Date: 02/14/2006

Final
BILL SUMMARY for HB06-1094

SENATE COMMITTEE ON FINANCE

Votes: View--> Action Taken:
Motion to adopt L.002 (Attachment B). The motion
Motion to refer HB 06-1094, as amended, to the Com
Motion to strike "TEN" on line 6 of L.002 (Attach		Pass Without Objection
PASS
Pass Without Objection


02:35 PM -- House Bill 06-1094

Senator Teck, prime sponsor, explained the provisions of HB06-1094 which codifies in statute the existing practices regarding the notification of valuation for oil and gas personal property. It requires that county assessors send notices of valuation only to the operator, rather than the owner of the leasehold or land.

02:36 PM -- Mr. Patrick Boyle, Colorado Assessor's Association, spoke in favor of the bill and explained its provisions. He indicated that the bill only codifies the existing practice in which the operator of an oil and gas operation accepts the notice of valuation of the property. However, the acceptance of the notification does not mean that the operator agrees with the valuation or agrees to pay the tax. He discussed an amendment L.002 (Attachment B) which was requested by county treasurers that states that if the property owners do not pay their taxes then the operator must provide their names and addresses to the county treasurer. Under the amendment, operators are subject to a penalty if they do not submit the names to the county treasurer.

The committee discussed its concern with the time frame provided in the amendment for the operator to submit the names of the property owners. The committee thought that thirty days was more reasonable than ten days.
BILL:HB06-1094
TIME: 02:47:25 PM
MOVED:Taylor
MOTION:Motion to strike "TEN" on line 6 of L.002 (Attachment B) and substitute "THIRTY." The motion passed without objection.
SECONDED:
VOTE
Brophy
Shaffer
Excused
Taylor
Teck
Tupa
Veiga
Sandoval
Not Final YES: 0 NO: 0 EXC: 1 ABS: 0 FINAL ACTION: Pass Without Objection
BILL:HB06-1094
TIME: 02:46:57 PM
MOVED:Teck
MOTION:Motion to adopt L.002 (Attachment B). The motion passed without objection.
SECONDED:
VOTE
Brophy
Shaffer
Excused
Taylor
Teck
Tupa
Veiga
Sandoval
Not Final YES: 0 NO: 0 EXC: 1 ABS: 0 FINAL ACTION: Pass Without Objection

BILL:HB06-1094
TIME: 02:47:46 PM
MOVED:Teck
MOTION:Motion to refer HB 06-1094, as amended, to the Committee of the Whole with favorable recommendation. The motion passed on a 6 - 0 vote.
SECONDED:
VOTE
Brophy
Yes
Shaffer
Excused
Taylor
Yes
Teck
Yes
Tupa
Yes
Veiga
Yes
Sandoval
Yes
Final YES: 6 NO: 0 EXC: 1 ABS: 0 FINAL ACTION: PASS



02:48 PM

The committee recessed.