5C44E5E0A468EE5F8725822D0066500D Hearing Summary CLICS/CLICS2018A/commsumm.nsf PUBLICBILL SUMMARY For HB18-1062HOUSE COMMITTEE ON FINANCEDate Feb 7, 2018 Location LSB A HB18-1062 - Postponed Indefinitely Attachment Tag File Name Attachment B http://www2.leg.state.co.us/CLICS/CLICS2018A/commsumm.nsf/0/850D577ADD80...$File/18HouseFin0207AttachB.pdf?OpenElement 18HouseFin0207AttachB.pdf 11:37:38 AM Representative Lebsock, prime sponsor, presented House Bill 18-1062, which reduces the special sales tax rate on retail marijuana and eliminates the exemption on retail marijuana from the state's 2.9 percent sales tax. 11:39:55 AM Representative Lebsock distributed a fiscal note memorandum and amendment L.001 [Attachment B]. Amendment L.001 changes the distribution of the special sales tax revenue to keep revenue to local governments, the State Public School Fund, and the Marijuana Tax Cash Fund at current law levels. 11:49:13 AM Representative Lebsock responded to committee questions. 11:53:41 AM Motion Adopt amendment L.001 [Attachment B]. Moved Pabon Seconded Van Winkle Beckman Benavidez Covarrubias Gray Herod Kennedy Lawrence Michaelson Jenet Sandridge Thurlow Van Winkle Foote Pabon YES: 0 NO: 0 EXC: 0 ABS: 0 FINAL ACTION: Pass Without Objection 11:53:44 AM Representative Lebsock made some closing remarks on the bill. Members of the committee also commented on the merits of the bill. 12:03:10 PM Motion Refer House Bill 18-1062, as amended, to the Committee on Appropriations. Moved Benavidez Seconded Pabon Beckman No Benavidez No Covarrubias No Gray No Herod No Kennedy No Lawrence No Michaelson Jenet No Sandridge No Thurlow No Van Winkle No Foote No Pabon No YES: 0 NO: 13 EXC: 0 ABS: 0 FINAL ACTION: FAIL 12:03:33 PM Motion Postpone House Bill 18-1062 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 Kennedy Seconded Thurlow Beckman Yes Benavidez Yes Covarrubias Yes Gray Yes Herod Yes Kennedy Yes Lawrence Yes Michaelson Jenet Yes Sandridge Yes Thurlow Yes Van Winkle Yes Foote Yes Pabon Yes Final YES: 13 NO: 0 EXC: 0 ABS: 0 FINAL ACTION: PASS