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h_fin_2016a_2016-05-10t16:12:00z2 Hearing Summary

Date: 05/10/2016



Final

BILL SUMMARY for SB16-067



HOUSE COMMITTEE ON FINANCE


Votes: View--> Action Taken:
Postpone Senate Bill 16-067 indefinitely. The moti

Refer Senate Bill 16-067 to the Committee of the W
PASS

FAIL







05:10 PM -- SB16-067



Representative Williams, sponsor, introduced Senate Bill 16-067. The reengrossed bill allows counties with a population of under 60,000 to grant a property tax exemption for personal property used to provide broadband service if the county has an agreement with a broadband service provider to provide service with the county. Municipalities and school districts within the county have 90 days to opt out of offering the exemption. The bill specifies that if school districts do not opt out, the state will not backfill the property tax reduction through the school finance formula. The exemption applies to personal property purchased on or after January 1, 2017, and is available for property tax years 2018 through 2025. Representative Williams answered several committee questions.

BILL: SB16-067
TIME: 05:16:48 PM
MOVED: Pabon
MOTION: Refer Senate Bill 16-067 to the Committee of the Whole. The motion failed on a vote of 1-10.
SECONDED: Sias
VOTE
Becker K.
No
Conti
No
Garnett
No
Kagan
No
Pabon
No
Roupe
No
Sias
Yes
Van Winkle
No
Wilson
No
Foote
No
Court
No
YES: 1 NO: 10 EXC: 0 ABS: 0 FINAL ACTION: FAIL






BILL: SB16-067
TIME: 05:22:09 PM
MOVED: Pabon
MOTION: Postpone Senate Bill 16-067 indefinitely. The motion passed on a vote of 11-0.
SECONDED: Foote
VOTE
Becker K.
Yes
Conti
Yes
Garnett
Yes
Kagan
Yes
Pabon
Yes
Roupe
Yes
Sias
Yes
Van Winkle
Yes
Wilson
Yes
Foote
Yes
Court
Yes
Final YES: 11 NO: 0 EXC: 0 ABS: 0 FINAL ACTION: PASS







05:22 PM



The committee adjourned




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