5C4B6BCD92870EB387258A1B005857EB Hearing Summary CLICS/CLICS2023A/commsumm.nsf PUBLICBILL SUMMARY For OFFICE OF THE STATE AUDITORINTERIM COMMITTEE LEGISLATIVE OVERSIGHT COMMITTEE CONCERNING TAX POLICY & TASK FORCEDate Aug 30, 2023 Location HCR 0112 Office of the State Auditor - Committee Discussion Only Attachment Tag File Name Attachment A http://www2.leg.state.co.us/CLICS/CLICS2023A/commsumm.nsf/0/BDB3ADD9972C...$File/Attachment A.pdf?OpenElement Attachment A.pdf 10:05:00 AM Mr. Trey Standley and Ms. Michelle Colin, representing the Office of the State Auditor (OSA), presented some additional tax expenditure evaluations for the committee's review. OSA indentified five additional expenditures for review. Their reports may be found in Attachment A. 10:07:13 AM Mr. Standley continued by discussing the newsprint & printer's ink and newspaper exemption. 10:18:33 AM Mr. Standley continued by discussing the deduction for wages & salaries due to Internal Revenue Code 280C. 10:36:10 AM Mr. Standley continued by discussing the structural cigarette and tobacco products excise tax expenditures. He specifically discussed the bad debt credits. 10:43:52 AM Mr. Standley continued by discussing the credit for purchase of a uniquely valuable motor vehicle registration numbers. 11:00:46 AM Mr. Standley presented on the long-term care insurance credit.
