H_FIN_2016A 04/14/2016 11:43:31 AM Committee Summary

The committee came to order. A quorum was present.



11:44 AM -- HB16-1349



Representatives Ryden and Nordberg, co-prime sponsors, introduced House Bill 16-1349. The bill extends the voluntary contribution designation (or income tax checkoff) benefitting the Military Family Relief Fund from tax year 2016 through income tax year 2020. Money from the military relief fund is used for emergency grants for financial hardships to members of the Colorado National Guard or reservists and their failures when ordered to active military duty. Grants are also awarded to active duty military personnel stationed in Colorado and their family members when the active duty military member is deployed to a declared hostile fire zone.



11:46 AM -- Mr. Mickey Hunt, representing the Colorado Department of Military and Veterans Affairs, testified in support of the bill.

11:50 AM -- SB16-124



Representative Priola, sponsor, introduced Senate Bill 16-124. Beginning July 1, 2016, the reengrossed bill expands the current sales and use tax exemption for machinery and machine tools (machinery) used in manufacturing to include machinery purchased by businesses listed in the Department of Public Heath and Environment's inventory of recyclers and solid waste processors (material recovery facilities). The state exemption is extended to counties and municipalities only by amendment to a local government's sales tax ordinance or resolution.



11:52 AM -- Mr. Juri Freeman, representing Resource Recycling Systems, testified in support of the bill.



11:54 AM -- Ms. Cara Russell, representing the Colorado Association for Recycling, testified in support of the bill.



11:56 AM -- Ms. Megan Lane, representing herself, testified in support of the bill.

11:59 AM -- SB16-131



Representatives Pabon and Willett, co-prime sponsors, introduced Senate Bill 16-131. The bill reorganizes and updates the probate code and laws governing the management of an individual's assets. It clarifies when an unprobated will may be used as part of a proceeding and that judgment and decree will convey legal title as opposed to equitable title. It also enacts portions of Section 5 of the "Uniform Powers of Appointment Act." The sponsors answered several committee questions.



12:04 PM -- Ms. Lehtia Maxfield, representing the Trust and Estate Section of the Colorado Bar Association, testified in support of the bill.



12:12 PM -- Ms. Karen Kalarity, representing herself, testified from a neutral position on the bill.

BILL:	SB16-131
TIME:	12:16:35 PM
MOVED:	Pabon
MOTION:	Adopt amendment L.013 (Attachment A). The motion passed without objection. 16HouseFin0414AttachA.pdf
SECONDED:	Pabon
		VOTE
	Becker K.
	Conti
	Garnett	Excused
	Kagan
	Pabon
	Roupe
	Sias
	Van Winkle
	Wilson
	Foote
	Court
YES: 0 NO: 0 EXC: 1 ABS: 0 FINAL ACTION: Pass Without Objection

12:20 PM -- HB16-1402



Representatives Becker, K. and Lawrence, co-prime sponsors, introduced House Bill 16-1402. The bill prohibits the state or any local government, or its agencies, boards, commissions, or officials from permitting the use of a racing replay and wagering device. Horse racing and related business licensees may not operate or allow any person to use racing replay and wagering devices to wager on any previously run sporting event. The prohibition does not apply to simulcast races. Representative Lawrence distributed a handout to the committee (Attachment B) and written testimony (Attachment C).



16HouseFin0414AttachB.pdf 16HouseFin0414AttachC.pdf



12:28 PM -- Mr. Mark Grueskin, representing the Colorado Gaming Association, testified in support of the bill. He answered several committee questions.



12:41 PM -- Ms. Meghan Dollar, representing the Colorado Municipal League, testified in support of the bill.



12:44 PM -- Mr. Dan Williams, representing Mile High Racing and Entertainment, testified against the bill. He answered several committee questions.

01:01 PM



The committee adjourned.