Date: 04/09/2014

Final
BILL SUMMARY for HB14-1326

HOUSE COMMITTEE ON FINANCE

Votes: View--> Action Taken:
Adopt amendment L.003 (Attachment F). The motion p
Adopt amendment L.004 (Attachment G). The motion p
Refer House Bill 14-1326, as amended, to the Commi		Pass Without Objection

PASS



05:04 PM -- HB14-1326

Representatives Primavera and Scott came to the table to present House Bill 14-1326. They explained that the bill makes changes to three areas of tax policy affecting low-emission and alternative fuel vehicles. It creates a new income tax credit, reduces the number of vehicles eligible to claim an existing sales and use tax exemption, and reduces the taxable value of certain vehicles for the purpose of calculating the specific ownership tax.


05:08 PM

Greg Sobetski, Legislative Council Staff, came to the table to respond to questions on the fiscal note for the bill. The committee discussed which types of vehicle would qualify for the tax credit.


05:14 PM

Esther van Mourik, Office of Legislative Legal Services, addressed questions on the specific changes that the bill makes to tax policy and current statute, and the revenue increase identified by the bill's fiscal note. Committee discussion ensued.


05:20 PM

Representative Primavera explained Amendment L.003 (Attachment F).

14HseFin0409AttachF.pdf14HseFin0409AttachF.pdf
BILL:HB14-1326
TIME: 05:22:18 PM
MOVED:Court
MOTION:Adopt amendment L.003 (Attachment F). The motion passed without objection.
SECONDED:
VOTE
Becker
DelGrosso
Foote
Joshi
Kagan
Melton
Pabon
Priola
Saine
Swalm
Wilson
Labuda
Court
YES: 0 NO: 0 EXC: 0 ABS: 0 FINAL ACTION: Pass Without Objection


05:22 PM

Representative Scott explained Amendment L.004 (Attachment G), which he said removes the fuel economy standard and will help the Department of Revenue implement the law.

14HseFin0409AttachG.pdf14HseFin0409AttachG.pdf
BILL:HB14-1326
TIME: 05:22:43 PM
MOVED:Court
MOTION:Adopt amendment L.004 (Attachment G). The motion passed without objection.
SECONDED:Melton
VOTE
Becker
DelGrosso
Foote
Joshi
Kagan
Melton
Pabon
Priola
Saine
Swalm
Wilson
Labuda
Court
YES: 0 NO: 0 EXC: 0 ABS: 0 FINAL ACTION:


05:24 PM

Representative Scott made his closing comments on the bill, noting that it could be considered as a jobs creation bill, and that it will allow the state to start using fuel that is produced in Colorado.
BILL:HB14-1326
TIME: 05:27:43 PM
MOVED:Court
MOTION:Refer House Bill 14-1326, as amended, to the Committee on Appropriations. The motion passed on a vote of 10-2, with 1 member excused.
SECONDED:Becker
VOTE
Becker
Yes
DelGrosso
Yes
Foote
Yes
Joshi
No
Kagan
Yes
Melton
Yes
Pabon
Excused
Priola
Yes
Saine
No
Swalm
Yes
Wilson
Yes
Labuda
Yes
Court
Yes
YES: 10 NO: 2 EXC: 1 ABS: 0 FINAL ACTION: PASS


05:28 PM

The committee was adjourned.