H_FIN_2022A 02/28/2022 01:30:46 PM Committee Summary PUBLICSTAFF SUMMARY OF MEETINGHOUSE COMMITTEE ON FINANCE Date 02/28/2022 Attendance Benavidez X Daugherty X Gray * Kipp X Luck * Rich X Sandridge * McKean * Tipper X Snyder X Bird X Time 01:30:46 PM to 06:13:46 PM Place HCR 0112 This Meeting was called to order by Bird This Report was prepared by Jessika Shipley Hearing Items Action Taken hHB22-1051 Amended, referred to House Appropriations hHB22-1138 Postponed Indefinitely hHB22-1149 Amended, referred to House Appropriations hHB22-1098 Referred to House Appropriations hHB22-1126 Postponed Indefinitely HB22-1051 - Amended, referred to House Appropriations Attachment Tag File Name Attachment http://www2.leg.state.co.us/CLICS/CLICS2022A/commsumm.nsf/0/7894581A7226...$File/HB1051_L.001 Attachment A.pdf?OpenElement HB1051_L.001 Attachment A.pdf 01:33:32 PM Representative Bird and Minority Leader McKean, co-sponsors, presented House Bill 22-1051. This bill continues the Colorado affordable housing tax credit that is scheduled to expire in 2024 for an additional ten years and increases the amount of the credit that the Colorado Housing and Finance Authority (CHFA) may allocate each year starting in 2023. They distributed amendment L.001 (Attachment A). 01:40:39 PM The sponsors responded to questions from the committee. 01:41:24 PM Adam Burg, representing the Denver Metro Chamber of Commerce & Prosper Colorado, testified in support of the bill. Ms. Rachel Beck, representing the Colorado Springs Chamber of Commerce and Economic Development Corporation, testified in support of the bill. The witnesses responded to questions from the committee. 01:51:33 PM Mr. Seth Harvey, representing BlueStaq, testified in support of the bill. Dr. Michael Neil, representing Colorado Cross-Disability Coalition, testified in support of the bill. 01:56:29 PM Mrs. Jerilynn Francis, representing CHFA, testified in support of the bill. Mr. Bruce Eisenhauer, representing Deptartment of Local Affairs, testified in support of the bill and amendment L.001. The witnesses responded to questions from the committee. 02:09:14 PM Motion Adopt amendment L.001 (Attachment A). Moved Bird Seconded Soper Benavidez Daugherty Gray Kipp Luck Rich Sandridge Excused McKean Tipper Snyder Bird YES: 0 NO: 0 EXC: 1 ABS: 0 FINAL ACTION: Pass Without Objection 02:10:35 PM Motion Refer House Bill 22-1051, as amended, to the Committee on Appropriations. Moved Bird Seconded Soper Benavidez Yes Daugherty Yes Gray Excused Kipp Yes Luck No Rich Yes Sandridge Excused McKean Yes Tipper Yes Snyder Yes Bird Yes Final YES: 8 NO: 1 EXC: 2 ABS: 0 FINAL ACTION: PASS HB22-1138 - Postponed Indefinitely Attachment Tag File Name Attachment http://www2.leg.state.co.us/CLICS/CLICS2022A/commsumm.nsf/0/DE583D622F7C...$File/HB1138_L.003 Attachment B.pdf?OpenElement HB1138_L.003 Attachment B.pdf Attachment http://www2.leg.state.co.us/CLICS/CLICS2022A/commsumm.nsf/0/27AA517F0C15...$File/HB1138_L.004 Attachment C.pdf?OpenElement HB1138_L.004 Attachment C.pdf Attachment http://www2.leg.state.co.us/CLICS/CLICS2022A/commsumm.nsf/0/F6573773DBEC...$File/HB1138_L.005 Attachment D.pdf?OpenElement HB1138_L.005 Attachment D.pdf Attachment http://www2.leg.state.co.us/CLICS/CLICS2022A/commsumm.nsf/0/2B03D80A6255...$File/HB1138_L.006 Attachment E.pdf?OpenElement HB1138_L.006 Attachment E.pdf Attachment http://www2.leg.state.co.us/CLICS/CLICS2022A/commsumm.nsf/0/E6AAE7C91A70...$File/HB1138 Attachment F.pdf?OpenElement HB1138 Attachment F.pdf 02:11:02 PM Representatives Gray and Herod, cosponsors, presented House Bill 22-1138. The bill creates an income tax credit for employers that provide alternative transportation options to their employees; requires large employers to provide alternative transportation options to their employees; and requires the Transportation Commission to allocate funds to transportation management associations. 02:16:52 PM The sponsors distributed amendments L.003 (Attachment B), L.004 (Attachment C), L.005 (Attachment D), and L.006 (Attachment E). They responded to questions from the committee. 02:30:52 PM The committee continued to discuss the bill with the sponsors. 02:38:39 PM Mr. Michael Hughes, representing the West Corridor Transportation Management Association, testified in support of the bill. Ms. Alexandra Schluntz, representing Earthjustice, testified in support of the bill. Mr. John Nicholas, representing Bonfire Collective, testified in support of the bill. The witnesses responded to questions from the committee. 02:46:28 PM Dr. Jan Douglas, representing the Colorado Sierra Club, testified in support of the bill. Mr. Rich Schmelzer, representing Commutifi, testified to amend the bill. 02:52:03 PM Amy Hoeven, representing herself, testified in support of the bill. Mr. Matt Frommer, representing Southwest Energy Efficiency Project, testified in support of the bill. The witnesses responded to questions from the committee. 03:01:07 PM Ms. Rachel Beck, representing the Colorado Springs Chamber of Commerce and Economic Development Corporation, testified in opposition to the bill. Ms. Adrienne Tuck, representing the W.E. O'Neil Construction, testified in opposition to the bill. Katie Wolf, representing the Colorado Chamber of Commerce, testified in opposition to the bill. The witnesses responded to questions from the committee. 03:11:22 PM Ms. Rich Mauro, representing the Denver Regional Council of Governments, testified to amend the bill. Meghan MacKillop, representing the Colorado Municipal League, testified in opposition to the bill, but praised the potential amendments. Matthew Groves, representing the Colorado Auto Dealers Association, testified in opposition to the bill. The witnesses responded to questions from the committee. 03:29:23 PM Adam Burg, representing the Denver Metro Chamber of Commerce & Colorado Competitive Council (C3), testified in opposition to the bill. Mr. Kelly Sloan, representing the Freedom-to-Drive Coalition, testified in opposition to the bill. He provided the results of a survey on transportation (Attachment F). Andy Karsian, representing the Colorado Department of Transportation, testified in support of the bill with the amendments. 03:36:27 PM Mr Michael Gifford, representing Associated General Contractors of Colorado, testified in opposition to the bill. Ms. Sandra Hagen Solin, representing the Northern Colorado Legislative Alliance and Weld County, testified in opposition to the bill. Councilman Deven Shaff, representing Counties and Commissioners Acting Together, testified in support of the bill. 03:47:41 PM Jenny Gaeng, representing Conservation Colorado, testified in support of the bill. 03:51:15 PM The committee took a brief recess. 03:51:39 PM The committee returned to order. The sponsors wrapped up their presentation of the bill. They agreed to continue working on the bill to address the opposition. Members of the committee commented about their positions on the bill. 04:07:37 PM Motion Refer House Bill 22-1138 to the Committee on Appropriations. Moved Gray Seconded Kipp Benavidez No Daugherty No Gray Yes Kipp No Luck No Rich No Sandridge No McKean Excused Tipper No Snyder No Bird No YES: 1 NO: 9 EXC: 1 ABS: 0 FINAL ACTION: FAIL 04:09:09 PM Motion Postpone House Bill 22-1138 indefinitely. Moved Snyder Seconded Tipper Benavidez Yes Daugherty Yes Gray No Kipp Yes Luck Yes Rich Yes Sandridge Yes McKean Excused Tipper Yes Snyder Yes Bird Yes Final YES: 9 NO: 1 EXC: 1 ABS: 0 FINAL ACTION: PASS HB22-1149 - Amended, referred to House Appropriations Attachment Tag File Name Attachment http://www2.leg.state.co.us/CLICS/CLICS2022A/commsumm.nsf/0/1ADA1ED84ED6...$File/HB1149_L.001 Attachment G.pdf?OpenElement HB1149_L.001 Attachment G.pdf Attachment http://www2.leg.state.co.us/CLICS/CLICS2022A/commsumm.nsf/0/C3CC715C0672...$File/HB1149_L.002 Attachment H.pdf?OpenElement HB1149_L.002 Attachment H.pdf 04:09:14 PM The committee took a brief recess. 04:19:09 PM The committee returned to order. Representative Bird, sponsor, presented House Bill 22-1149. This bill extends the Advanced Industry Investment Income Tax Credit Program for five income tax years (2023 through 2027) and increases the amount of state income tax credits from $750,000 to $4.0 million each year. If the full $4.0 million amount is not certified for allocation of the credit, it may be certified in future tax years. In addition, the bill increases the amount of the tax credit from 30 percent of qualified investments made in rural or economically distressed areas to 35 percent. 04:26:15 PM Mr. Jack Tiebaut, representing the Colorado Office of Economic Development and International Trade, joined the committee to respond to questions only. Mr. Ned Harvey, representing the Colorado Cleantech Industries Association, testified in support of the bill. Adam Burg, representing Denver Metro Chamber of Commerce & Colorado Competitive Council (C3), testified in support of the bill. Mrs. Elyse Blazevich, representing the Colorado BioScience Association, testified in support of the bill. The witnesses responded to questions from the committee. 04:44:33 PM The committee continued to discuss the bill with the witness panel. 04:51:18 PM Representative Bird distributed amendments L.001 (Attachment G) and L.002 (Attachment H). 04:52:49 PM Motion Adopt amendment L.001 (Attachment G). Moved Bird Seconded Kipp Benavidez Yes Daugherty Yes Gray Yes Kipp Yes Luck No Rich Yes Sandridge No McKean Excused Tipper Yes Snyder Yes Bird Yes YES: 8 NO: 2 EXC: 1 ABS: 0 FINAL ACTION: PASS 04:53:16 PM Motion Adopt amendment L.002 (Attachment H). Moved Bird Seconded Kipp Benavidez Daugherty Gray Kipp Luck Rich Sandridge McKean Excused Tipper Snyder Bird YES: 0 NO: 0 EXC: 1 ABS: 0 FINAL ACTION: Pass Without Objection 04:56:31 PM Members of the committee commented about their positions on the bill. 04:58:03 PM Motion Refer House Bill 22-1149, as amended, to the Committee on Appropriations. Moved Bird Seconded Gray Benavidez Yes Daugherty Yes Gray Yes Kipp Yes Luck No Rich Yes Sandridge No McKean Excused Tipper Yes Snyder Yes Bird Yes Final YES: 8 NO: 2 EXC: 1 ABS: 0 FINAL ACTION: PASS HB22-1098 - Referred to House Appropriations 04:58:20 PM Representatives Bacon and Bird, cosponsors, presented House Bill 22-1098. The bill requires that DORA audit the occupations they regulate to determine barriers to entry for individuals with a criminal history, and specifies procedures for denying a professional license, certification, or registration. They responded to questions from the committee. 05:10:26 PM The committee continued to discuss the bill with the sponsors. 05:21:16 PM Discussion continued. 05:21:55 PM Dr. Matthew Mitchell, representing the Mercatus Center at George Mason University, testified in a neutral position on the bill. Mr. John Seward, representing himself, testified in support of the bill. Adam Burg, representing Denver Metro Chamber of Commerce, testified in support of the bill. The witnesses responded to questions from the committee. 05:31:52 PM The sponsors wrapped up their presentation of the bill and asked for a favorable recommendation. Members of the committee commented about their positions on the bill. 05:42:48 PM Motion Refer House Bill 22-1098 to the Committee on Appropriations. Moved Bird Seconded Gray Benavidez Yes Daugherty Yes Gray Yes Kipp Yes Luck Yes Rich Yes Sandridge Yes McKean Excused Tipper Yes Snyder Yes Bird Yes Final YES: 10 NO: 0 EXC: 1 ABS: 0 FINAL ACTION: PASS HB22-1126 - Postponed Indefinitely 05:43:04 PM Representative Rich, prime sponsor, presented House Bill 22-1126. For tax years 2022 through 2026, the bill creates a state income tax credit of up to $500 for eligible educators that teach kindergarten through twelfth grade and classroom paraprofessionals that incur certain out-of-pocket classroom expenses. The credit amount is equal to the educator's qualifying classroom expenses in excess of the $250 deduction allowed on their federal income tax return, but not exceeding $750. The tax credit is refundable, meaning if the amount exceeds the taxpayer's state income tax liability, the balance is refunded to the taxpayer. Eligible educators filing a joint income tax return may each claim the full credit. She responded to questions from the committee. 05:50:06 PM The committee continued to discuss the bill with the sponsor. Ed DeCecco, representing the Office of Legislative Legal Services, came to the table to respond to committee questions. 06:00:21 PM Representative Rich wrapped up her presentation of the bill and asked for a favorable recommendation. 06:01:47 PM Members of the committee commented about their positions on the bill. 06:12:40 PM Motion Refer House Bill 22-1126 to the Committee on Appropriations. Moved Rich Seconded Snyder Benavidez No Daugherty Yes Gray No Kipp No Luck Yes Rich Yes Sandridge Yes McKean Excused Tipper No Snyder No Bird Yes YES: 5 NO: 5 EXC: 1 ABS: 0 FINAL ACTION: FAIL 06:13:37 PM Motion Postpone House Bill 22-1126 indefinitely. Moved Snyder Seconded Benavidez Benavidez Yes Daugherty Yes Gray Yes Kipp Yes Luck No Rich No Sandridge No McKean Excused Tipper Yes Snyder Yes Bird Yes Final YES: 7 NO: 3 EXC: 1 ABS: 0 FINAL ACTION: PASS 06:13:30 PM Written testimony on multiple bills from the hearing is included as Attachment I. 06:13:46 PM The committee adjourned.