Date: 03/12/2015

Final
BILL SUMMARY for HB15-1159

HOUSE COMMITTEE ON FINANCE

Votes: View--> Action Taken:
Adopt amendment L.004 (Attachment C). The motion p
Adopt amendment L.005 (Attachment D). The motion p
Adopt amendment L.006 (Attachment B). The motion p
Refer House Bill 15-1159, as amended, to Committee		Pass Without Objection
Pass Without Objection
Pass Without Objection
PASS



10:26 AM -- HB15-1159

Representative Arndt, sponsor, introduced House Bill 15-1159. The bill, as amended by the House Agriculture Committee, extends the instream flow incentive tax credit, currently set to expire after tax year 2014, through tax year 2019. It also removes a provision restricting the credit's availability to tax years beginning during fiscal years when revenue is sufficient to grow General Fund appropriations by 6 percent. Finally, the bill moves the deadline for the Colorado Water Conservation Board (CWCB) to report credit certificates to the Department of Revenue for November 30 to December 30 each year. The bill does not affect the $2 million cap on aggregate instream flow credit awarded for a single tax year. Representative Court distributed amendment L.006 (Attachment B). Representative Arndt distributed amendment L.004 and L.005 (Attachments C and D). Committee discussion ensued regarding water rights and instream flow.

15HouseFin0312AttachB.pdf15HouseFin0312AttachB.pdf 15HouseFin0312AttachC.pdf15HouseFin0312AttachC.pdf

15HouseFin0312AttachD.pdf15HouseFin0312AttachD.pdf

10:43 AM -- Ms. Linda Bassi, representing the CWCB, came to the table to answer committee questions. She discussed instream flow in Colorado, water rights, and water right transactions. Committee discussion ensued.

10:58 AM -- Ms. Esther van Mourik, Legislative Legal Services, came to the table to answer questions. She discussed how the tax credit works in practice. She distributed a preamended version of the bill to the committee (Attachment E).

15HouseFin0312AttachE.pdf15HouseFin0312AttachE.pdf

11:02 AM -- Ms. Bassi returned to the table to answer questions. She discussed the three-year limit on the tax credit and the process by which persons donate their water rights.

11:04 AM -- Mr. Richard Orf, representing Water Congress, testified that they have a no position on the bill.
BILL:HB15-1159
TIME: 11:06:43 AM
MOVED:Court
MOTION:Adopt amendment L.004 (Attachment C). The motion passed without objection.
SECONDED:Pabon
VOTE
Becker K.
Conti
Garnett
Kagan
Pabon
Priola
Roupe
Van Winkle
Wilson
Foote
Court
YES: 0 NO: 0 EXC: 0 ABS: 0 FINAL ACTION: Pass Without Objection


BILL:HB15-1159
TIME: 11:08:44 AM
MOVED:Court
MOTION:Adopt amendment L.005 (Attachment D). The motion passed without objection.
SECONDED:Foote
VOTE
Becker K.
Conti
Garnett
Kagan
Pabon
Priola
Roupe
Van Winkle
Wilson
Foote
Court
YES: 0 NO: 0 EXC: 0 ABS: 0 FINAL ACTION: Pass Without Objection


BILL:HB15-1159
TIME: 11:09:55 AM
MOVED:Court
MOTION:Adopt amendment L.006 (Attachment B). The motion passed without objection.
SECONDED:Pabon
VOTE
Becker K.
Conti
Garnett
Kagan
Pabon
Priola
Roupe
Van Winkle
Wilson
Foote
Court
YES: 0 NO: 0 EXC: 0 ABS: 0 FINAL ACTION: Pass Without Objection


11:10 PM -- Committee discussion ensued.
BILL:HB15-1159
TIME: 11:16:44 AM
MOVED:Court
MOTION:Refer House Bill 15-1159, as amended, to Committee on Appropriations. The motion passed on a vote of 6-5.
SECONDED:Garnett
VOTE
Becker K.
Yes
Conti
No
Garnett
Yes
Kagan
Yes
Pabon
Yes
Priola
No
Roupe
No
Van Winkle
No
Wilson
No
Foote
Yes
Court
Yes
Final YES: 6 NO: 5 EXC: 0 ABS: 0 FINAL ACTION: PASS



11:20 AM

The committee adjourned.