Colorado General AssemblyToggle Main Menu
Agency NameToggle Agency Menu

E04BEC20E933CC5087258A15005935E3 Hearing Summary




PUBLIC
BILL SUMMARY For OFFICE OF THE STATE AUDITOR TAX EXPENDITURE REPORTS

INTERIM COMMITTEE  LEGISLATIVE OVERSIGHT COMMITTEE CONCERNING TAX POLICY & TASK FORCE
Date Aug 24, 2023      
Location Old State Library



Office of the State Auditor Tax Expenditure Reports - Committee Discussion Only
10:14:28 AM  
Mr. James Taurman, Office of the State Auditor (OSA), provided an overview of the tax expenditure reports that the office will present to the committee. A compilation of all reports may be found in Attachment A.
10:17:18 AM  
Mr. Taurman continued by discussing the catastrophic health insurance deduction.
10:25:52 AM  
Mr. Taurman continued
by discussing the medical savings account deductions.  He answered
several committee questions.  
10:31:05 AM  
Mr. Taurman continued
by discussing the nonresident disaster relief worker subtraction.  Mr.
Trey Standley, OSA, came to the table to answer a committee question.
10:46:12 AM  
Mr. Standley, in
response to a committee question, discussed available data, or lack thereof,
on certain tax deductions and credits.
10:48:00 AM  
Mr. Taurman continued with the Colorado tuition program deduction.
10:58:51 AM  
Committee discussion ensued on the tuition program deduction.
10:59:09 AM  
Mr. Taurman continued by discussing the low-emitting vehicles and commercial vehicles used in interstate commerce exemptions.
11:05:06 AM  
Ms. Kim Tinnell,
OSA, presented on the rural broadband equipment refund.
11:12:19 AM  
Committee discussion ensued on the rural broadband equipment refund.
11:16:29 AM  
Ms. Tinnell continued
by discussing the components used to produce renewable energy exemption.
11:21:59 AM  
Ms. Tinnell continued by discussing the non-resident aircraft sales and aircraft parts exemptions.
11:38:15 AM  
Ms. Tinnell continued by discussing marijuana-related tax expenditures.
11:54:02 AM  
Committee discussion on the medical marijuana sales tax exemption for indigent patients.
11:55:02 AM  
The committee recessed for lunch.
01:08:14 PM  
The committee came back to order.
01:08:40 PM  
Ms. Tinnell presented on the rural & frontier healthcare preceptor credit.
01:19:58 PM  
Mr. Taurman responded
to a committee question on potential bill sponsors and the tax expenditure
reports.
01:26:37 PM  
Ms. Jacquelyn Combellick, OSA, came to the table to discuss the Colorado Works Program employer credit.
01:35:24 PM  
Ms. Combellick continued by discussing the school-to-career expenses credit.
01:38:57 PM  
Ms. Combellick continued by discussing the job growth credit.
01:51:29 PM  
Committee discussion continued with Ms. Combellick regarding the job growth credit.
01:56:57 PM  
Ms. Combellick continued by discussing the wildfire mitigation deduction.
02:01:15 PM  
Ms. Combellick continued by discussing the biotechnology sales and use tax refund.
02:06:25 PM  
Mr. Greg Sobetski, Legislative Council Staff, answered a question regarding previous TABOR tax refund mechanisms.
02:09:49 PM  
Ms. Meghan Westmoreland, OSA, began with a discussing the military service persons reacquiring Colorado residency deduction.
02:18:11 PM  
Ms. Westmoreland continued by discussing the child care facility investment credits.
02:25:09 PM  
Ms. Westmoreland continued by discussing the first-time home buyer savings account deduction.
02:36:43 PM  
Ms. Westmoreland continued by discussing the home modification tax credit.
02:47:30 PM  
Ms. Westmoreland continued by discussing aviation fuel exemptions.






Colorado legislature email addresses ending in @state.co.us are no longer active. Please replace @state.co.us with @coleg.gov for Colorado legislature email addresses. Details

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