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S_FIN_2025A 01/28/2025 02:03:37 PM Committee Summary

PUBLIC
STAFF SUMMARY OF MEETING
SENATE COMMITTEE ON FINANCE
Date 01/28/2025
Attendance
Bright X
Frizell *
Gonzales J. E
Kolker X
Mullica X
Simpson X
Snyder X
Marchman X
Kipp X
Time 02:03:37 PM to 03:06:19 PM
Place SCR 357
This Meeting was called to order by Kipp
This Report was prepared by Katie Ruedebusch
Hearing Items Action Taken
SB25-046 Amended, referred to the Committee of the Whole - Consent Calendar
SB25-018 Referred to Senate Appropriations
SB25-019 Referred to the Committee of the Whole - Consent Calendar
SB25-016 Amended, referred to the Committee of the Whole
SB25-013 Amended, referred to Senate Appropriations

02:03:39 PM
The Chair made some opening remarks.



SB25-046 - Amended, referred to the Committee of the Whole - Consent Calendar
02:06:41 PM  
Sen. Kipp introduced Senate Bill 25-046. The bill establishes confidentiality standards for third-party auditors and creates a new misdemeanor for those who violate those confidentiality requirements.
02:08:15 PM  
Michael Gifford, representing AGC Colorado, testified in support of the bill. Judy Vorndran, representing Simplify Colorado Sales Tax, testified in support of the bill. Elizabeth Haskell, representing Colorado Municipal League, testified in support of the bill.


02:16:20 PM
 Motion Adopt amendment L.001 (Attachment A)
Moved Kipp
Seconded
Bright
Frizell
Gonzales J. Excused
Kolker
Mullica
Simpson
Snyder
Marchman
Kipp
YES: 0   NO: 0   EXC: 1   ABS:  0   FINAL ACTION:  Pass Without Objection


02:17:57 PM
 Motion Refer Senate Bill 25-046, as amended, to the Committee of the Whole and with a recommendation that it be placed on the consent calendar.
Moved Kipp
Seconded
Bright Yes
Frizell Yes
Gonzales J. Excused
Kolker Yes
Mullica Yes
Simpson Yes
Snyder Yes
Marchman Yes
Kipp Yes
Final YES: 8   NO: 0   EXC: 1   ABS:  0   FINAL ACTION:  PASS



SB25-018 - Referred to Senate Appropriations
02:18:17 PM  
Sen. Kipp introduced Senate Bill 25-018. The bill directs the Department of Revenue to allow sales tax licenses and use tax exemption certificates to be searchable by name and federal identification number.
02:21:38 PM  
Ms. Judy Vorndran,
representing Simplify Colorado Sales Tax, testified in support of the bill.
Michael Gifford, representing AGC Colorado, testified in support of the
bill. Laura Williams, representing Martin Marietta Materials, testified
in support of the bill. Written testimony may be found in Attachment B.


02:27:04 PM
 Motion Refer Senate Bill 25-018 to the Committee on Appropriations.
Moved Kipp
Seconded
Bright Yes
Frizell Yes
Gonzales J. Excused
Kolker Yes
Mullica Yes
Simpson Yes
Snyder Yes
Marchman Yes
Kipp Yes
Final YES: 8   NO: 0   EXC: 1   ABS:  0   FINAL ACTION:  PASS



SB25-019 - Referred to the Committee of the Whole - Consent Calendar
02:27:33 PM  
Sens. Snyder and Rich introduced Senate Bill 25-019. The bill allows the use of the most recent or a prior version of the National Geodetic Survey’s state plane coordinate system.
02:28:35 PM  
Warren Ward, representing
themself, testified in support of the bill. Mr. Brian Shaw, representing
NOAA's National Geodetic Survey, was available to answer committee questions.
Scott Thompson, representing the Professional Land Surveyors of Colorado,
testified in support of the bill. The witnesses answered several committee
questions.


02:38:38 PM
 Motion Refer Senate Bill 25-019 to the Committee of the Whole and with a recommendation that it be placed on the consent calendar.
Moved Snyder
Seconded
Bright Yes
Frizell Yes
Gonzales J. Excused
Kolker Yes
Mullica Yes
Simpson Yes
Snyder Yes
Marchman Yes
Kipp Yes
Final YES: 8   NO: 0   EXC: 1   ABS:  0   FINAL ACTION:  PASS



SB25-016 - Amended, referred to the Committee of the Whole
02:39:09 PM  
Sen. Snyder introduced Senate Bill 25-016. The bill modifies the types of funds that are available for immediate withdrawal in real estate transactions.
02:40:17 PM  
Eric Snyder, representing the Colorado Bar Association, testified to amend the bill. Alison Morgan, representing the Colorado Bankers Association, testified to amend the bill. Brian Phillips, representing the Land Title Association of Colorado, testified in support of the bill.


02:49:09 PM
 Motion Adopt amendment L.002 (Attachment C)
Moved Snyder
Seconded
Bright
Frizell
Gonzales J. Excused
Kolker
Mullica
Simpson
Snyder
Marchman
Kipp
YES: 0   NO: 0   EXC: 1   ABS:  0   FINAL ACTION:  Pass Without Objection


02:51:27 PM
 Motion Refer Senate Bill 25-016, as amended, to the Committee of the Whole.
Moved Snyder
Seconded
Bright Yes
Frizell Yes
Gonzales J. Excused
Kolker Yes
Mullica Yes
Simpson Yes
Snyder Yes
Marchman Excused
Kipp Yes
Final YES: 7   NO: 0   EXC: 2   ABS:  0   FINAL ACTION:  PASS



SB25-013 - Amended, referred to Senate Appropriations
02:51:39 PM  
Senator Mullica introduced Senate Bill 25-013. For tax years 2025 and 2026, the bill extends a refundable income tax credit for senior taxpayers with incomes up to $75,000 for single filers and $125,000 for joint filers who have not claimed a homestead property tax exemption.
02:53:06 PM  
Dennis Valentine,
representing AARP Colorado, testified in support of the bill. Mr. Tony
Werckman, representing Division of Property Taxation, was available to
answer committee questions. Written testimony may be found in Attachment
D.


03:00:57 PM
 Motion Adopt amendment L.001 (Attachment E)
Moved Mullica
Seconded
Bright
Frizell
Gonzales J. Excused
Kolker
Mullica
Simpson
Snyder
Marchman
Kipp
YES: 0   NO: 0   EXC: 1   ABS:  0   FINAL ACTION:  Pass Without Objection


03:05:44 PM
 Motion Refer Senate Bill 25-013, as amended, to the Committee on Appropriations.
Moved Mullica
Seconded
Bright Yes
Frizell Yes
Gonzales J. Excused
Kolker Yes
Mullica Yes
Simpson Yes
Snyder Yes
Marchman Yes
Kipp Yes
Final YES: 8   NO: 0   EXC: 1   ABS:  0   FINAL ACTION:  PASS


03:06:19 PM   The committee adjourned.






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