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H_FIN_2018A 02/28/2018 10:43:58 AM Committee Summary

PUBLIC
STAFF SUMMARY OF MEETING
HOUSE 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
HB18-1011 Amended, referred to House Appropriations
HB18-1185 Amended, referred to House Appropriations
HB18-1175 Referred to House Appropriations
SB18-100 Referred to the Committee of the Whole
HB18-1190 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


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


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


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

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






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