H_FIN_2017A 02/15/2017 Committee Summary
Final
STAFF SUMMARY OF MEETING
HOUSE COMMITTEE ON FINANCE
| Date: | 02/15/2017 |
ATTENDANCE
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| Time: | 11:23 AM to 11:51 AM |
Beckman
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X
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Benavidez
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X
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| Place: | LSB A |
Catlin
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X
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|
Covarrubias
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X
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||
| This Meeting was called to order by |
Gray
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X
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| Representative Pabon |
Herod
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X
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Kennedy
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X
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| This Report was prepared by |
Lawrence
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X
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| Kori Donaldson |
Michaelson Jenet
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X
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Thurlow
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*
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Van Winkle
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X
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Foote
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X
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Pabon
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X
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X = Present, E = Excused, A = Absent, * = Present after roll call
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| Bills Addressed: | Action Taken: | ||
| HB17-1093 HB17-1136 |
Referred to the Committee of the Whole Referred to the Committee of the Whole |
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11:23 AM -- HB17-1093
The committee was called to order. A quorum was present. Representative Ransom, prime sponsor, presented House Bill 17-1093, which increases the exemption for the cash surrender value of a life insurance policy from $100,000 to $250,000. Representative Ransom responded to questions from the committee. Committee members received a list of state laws related to the cash surrender value of life insurance policies (Attachment A).
17HouseFin0215AttachA.pdf
11:29 AM -- Mr. Bill Hall, representing the life insurance industry , testified in support of the bill. Mr. Hall responded to questions and comments from the committee.
11:36 AM -- Mr. Phil Ross, representing himself, testified in support of the bill.
11:40 AM
Representative Ransom made closing remarks on the bill.
| BILL: | HB17-1093 | |
| TIME: | 11:41:10 AM | |
| MOVED: | Van Winkle | |
| MOTION: | Refer House Bill 17-1093 to the Committee of the Whole. The motion passed on a vote of 13-0. | |
| SECONDED: | Michaelson Jenet | |
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VOTE
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Beckman
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Yes
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Benavidez
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Yes
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Catlin
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Yes
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Covarrubias
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Yes
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|
Gray
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Yes
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|
Herod
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Yes
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|
Kennedy
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Yes
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|
Lawrence
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Yes
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|
Michaelson Jenet
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Yes
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|
|
Thurlow
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Yes
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|
|
Van Winkle
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Yes
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|
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Foote
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Yes
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Pabon
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Yes
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Final YES: 13 NO: 0 EXC: 0 ABS: 0 FINAL ACTION: PASS
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11:42 AM -- HB17-1136
Representative Foote, prime sponsor, presented House Bill 17-1136, which makes changes to the statutory requirements to file certain taxes and remit certain payments via electronic transfer to the Department of Revenue (DOR). The bill makes this language permissive, removing the statutory requirement and authorizing DOR to require electronic filing and funds transfer in rule instead.
11:45 AM -- Mr. John Vecchiarelli, representing the Department of Revenue, testified in support of the bill. He responded to questions from the committee.
11:47 AM -- Ms. Kara Miller, representing the Marijuana Industry Group, testified in support of the bill.
11:49 AM
Representative Foote made closing remarks on the bill.
| BILL: | HB17-1136 | |
| TIME: | 11:49:43 AM | |
| MOVED: | Foote | |
| MOTION: | Refer House Bill 17-1136 to the Committee of the Whole. The motion passed on a vote of 13-0. | |
| SECONDED: | Van Winkle | |
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VOTE
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Beckman
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Yes
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Benavidez
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Yes
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Catlin
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Yes
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Covarrubias
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Yes
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Gray
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Yes
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Herod
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Yes
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Kennedy
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Yes
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Lawrence
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Yes
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Michaelson Jenet
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Yes
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Thurlow
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Yes
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Van Winkle
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Yes
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Foote
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Yes
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Pabon
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Yes
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Final YES: 13 NO: 0 EXC: 0 ABS: 0 FINAL ACTION: PASS
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11:50 AM
The committee adjourned.