H_FIN_2016A 02/25/2016 10:20:56 AM Committee Summary

Representative Court, chair, called the meeting to order.



10:21 AM -- Presentation on Fiscal Notes and Dynamic Modeling



Director Mike Mauer, Legislative Council Staff, came to the table to discuss fiscal notes and the use of dynamic modeling. He discussed the history of the use of dynamic modeling in fiscal notes in other states and the General Assembly's previous discussions regarding dynamic modeling. He distributed a memorandum to the committee (Attachment A). Committee discussion ensued.



16HouseFin0225AttachA.pdf



Ms. Natalie Mullis, Legislative Council Staff, came to the table to answer committee questions. Committee discussion ensued.





























10:56 AM -- HB16-1089



Representative Moreno, sponsor, introduced House Bill 16-1089. The bill creates an income tax credit for contributions made to an endowment of a Colorado charitable organization. Eligible endowment funds do not include donor advised funds or funds for a private foundation. The credit is equal to 25 percent of the contribution and the maximum credit allowed is $25,000 per taxpayer per year. The credit is nonrefundable, but can be carried forward for five years, and is available starting in tax year 2016. Representative Moreno distributed amendment L.002 (Attachment B) to the committee. Representative Court distributed amendment L.001 (Attachment C) to the committee.



16HouseFin0225AttachB.pdf16HouseFin0225AttachC.pdf



11:03 AM -- Ms. Ali Mickelson, representing the Colorado Fiscal Institute, came to the table to testify against the bill.



11:09 AM -- Mr. Renny Fagan, representing the Colorado Nonprofit Association, came to the table to testify in support of the bill. He distributed a handout to the committee (Attachment D). He mentioned that Mile High United Way and Jewish Colorado support the bill.



16HouseFin0225AttachD.pdf



11:20 AM -- Ms. Marla Williams, representing Community First Foundation, came to the table to testify in support of the bill.



11:24 AM -- Ms. Mary Pat Rooney, representing the Denver Museum of Nature and Science, came to the table to testify in support of the bill.



11:27 AM -- Ms. Lydia McCoy, representing Ray of Hope Cancer Foundation, came to the table to testify in support of the bill.



11:31 AM -- Ms. Joanne Kelley, representing Colorado Association of Funders, came to the table to testify in support of the bill.

11:39 AM -- HB16-1056



Representative Tyler, sponsor, introduced House Bill 16-1056. The bill, recommended by the Transportation Legislation Review Committee, broadens the records search employed by the Department of Revenue (DOR) to locate owners and lienholders of abandoned motor vehicles. DOR must perform a national records search using a qualified entity that has a national database and that can retrieve records based both on the vehicle's VIN (vehicle identification number) and registration number (license plate). The bill also increases the notification deadline, from three to five days, in which tow operators must determine whether there is an owner or lienholder registered with DOR and send notice to those parties, and clarifies that the time spent by the DOR conducting the national records search does not count against the tow operator's 10-day deadline to contact the motor vehicle's owner or lienholder.



11:46 AM -- Ms. Erin Reynolds, Legislative Council Staff, came to the table to answer questions regarding the fiscal note.

11:54 AM



The committee adjourned.