H_FIN_2022A 04/14/2022 12:40:25 PM Committee Summary PUBLICSTAFF SUMMARY OF MEETINGHOUSE COMMITTEE ON FINANCE Date 04/14/2022 Attendance Benavidez X Daugherty X Kipp X Larson X Luck * Michaelson Jenet X Sandridge X Soper * Tipper * Snyder * Bird X Time 12:40:25 PM to 02:15:41 PM Place HCR 0112 This Meeting was called to order by Bird This Report was prepared by Jessika Shipley Hearing Items Action Taken hHB22-1233 Amended, referred to House Appropriations hHB22-1119 Amended, referred to House Appropriations hHB22-1310 Referred to House Appropriations hHB22-1320 Amended, referred to House Appropriations HB22-1233 - Amended, referred to House Appropriations Attachment Tag File Name Attachment http://www2.leg.state.co.us/CLICS/CLICS2022A/commsumm.nsf/0/91C61159A3FD...$File/Attachment A HB1233_L.010.pdf?OpenElement Attachment A HB1233_L.010.pdf Attachment http://www2.leg.state.co.us/CLICS/CLICS2022A/commsumm.nsf/0/8564F2A77686...$File/Attachment B HB1233_L.011.pdf?OpenElement Attachment B HB1233_L.011.pdf Attachment http://www2.leg.state.co.us/CLICS/CLICS2022A/commsumm.nsf/0/B1553A1A77F4...$File/Attachment C HB1233_L.012.pdf?OpenElement Attachment C HB1233_L.012.pdf 12:40:36 PM Representatives Lontine and Soper returned to the committee to address House Bill 22-1233. The bill was originally heard before the committee on Monday, April 11. Amendments L.010 (Attachment A), L.011 (Attachment B), and L.012 (Attachment C) were distributed. Representative Lontine explained L.010. 12:48:19 PM Representative Daugherty explained L.012, which is a substitute for L.010. 12:52:00 PM The committee discussed the competing amendments. 01:15:15 PM Motion Adopt amendment L.012 (Attatchment C). Moved Daugherty Seconded Kipp Benavidez Yes Daugherty Yes Kipp No Larson Yes Luck No Michaelson Jenet Yes Sandridge Yes Soper No Tipper No Snyder No Bird No YES: 5 NO: 6 EXC: 0 ABS: 0 FINAL ACTION: FAIL 01:17:27 PM Motion Adopt amendment L.011 (Attachment B). Moved Soper Seconded Kipp Benavidez Daugherty Kipp Larson Luck Michaelson Jenet Sandridge Soper Tipper Snyder Bird YES: 0 NO: 0 EXC: 0 ABS: 0 FINAL ACTION: Withdrawn 01:18:40 PM Motion Adopt amendment L.010 (Attachment A). Moved Soper Seconded Kipp Benavidez No Daugherty No Kipp Yes Larson No Luck No Michaelson Jenet No Sandridge Yes Soper Yes Tipper Yes Snyder Yes Bird Yes YES: 6 NO: 5 EXC: 0 ABS: 0 FINAL ACTION: PASS 01:18:47 PM The sponsors made closing remarks. 01:21:12 PM Members of the committee commented on their positions on the bill. 01:23:54 PM Motion Refer House Bill 22-1233, as amended, to the Committee on Appropriations. Moved Soper Seconded Kipp Benavidez No Daugherty Yes Kipp Yes Larson No Luck Yes Michaelson Jenet Yes Sandridge No Soper Yes Tipper Yes Snyder Yes Bird Yes Final YES: 8 NO: 3 EXC: 0 ABS: 0 FINAL ACTION: PASS HB22-1119 - Amended, referred to House Appropriations Attachment Tag File Name Attachment http://www2.leg.state.co.us/CLICS/CLICS2022A/commsumm.nsf/0/8756514A539C...$File/Attachment D HB1119_L.006.pdf?OpenElement Attachment D HB1119_L.006.pdf Attachment http://www2.leg.state.co.us/CLICS/CLICS2022A/commsumm.nsf/0/DDC6093C171A...$File/Attachment E HB1119_L.007.pdf?OpenElement Attachment E HB1119_L.007.pdf 01:24:08 PM Representative Gray, prime sponsor, presented House Bill 22-1119. The bill establishes penalties, procedures, and limitations regarding any individual who defrauds the state, a county, or a municipality. 01:27:53 PM Mrs. Victoria Edwards, representing the Colorado Chamber of Commerce, testified in a neutral position on the bill. 01:29:17 PM Steve Kaufmann, representing the Department of Law, testified in support of the bill. 01:29:51 PM Jan Zavislan, representing the Department of Law, testified in support of the bill. 01:31:15 PM Amendments L.006 (Attachment D) and L.007 (Attachment E) were distributed to the committee. 01:33:35 PM Motion Adopt amendment L.006 (Attachment D). Moved Snyder Seconded Kipp Benavidez Daugherty Kipp Larson Luck Michaelson Jenet Sandridge Soper Tipper Snyder Bird YES: 0 NO: 0 EXC: 0 ABS: 0 FINAL ACTION: Pass Without Objection 01:35:13 PM Motion Adopt amendment L.007 (Attachment E). Moved Snyder Seconded Kipp Benavidez Daugherty Kipp Larson Luck Michaelson Jenet Sandridge Soper Tipper Snyder Bird YES: 0 NO: 0 EXC: 0 ABS: 0 FINAL ACTION: Pass Without Objection 01:37:47 PM Motion Refer House Bill 22-1119, as amended, to the Committee on Appropriations. Moved Snyder Seconded Tipper Benavidez Yes Daugherty Yes Kipp Yes Larson No Luck No Michaelson Jenet Yes Sandridge No Soper Yes Tipper Yes Snyder Yes Bird Yes Final YES: 8 NO: 3 EXC: 0 ABS: 0 FINAL ACTION: PASS HB22-1310 - Referred to House Appropriations Attachment Tag File Name Attachment http://www2.leg.state.co.us/CLICS/CLICS2022A/commsumm.nsf/0/F42BB20127A1...$File/Attachment F.pdf?OpenElement Attachment F.pdf 01:37:59 PM Representatives Kipp and Larson, co-sponsors, presented House Bill 22-1310. The bill defines expenditures from a 529 account for certain apprenticeship programs as eligible distributions, and therefore not subject to tax recapture under state law. They provided a fact sheet about the bill (Attachment F) and responded to questions from the committee. 01:41:51 PM Ms. Angela Baier, representing CollegeInvest, testified in support of the bill. 01:43:55 PM Mr. Joseph Carlson, representing himself, testified in support of the bill. 01:46:13 PM The witnesses responded to questions from the committee. 01:54:08 PM Mr. Brent Jones, representing the National Association of Insurance and Financial Advisors, testified in support of the bill. 01:56:14 PM Jeff Stupak, representing Legislative Council Staff, came to the table to respond to questions about the fiscal note. 01:59:21 PM The sponsors made closing remarks and asked for a favorable recommendation. Members of the committee commented on their positions on the bill. 02:02:35 PM Motion Refer House Bill 22-1310 to the Committee on Appropriations. Moved Kipp Seconded Larson Benavidez No Daugherty Yes Kipp Yes Larson Yes Luck Yes Michaelson Jenet Yes Sandridge Yes Soper Yes Tipper Yes Snyder Yes Bird Yes Final YES: 10 NO: 1 EXC: 0 ABS: 0 FINAL ACTION: PASS HB22-1320 - Amended, referred to House Appropriations Attachment Tag File Name Attachment http://www2.leg.state.co.us/CLICS/CLICS2022A/commsumm.nsf/0/47A32C2A0E47...$File/Attachment G.pdf?OpenElement Attachment G.pdf Attachment http://www2.leg.state.co.us/CLICS/CLICS2022A/commsumm.nsf/0/2D38FCBD145B...$File/Attachment H HB1320_L.003.pdf?OpenElement Attachment H HB1320_L.003.pdf 02:02:49 PM Representatives Kipp and Larson, co-sponsors, presented House Bill 22-1320. The bill modifies the administration and operation of accounts under the Achieving a Better Life Experience savings program. They distributed a fact sheet (Attachment G) and amendment L.003 (Attachment H). 02:08:30 PM Mr. Brent Jones, representing National Association of Insurance and Financial Advisors (NAIFA-CO), testified in support of the bill. 02:10:53 PM Mr. Mike Keglovits, representing ColoradoABLE, testified in support of the bill. 02:11:21 PM The witnesses responded to questions from the committee. 02:13:56 PM Motion Adopt amendment L.003 (Attachment H). Moved Larson Seconded Kipp Benavidez Daugherty Kipp Larson Luck Michaelson Jenet Sandridge Soper Tipper Snyder Bird YES: 0 NO: 0 EXC: 0 ABS: 0 FINAL ACTION: Pass Without Objection 02:15:22 PM Motion Refer House Bill 22-1320, as amended, to the Committee on Appropriations. Moved Kipp Seconded Larson Benavidez No Daugherty Yes Kipp Yes Larson Yes Luck Yes Michaelson Jenet Yes Sandridge Yes Soper Yes Tipper Yes Snyder Yes Bird Yes Final YES: 10 NO: 1 EXC: 0 ABS: 0 FINAL ACTION: PASS 02:15:41 PM The committee adjourned.
