S_FIN_2023A 02/21/2023 02:03:11 PM Committee Summary

Mr. Bruce Eisenhauer introduced Mr. Keith Erffmeyer, appointee to the Advisory Committee to the Property Tax Administrator. Mr. Erffmeyer introduced himself and discussed his experience on the advisory committee.

President Fenberg and Sen. Van Winkle introduced Senate Bill 23-143. The bill modifies the administration of retail delivery fees and creates an exemption from the fees for small and new businesses. The sponsors answered several committee questions.

Laura Williams, representing Martin Marietta Materials, testified in support of the bill. Mr. Kelly Sloan, representing the Westminster Chamber, testified in support of the bill. Andy Archer, representing the Automated Business Products of Colorado, testified in support of the bill. Mr. Tony Gagliardi, representing the National Federation of Independent Business (NFIB), testified in support of the bill. Mr. Matthew Groves, representing the Colorado Auto Dealers Association, testified in support of the bill. Josh Pens, representing the Department of Revenue, was available to answer committee questions.

Written testimony may be found in Attachment A.

Senator Hansen introduced Senate Bill 23-016. The bill creates a state income tax credit for new, electric-powered lawn equipment; requires the Public Employees’ Retirement Association and insurance companies to study climate risks to their investment portfolios; authorizes the Department of Natural Resources to regulate Class VI injection wells; updates the state’s greenhouse gas emissions reduction goals; and commissions a study on electric transmission capacity. The sponsor answered committee questions.

Mr. Gary McMurtrey, representing themself, testified in opposition to the bill. Ron Baker, representing the Colorado Public Employees' Retirement Association (PERA), testified to amend the bill. Reagan Shane, representing Colorado Counties, Inc., testified to amend the bill.

Erin Bertoli, representing Metro Water Recovery, testified in support of the bill. Heidi Leathwood, representing 350 Colorado, testified in support of the bill. Ms. Carol Angel, representing themself, testified in support of the bill. Devon Reynolds, representing themself, testified in support of the bill.

Committee discussion with the witnesses continued.

Ms. Madhvi Chittoor, representing Madhvi3EcoEthics, testified in support of the bill. Evan Freirich, representing themself, testified in favor of the bill.