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H_FIN_2024B 08/26/2024 11:13:36 AM Committee Summary

PUBLIC
STAFF SUMMARY OF MEETING
HOUSE COMMITTEE ON FINANCE
Date 08/26/2024
Attendance
Bradfield X
Daugherty X
Garcia X
Hartsook X
Holtorf X
Kipp X
Lindstedt X
Marshall X
Weinberg X
McCormick X
Snyder X
Time 11:13:36 AM to 02:35:36 PM
Place LSB B
This Meeting was called to order by Snyder
This Report was prepared by Jessika Shipley
Hearing Items Action Taken
HB24B-1004 Postponed Indefinitely
HB24B-1006 Postponed Indefinitely
HB24B-1009 Postponed Indefinitely

HB24B-1005 - Committee Discussion Only
11:14:52 AM  
Representative Garcia, prime sponsor, presented House Bill 24B-1005. The bill makes changes to the value reductions for residential property in non-school local government entities starting in property tax year 2025. She responded to questions from the committee.
11:28:31 AM  
The committee took a brief recess.
11:56:15 AM  
The committee returned to order.
11:57:29 AM  
Representative Garcia
reintroduced House Bill 24B-1005 due to earlier audio problems and discussed
the bill with the committee.
11:59:08 AM  
Representative Garcia continued to respond to questions from the committee.
12:11:54 PM  
The committee continued
to discuss the bill with Representative Garcia.
12:20:05 PM  
Elizabeth Ramey, representing Legislative Council Staff, responded to committee questions about the fiscal impact of the bill.
12:25:10 PM  
Mr. Jonathan Cappelli, representing the Neighborhood Development Collaborative, testified in support of the bill.
12:27:51 PM  
Mr. Keith Erffmeyer, representing the Colorado Assessor's Association, testified in a neutral position on the bill.
12:31:00 PM  
Mr. Tony Werckman, representing the Department of Local Affairs, Division of Property Taxation, was available to answer committee questions.
12:35:15 PM  
The witnesses responded to questions from the committee.
12:44:23 PM  
Representative Garcia wrapped up her testimony on the bill and asked for a favorable recommendation. Members of the committee commented on their positions on the bill.



HB24B-1005 - Postponed Indefinitely


12:57:40 PM
 Motion Refer House Bill 24B-1005 to the Committee of the Whole.
Moved Garcia
Seconded Kipp
Bradfield No
Daugherty No
Garcia Yes
Hartsook No
Holtorf No
Kipp Yes
Lindstedt No
Marshall Yes
Weinberg No
McCormick No
Snyder No
YES: 3   NO: 8   EXC: 0   ABS:  0   FINAL ACTION:  FAIL


12:58:06 PM
 Motion Postpone House Bill 24B-1005 indefinitely using a reversal of the previous roll call. There was no objection to the use of the reverse roll call, therefore, the bill was postponed indefinitely.
Moved Kipp
Seconded McCormick
Bradfield Yes
Daugherty Yes
Garcia No
Hartsook Yes
Holtorf Yes
Kipp No
Lindstedt Yes
Marshall No
Weinberg Yes
McCormick Yes
Snyder Yes
Final YES: 8   NO: 3   EXC: 0   ABS:  0   FINAL ACTION:  PASS



HB24B-1004 - Postponed Indefinitely
12:58:19 PM  
Representative Clifford,
prime sponsor, presented House Bill 24B-1004. The bill makes changes to
the reduction in valuations for residential property in non-school local
government entities starting in property tax year 2026. The bill may decrease
and increase local property tax revenue, depending on the area.
01:01:56 PM  
Mr. Keith Erffmeyer, representing the Colorado Assessor's Association, testified in a neutral position on the bill.
01:05:13 PM  
Mr. Jonathan Cappelli, representing the Neighborhood Development Collaborative, testified in support of the bill.
01:08:24 PM  
The witnesses responded to questions from the committee.
01:16:57 PM  
Elizabeth Ramey, representing Legislative Council Staff, responded to questions about the fiscal note.
01:26:23 PM  
The committee continued discussing the bill and the fiscal note with Ms. Ramey and the witnesses.
01:32:49 PM  
The committee took a brief recess.
01:40:57 PM  
The committee returned to order.
01:44:21 PM  
Representative Clifford
explained amendment L.001 (Attachment A).


01:44:23 PM
 Motion Adopt amendment L.001 (Attachment A).
Moved Marshall
Seconded Lindstedt
Bradfield
Daugherty
Garcia
Hartsook
Holtorf
Kipp
Lindstedt
Marshall
Weinberg
McCormick
Snyder
YES: 0   NO: 0   EXC: 0   ABS:  0   FINAL ACTION:  Pass Without Objection
01:44:34 PM  
Representative Clifford made closing remarks and asked for a favorable recommendation. Members of the committee commented about their positions on the bill.


01:59:09 PM
 Motion Refer House Bill 24B-1004, as amended, to the Committee of the Whole.
Moved Garcia
Seconded Kipp
Bradfield No
Daugherty No
Garcia Yes
Hartsook No
Holtorf No
Kipp No
Lindstedt No
Marshall No
Weinberg No
McCormick No
Snyder No
YES: 1   NO: 10   EXC: 0   ABS:  0   FINAL ACTION:  FAIL


01:59:34 PM
 Motion Postpone House Bill 24B-1004 indefinitely using a reversal of the previous roll call. There was no objection to the use of the reverse roll call, therefore, the bill was postponed indefinitely.
Moved Kipp
Seconded Daugherty
Bradfield Yes
Daugherty Yes
Garcia No
Hartsook Yes
Holtorf Yes
Kipp Yes
Lindstedt Yes
Marshall Yes
Weinberg Yes
McCormick Yes
Snyder Yes
Final YES: 10   NO: 1   EXC: 0   ABS:  0   FINAL ACTION:  PASS



HB24B-1006 - Postponed Indefinitely
02:00:11 PM  
Representative Luck,
substituting for the bill's sponsor, Representative DeGraaf, presented
House Bill 24B-1006. The bill increases homestead exemptions for qualifying
seniors, veterans with a disability, and Gold Star surviving spouses starting
in property tax year 2025. She responded to questions from the committee.
02:13:57 PM  
Mr. Tony Werckman, representing Department of Local Affairs, Division of Property Taxation, was available to answer committee questions.
02:17:10 PM  

Representative Luck distributed and explained amendment L.001 (Attachment B).



02:17:12 PM
 Motion Adopt amendment L.001 (Attachment B).
Moved Kipp
Seconded Weinberg
Bradfield
Daugherty
Garcia
Hartsook
Holtorf
Kipp
Lindstedt
Marshall
Weinberg
McCormick
Snyder
YES: 0   NO: 0   EXC: 0   ABS:  0   FINAL ACTION:  Pass Without Objection


02:19:06 PM
 Motion Refer House Bill 24B-1006, as amended, to the Committee on Appropriations.
Moved Weinberg
Seconded Holtorf
Bradfield Yes
Daugherty No
Garcia No
Hartsook Yes
Holtorf Yes
Kipp No
Lindstedt No
Marshall No
Weinberg Yes
McCormick No
Snyder No
YES: 4   NO: 7   EXC: 0   ABS:  0   FINAL ACTION:  FAIL


02:19:25 PM
 Motion Postpone House Bill 24B-1006 indefinitely using a reversal of the previous roll call. There was no objection to the use of the reverse roll call, therefore, the bill was postponed indefinitely.
Moved Kipp
Seconded Lindstedt
Bradfield No
Daugherty Yes
Garcia Yes
Hartsook No
Holtorf No
Kipp Yes
Lindstedt Yes
Marshall Yes
Weinberg No
McCormick Yes
Snyder Yes
Final YES: 7   NO: 4   EXC: 0   ABS:  0   FINAL ACTION:  PASS



HB24B-1009 - Postponed Indefinitely
02:19:34 PM  
Representative Vigil, prime sponsor, presented House Bill 24B-1009. The bill authorizes certain special districts to seek voter approval to waive any limitation created in state law on collecting, retaining, or spending property tax revenue. She responded to questions from the committee.
02:31:12 PM  
The committee continued to discuss the bill with Representative Vigil.


02:34:51 PM
 Motion Refer House Bill 24B-1009 to the Committee of the Whole.
Moved Kipp
Seconded Weinberg
Bradfield No
Daugherty No
Garcia Yes
Hartsook No
Holtorf No
Kipp Yes
Lindstedt No
Marshall No
Weinberg Yes
McCormick No
Snyder Yes
YES: 4   NO: 7   EXC: 0   ABS:  0   FINAL ACTION:  FAIL


02:35:15 PM
 Motion Postpone House Bill 24B-1009 indefinitely using a reversal of the previous roll call. There was no objection to the use of the reverse roll call, therefore, the bill was postponed indefinitely.
Moved Kipp
Seconded Weinberg
Bradfield Yes
Daugherty Yes
Garcia No
Hartsook Yes
Holtorf Yes
Kipp No
Lindstedt Yes
Marshall Yes
Weinberg No
McCormick Yes
Snyder No
Final YES: 7   NO: 4   EXC: 0   ABS:  0   FINAL ACTION:  PASS


02:35:36 PM   The committee adjourned.






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