H_FIN_2022A 03/10/2022 10:34:35 AM Committee Summary PUBLICSTAFF SUMMARY OF MEETINGHOUSE COMMITTEE ON FINANCE Date 03/10/2022 Attendance Benavidez X Daugherty X Gray X Kipp * Luck X Mullica X Rich X Sandridge X Soper * Snyder X Bird X Time 10:34:35 AM to 11:57:13 AM Place HCR 0112 This Meeting was called to order by Bird This Report was prepared by Jessika Shipley Hearing Items Action Taken hSB22-026 Amended, referred to the Committee of the Whole hHB22-1124 Postponed Indefinitely SB22-026 - Amended, referred to the Committee of the Whole Attachment Tag File Name Attachment http://www2.leg.state.co.us/CLICS/CLICS2022A/commsumm.nsf/0/9E8C4F795C50...$File/SB026_L.001 Attachment A.pdf?OpenElement SB026_L.001 Attachment A.pdf 10:36:01 AM Representatives Boesenecker and Rich, co-sponsors, presented Senate Bill 22-026. The bill specifies that oil and gas fractional interest owners are not entitled to separate notification procedures by the county assessor. They distributed amendment L.001 (Attachment A) and responded to questions from the committee. 10:42:45 AM Ms. Brenda Dones, representing the Colorado Assessors' Association, testified in support of the bill. She responded to questions from the committee. 10:56:24 AM The committee continued to ask Ms. Dones questions about oil and gas property taxation. 11:13:51 AM Representative Rich related comments from the Mesa County Assessor. 11:15:14 AM Mr. Jim Cole, representing the Colorado Oil and Gas Association, testified in support of the bill. He responded to questions from the committee. 11:25:21 AM Motion Adopt amendment L.001 (Attachment A). Moved Rich Seconded Snyder Benavidez Daugherty Gray Kipp Luck Mullica Rich Sandridge Soper Snyder Bird YES: 0 NO: 0 EXC: 0 ABS: 0 FINAL ACTION: Pass Without Objection 11:25:25 AM The sponsors made closing remarks and asked for a favorable recommendation. 11:27:13 AM Members of the committee commented about their positions on the bill. 11:30:05 AM Motion Refer Senate Bill 22-026, as amended, to the Committee of the Whole. Moved Rich Seconded Snyder Benavidez Yes Daugherty Yes Gray Yes Kipp Yes Luck Yes Mullica Yes Rich Yes Sandridge Yes Soper Yes Snyder Yes Bird Yes Final YES: 11 NO: 0 EXC: 0 ABS: 0 FINAL ACTION: PASS HB22-1124 - Postponed Indefinitely 11:30:24 AM Representative Pelton, prime sponsor, presented House Bill 22-1124. The bill creates a refundable $750 income tax credit for individuals that purchase a new motor vehicle while recycling their old vehicle. He responded to questions from the committee. 11:37:06 AM Mr. Travis Madsen, representing the Southwest Energy Efficiency Project, testified in opposition to the bill. 11:39:30 AM Ms. Amber Egbert, representing the Colorado Department of Revenue, joined the committee to respond to questions. 11:48:50 AM Representative Pelton made closing remarks. 11:50:45 AM Members of the committee commented about their positions on the bill. 11:55:42 AM Motion Refer House Bill 22-1124 to the Committee on Appropriations. Moved Snyder Seconded Rich Benavidez No Daugherty No Gray No Kipp No Luck No Mullica Yes Rich Yes Sandridge No Soper Yes Snyder Yes Bird Yes YES: 5 NO: 6 EXC: 0 ABS: 0 FINAL ACTION: FAIL 11:56:59 AM Motion Postpone House Bill 22-1124 indefinitely. Moved Snyder Seconded Soper Benavidez Yes Daugherty Yes Gray Yes Kipp Yes Luck Yes Mullica No Rich No Sandridge Yes Soper Yes Snyder Yes Bird Yes Final YES: 9 NO: 2 EXC: 0 ABS: 0 FINAL ACTION: PASS 11:57:13 AM The committee adjourned.
