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3FDE6CA210671A6A87258B8500683638 Hearing Summary




PUBLIC
BILL SUMMARY For HB24B-1004

HOUSE COMMITTEE ON FINANCE
Date Aug 26, 2024      
Location LSB B



HB24B-1004 - Postponed Indefinitely


12:58:19 PM  
Representative Clifford,
prime sponsor, presented House Bill 24B-1004. The bill makes changes to
the reduction in valuations for residential property in non-school local
government entities starting in property tax year 2026. The bill may decrease
and increase local property tax revenue, depending on the area.
01:01:56 PM  
Mr. Keith Erffmeyer, representing the Colorado Assessor's Association, testified in a neutral position on the bill.
01:05:13 PM  
Mr. Jonathan Cappelli, representing the Neighborhood Development Collaborative, testified in support of the bill.
01:08:24 PM  
The witnesses responded to questions from the committee.
01:16:57 PM  
Elizabeth Ramey, representing Legislative Council Staff, responded to questions about the fiscal note.
01:26:23 PM  
The committee continued discussing the bill and the fiscal note with Ms. Ramey and the witnesses.
01:32:49 PM  
The committee took a brief recess.
01:40:57 PM  
The committee returned to order.
01:44:21 PM  
Representative Clifford
explained amendment L.001 (Attachment A).



01:44:23 PM
Motion Adopt amendment L.001 (Attachment A).
Moved Marshall
Seconded Lindstedt
Bradfield
Daugherty
Garcia
Hartsook
Holtorf
Kipp
Lindstedt
Marshall
Weinberg
McCormick
Snyder
YES: 0   NO: 0   EXC: 0   ABS:  0   FINAL ACTION:  Pass Without Objection
01:44:34 PM  
Representative Clifford made closing remarks and asked for a favorable recommendation. Members of the committee commented about their positions on the bill.


01:59:09 PM
Motion Refer House Bill 24B-1004, as amended, to the Committee of the Whole.
Moved Garcia
Seconded Kipp
Bradfield No
Daugherty No
Garcia Yes
Hartsook No
Holtorf No
Kipp No
Lindstedt No
Marshall No
Weinberg No
McCormick No
Snyder No
YES: 1   NO: 10   EXC: 0   ABS:  0   FINAL ACTION:  FAIL


01:59:34 PM
Motion Postpone House Bill 24B-1004 indefinitely using a reversal of the previous roll call. There was no objection to the use of the reverse roll call, therefore, the bill was postponed indefinitely.
Moved Kipp
Seconded Daugherty
Bradfield Yes
Daugherty Yes
Garcia No
Hartsook Yes
Holtorf Yes
Kipp Yes
Lindstedt Yes
Marshall Yes
Weinberg Yes
McCormick Yes
Snyder Yes
Final YES: 10   NO: 1   EXC: 0   ABS:  0   FINAL ACTION:  PASS