Bill Summary for Bill Number SB09-016

Date: 03/17/2009

Final
BILL SUMMARY for SB09-016

HOUSE COMMITTEE ON FINANCE

Votes: View-->	Action Taken:
Refer Senate Bill 09-016 to the Committee on Appro	PASS

11:58 AM -- Senate Bill 09-016 -- Concerning Measures to Restore Forest Areas Affected by Bark Beetle Infestation

Representative King and Representative Scanlan, prime sponsors, spoke to the provisions in the bill. Representative Scanlan explained that SB09-016, approved by the Interim Committee on Wildfire issues in Wild Land-Urban Interface Areas, provides a five-year property tax exemption for business personal property used to harvest, transport, process, or market timber killed by bark beetles. She continued by saying that an applicant must meet certain criteria to qualify for the tax exemption. She noted that the applicant must be either a sole proprietor living in Colorado or a corporation whose principle place of business is in Colorado.

12:09 PM

After a brief committee discussion, the bill was placed on the table for action.


BILL:	SB09-016
TIME:	12:09:57 PM
MOVED:	Benefield
MOTION:	Refer Senate Bill 09-016 to the Committee on Appropriations. The motion passed on a 11-0 vote.
SECONDED:	Kefalas
		VOTE
	Apuan	Yes
	Benefield	Yes
	Gerou	Yes
	Kefalas	Yes
	Kerr A.	Yes
	Lambert	Yes
	Roberts	Yes
	Summers	Yes
	Swalm	Yes
	Frangas	Yes
	Judd	Yes

Final YES: 11 NO: 0 EXC: 0 ABS: 0 FINAL ACTION: PASS