Bill Summary for Bill Number HB06-1094

Date: 01/25/2006

Final
BILL SUMMARY for HB06-1094

HOUSE COMMITTEE ON FINANCE

Votes: View-->	Action Taken:
Moved amendment L.001 (requires operators who have Refer House Bill 06-1094, as amended, to the Commi	Pass Without Objection PASS

03:23 PM -- House Bill 06-1094

Representative White, prime sponsor, explained House Bill 06-1094 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. The operator is required to accept the valuation, but reserves the right to appeal the valuation. Representative White closed saying because the bill does not change any existing practices, it is assessed as having no fiscal impact.

The following persons testified:

03:27 PM -- Mr. Patrick Boyle, Colorado Assessor's Office, testified in support of the legislation. The bill restores the long-standing assessor's practice by codifying the process.

Representative Vigil, Chairman, placed the bill on the table for action and Representative White distributed amendment L.001 to committee members (Attachment D). Representative White commented that the amendment requires operators who have no ownership interests in personal property to provide certain information to assessors and treasurers on persons who have ownership interests.


BILL:	HB06-1094
TIME:	03:31:25 PM
MOVED:	Cloer
MOTION:	Moved amendment L.001 (requires operators who have no ownership interests in personal property to provide certain information to assessors and treasurers on persons who have ownership interests). The motion passed without objection by those members present.
SECONDED:	Garcia

	Benefield
	Cloer
	Crane
	Frangas
	Garcia
	Harvey
	Jahn
	Kerr
	Marshall
	Massey
	McCluskey
	Judd
	Vigil
Not Final YES: 0 NO: 0 EXC: 0 ABS: 0 FINAL ACTION: Pass Without Objection


BILL:	HB06-1094
TIME:	03:31:53 PM
MOVED:	McCluskey
MOTION:	Refer House Bill 06-1094, as amended, to the Committee of the Whole. The motion passed on a 13-0-0 vote.
SECONDED:	Frangas
		VOTE
	Benefield	Yes
	Cloer	Yes
	Crane	Yes
	Frangas	Yes
	Garcia	Yes
	Harvey	Yes
	Jahn	Yes
	Kerr	Yes
	Marshall	Yes
	Massey	Yes
	McCluskey	Yes
	Judd	Yes
	Vigil	Yes
Final YES: 13 NO: 0 EXC: 0 ABS: 0 FINAL ACTION: PASS