h_fin_2016a_2016-04-27t13:38:15z0 Hearing Summary
Date: 04/27/2016
Final
BILL SUMMARY for HB16-1433
HOUSE COMMITTEE ON FINANCE
| Votes: View--> | Action Taken: |
| Lay over House Bill 16-1433 till January 30, 2016. | PASS |
The committee was called to order. A quorum was present.
01:38 PM -- HB16-1433
Representatives Hamner and Rankin, co-prime sponsors, introduced House Bill 16-1433. Beginning in FY 2017-18, the bill caps the total amount of severance tax receipts deposited in the severance tax trust fund and the local government severance tax fund at $180 million adjusted annually for inflation. Any money above the cap is to be transferred to the newly created severance tax reserve fund. In addition, the bill refers a ballot question to the voters at the 2016 general election seeking voter approval for the state to retain and spend any severance tax revenue deposited in the reserve fund as a voter-approved revenue change to the TABOR limit. The sponsors respectfully asked the committee to postpone the bill indefinitely.
| BILL: | HB16-1433 | |
| TIME: | 01:45:09 PM | |
| MOVED: | Kagan | |
| MOTION: | Lay over House Bill 16-1433 till January 30, 2016. This motion postpones the bill indefinitely. The motion passed on a vote of 11-0. | |
| SECONDED: | Roupe | |
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VOTE
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Becker K.
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Yes
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Conti
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Yes
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Garnett
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Yes
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Kagan
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Yes
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Pabon
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Yes
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Roupe
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Yes
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Sias
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Yes
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Van Winkle
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Yes
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Wilson
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Yes
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Foote
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Yes
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Court
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Yes
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Final YES: 11 NO: 0 EXC: 0 ABS: 0 FINAL ACTION: PASS
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