S_FIN_2024A 03/05/2024 02:01:43 PM Committee Summary PUBLICSTAFF SUMMARY OF MEETINGSENATE COMMITTEE ON FINANCE Date 03/05/2024 Attendance Hansen * Marchman X Simpson X Smallwood X Van Winkle X Kolker X Mullica X Time 02:01:43 PM to 05:47:58 PM Place SCR 357 This Meeting was called to order by Mullica This Report was prepared by Matthew Becker Hearing Items Action Taken hConf 24-Revenue — Executive Director — Department Of Favorably Refer to Full Senate - Consent Calendar hConf 24-Governmental Accounting — Advisory Committee On Favorably Refer to Full Senate - Consent Calendar hConf 24-Assessment Appeals — Board Of Committee Discussion Only hSB24-076 Amended, referred to Senate Appropriations hSB24-139 Committee Discussion Only hSB24-120 Amended, referred to Senate Appropriations hSB24-126 Amended, referred to Senate Appropriations hHB24-1119 Referred to the Committee of the Whole - Consent Calendar Conf 24-Revenue — Executive Director — Department Of - Favorably Refer to Full Senate - Consent Calendar 02:02:33 PM Mark Ferrandino, Director of the Office of State Planning and Budgeting, introduced Heidi Humphreys, Executive Director of the Colorado Department of Revenue. Ms. Humphreys explained her qualifications to serve as executive director and responded to committee questions. 02:23:32 PM Motion Refer the appointment of Heidi Humphreys to the Conf 24-Revenue — Executive Director — Department Of to the full Senate with a favorable recommendation and with a recommendation that it be placed on the consent calendar. Moved Kolker Seconded Hansen Yes Marchman Yes Simpson Yes Smallwood Yes Van Winkle Yes Kolker Yes Mullica Yes Final YES: 7 NO: 0 EXC: 0 ABS: 0 FINAL ACTION: PASS Conf 24-Governmental Accounting — Advisory Committee On - Favorably Refer to Full Senate - Consent Calendar 02:26:25 PM Motion Refer the appointment of Brenda Richey, Carrie Bartow to the Conf 24-Governmental Accounting — Advisory Committee On to the full Senate with a favorable recommendation and with a recommendation that it be placed on the consent calendar. Moved Kolker Seconded Hansen Yes Marchman Excused Simpson Yes Smallwood Yes Van Winkle Excused Kolker Yes Mullica Yes Final YES: 5 NO: 0 EXC: 2 ABS: 0 FINAL ACTION: PASS Conf 24-Assessment Appeals — Board Of - Favorably Refer to Full Senate - Consent Calendar 02:26:52 PM Melissa Liff, Board of Assessment Appeals, introduced Claudia Crane, Sondra Mercier, John DeRungs, Monte Mullins, Jess Ketchum, Diane DeVries, and Jeb Marsh, appointees to the board. The appointees discussed their qualifications to serve on the board and responded to questions from the committee. 02:38:19 PM Ms. Liff responded to committee questions. 02:45:57 PM Motion Refer the appointments of Claudia Crane, Sondra Mercier, John De Rungs, Monte Mullins, Jess Ketchum, Diane DeVries, and Jeb Marsh to the Conf 24-Assessment Appeals — Board Of to the full Senate with a favorable recommendation and with a recommendation that it be placed on the consent calendar. Moved Kolker Seconded Hansen Yes Marchman Yes Simpson Yes Smallwood Yes Van Winkle Yes Kolker Yes Mullica Yes Final YES: 7 NO: 0 EXC: 0 ABS: 0 FINAL ACTION: PASS Conf 24-Assessment Appeals — Board Of - Committee Discussion Only SB24-076 - Amended, referred to Senate Appropriations Attachment Tag File Name Attachment http://www2.leg.state.co.us/CLICS/CLICS2024A/commsumm.nsf/0/7232FD076369...$File/Attachment A.pdf?OpenElement Attachment A.pdf Attachment http://www2.leg.state.co.us/CLICS/CLICS2024A/commsumm.nsf/0/DEF78FE9B38A...$File/Attachment B.pdf?OpenElement Attachment B.pdf Attachment http://www2.leg.state.co.us/CLICS/CLICS2024A/commsumm.nsf/0/D67525C1487F...$File/Attachment C.pdf?OpenElement Attachment C.pdf 02:46:32 PM Senators Van Winkle and Gonzales, co-prime sponsors, presented SB24-076, which makes various changes to the regulation of marijuana businesses. They responded to committee questions. 02:51:31 PM John Armstrong, Legislative Council Staff, responded to questions about the fiscal note. 03:05:39 PM Jeremy Schupbach, representing Colorado Municipal League, testified to amend the bill. 03:09:03 PM Mr. Christopher Fontes , representing Kairos Venture Group, testified in opposition to the bill. 03:11:31 PM Ms. Liz Zukowski, representing Native Roots Cannabis Co., testified in support of the bill. 03:17:52 PM Mr. Daniel Pabon, representing Colorado Leads, testified in support of the bill. 03:17:57 PM Kara Miller, representing Marijuana Industry Group, testified in support of the bill. 03:20:11 PM Bia Campbell, representing VS Strategies, testified in support of the bill. 03:23:33 PM Mr. Tom Scudder, representing themself, testified in support of the bill. 03:26:59 PM Mr. Michael Diaz-Rivera, representing Better Days Delivery, testified in support of the bill. 03:30:08 PM Mr. Sean Babson, representing Epic Remedy, testified to amend the bill. 03:33:07 PM The witnesses responded to committee questions. 03:35:58 PM Ms. Dominique Mendiola, representing Colorado Department of Revenue Marijuana Enforcement Division, responded to committee questions. 03:54:34 PM Motion Adopt amendment L.001 (Attachment A). Moved Van Winkle Seconded Hansen Marchman Simpson Smallwood Van Winkle Kolker Mullica YES: 0 NO: 0 EXC: 0 ABS: 0 FINAL ACTION: Pass Without Objection 03:57:12 PM Motion Adopt amendment L.004 (Attachment B). Moved Mullica Seconded Hansen Marchman Simpson Smallwood Van Winkle Kolker Mullica YES: 0 NO: 0 EXC: 0 ABS: 0 FINAL ACTION: Pass Without Objection 03:58:25 PM Motion Adopt amendment L.005 (Attachment C). Moved Mullica Seconded Hansen Marchman Simpson Smallwood Van Winkle Kolker Mullica YES: 0 NO: 0 EXC: 0 ABS: 0 FINAL ACTION: Pass Without Objection 04:00:31 PM Motion Refer Senate Bill 24-076, as amended, to the Committee on Appropriations. Moved Van Winkle Seconded Hansen Yes Marchman Yes Simpson Yes Smallwood Yes Van Winkle Yes Kolker Yes Mullica Yes Final YES: 7 NO: 0 EXC: 0 ABS: 0 FINAL ACTION: PASS SB24-139 - Committee Discussion Only Attachment Tag File Name Attachment http://www2.leg.state.co.us/CLICS/CLICS2024A/commsumm.nsf/0/777E6C6BB0D8...$File/Written testimony SB 139.pdf?OpenElement Written testimony SB 139.pdf 04:00:45 PM Senator Gonzales presented SB24-139, which creates the 911 Services Enterprise in the Department of Regulatory Affairs. 04:01:22 PM Ms. Kimberly Culp, representing Larimer Emergency Telephone Authority, testified in opposition to the bill. 04:18:42 PM Ms. Tracy Oldemeyer, representing Larimer Emergency Telephone Authority, testified in opposition to the bill. 04:22:48 PM Scott Weaver, representing Colorado Counties Inc, testified in opposition to the bill. 04:29:24 PM Mr. Jake Lestock, representing CTIA - The Wireless Industry, testified in opposition to the bill. 04:29:46 PM Joseph Benkert, representing Boulder Regional Emergency Telephone Service Authority (BRETSA), testified in support of the bill. 04:34:46 PM JaciMarie Louise, representing Colorado 911 Advisory Task Force Legislative Committee, testified in support of the bill. 04:38:43 PM Todd Holzwarth, representing themself, testified in support of the bill. 04:43:06 PM Connie Johnson, representing Colorado 911 Resource Center, testified in support of the bill. SB24-120 - Amended, referred to Senate Appropriations Attachment Tag File Name Attachment http://www2.leg.state.co.us/CLICS/CLICS2024A/commsumm.nsf/0/2B7A235556A2...$File/Attachment D.pdf?OpenElement Attachment D.pdf 04:44:10 PM Senator Gardner presented SB24-120, which makes several updates to victim compensation. 04:57:16 PM Motion Adopt amendment L.003 (Attachment D). Moved Kolker Seconded Hansen Marchman Simpson Smallwood Van Winkle Kolker Mullica YES: 0 NO: 0 EXC: 0 ABS: 0 FINAL ACTION: Pass Without Objection 04:57:44 PM Motion Refer Senate Bill 24-120, as amended, to the Committee on Appropriations. Moved Kolker Seconded Hansen Yes Marchman Yes Simpson Yes Smallwood Yes Van Winkle Yes Kolker Yes Mullica Yes Final YES: 7 NO: 0 EXC: 0 ABS: 0 FINAL ACTION: PASS SB24-126 - Amended, referred to Senate Appropriations Attachment Tag File Name Attachment http://www2.leg.state.co.us/CLICS/CLICS2024A/commsumm.nsf/0/171B9F265CE7...$File/Attachment E.pdf?OpenElement Attachment E.pdf Attachment http://www2.leg.state.co.us/CLICS/CLICS2024A/commsumm.nsf/0/013046804870...$File/Attachment F.pdf?OpenElement Attachment F.pdf Attachment http://www2.leg.state.co.us/CLICS/CLICS2024A/commsumm.nsf/0/52A0B00FCF8C...$File/Attachment G.pdf?OpenElement Attachment G.pdf Attachment http://www2.leg.state.co.us/CLICS/CLICS2024A/commsumm.nsf/0/3CC8E0A50F68...$File/WRA Testimony SB24-126 Conservation Easement Tax Credit Sen Finance.pdf?OpenElement WRA Testimony SB24-126 Conservation Easement Tax Credit Sen Finance.pdf 04:57:57 PM Senator Winter presented SB24-126, which extends the Conservation Easement Oversight Commission and the program for certifying conservation easement holders indefinitely and increases the maximum amount of conservation easement tax credits that may be certified annually 04:59:35 PM Drew Bennett, representing themself, testified in support of the bill. 05:08:22 PM Gail Klapper, representing The Colorado Forum, testified in support of the bill. 05:10:39 PM Andy Mountain, representing The Colorado Forum, testified in support of the bill. 05:12:03 PM David Miller, representing The Colorado Forum, testified in support of the bill. 05:14:02 PM Suzanne Stephens, representing Aspen Valley Land Trust, testified in support of the bill. 05:16:46 PM Rebecca Kourlis, representing The Colorado Forum, testified in support of the bill. 05:20:04 PM Bob Fanch, representing themself, testified in support of the bill. 05:22:21 PM Jody Barbour, representing themself, was available to answer committee questions. 05:25:22 PM Gaspar Perricone, representing Colorado Wildlife Conservation Project , testified in support of the bill. 05:27:48 PM Ms. Meegan Flenniken, representing themself, testified in support of the bill. 05:30:16 PM Tony Hass, representing Colorado Counties, Inc., testified in support of the bill. 05:34:26 PM Motion Adopt amendment L.007 (Attachment E). Moved Kolker Seconded Hansen Marchman Simpson Excused Smallwood Van Winkle Kolker Mullica YES: 0 NO: 0 EXC: 1 ABS: 0 FINAL ACTION: Pass Without Objection 05:35:55 PM Motion Adopt amendment L.008 (Attachment F). Moved Kolker Seconded Hansen Marchman Simpson Excused Smallwood Van Winkle Kolker Mullica YES: 0 NO: 0 EXC: 1 ABS: 0 FINAL ACTION: Pass Without Objection 05:36:22 PM Motion Adopt amendment L.009 (Attachment G). Moved Kolker Seconded Hansen Marchman Simpson Excused Smallwood Van Winkle Kolker Mullica YES: 0 NO: 0 EXC: 1 ABS: 0 FINAL ACTION: Pass Without Objection 05:36:25 PM Senator Winter provided closing comments on the bill. 05:39:26 PM Motion Refer Senate Bill 24-126, as amended, to the Committee on Appropriations. Moved Kolker Seconded Hansen Yes Marchman Yes Simpson Excused Smallwood Yes Van Winkle Yes Kolker Yes Mullica Yes Final YES: 6 NO: 0 EXC: 1 ABS: 0 FINAL ACTION: PASS HB24-1119 - Referred to the Committee of the Whole - Consent Calendar 05:39:37 PM Senator Smallwood presented HB24-1119, which requires insurance companies paying insurance premium taxes, surplus lines taxes, and other associated state specific insurance tax filings to pay their insurance taxes through a third-party secured web-based application authorized by the Division of Insurance. 05:40:41 PM Rolf Kaumann, representing Division of Insurance, testified in support of the bill. 05:47:50 PM Motion Refer House Bill 24-1119 to the Committee of the Whole and with a recommendation that it be placed on the consent calendar. Moved Smallwood Seconded Hansen Yes Marchman Yes Simpson Yes Smallwood Yes Van Winkle Yes Kolker Yes Mullica Yes Final YES: 7 NO: 0 EXC: 0 ABS: 0 FINAL ACTION: PASS 05:47:51 PM Written Testimony for all bills is included as Attachment H. 05:47:58 PM The committee adjourned.