I_LOCC_TPTF_2023A 08/24/2023 10:05:39 AM Committee Summary PUBLICSTAFF SUMMARY OF MEETINGINTERIM COMMITTEE LEGISLATIVE OVERSIGHT COMMITTEE CONCERNING TAX POLICY & TASK FORCE Date 08/24/2023 Attendance Frizell X Kolker X Liston X Marshall X Hansen X Weissman X Time 10:05:39 AM to 02:53:52 PM Place Old State Library This Meeting was called to order by Weissman This Report was prepared by Katie Ruedebusch Hearing Items Action Taken hWelcome and Opening Remarks Committee Discussion Only hCommittee Overview and Scope of Work Committee Discussion Only hOffice of the State Auditor Tax Expenditure Reports Committee Discussion Only hOther Business Committee Discussion Only Welcome and Opening Remarks - Committee Discussion Only 10:05:50 AM The Chair made some opening remarks and discussed the day's agenda. Committee Overview and Scope of Work - Committee Discussion Only 10:06:16 AM Katie Ruedebusch, Legislative Council Staff, gave a brief overview of the committee and discussed other business. The committee will meet on October 31 to finalize bill drafts. Office of the State Auditor Tax Expenditure Reports - Committee Discussion Only Attachment Tag File Name Attachment A http://www2.leg.state.co.us/CLICS/CLICS2023A/commsumm.nsf/0/DCC3DF56EE64...$File/Attachment A.pdf?OpenElement Attachment A.pdf 10:14:28 AM Mr. James Taurman, Office of the State Auditor (OSA), provided an overview of the tax expenditure reports that the office will present to the committee. A compilation of all reports may be found in Attachment A. 10:17:18 AM Mr. Taurman continued by discussing the catastrophic health insurance deduction. 10:25:52 AM Mr. Taurman continued by discussing the medical savings account deductions. He answered several committee questions. 10:31:05 AM Mr. Taurman continued by discussing the nonresident disaster relief worker subtraction. Mr. Trey Standley, OSA, came to the table to answer a committee question. 10:46:12 AM Mr. Standley, in response to a committee question, discussed available data, or lack thereof, on certain tax deductions and credits. 10:48:00 AM Mr. Taurman continued with the Colorado tuition program deduction. 10:58:51 AM Committee discussion ensued on the tuition program deduction. 10:59:09 AM Mr. Taurman continued by discussing the low-emitting vehicles and commercial vehicles used in interstate commerce exemptions. 11:05:06 AM Ms. Kim Tinnell, OSA, presented on the rural broadband equipment refund. 11:12:19 AM Committee discussion ensued on the rural broadband equipment refund. 11:16:29 AM Ms. Tinnell continued by discussing the components used to produce renewable energy exemption. 11:21:59 AM Ms. Tinnell continued by discussing the non-resident aircraft sales and aircraft parts exemptions. 11:38:15 AM Ms. Tinnell continued by discussing marijuana-related tax expenditures. 11:54:02 AM Committee discussion on the medical marijuana sales tax exemption for indigent patients. 11:55:02 AM The committee recessed for lunch. 01:08:14 PM The committee came back to order. 01:08:40 PM Ms. Tinnell presented on the rural & frontier healthcare preceptor credit. 01:19:58 PM Mr. Taurman responded to a committee question on potential bill sponsors and the tax expenditure reports. 01:26:37 PM Ms. Jacquelyn Combellick, OSA, came to the table to discuss the Colorado Works Program employer credit. 01:35:24 PM Ms. Combellick continued by discussing the school-to-career expenses credit. 01:38:57 PM Ms. Combellick continued by discussing the job growth credit. 01:51:29 PM Committee discussion continued with Ms. Combellick regarding the job growth credit. 01:56:57 PM Ms. Combellick continued by discussing the wildfire mitigation deduction. 02:01:15 PM Ms. Combellick continued by discussing the biotechnology sales and use tax refund. 02:06:25 PM Mr. Greg Sobetski, Legislative Council Staff, answered a question regarding previous TABOR tax refund mechanisms. 02:09:49 PM Ms. Meghan Westmoreland, OSA, began with a discussing the military service persons reacquiring Colorado residency deduction. 02:18:11 PM Ms. Westmoreland continued by discussing the child care facility investment credits. 02:25:09 PM Ms. Westmoreland continued by discussing the first-time home buyer savings account deduction. 02:36:43 PM Ms. Westmoreland continued by discussing the home modification tax credit. 02:47:30 PM Ms. Westmoreland continued by discussing aviation fuel exemptions. Other Business - Committee Discussion Only 02:52:51 PM The committee set a meeting for October 31 to approve any bill drafts. Chair Weissman thanked OSA staff for their presentations. 02:53:52 PM The committee adjourned.
