:35:23 PM Bill Boortz, representing himself, spoke regarding his experience as a real estate appraiser who reviewed conservation easements. He spoke in opposition to the bill as introduced and in support of the amendments. 05:39:41 PM Jody Barber, Conservation Tax Credit Transfer, testified regarding the bill. Mr. Boortz and Ms. Barber respond to questions from the committee. 05:50:57 PM Jillane Hixson, representing herself, testified in support of the bill and distributed a handout (Attachment F). 05:58:07 PM Emily Ibach, Colorado Farm Bureau, testified in support of the bill. Ms. Hixson further commented on the bill. 06:02:57 PM Motion Adopt amendment L.003 Moved Tate Seconded Hansen Lundeen Tate Todd Woodward Lee Gonzales YES: 0 NO: 0 EXC: 0 ABS: 0 FINAL ACTION: Pass Without Objection 06:03:46 PM Motion Adopt amendment L.004 Moved Tate Seconded Hansen Lundeen Tate Todd Woodward Lee Gonzales YES: 0 NO: 0 EXC: 0 ABS: 0 FINAL ACTION: Pass Without Objection 06:04:31 PM Senators Sonnenberg and Donovan gave concluding remarks regarding the bill. 06:05:10 PM The committee took a recess. 06:12:07 PM The committee returned from recess. Members of the committee commented on the bill. 06:31:37 PM Senator Gonzales laid the bill over for further action at a later date.