Date: 03/22/2006

Final
BILL SUMMARY for HB06-1091

SENATE COMMITTEE ON STATE, VETERANS & MILITARY AFFAIRS

Votes: View--> Action Taken:
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01:40 PM -- Call to Order

Senator Tupa, chairman, called the committee to order.

01:40 PM -- House Bill 06-1091

Senator Takis, prime sponsor, reviewed the provisions of House Bill 06-1091, concerning the inclusion of commercial vehicles in the enterprise zone income tax credit for investments in certain property. This tax credit would only apply to investments in the enterprise zone. Senator Tupa asked about the enterprise zone income tax credit discussions in the Legislative Audit Committee. He asked for a distinction between rolling stock credits and what this bill does. Senator Takis responded. Senator Fitz-Gerald made comments on rolling stock tax credits, and its impact on the General Fund. Committee discussion ensued.

01:56 PM -- The following persons testified:

01:57 PM -- Greg Fulton, representing the Colorado Motor Carriers Association, testified in favor of the bill. He indicated that this measure impacts more than just the trucking industry. He further believes this bill would fix an inadvertent error currently in law. He spoke to the timeliness of the bill and the benefit the bill would provide the state.

02:08 PM -- Bill Becker, representing Adams County Economic Development and the Colorado Economic Leadership Association, testified in support of the bill. He spoke the "ripple effect" tax credits have on the state. He believes these incentives will stimulate the Colorado economy.

02:14 PM -- Bob Loew, representing himself, testified in support of the bill. He spoke to instances where this bill would offset losses to the state. Senator May asked further questions asked about the potential fiscal impact of the bill.

02:21 PM -- Mike Riley, representing Westco Express, testified in support of the bill. He spoke to how this bill would assist businesses. Senator Tupa spoke to this bill as it relates to the passage of Referendum C. Mr. Riley believes this bill will increase industry and jobs.

02:30 PM -- Eppie Perea, representing RAC Transport, testified in support of the bill.

02:32 PM -- Wally Hall, representing MCH Kenworth, testified in support of the bill. He said this bill not only helps companies, but also the support systems that surround the industry.

02:34 PM -- Bob Greene, representing Colorado Laborers, testified in support of the bill.

02:36 PM -- Jim Hansen, representing the Colorado Teamsters, testified in support of the bill. He spoke to the overall effect of enterprise zones.

02:37 PM -- Evan Metcalf, representing the Office of Economic Development and International Trade, testified in support of the bill. He responded to questions from the committee and distributed a handout (Attachment A).

02:45 PM -- Tony Gagliardi, representing the National Federation of Independent Business, testified in support of the bill.

02:47 PM

Senator Takis provided final comments on the bill. Senator Tupa spoke to what he sees as the ineffectiveness of tax credits and tax incentives.
BILL:HB06-1091
TIME: 02:50:08 PM
MOVED:Lamborn
MOTION:Refer House Bill 06-1091 to the Committee on Appropriations. The motion failed on a 3-4 roll call vote.
SECONDED:
VOTE
Fitz-Gerald
No
Johnson
Yes
Lamborn
Yes
May R.
Yes
Windels
No
Groff
No
Tupa
No
Not Final YES: 3 NO: 4 EXC: 0 ABS: 0 FINAL ACTION: FAIL

BILL:HB06-1091
TIME: 02:50:56 PM
MOVED:Windels
MOTION:Moved to postpone House Bill 06-1091 indefinitely. The motion passed on a 4-3 roll call vote.
SECONDED:
VOTE
Fitz-Gerald
Yes
Johnson
No
Lamborn
No
May R.
No
Windels
Yes
Groff
Yes
Tupa
Yes
Final YES: 4 NO: 3 EXC: 0 ABS: 0 FINAL ACTION: PASS