Final
STAFF SUMMARY OF MEETING

HOUSE COMMITTEE ON FINANCE

Date:03/13/2013
ATTENDANCE
Time:01:58 PM to 04:36 PM
DelGrosso
X
Foote
*
Place:LSB A
Joshi
*
Kagan
X
This Meeting was called to order by
May
X
Representative Court
Melton
X
Pabon
X
This Report was prepared by
Priola
X
Ron Kirk
Saine
X
Swalm
X
Wilson
X
Labuda
X
Court
X
X = Present, E = Excused, A = Absent, * = Present after roll call
Bills Addressed: Action Taken:
HB13-1142
SB13-050		Amended, Referred to Appropriations
Referred to Appropriations


01:58 PM -- House Bill 13-1142 - Concerning the State Enterprise Zone Program Tax Incentives

Representative Hullinghorst distributed Amendment L.008 (Attachment A) and Amendment L.010 (Attachment B) and explained the impact of the amendments on House Bill 13-1143. She noted that Amendment L.008 caps the 3.0 percent investment tax credit at $750,000 and allows unused credits to be carried forward for 14 years. (This bill was initially heard by the House Finance Committee on February 28, 2013.)

13HseFin0313AttachA.pdf13HseFin0313AttachA.pdf 13HseFin0313AttachB.pdf13HseFin0313AttachB.pdf

The committee discussed the findings of the Enterprise Zone (EZ) Task Force as it relates to House Bill 13-1142.

The following persons testified:

02:12 PM -- Mr. Ken Lund, representing the Colorado Office of Economic Development and International Trade, discussed the findings of the Enterprise Zone Task Force. He noted that 2.6 percent of all businesses reside in EZs.

The committee discussed the findings of the task force as they apply to the prior $1.0 million cap and the $750,000 cap in Amendment L.008.










02:47 PM -- Ms. Natalie Mullis, Legislative Council Staff, responded to questions about the fiscal note and distributed a set of tables on the revenue impacts of the bill (Attachment C).

13HseFin0313AttachC.pdf13HseFin0313AttachC.pdf

02:57 PM -- Mr. Patrick Boyle, representing the Colorado Competitive Council, testified in opposition to the bill, as amended by Amendment L.008.

03:05 PM -- Mr. Tom Clark, Denver Metro Chamber of Commerce, noted that the chamber was withdrawing its support for the bill as amended.

03:11 PM -- Mr. Herb Homan, representing himself, distributed a handout from the Pew Center on the States (Attachment D), commented on the state Enterprise Zone Program, and testified in support of the bill as amended.

13HseFin0313AttachD.pdf13HseFin0313AttachD.pdf

03:20 PM -- Mr. Rich Jones, representing the Bell Policy Center, distributed a handout on his presentation (Attachment E) and testified in support of the bill.

13HseFin0313AttachE.pdf13HseFin0313AttachE.pdf

























BILL:HB13-1142
TIME: 03:25:53 PM
MOVED:Court
MOTION:Moved Amendment L.008 (Attachment A). The motion passed on a vote of 7-6.
SECONDED:Labuda
VOTE
DelGrosso
No
Foote
Yes
Joshi
No
Kagan
Yes
May
Yes
Melton
Yes
Pabon
Yes
Priola
No
Saine
No
Swalm
No
Wilson
No
Labuda
Yes
Court
Yes
YES: 7 NO: 6 EXC: 0 ABS: 0 FINAL ACTION: PASS
BILL:HB13-1142
TIME: 03:31:03 PM
MOVED:DelGrosso
MOTION:Moved Amendment L.009 (Attachment F). The motion failed on a vote of 6-7.

13HseFin0313AttachF.pdf13HseFin0313AttachF.pdf
SECONDED:Swalm
VOTE
DelGrosso
Yes
Foote
No
Joshi
Yes
Kagan
No
May
No
Melton
No
Pabon
No
Priola
Yes
Saine
Yes
Swalm
Yes
Wilson
Yes
Labuda
No
Court
No
YES: 6 NO: 7 EXC: 0 ABS: 0 FINAL ACTION: FAIL

























BILL:HB13-1142
TIME: 03:45:32 PM
MOVED:Court
MOTION:Moved Amendment L.010. The motion passed without objection.
SECONDED:Labuda
VOTE
DelGrosso
Foote
Joshi
Kagan
May
Melton
Pabon
Priola
Saine
Swalm
Wilson
Labuda
Court
YES: 0 NO: 0 EXC: 0 ABS: 0 FINAL ACTION: Pass Without Objection
BILL:HB13-1142
TIME: 03:46:48 PM
MOVED:Court
MOTION:Refer House Bill 13-1142, as amended, to the Committee on Appropriations. The motion passed on a vote of 7-6.
SECONDED:Labuda
VOTE
DelGrosso
No
Foote
Yes
Joshi
No
Kagan
Yes
May
Yes
Melton
Yes
Pabon
Yes
Priola
No
Saine
No
Swalm
No
Wilson
No
Labuda
Yes
Court
Yes
Final YES: 7 NO: 6 EXC: 0 ABS: 0 FINAL ACTION: PASS


03:51 PM -- Senate Bill 13-050 - Concerning the Recycling Resources Economic Development Fund

Representative Coram, prime sponsor, explained that the bill amends statutes relating to the Recycling Resources Economic Opportunity Fund (RREOF). He distributed the following two maps: RREO Grant Program: Fund Distributed by County, FY 2009-2013 (Attachment G); and RREO Rebate Program: Funds Distributed by County, FY 2009-2013 (Attachment H). Representative Coram continued by saying that under current law, the solid waste user fee applicable to commercial vehicles at attended solid waste disposal sites is 7 cents per ton of waste. The bill incrementally increases the fee to 9 cents per ton on January 1, 2014; to 11 cents per ton on January 1, 2015; and to 14 cents per ton on January 1, 2016.

13HseFin0313AttachG.pdf13HseFin0313AttachG.pdf 13HseFin0313AttachH.pdf13HseFin0313AttachH.pdf
















The committee engaged in a discussion on the fee increases in the bill. Representative Coram responded to the committee discussion and asked that witness testimony be heard to respond to some of the committee's questions.

The following persons testified.

04:03 PM -- Ms. Marjorie Griek, representing the Colorado Association for Recycling, testified in support of the bill.

04:24 PM -- Mr. Alek Orloff, representing Alpine Waste and Recycling, testified in support of the bill.
04:29 PM -- Ms. Cary Bush, representing Recycle Creede, testified in support of the bill and noted that the grant and rebate money from the bill will result in more small business start-ups and put more people to work in rural parts of Colorado.

04:32 PM -- Ms. Leslie Irwin, representing the Boulder County Commissioners, testified in support of the bill.
BILL:SB13-050
TIME: 04:33:15 PM
MOVED:Court
MOTION:Refer Senate Bill 13-050 to the Committee on Appropriations. The motion passed on a vote of 6-4.
SECONDED:Foote
VOTE
DelGrosso
No
Foote
Yes
Joshi
No
Kagan
Yes
May
Yes
Melton
Yes
Pabon
Excused
Priola
Excused
Saine
No
Swalm
Excused
Wilson
No
Labuda
Yes
Court
Yes
Final YES: 6 NO: 4 EXC: 3 ABS: 0 FINAL ACTION: PASS


04:36 PM

The committee adjourned.