|
PUBLIC
STAFF SUMMARY OF MEETING
SENATE COMMITTEE ON FINANCE
| Date |
02/06/2020 |
| Attendance |
| Hansen |
* |
| Lundeen |
* |
| Tate |
X |
| Todd |
* |
| Woodward |
X |
| Lee |
X |
| Gonzales |
X |
|
| Time |
11:33:11 AM to 12:36:39 PM |
| Place |
SCR 357 |
| This Meeting was called to order by |
Senator Gonzales |
| This Report was prepared by |
Elizabeth Burger |
|
| Hearing Items |
Action Taken |
| hSB20-021 |
Lay Over |
| hSB20-019 |
Lay Over |
| hSB20-050 |
Postponed Indefinitely |
|
|
|
X = Present, E = Excused, A = Absent, * = Present after roll call |
SB20-021 - Lay Over
|
|
|
11:36:51 AM |
Senator Tate introduced Senate Bill 20-021.
The bill expands certain requirements that must be included in new
state tax expenditure bills or legislation extending an expiring tax expenditure.
He responded to questions from the committee.
|
|
11:37:23 AM |
Amber Egbert, Colorado Department of Revenue,
testified in support of the bill and responded to questions from the committee.
|
|
11:39:27 AM |
Carol Hedges, Colorado Fiscal Institute, testified in support of the bill. She responded to questions from the committee.
|
|
11:52:37 AM |
Senator Tate responded to committee questions
on the bill. Committee discussion continued.
|
|
12:08:11 PM |
Committee members requested that the bill be laid over for action at a future meeting. The chair laid the bill over.
|
SB20-019 - Lay Over
|
|
|
12:09:22 PM |
Senator Tate introduced Senate Bill 20-019. The bill creates the Legislative Oversight Committee Concerning Tax Policy and an associated Task Force Concerning Tax Policy. Senator Tate discussed potential amendments to the bill. Senator Tate responded to questions from the committee.
|
|
12:13:25 PM |
Carol Hedges, Colorado Fiscal Institute, testified in support of the bill.
|
|
12:16:17 PM |
The chair laid the bill over for action at a later date.
|
SB20-050 - Postponed Indefinitely
|
|
|
12:17:04 PM |
Senator Woodward introduced Senate Bill
20-050. The bill creates a state income tax credit of up to $500
for eligible educators that incur certain out-of-pocket expenses. Senator
Woodward discussed legal issues related to the introduction of revenue-raising
bills in the Senate.
|
|
12:19:33 PM |
Amber Egbert, Colorado Department of Revenue, responded to questions from the committee regarding the bill's fiscal note and efforts of the department to prevent fraud with regard to refundable tax credits.
|
|
12:22:59 PM |
Senator Gonzales commented on the bill and a similar bill introduced in the House. The committee discussed the issues related to introducing revenue raising bills in the Senate. Committee members commented on the bill.
|
12:35:36 PM
|
Motion |
Refer Senate Bill 20-050 to the Committee on Appropriations. |
|
| Moved |
Hansen |
|
| Seconded |
|
|
|
|
|
|
Hansen |
No |
|
|
Lundeen |
Yes |
|
|
Tate |
Yes |
|
|
Todd |
No |
|
|
Woodward |
Yes |
|
|
Lee |
No |
|
|
Gonzales |
No |
|
|
|
YES: 3 NO: 4 EXC: 0 ABS: 0 FINAL ACTION: FAIL |
|
|
12:35:46 PM
|
Motion |
Postpone Senate Bill 20-050 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 |
Gonzales |
|
| Seconded |
|
|
|
|
|
|
Hansen |
Yes |
|
|
Lundeen |
No |
|
|
Tate |
No |
|
|
Todd |
Yes |
|
|
Woodward |
No |
|
|
Lee |
Yes |
|
|
Gonzales |
Yes |
|
|
Final |
YES: 4 NO: 3 EXC: 0 ABS: 0 FINAL ACTION: PASS |
|
|
| 12:36:39 PM |
The committee adjourned. |
