House Committee on Finance (05/01/2015)

Final
STAFF SUMMARY OF MEETING

HOUSE COMMITTEE ON FINANCE

Date:	05/01/2015	ATTENDANCE

Time:	02:44 PM to 03:28 PM	Becker K.	X
		Conti	*
Place:	LSB A	Garnett	*
		Kagan	X
This Meeting was called to order by		Pabon	*
	Representative Court	Priola	*
		Roupe	X
This Report was prepared by		Van Winkle	X
	Katie Ruedebusch	Wilson	*
		Foote	X
		Court	X
		X = Present, E = Excused, A = Absent, * = Present after roll call

Bills Addressed:		Action Taken:
SB15-222 SB15-141		Amended, Referred to Appropriations Postponed Indefinitely

02:45 PM -- SB15-222

Representative Court, chair, called the meeting to order. Representative Williams, sponsor, introduced Senate Bill 15-222. Under current law, broadband internet providers can claim a state sales and use tax refund for equipment used to provide broadband service to areas of the state with a population of less than 30,000; the total that can be claimed by all taxpayers is limited to $1 million per year. The reengrossed bill increases the limit to $2.5 million for investments made in 2015, $4.0 million in 2016, and $5.0 million in 2017 and future years. The increased cap applies for refunds claimed beginning January of the year following when the investments were made. Representative Williams distributed amendment L.005 (Attachment A).

15HouseFin0501AttachA.pdf

02:50 PM

Representative Court moved amendment L.005, seconded by Representative Roupe. After some discussion, Representatives Court and Roupe withdrew their motions for amendment L.005.


BILL:	SB15-222
TIME:	02:54:22 PM
MOVED:	Court
MOTION:	Adopt amendment L.003 (Attachment B). The motion passed without objection. 15HouseFin0501AttachB.pdf
SECONDED:	Roupe
		VOTE
	Becker K.
	Conti
	Garnett	Excused
	Kagan
	Pabon
	Priola	Excused
	Roupe
	Van Winkle
	Wilson	Excused
	Foote
	Court

YES: 0 NO: 0 EXC: 3 ABS: 0 FINAL ACTION: Pass Without Objection

03:00 PM

Representative Williams gave some closing comments. Committee discussion ensued.


BILL:	SB15-222
TIME:	03:10:02 PM
MOVED:	Van Winkle
MOTION:	Refer Senate Bill 15-222, as amended, to the Committee on Appropriations. The motion passed on a vote of 6-5.
SECONDED:	Conti
		VOTE
	Becker K.	No
	Conti	Yes
	Garnett	No
	Kagan	No
	Pabon	Yes
	Priola	Yes
	Roupe	Yes
	Van Winkle	Yes
	Wilson	Yes
	Foote	No
	Court	No

Final YES: 6 NO: 5 EXC: 0 ABS: 0 FINAL ACTION: PASS

03:11 PM -- SB15-141

Representative Thurlow, sponsor, introduced Senate Bill 15-141. Starting in property tax year 2016, the bill increases the eligibility for the personal property paid state income tax credit to include all taxpayers up to a $16,000 threshold amount of personal property, or the inflation-adjusted amount, whichever is greater. Each year thereafter, between 2017 and 2019, the threshold is increased by an additional $1,000, or the inflation-adjusted amount, if greater. Representative Thurlow discussed the specifics of the bill. In response to committee questions, Representative Thurlow discussed the benefits of the bill to small businesses.


BILL:	SB15-141
TIME:	03:20:49 PM
MOVED:	Court
MOTION:	Adopt amendment L.004 (Attachment C). The motion passed without objection. 15HouseFin0501AttachC.pdf
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

03:21 PM

Committee discussion ensued.


BILL:	SB15-141
TIME:	03:26:23 PM
MOVED:	Conti
MOTION:	Refer Senate Bill 15-141, as amended, to the Committee on Appropriations. The motion failed on a vote of 5-6.
SECONDED:	Priola
		VOTE
	Becker K.	No
	Conti	Yes
	Garnett	No
	Kagan	No
	Pabon	No
	Priola	Yes
	Roupe	Yes
	Van Winkle	Yes
	Wilson	Yes
	Foote	No
	Court	No

YES: 5 NO: 6 EXC: 0 ABS: 0 FINAL ACTION: FAIL


BILL:	SB15-141
TIME:	03:27:26 PM
MOVED:	Court
MOTION:	Postpone Senate Bill 15-141 indefinitely. The motion passed on a vote of 6-5.
SECONDED:	Pabon
		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

03:28 PM

The committee adjourned.