Skip to main content
Colorado General AssemblyToggle Main Menu
Agency NameToggle Agency Menu

s_fin_2016a_2016-02-09t14:05:15z0 Hearing Summary

Date: 02/09/2016



Final

BILL SUMMARY for SB16-036



SENATE COMMITTEE ON FINANCE


Votes: View--> Action Taken:
Adopt amendment L.003. The motion passed without o

Adopt amendment L.004 The motion passed without ob

Refer Senate Bill 16-036, as amended, to the Commi
Pass Without Objection

Pass Without Objection

PASS







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



02:06 PM -- SB16-036



Senators Jahn and Neville, co-prime sponsors, presented Senate Bill 16-036, which changes the circumstances under which a taxpayer is required to set aside money when he or she files a notice of appeal of a tax decision with a court. The bill repeals the requirement that a taxpayer set aside money for all appeals to a district court, except in cases of a frivolous tax claim submission as determined by the Department of Revenue (DOR). Rather than setting aside money before a tax case is heard by the district court, a taxpayer does not have to set aside money unless he or she appeals a district court decision to an appellate court or to the Colorado Supreme Court. In these cases, money must be set aside no later than 14 days after the district court ruling.



The amount required to be set aside mirrors current law. The taxpayer may choose to:

      post a surety bond equal to twice the amount of taxes, interest, and other charges stated as due;

      deposit twice the amount stated as due in a saving account, or obtain a certificate of deposit; or

      deposit the amount stated as due with the DOR.

If the taxpayer chooses to deposit the amount stated as due with the DOR, further interest is not accrued while the money is set aside.



02:10 PM --
Mr. Geoff Wilson, representing the Colorado Municipal League, testified in support of the bill. Committee members received Amendment L.003 (Attachment A). Mr. Wilson explained Amendment L.003.



16SenateFin0209AttachA.pdf16SenateFin0209AttachA.pdf



02:15 PM --
Ms. Laura Long, representing the Jefferson County Business Lobby, testified in support of the bill.



02:17 PM --
Mr. Paul Archer, representing the Coalition to Simplify the Colorado Sales Tax, testified in support of the bill.





02:19 PM



Senators Jahn and Neville made some closing remarks on the bill. Senator Neville distributed and explained Amendment L.004 (Attachment B).



16SenateFin0209AttachB.pdf16SenateFin0209AttachB.pdf

BILL: SB16-036
TIME: 02:22:19 PM
MOVED: Neville T.
MOTION: Adopt amendment L.003. The motion passed without objection.
SECONDED:
VOTE
Holbert
Johnston
Kerr
Hill
Neville T.
YES: 0 NO: 0 EXC: 0 ABS: 0 FINAL ACTION: Pass Without Objection
BILL: SB16-036
TIME: 02:22:21 PM
MOVED: Neville T.
MOTION: Adopt amendment L.004. The motion passed without objection.
SECONDED:
VOTE
Holbert
Johnston
Kerr
Hill
Neville T.
YES: 0 NO: 0 EXC: 0 ABS: 0 FINAL ACTION: Pass Without Objection




BILL: SB16-036
TIME: 02:23:45 PM
MOVED: Neville T.
MOTION: Refer Senate Bill 16-036, as amended, to the Committee on Appropriations. The motion passed on a vote of 5-0.
SECONDED:
VOTE
Holbert
Yes
Johnston
Yes
Kerr
Yes
Hill
Yes
Neville T.
Yes
Final YES: 5 NO: 0 EXC: 0 ABS: 0 FINAL ACTION: PASS












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