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H_FIN_2016A 04/13/2016 01:32:26 PM Committee Summary

Final

STAFF SUMMARY OF MEETING



HOUSE COMMITTEE ON FINANCE

Date: 04/13/2016
ATTENDANCE
Time: 01:32 PM to 05:16 PM
Becker K.
X
Conti
X
Place: LSB A
Garnett
*
Kagan
X
This Meeting was called to order by
Pabon
*
Representative Court
Roupe
X
Sias
X
This Report was prepared by
Van Winkle
X
Katie Ruedebusch
Wilson
X
Foote
X
Court
X
X = Present, E = Excused, A = Absent, * = Present after roll call
Bills Addressed: Action Taken:
HB16-1363

HB16-1288

HB16-1003

HB16-1332

HB16-1292

HB16-1371
Referred to the Committee of the Whole

Amended, Referred to Appropriations

Amended, Referred to Appropriations

Amended, Referred to Appropriations

Postponed Indefinitely

Referred to Appropriations





The committee was called to order. A quorum was present.



01:33 PM -- HB16-1363



Representative Singer, sponsor, introduced House Bill 16-1363. This bill authorizes the Marijuana Enforcement Division in the Colorado Department of Revenue (DOR) to promulgate rules related to advertising that is likely to reach underage persons under the Medical Marijuana Code. This authority currently exists in the Retail Marijuana Code. Representative Singer answered several questions from the committee.



01:45 PM -- Mr. Greg Romberg, representing the Colorado Press Association and the Colorado Broadcasters Association, testified against the bill. He answered several questions from the committee.



01:54 PM -- Ms. Sarah Clark, representing Smart Colorado, testified in support of the bill. She answered several committee questions.



02:01 PM -- Ms. Ali Maffey, representing the Colorado Department of Public Health and Environment, testified in support of the bill.



02:04 PM -- Mr. Lewis Koski, representing DOR, testified in support of the bill. He answered several committee questions.



02:12 PM -- Mr. Shawn Coleman, representing 36Solutions, testified in support of the bill.










BILL: HB16-1363
TIME: 02:22:41 PM
MOVED: Court
MOTION: Refer House Bill 16-1363 to the Committee of the Whole. The motion passed on a vote of 9-2.
SECONDED: Garnett
VOTE
Becker K.
Yes
Conti
Yes
Garnett
Yes
Kagan
Yes
Pabon
Yes
Roupe
Yes
Sias
No
Van Winkle
No
Wilson
Yes
Foote
Yes
Court
Yes
Final YES: 9 NO: 2 EXC: 0 ABS: 0 FINAL ACTION: PASS





02:23 PM -- HB16-1288



Representatives Kraft-Tharp and Wist, co-prime sponsors, introduced House Bill 16-1288. The bill creates the Industry Infrastructure Grant Program within the Colorado Workforce Development Council (CWDC). The purpose of the program is for the CWDC to partner with authorized nonprofit entities to develop industry competency standards to support businesses in their implementation of work site training programs. The bill also creates the Industry Infrastructure Fund to implement the program. The fund is allowed to receive gifts, grants, donations and money from the General Fund. Representative Kraft-Tharp distributed amendment L.009 (Attachment A) and amendment L.008 (Attachment B). The sponsors answered several committee questions.



16HouseFin0413AttachA.pdf16HouseFin0413AttachA.pdf16HouseFin0413AttachB.pdf16HouseFin0413AttachB.pdf



02:42 PM -- Mr. Noel Ginsburg, representing the Colorado Manufacturing Alliance and Intertech Plastics, testified in support of the bill. He answered several committee questions.



02:59 PM -- Ms. Wendy Nkomo, representing the Colorado Technology Association, testified in support of the bill.



03:04 PM -- Mr. Jason Wardrip, representing the AFL-CIO, testified in support of the bill. He answered several committee questions.

















03:15 PM



Committee discussion ensued regarding the fiscal aspects of the bill.

BILL: HB16-1288
TIME: 03:24:25 PM
MOVED: Court
MOTION: Adopt amendment L.009 (Attachment A). The motion passed without objection.
SECONDED: Pabon
VOTE
Becker K.
Conti
Garnett
Kagan
Pabon
Roupe
Sias
Van Winkle
Wilson
Foote
Court
YES: 0 NO: 0 EXC: 0 ABS: 0 FINAL ACTION: Pass Without Objection






















































BILL: HB16-1288
TIME: 03:25:07 PM
MOVED: Court
MOTION: Adopt amendment L.008 (Attachment B). The motion passed without objection.
SECONDED: Pabon
VOTE
Becker K.
Conti
Garnett
Kagan
Pabon
Roupe
Sias
Van Winkle
Wilson
Foote
Court
YES: 0 NO: 0 EXC: 0 ABS: 0 FINAL ACTION: Pass Without Objection



03:30 PM -- Mr. Pat Teegarden, representing the Colorado Department of Labor and Employment, came to the table to answer committee questions.































































03:42 PM



Committee discussion ensued.

BILL: HB16-1288
TIME: 03:55:42 PM
MOVED: Pabon
MOTION: Refer House Bill 16-1288, as amended, to the Committee on Appropriations. The motion passed on a vote of 8-2.
SECONDED: Foote
VOTE
Becker K.
Yes
Conti
Yes
Garnett
Yes
Kagan
Yes
Pabon
Yes
Roupe
Excused
Sias
Yes
Van Winkle
No
Wilson
No
Foote
Yes
Court
Yes
Final YES: 8 NO: 2 EXC: 1 ABS: 0 FINAL ACTION: PASS





03:55 PM -- HB16-1003



Representatives Pettersen and Young, co-prime sponsors, introduced House Bill 16-1003. The bill alters the income tax deduction for contributions to qualifying college savings accounts, and the deduction for interest earnings on or withdrawals from these savings accounts to the extent that they are used for qualifying higher education expenses and are not already excluded from federal taxable income. Beginning in tax year 2017, qualifying taxpayers may deduct a percentage of these qualifying contributions, interest earnings, and withdrawals from taxable income based on their adjusted gross income. The sponsors distributed amendment L.003 (Attachment C) and a fiscal memorandum (Attachment D).



16HouseFin0413AttachC.pdf16HouseFin0413AttachC.pdf 16HouseFin0413AttachD.pdf16HouseFin0413AttachD.pdf



04:00 PM -- Ms. Ali Mickelson, representing the Colorado Fiscal Institute, testified in support of the bill. She answered committee questions.

BILL: HB16-1003
TIME: 04:05:50 PM
MOVED: Court
MOTION: Adopt amendment L.003 (Attachment C). The motion passed without objection.
SECONDED: Pabon
VOTE
Becker K.
Conti
Garnett
Kagan
Pabon
Roupe
Sias
Van Winkle
Wilson
Foote
Court
YES: 0 NO: 0 EXC: 0 ABS: 0 FINAL ACTION: Pass Without Objection


BILL: HB16-1003
TIME: 04:10:13 PM
MOVED: Court
MOTION: Refer House Bill 16-1003, as amended, to the Committee on Appropriations. The motion passed on a vote of 6-4.
SECONDED: Garnett
VOTE
Becker K.
Yes
Conti
No
Garnett
Yes
Kagan
Yes
Pabon
Yes
Roupe
Excused
Sias
No
Van Winkle
No
Wilson
No
Foote
Yes
Court
Yes
Final YES: 6 NO: 4 EXC: 1 ABS: 0 FINAL ACTION: PASS

















04:11 PM -- HB16-1332



Representative Duran and Representative Rankin, co-prime sponsors, introduced House Bill 16-1332. Effective tax year 2017, the bill changes two refundable income tax credits in current law: the innovative motor vehicle credit and the innovative truck credit. The bill changes the computation of certain tax credits, discontinues certain categories, and allows the transfer of the credits to a financing entity. Representative Duran distributed amendment L.002 (Attachment E) and a handout (Attachment F) to the committee.



16HouseFin0413AttachE.pdf16HouseFin0413AttachE.pdf 16HouseFin0413AttachF.pdf16HouseFin0413AttachF.pdf



04:18 PM --
Mr. Nigel Zeid, representing Boulder Nissan, testified in support of the bill.



04:21 PM -- Mr. Sherrie Merrow, representing Noble Energy Inc., testified in support of the bill.



04:23 PM -- Mr. Luke Walch, representing himself, testified against the bill. He answered several committee questions.



04:35 PM -- Mr. Eric Myers, representing DOR, came to the table to answer committee questions.



04:38 PM -- Mr. Andrew Sand, representing the Colorado Energy Office, came to the table to answer committee questions. Committee discussion ensued on the tax credit for used vehicles.

BILL: HB16-1332
TIME: 04:52:44 PM
MOVED: Court
MOTION: Adopt amendment L.002 (Attachment E). The motion passed without objection.
SECONDED: Foote
VOTE
Becker K.
Conti
Garnett
Kagan
Pabon
Roupe
Sias
Van Winkle
Wilson
Foote
Court
YES: 0 NO: 0 EXC: 0 ABS: 0 FINAL ACTION: Pass Without Objection












BILL: HB16-1332
TIME: 04:55:27 PM
MOVED: Court
MOTION: Refer House Bill 16-1332, as amended, to the Committee on Appropriations. The motion passed on a vote of 10-0.
SECONDED: Kagan
VOTE
Becker K.
Yes
Conti
Yes
Garnett
Yes
Kagan
Yes
Pabon
Yes
Roupe
Excused
Sias
Yes
Van Winkle
Yes
Wilson
Yes
Foote
Yes
Court
Yes
Final YES: 10 NO: 0 EXC: 1 ABS: 0 FINAL ACTION: PASS





04:59 PM -- HB16-1292



Representative Kagan, sponsor, introduced House Bill 16-1292. For tax years 2016, 2017, and 2018, this bill creates a $3,600 refundable income tax credit for taxpayers claiming both a child and a relative as dependents on their federal income tax return. To qualify, taxpayers must have a federal adjusted gross income at or below 200 percent of the national median household income of its size and claim both a child and relative as a dependent. Taxpayers will receive the full $3,600 if they qualify for the credit under this bill as refundable tax credits, which are not limited to a taxpayer's income tax liability. Representative Kagan gave some remarks on the bill and asked that the bill be postponed indefinitely.







































BILL: HB16-1292
TIME: 05:03:32 PM
MOVED: Kagan
MOTION: Postpone House Bill 16-1292 indefinitely. The motion passed on a vote of 9-0.
SECONDED: Pabon
VOTE
Becker K.
Excused
Conti
Yes
Garnett
Yes
Kagan
Yes
Pabon
Yes
Roupe
Excused
Sias
Yes
Van Winkle
Yes
Wilson
Yes
Foote
Yes
Court
Yes
Final YES: 9 NO: 0 EXC: 2 ABS: 0 FINAL ACTION: PASS





































































05:06 PM -- HB16-1371



Representative Kagan, sponsor, returned to the table to discuss House Bill 16-1371. The bill was previously heard on April 7, 2016.

BILL: HB16-1371
TIME: 05:15:08 PM
MOVED: Kagan
MOTION: Refer House Bill 16-1371 to the Committee on Appropriations. The motion passed on a vote of 6-4.
SECONDED: Pabon
VOTE
Becker K.
Yes
Conti
No
Garnett
Yes
Kagan
Yes
Pabon
Yes
Roupe
Excused
Sias
No
Van Winkle
No
Wilson
No
Foote
Yes
Court
Yes
Final YES: 6 NO: 4 EXC: 1 ABS: 0 FINAL ACTION: PASS





05:16 PM




The committee adjourned.


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