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S_FIN_2017A 04/27/2017 Committee Summary

Final

STAFF SUMMARY OF MEETING



SENATE COMMITTEE ON FINANCE

Date: 04/27/2017
ATTENDANCE
Time: 10:35 AM to 12:27 PM
Court
X
Kagan
X
Place: SCR 357
Tate
X
Hill
X
This Meeting was called to order by
Neville T.
X
Senator Neville T.
This Report was prepared by
Matt Becker
X = Present, E = Excused, A = Absent, * = Present after roll call
Bills Addressed: Action Taken:
HB17-1250

HB17-1265

SB17-299
Referred to Senate Appropriations

Referred to Senate Appropriations

Amended, Referred to Senate Appropriations





10:35 AM -- SB17-299



The committee was called to order. Senate Bill 17-299 was laid over to later in the meeting. The committee recessed.





10:38 AM -- HB17-1250



The committee reconvened. Senators Coram and Donovan, co-prime sponsors, presented House Bill 17-1250, which extends and modifies the nongame wildlife voluntary contribution program. Senators Coram and Donovan responded to committee questions.



10:44 AM --
Reid DeWalt, representing Colorado Parks and Wildlife, testified in support of the bill.



10:47 AM --
Jen Boulton, representing Audubon Rockies and Colorado Trout Unlimited, testified in support of the bill.





































10:53 AM



Senators Coram and Donovan made closing remarks on the bill.

BILL: HB17-1250
TIME: 10:53:54 AM
MOVED: Hill
MOTION: Refer House Bill 17-1250 to the Committee on Appropriations. The motion passed on a vote of 4-1.
SECONDED:
VOTE
Court
Yes
Kagan
Yes
Tate
Yes
Hill
Yes
Neville T.
No
Final YES: 4 NO: 1 EXC: 0 ABS: 0 FINAL ACTION: PASS





10:54 AM -- HB17-1265



Senators Kerr and Priola, co-prime sponsors, presented House Bill 17-1265, which makes adjustments to the Judicial Division's contribution rates to the Colorado Public Employees' Retirement Association's (PERA's) Amortization Equalization Disbursement (AED), currently set at 2.20 percent, and Supplemental Amortization Equalization Disbursement (SAED), currently set at 1.50 percent. Senators Kerr and Priola responded to committee questions.



11:12 AM --
David Kribs, representing the Judicial Department, testified in support of the bill. Mr. Kribs responded to committee questions.



11:16 AM --
Lynea Hansen, representing Secure PERA, testified in support of the bill. Ms. Hansen responded to committee questions.



11:23 AM --
Greg Smith, Executive Director, PERA, testified in support of the bill. Mr. Smith responded to committee questions.

































11:45 AM



Senators Kerr and Gardner wrapped up their presentation of House Bill 17-1265. The committee discussed the merits of the bill.

BILL: HB17-1265
TIME: 11:47:58 AM
MOVED: Hill
MOTION: Refer House Bill 17-1265 to the Committee on Appropriations. The motion passed on a vote of 4-1.
SECONDED:
VOTE
Court
Yes
Kagan
Yes
Tate
Yes
Hill
Yes
Neville T.
No
Final YES: 4 NO: 1 EXC: 0 ABS: 0 FINAL ACTION: PASS





11:54 AM -- SB17-299



Senators Holbert and Moreno, co-prime sponsors, presented Senate Bill 17-299, which allows a taxpayer that invests in an enterprise data center in Colorado to use a beneficial apportionment factor when allocating federal taxable income to Colorado. Senator Holbert discussed amendment L.001 (Attachment A) and a memo prepared on the fiscal impact of amendment L.001 (Attachment B). Senator Moreno responded to a committee question.



17SenateFin0427AttachA.pdf17SenateFin0427AttachA.pdf 17SenateFin0427AttachB.pdf17SenateFin0427AttachB.pdf



12:08 PM --
Adama Iwu, representing Visa, testified in support of the bill.



12:10 PM --
Carl Andersen, representing Visa, testified in support of the bill.



12:11 PM --
Jeff Kraft, representing the Governor's Office of Economic Development and International Trade (OEDIT), testified in support of the bill. Committee members received a letter of support from OEDIT (Attachment C).



17SenateFin0427AttachC.pdf17SenateFin0427AttachC.pdf















12:12 PM --
Loren Furman, representing the Colorado Association of Commerce and Industry, testified in support of the bill. Committee members received a letter of support from Technet (Attachment D). Mr. Kraft and Ms. Furman responded to committee questions.



17SenateFin0427AttachD.pdf17SenateFin0427AttachD.pdf



12:19 PM



Senator Holbert responded to committee questions.



12:22 PM --
Andrea Young, representing the Colorado Technology Association, testified in support of the bill.





12:23 PM

BILL: SB17-299
TIME: 12:24:09 PM
MOVED: Court
MOTION: Adopt amendment L.001 (Attachment A). The motion passed without objection.
SECONDED:
VOTE
Court
Kagan
Tate
Hill
Neville T.
YES: 0 NO: 0 EXC: 0 ABS: 0 FINAL ACTION: Pass Without Objection




































BILL: SB17-299
TIME: 12:24:51 PM
MOVED: Court
MOTION: Refer Senate Bill 17-299, as amended, to the Committee on Appropriations. The motion passed on a vote of 5-0.
SECONDED:
VOTE
Court
Yes
Kagan
Yes
Tate
Yes
Hill
Yes
Neville T.
Yes
Final YES: 5 NO: 0 EXC: 0 ABS: 0 FINAL ACTION: PASS





12:26 PM



The committee adjourned.


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