Date: 03/07/2006

Final
BILL SUMMARY for HB06-1105

SENATE COMMITTEE ON FINANCE

Votes: View--> Action Taken:
Motion to adopt L.001 (Attachment B). The motion
Motion to refer HB 06-1105, as amended, to the Com		Pass Without Objection
PASS


02:14 PM -- House Bill 06-1105

Senator Tapia, prime sponsor, explained that HB 06-1105, which re-establishes the pilot program initially created through House Bill 05-1046 that allowed for gifts, grants, and donations to be accepted by Legislative Council Staff in order to pursue the possibility of creating a dynamic model for analyzing tax policy changes, was similar to the other dynamic modeling bill, SB 06-048, which is in the Senate Appropriations Committee. He discussed why there were two bills and how Amendment L.001 (Attachment B) would make the two bills identical. The committee discussed the fact that there were two identical bills and how the General Assembly should pass only one.

The following person testified:

02:24 PM -- Mr. Preston Gibson, Jefferson Economic Council, testified in favor of the bill. He stated that a dynamic model would allow for a more fair and thorough analysis of tax policy changes. He continued by discussing the need to help retain and lure companies to Colorado. He indicated that many economic development organizations use economic development modeling software currently, but that a state model would be much more complicated. Some consulting firms develop state models.
BILL:HB06-1105
TIME: 02:27:13 PM
MOVED:Veiga
MOTION:Motion to adopt L.001 (Attachment B). The motion passed without objection.
SECONDED:
VOTE
Brophy
Shaffer
Taylor
Teck
Tupa
Veiga
Sandoval
Not Final YES: 0 NO: 0 EXC: 0 ABS: 0 FINAL ACTION: Pass Without Objection
BILL:HB06-1105
TIME: 02:27:35 PM
MOVED:Veiga
MOTION:Motion to refer HB 06-1105, as amended, to the Committee on Appropriations. The motion passed on a 7 - 0 vote.
SECONDED:
VOTE
Brophy
Yes
Shaffer
Yes
Taylor
Yes
Teck
Yes
Tupa
Yes
Veiga
Yes
Sandoval
Yes
Final YES: 7 NO: 0 EXC: 0 ABS: 0 FINAL ACTION: PASS