H_FIN_2018A 02/28/2018 10:43:58 AM Committee Summary

Representatives Pabon and Van Winkle, co-prime sponsors, returned to discuss House Bill 18-1011, which allows publicly traded companies to invest in medical and retail marijuana businesses and limits which types of investors are subject to disclosure and background investigations. Testimony was heard on the bill on February 26, 2018.

The committee discussed strike-below amendment L.001 [Attachment A]. The bill sponsors responded to questions about amendment L.001.

The bill sponsors made closing remarks on the bill. Members of the committee commented on the merits of the bill.

Representatives Kraft-Tharp and Wist, co-prime sponsors, presented House Bill 18-1185, which changes how multi-state corporate income taxpayers apportion income from the sales of services and intangible property to Colorado.

The bill sponsors distributed and explained amendment L.001 [Attachment B].

Mr. Philip Horwitz and Mr. Michael Hartman, both representing the Department of Revenue, responded to committee questions.

Ms. Stephanie Copeland, representing the Governor's Office of Economic Development and International Trade, testified in support of the bill.

The bill sponsors made closing remarks on the bill.

Representatives Kraft-Tharp and Thurlow, co-prime sponsors, presented House Bill 18-1175, which continues the Community Association Management Practice Act for five years and implements certain recommendations from the sunset review.

Mr. Buck Bailey, representing himself, testified in opposition to the bill.  He distributed an outline of his testimony [Attachment C].

Mr. Brandon Helm, representing the Colorado Legislative Action Committee for Community Associations Institutions, testified in support of the bill and suggested possible amendments.  He responded to committee questions.

The bill sponsors made some closing remarks on the bill.

Members of the committee commented on the merits of the bill.

Representatives Kraft-Tharp and Van Winkle, co-prime sponsors, presented Senate Bill 18-100, which requires rental car companies to disclose mandatory rental charges.  The bill sponsors responded to committee questions.

The bill sponsors made closing remarks on the bill.

Representatives Esgar and McKean, co-prime sponsors, presented House 18-1190, which makes several modifications to the historic preservation tax credit under the Colorado Job Creation and Main Street Revitalization Act.  Committee members received a letter of support from the City of Cripple Creek [Attachment D] and a list of some projects that would qualify for the tax credit under HB 18-1190 [Attachment E].

The bill sponsors responded to committee questions.

Mr. Steve Levinger, representing himself, testified in support of the bill.

Mr. Jim Hartman, representing Harman Ely Investments, testified in support of the bill.  Mr. Hartman distributed a handout with information about the Fruitdale School Lofts [Attachment F].

Mayor Phil Rice, representing the City of Trinidad, testified in support of the bill.  Mayor Rice responded to a committee question.

Ms. Annie Levinsky, representing Historic Denver, testified in support of the bill.

Ms. Rebecca Goodwin, representing Colorado Preservation, Inc. testified in support of the bill.

Mr. Mark Rodman, representing History Colorado, responded to earlier questions raised by the committee.

Ms. Goodwin responded to committee questions.

Ms. Gini Pingenot, representing Colorado Counties, Inc., testified in support of the bill.

Ms. Liz Hallas, representing the American Institute of Architects, Colorado Chapter, testified in support of the bill.

The bill sponsors distributed and explained amendment L.001 [Attachment G].

The bill sponsors made closing remarks on the bill.

Members of the committee commented on the merits of the bill.