H_FIN_2016A 02/03/2016 01:33:36 PM Committee Summary

Representative Court called the meeting to order. A quorum was present.



01:34 PM -- HB16-1161



Representative Young introduced House Bill 16-1161. Under current law, 100 percent of excess funds under the Senior and Disabled Veterans Property Tax Exemption are transferred to the Senior Services Account within the Older Coloradans Cash Fund. The bill transfers 95 percent of any excess funds to the Older Coloradans Cash Fund and transfers the remaining 5 percent to the Veterans Assistance Grant Program Cash Fund in the Department of Military and Veterans Affairs.

01:40 PM -- HB16-1090



Representative McCann introduced House Bill 16-1090. The bill limits the premium that a person may charge for offering assistance in recovering the balance of the purchase price of a foreclosed property after all liens and claims against the property have been satisfied. It also reduces the period during which the public trustee must hold these funds before transferring the funds to the Unclaimed Property Division of the State's Treasurer's Office from five years to two years. Representative McCann also distributed and discussed amendment L.001 (Attachment A).



16HouseFin0203AttachA.pdf



01:54 PM -- Ms. Debra Johnson, representing the Denver County Public Trustee, came to the table in support of the bill. She discussed how the bill benefits county public trustees and noted the means public trustees utilize to find persons with unclaimed property.



01:58 PM -- Ms. Brita Horn, representing the Routt County Public Trustee and the Public Trustee Association of Colorado, came to the table in support of the bill. She described several examples of county residents dealing with finder's fees.

02:02 PM -- HB16-1075



Representatives Landgraf and Primavera introduced House Bill 16-1075. The bill reestablishes the voluntary contribution designation (or income tax checkoff) benefitting the Alzheimer's Association Fund. The income tax checkoff will be available for income tax year 2016 if it becomes law before any other income tax contribution other than the 14 currently listed on the 2015 state tax return. Otherwise, the income tax checkoff will be placed in the tax checkoff queue. The income tax checkoff will be available for five income tax years beginning the year it first returns on the individual income tax form.



02:11 PM -- Ms. Linda Mitchell, representing the Alzheimer's Association, came to the table in support of the bill.



02:15 PM -- Mr. Gary Sindler and Ms. Nancy Litvak, representing themselves, came to the table in support of the bill.



02:17 PM -- Ms. Beth Bowlen Wallace, representing herself, came to the table in support of the bill.



02:21 PM -- Ms. Jeanette Hensley, representing the Colorado Senior Lobby, came to the table in support of the bill.





02:24 PM



Representative Primavera gave some closing remarks. Committee discussion ensued.





02:28 PM



The bill was laid over for action only.





02:29 PM -- HB16-1030



Representatives Brown and Court introduced House Bill 16-1030. The bill, as amended by the House Local Government Committee, allows local governments, acting by ordinance or resolution, to require off-highway vehicle (OHV) operators to have a driver's license and/or carry liability insurance, except that a local government cannot make these requirements for OHVs during emergency conditions or for those OHVs used for agricultural purposes. The bill also requires local governments that choose to allow at-grade crossings on a state highway to notify the Colorado Department of Transportation. Representatives Brown and Court distributed and discussed amendment L.007 (Attachment B).



16HouseFin0203AttachB.pdf



02:35 PM -- Ms. Jen Boulton, representing Travel Unlimited, came to the table to testify from a neutral position.

02:43 PM



The committee adjourned.