50803DC4CF83B611872588150071E1C5 Hearing Summary CLICS/CLICS2022A/commsumm.nsf PUBLICBILL SUMMARY For SB22-138SENATE COMMITTEE ON FINANCEDate Mar 30, 2022 Location Old Supreme Court SB22-138 - Amended, referred to Senate Appropriations Attachment Tag File Name Attachment http://www2.leg.state.co.us/CLICS/CLICS2022A/commsumm.nsf/0/AEBA08BBE144...$File/Attachment D.pdf?OpenElement Attachment D.pdf Attachment http://www2.leg.state.co.us/CLICS/CLICS2022A/commsumm.nsf/0/FE8F4F3A635E...$File/Attachment E.pdf?OpenElement Attachment E.pdf Attachment http://www2.leg.state.co.us/CLICS/CLICS2022A/commsumm.nsf/0/247A69433778...$File/Attachment F.pdf?OpenElement Attachment F.pdf Attachment http://www2.leg.state.co.us/CLICS/CLICS2022A/commsumm.nsf/0/A60BEC79F84E...$File/Attachment G.pdf?OpenElement Attachment G.pdf Attachment http://www2.leg.state.co.us/CLICS/CLICS2022A/commsumm.nsf/0/E7F9E8A94BDA...$File/Attachment H.pdf?OpenElement Attachment H.pdf Attachment http://www2.leg.state.co.us/CLICS/CLICS2022A/commsumm.nsf/0/9FBD82747E6F...$File/Attachment I.pdf?OpenElement Attachment I.pdf Attachment http://www2.leg.state.co.us/CLICS/CLICS2022A/commsumm.nsf/0/334B6C5D01B2...$File/Attachment J.pdf?OpenElement Attachment J.pdf 02:43:57 PM The committee recessed. 02:46:36 PM The committee came back to order. 02:48:12 PM Sens. Hansen introduced Senate Bill 22-138. The bill creates a state income tax credit for electric-powered small off-road equipment; requires PERA and insurance companies to study climate risks to their investment portfolios; authorizes the Department of Natural Resources to regulate Class VI injection wells; and requires the Department of Agriculture to study carbon sequestration opportunities in the agriculture sector. Sen. Hansen answered committee questions and discussed several potential amendments. Written testimony may be found in Attachment D. 02:50:30 PM Dr. Stuart Bennett, representing himself, testified in opposition to the bill. Mr. Terrance Tschatschula, representing himself, testified in opposition to the bill. Ms. Anneliese Steel, representing Colorado Concern, testified in opposition to the bill. The witnesses answered several committee questions. 03:10:59 PM Committee discussion ensued with the witnesses. 03:26:17 PM Mr. Phil Hayes, representing IBEW Local 111 and Pipefitters 208, testified in opposition to the bill. Mr. Gerald Arnold, representing Denver Pipefitters Local #208, testified in opposition to the bill. Ms. Lauren Quillian, representing Xcel Energy, PSCo, testified in opposition to the bill. 03:26:55 PM Mr. George Twigg, representing the Colorado Department of Public Health and Environment, testified to amend the bill. Mr. Ron Baker, representing the Colorado Public Employees Retirement Association (PERA), testified to amend the bill. Mr. Steve McCannon, representing himself, testified to amend the bill. Mr. Will Toor, representing the Colorado Energy Office testified to amend the bill. 03:40:07 PM The committee recessed for technical difficulties. 03:50:31 PM The committee came back to order. The previous witnesses answered several committee questions. 04:02:26 PM Committee discussion continued with Mr. Toor and Mr. Twigg. Mr. Garry Kaufman, representing the Colorado Department of Public Health and Environment, answered committee questions. 04:07:48 PM Ms. Joy Wintersteen, representing herself, testified in support of the bill. Ms. Gwen Farnsworth, representing Western Resource Advocates, testified in support of the bill. Ms. Giselle Herzfeld, representing 350 Colorado, testified in support of the bill. Mr. Brent Goodlet, representing himself, testified in support of the bill. 04:22:50 PM Mr. Alex DeGolia, representing the Environmental Defense Fund, testified in support of the bill. Mr. Ean Tafoya, representing GreenLatinos, testified in a neutral position on the bill. 04:33:31 PM Motion Adopt amendment L.010 (Attachment E) Moved Winter Seconded Hisey Lee Priola Winter Gonzales YES: 0 NO: 0 EXC: 0 ABS: 0 FINAL ACTION: Pass Without Objection 04:35:11 PM Motion Adopt amendment L.011 (Attachment F) Moved Winter Seconded Hisey Lee Priola Winter Gonzales YES: 0 NO: 0 EXC: 0 ABS: 0 FINAL ACTION: Pass Without Objection 04:37:39 PM Motion Adopt amendment L.012 (Attachment G) Moved Winter Seconded Hisey Lee Priola Winter Gonzales YES: 0 NO: 0 EXC: 0 ABS: 0 FINAL ACTION: Pass Without Objection 04:40:14 PM Motion Adopt amendment L.013 (Attachment H) Moved Winter Seconded Hisey Lee Priola Winter Gonzales YES: 0 NO: 0 EXC: 0 ABS: 0 FINAL ACTION: Pass Without Objection 04:41:23 PM Motion Adopt amendment L.016 (Attachment I) Moved Winter Seconded Hisey Lee Priola Winter Gonzales YES: 0 NO: 0 EXC: 0 ABS: 0 FINAL ACTION: Pass Without Objection 04:43:23 PM Motion Adopt amendment L.018 (Attachment J) Moved Winter Seconded Hisey Lee Priola Winter Gonzales YES: 0 NO: 0 EXC: 0 ABS: 0 FINAL ACTION: Pass Without Objection 04:43:25 PM Sen. Hansen provided some closing remarks. 04:44:59 PM Motion Refer Senate Bill 22-138, as amended, to the Committee on Appropriations. Moved Winter Seconded Hisey No Lee Yes Priola Yes Winter Yes Gonzales Yes Final YES: 4 NO: 1 EXC: 0 ABS: 0 FINAL ACTION: PASS