House Committee on Finance (03/29/2012)

Final
STAFF SUMMARY OF MEETING

HOUSE COMMITTEE ON FINANCE

Date:	03/29/2012	ATTENDANCE

Time:	11:56 AM to 12:21 PM	Acree	X
		Beezley	X
Place:	LSB A	Conti	X
		Holbert	X
This Meeting was called to order by		Hullinghorst	X
	Representative DelGrosso	Kagan	X
		Kefalas	X
This Report was prepared by		Labuda	X
	Ron Kirk	McCann	X
		Pabon	X
		Swalm	X
		Swerdfeger	X
		DelGrosso	X
		X = Present, E = Excused, A = Absent, * = Present after roll call

Bills Addressed:		Action Taken:
SB12-110 SB12-012		Referred to Appropriations Referred to Appropriations

11:56 AM -- Senate Bill 12-110 - Concerning Insurance Fraud

Representative Levy, prime sponsor, explained that Senate Bill 12-110 establishes a two-tier fee schedule for insurance companies based on total income received in Colorado by companies in the prior year. The fee replaces the current fee of $561 and is capped at $3,000. She said that it will be set by the Commissioner of Insurance based on the direct and indirect costs of the investigation and prosecution of allegations of insurance fraud.

The following person testified:

11:59 AM -- Mr. Michael Dougherty, Colorado State Attorney General's Office, testified in support of the bill. He noted that under the bill, insurance companies with income above $1.0 million will pay one fee and those with incomes of less than $1.0 million will pay a lower fee.


BILL:	SB12-110
TIME:	12:09:47 PM
MOVED:	Pabon
MOTION:	Refer Senate Bill 12-110 to the Committee on Appropriations. The motion passed on a vote of 12-0, with 1 member excused.
SECONDED:	Kefalas
		VOTE
	Acree	Yes
	Beezley	Yes
	Conti	Yes
	Holbert	Yes
	Hullinghorst	Yes
	Kagan	Yes
	Kefalas	Yes
	Labuda	Yes
	McCann	Yes
	Pabon	Yes
	Swalm	Excused
	Swerdfeger	Yes
	DelGrosso	Yes

Final YES: 12 NO: 0 EXC: 1 ABS: 0 FINAL ACTION: PASS

12:13 PM -- Senate Bill 12-012 - Concerning Audits of Automobile Emission Facilities

Representative Miklosi, prime sponsor, explained that Senate Bill 12-012 changes the frequency of performance and equipment audits of auto emission testing facilities. Among other things, it decreases the frequency of overt performance audits and increases the frequency of covert performance audits.

The following persons testified:

12:14 PM -- Mr. Eric Johnson, Office of the State Auditor, responded to questions about audits affected by the bill. He noted that under the bill, the Department of Revenue can conduct additional audits under other conditions.

12:17 PM -- Mr. Robert Dawson, representing the Colorado Department of Revenue, responded to committee questions and testified in support of the bill.


BILL:	SB12-012
TIME:	12:18:27 PM
MOVED:	Pabon
MOTION:	Refer Senate Bill 12-012 to the Committee on Appropriations. The motion passed on a vote of 9-4.
SECONDED:	Hullinghorst
		VOTE
	Acree	Yes
	Beezley	No
	Conti	Yes
	Holbert	No
	Hullinghorst	Yes
	Kagan	Yes
	Kefalas	Yes
	Labuda	Yes
	McCann	Yes
	Pabon	Yes
	Swalm	No
	Swerdfeger	Yes
	DelGrosso	No

Final YES: 9 NO: 4 EXC: 0 ABS: 0 FINAL ACTION: PASS

12:21 PM

The committee adjourned.