Date: 02/08/2006

Final
BILL SUMMARY for HB06-1105

HOUSE COMMITTEE ON FINANCE

Votes: View--> Action Taken:
Refer House Bill 06-1105 to the Committee of the WPASS


05:28 PM -- House Bill 06-1105

 Representative McCluskey, prime sponsor, explained that House Bill 06-1105 re-establishes the pilot program initially created through House Bill 05-1046 that allowed for gifts, grants, and donations to be accepted by the Director of Research of the Legislative Council in order to pursue the possibility of creating a dynamic model for analyzing tax policy changes. Upon receipt of at least $120,000 by the Director of Research of the Legislative Council, the director would begin a process to evaluate various options for procuring a dynamic model.

The following person testified:

05:28 PM -- Mr. Preston Gibson, Jefferson Economic Council, testified in support of the legislation and commented on the fiscal note process used by Legislative Council Staff. Mr. Gibson commented on the differences between static and dynamic analysis and the information that dynamic modeling can add to the process. Mr. Gibson commented that dynamic modeling is commonly used in other states and also used by private businesses.

Representative Vigil, Chairman, commented that the process does not change the fact that the up-front cost of a tax policy change must still be absorbed by the state despite the fact that secondary or indirect financial impacts may or may not offset the initial cost of the bill in future years.
BILL:HB06-1105
TIME: 05:32:46 PM
MOVED:McCluskey
MOTION:Refer House Bill 06-1105 to the Committee of the Whole. The motion passed on a 10-3-0 vote.
SECONDED:Massey
VOTE
Benefield
Yes
Cloer
Yes
Crane
Yes
Frangas
Yes
Garcia
No
Harvey
Yes
Jahn
Yes
Kerr
Yes
Marshall
No
Massey
Yes
McCluskey
Yes
Judd
No
Vigil
Yes
Final YES: 10 NO: 3 EXC: 0 ABS: 0 FINAL ACTION: PASS



05:34 PM

Adjourn.