H_FIN_2018A 02/28/2018 10:43:58 AM Committee Summary PUBLICSTAFF SUMMARY OF MEETINGHOUSE COMMITTEE ON FINANCE Date 02/28/2018 Attendance Beckman * Benavidez X Covarrubias X Gray * Herod X Kennedy X Lawrence X Michaelson Jenet X Sandridge X Thurlow X Van Winkle X Foote X Pabon X Time 10:43:58 AM to 12:34:36 PM Place LSB A This Meeting was called to order by Pabon This Report was prepared by Kori Donaldson Hearing Items Action Taken hHB18-1011 Amended, referred to House Appropriations hHB18-1185 Amended, referred to House Appropriations hHB18-1175 Referred to House Appropriations hSB18-100 Referred to the Committee of the Whole hHB18-1190 Amended, referred to House Appropriations 10:44:38 AM The committee was called to order. A quorum was present. HB18-1011 - Amended, referred to House Appropriations Attachment Tag File Name Attachment A http://www2.leg.state.co.us/CLICS/CLICS2018A/commsumm.nsf/0/652BE768736C...$File/18HouseFin0228AttachA.pdf?OpenElement 18HouseFin0228AttachA.pdf 10:45:22 AM Representatives Pabon and Van Winkle, co-prime sponsors, returned to discuss House Bill 18-1011, which allows publicly traded companies to invest in medical and retail marijuana businesses and limits which types of investors are subject to disclosure and background investigations. Testimony was heard on the bill on February 26, 2018. 10:47:28 AM The committee discussed strike-below amendment L.001 [Attachment A]. The bill sponsors responded to questions about amendment L.001. 10:53:51 AM Motion Adopt amendment L.001 [Attachment A]. Moved Pabon Seconded Van Winkle Beckman No Benavidez No Covarrubias Yes Gray Yes Herod Yes Kennedy Yes Lawrence Yes Michaelson Jenet Yes Sandridge No Thurlow No Van Winkle Yes Foote No Pabon Yes YES: 8 NO: 5 EXC: 0 ABS: 0 FINAL ACTION: PASS 10:54:13 AM The bill sponsors made closing remarks on the bill. Members of the committee commented on the merits of the bill. 11:02:09 AM Motion Refer House Bill 18-1011, as amended, to the Committee on Appropriations. Moved Pabon Seconded Van Winkle Beckman No Benavidez No Covarrubias Yes Gray Yes Herod Yes Kennedy Yes Lawrence Yes Michaelson Jenet Yes Sandridge No Thurlow No Van Winkle Yes Foote No Pabon Yes Final YES: 8 NO: 5 EXC: 0 ABS: 0 FINAL ACTION: PASS HB18-1185 - Amended, referred to House Appropriations Attachment Tag File Name Attachment B http://www2.leg.state.co.us/CLICS/CLICS2018A/commsumm.nsf/0/581B5AF265F3...$File/18HouseFin0228AttachB.pdf?OpenElement 18HouseFin0228AttachB.pdf 11:02:18 AM Representatives Kraft-Tharp and Wist, co-prime sponsors, presented House Bill 18-1185, which changes how multi-state corporate income taxpayers apportion income from the sales of services and intangible property to Colorado. 11:07:00 AM The bill sponsors distributed and explained amendment L.001 [Attachment B]. 11:08:36 AM Mr. Philip Horwitz and Mr. Michael Hartman, both representing the Department of Revenue, responded to committee questions. 11:22:08 AM Ms. Stephanie Copeland, representing the Governor's Office of Economic Development and International Trade, testified in support of the bill. 11:24:10 AM Motion Adopt amendment L.001 [Attachment B]. Moved Van Winkle Seconded Gray Beckman Benavidez Covarrubias Gray Herod Kennedy Lawrence Michaelson Jenet Sandridge Thurlow Van Winkle Foote Pabon YES: 0 NO: 0 EXC: 0 ABS: 0 FINAL ACTION: Pass Without Objection 11:24:23 AM The bill sponsors made closing remarks on the bill. 11:26:26 AM Motion Refer House Bill 18-1185, as amended, to the Committee on Appropriations. Moved Gray Seconded Michaelson Jenet Beckman Excused Benavidez Yes Covarrubias Yes Gray Yes Herod Yes Kennedy Yes Lawrence Yes Michaelson Jenet Yes Sandridge Yes Thurlow Yes Van Winkle Yes Foote Yes Pabon Yes Final YES: 12 NO: 0 EXC: 1 ABS: 0 FINAL ACTION: PASS HB18-1175 - Referred to House Appropriations Attachment Tag File Name Attachment C http://www2.leg.state.co.us/CLICS/CLICS2018A/commsumm.nsf/0/C280466A6545...$File/18HouseFin0228AttachC.pdf?OpenElement 18HouseFin0228AttachC.pdf 11:26:53 AM Representatives Kraft-Tharp and Thurlow, co-prime sponsors, presented House Bill 18-1175, which continues the Community Association Management Practice Act for five years and implements certain recommendations from the sunset review. 11:30:47 AM Mr. Buck Bailey, representing himself, testified in opposition to the bill. He distributed an outline of his testimony [Attachment C]. 11:34:37 AM Mr. Brandon Helm, representing the Colorado Legislative Action Committee for Community Associations Institutions, testified in support of the bill and suggested possible amendments. He responded to committee questions. 11:39:49 AM The bill sponsors made some closing remarks on the bill. 11:41:21 AM Members of the committee commented on the merits of the bill. 11:42:04 AM Motion Refer House Bill 18-1175 to the Committee on Appropriations. Moved Thurlow Seconded Foote Beckman No Benavidez Yes Covarrubias Yes Gray Yes Herod Yes Kennedy Yes Lawrence No Michaelson Jenet Yes Sandridge No Thurlow Yes Van Winkle Yes Foote Yes Pabon Yes Final YES: 10 NO: 3 EXC: 0 ABS: 0 FINAL ACTION: PASS SB18-100 - Referred to the Committee of the Whole 11:44:01 AM Representatives Kraft-Tharp and Van Winkle, co-prime sponsors, presented Senate Bill 18-100, which requires rental car companies to disclose mandatory rental charges. The bill sponsors responded to committee questions. 11:45:54 AM Ms. Meegan Wood-Trombley, representing Enterprise Holdings, testified in support of the bill. 11:47:46 AM The bill sponsors made closing remarks on the bill. 11:48:35 AM Motion Refer Senate Bill 18-100 to the Committee of the Whole. Moved Van Winkle Seconded Lawrence Beckman Yes Benavidez Yes Covarrubias Yes Gray Yes Herod Yes Kennedy Yes Lawrence Yes Michaelson Jenet Yes Sandridge Yes Thurlow Yes Van Winkle Yes Foote Yes Pabon Yes Final YES: 13 NO: 0 EXC: 0 ABS: 0 FINAL ACTION: PASS HB18-1190 - Amended, referred to House Appropriations Attachment Tag File Name Attachment F http://www2.leg.state.co.us/CLICS/CLICS2018A/commsumm.nsf/0/7409D3BB3135...$File/18HouseFin0228AttachF.pdf?OpenElement 18HouseFin0228AttachF.pdf Attachment D http://www2.leg.state.co.us/CLICS/CLICS2018A/commsumm.nsf/0/8BF4B8BB7DF7...$File/18HouseFin0228AttachD.pdf?OpenElement 18HouseFin0228AttachD.pdf Attachment G http://www2.leg.state.co.us/CLICS/CLICS2018A/commsumm.nsf/0/8D79312CFAFC...$File/18HouseFin0228AttachG.pdf?OpenElement 18HouseFin0228AttachG.pdf Attachment E http://www2.leg.state.co.us/CLICS/CLICS2018A/commsumm.nsf/0/F1FC89458A1E...$File/18HouseFin0228AttachE.pdf?OpenElement 18HouseFin0228AttachE.pdf 11:48:48 AM Representatives Esgar and McKean, co-prime sponsors, presented House 18-1190, which makes several modifications to the historic preservation tax credit under the Colorado Job Creation and Main Street Revitalization Act. Committee members received a letter of support from the City of Cripple Creek [Attachment D] and a list of some projects that would qualify for the tax credit under HB 18-1190 [Attachment E]. 11:53:53 AM The bill sponsors responded to committee questions. 11:56:41 AM Mr. Steve Levinger, representing himself, testified in support of the bill. 12:01:16 PM Mr. Jim Hartman, representing Harman Ely Investments, testified in support of the bill. Mr. Hartman distributed a handout with information about the Fruitdale School Lofts [Attachment F]. 12:03:02 PM Mayor Phil Rice, representing the City of Trinidad, testified in support of the bill. Mayor Rice responded to a committee question. 12:05:54 PM Ms. Annie Levinsky, representing Historic Denver, testified in support of the bill. 12:09:43 PM Ms. Rebecca Goodwin, representing Colorado Preservation, Inc. testified in support of the bill. 12:14:07 PM Mr. Mark Rodman, representing History Colorado, responded to earlier questions raised by the committee. 12:21:46 PM Ms. Goodwin responded to committee questions. 12:23:33 PM Ms. Gini Pingenot, representing Colorado Counties, Inc., testified in support of the bill. 12:25:06 PM Ms. Liz Hallas, representing the American Institute of Architects, Colorado Chapter, testified in support of the bill. 12:26:14 PM The bill sponsors distributed and explained amendment L.001 [Attachment G]. 12:29:25 PM Motion Adopt amendment L.001 [Attachment G]. Moved Gray Seconded Michaelson Jenet Beckman Benavidez Covarrubias Gray Herod Kennedy Lawrence Michaelson Jenet Sandridge Thurlow Van Winkle Foote Pabon YES: 0 NO: 0 EXC: 0 ABS: 0 FINAL ACTION: Pass Without Objection 12:29:26 PM The bill sponsors made closing remarks on the bill. 12:31:44 PM Members of the committee commented on the merits of the bill. 12:34:24 PM Motion Refer House Bill 18-1190, as amended, to the Committee on Appropriations. Moved Gray Seconded Michaelson Jenet Beckman Yes Benavidez Yes Covarrubias Yes Gray Yes Herod Excused Kennedy Yes Lawrence Yes Michaelson Jenet Yes Sandridge No Thurlow Yes Van Winkle Excused Foote Yes Pabon Yes Final YES: 10 NO: 1 EXC: 2 ABS: 0 FINAL ACTION: PASS 12:34:36 PM Committee Adjourned