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C56AD4E57A6A39D287258B0A00638257 Hearing Summary




PUBLIC
BILL SUMMARY For HB24-1436

SENATE COMMITTEE ON FINANCE
Date Apr 25, 2024      
Location SCR 357



HB24-1436 - Referred to Senate Appropriations


12:06:57 PM  
Senator Roberts and
Simpson presented HB24-1436, which refers a ballot measure to voters at
the November 2024 election. Conditional on voter approval, the bill allows
the state to retain and spend all sports betting tax revenue rather than
refunding the amount collected in excess of $29 million annually to taxpayers
who paid the tax.
12:19:47 PM  
Jimmy Reed, Department of Revenue, responded to committee questions.
12:20:39 PM  
Mr. Brian Jackson,
representing EDFACTION, testified in support of the bill.  Mr. Tony
Massaro, representing Business for Water Stewardship and Colorado Water
Congress, testified in support of the bill.  Geoff Withers, representing
League of Women Voters Colorado, testified in support of the bill.  Lauren
Ris, representing Colorado Water Conservation Board, Department of Natural
Resources, was available to answer committee questions.  The panelists
responded to committee questions.


Additional written
testimony is included as Attachment E.


12:39:56 PM
Motion Refer House Bill 24-1436 to the Committee on Appropriations.
Moved Simpson
Seconded
Buckner Yes
Hansen Excused
Simpson Yes
Smallwood Yes
Van Winkle Yes
Kolker Yes
Mullica Yes
Final YES: 6   NO: 0   EXC: 1   ABS:  0   FINAL ACTION:  PASS