Bill Summary for Bill Number SB09-085

Date: 05/01/2009

Final
BILL SUMMARY for SB09-085

HOUSE COMMITTEE ON BUSINESS AFFAIRS AND LABOR

Votes: View-->	Action Taken:
Moved amendment L.023 (Attachment B). The motion Moved to refer Senate Bill 09-085, as amended, to	Pass Without Objection PASS

03:23 PM -- Senate Bill 09-085

Representatives Priola and Rice, prime sponsors, presented Senate Bill 09-085 concerning the creation of a Legislative Task Force to Study Property Tax Exemption for Business Personal Property. The bill creates a legislative task force to study the business personal property tax in Colorado. At a minimum, its purpose it to examine the following issues:

business personal property tax exemptions that eliminate or phase-out the tax;
an analysis of the fiscal impact on the state and local governments; and
methods to reimburse local governments for a loss in business personal property taxes.

The task force is comprised of 10 members of the General Assembly, five from the Senate and five from the House of Representatives. It also includes the following seven members, who are appointed by the Governor, with the exception of the property tax administrator:

a representative of the Colorado Municipal League;
a representative of Colorado Counties, Inc.;
a member of a local chamber of commerce;
a small business representative;
a large business representative;
the property tax administrator; and
a member with expertise in tax policy.

Members of the task force will serve without compensation and will not be eligible for reimbursement of any expenses. The bill also specifies that Legislative Council Staff and the Office of Legislative Legal Services will not assist the task force.

03:26 PM

Representative Rice responded to a question from Representative Stephens regarding what the task force is looking to accomplish. A committee discussion ensued about the business personal property tax. Representative Priola noted that Tony Gagliardi, representing the National Federation of Independent Businesses, did sign up to testify in support of the bill but had to leave.

03:37 PM -- Sandra Hagen Solin, representing the Northern Colorado Legislative Alliance (NCLA), testified in support of the bill. She talked about the importance of having a discussion about the business personal property tax. Ms. Hagen Solin asked that the task force focus on solutions.

03:39 PM -- Loren Furman, representing CACI, testified in support of the bill. She said they supported the bill as it was introduced and hope that the task force develops a positive piece of legislation for next session.

03:41 PM

Representative Rice talked about the inefficiency of the current system regarding business personal property tax and addressed earlier concerns that were raised by the committee.


BILL:	SB09-085
TIME:	03:45:59 PM
MOVED:	Priola
MOTION:	Moved amendment L.023 (Attachment B). The motion passed without objection.
SECONDED:	Balmer
		VOTE
	Balmer
	Bradford	Excused
	Gagliardi
	Liston
	Priola
	Ryden
	Scanlan
	Soper
	Stephens
	Casso
	Rice

Not Final YES: 0 NO: 0 EXC: 1 ABS: 0 FINAL ACTION: Pass Without Objection


BILL:	SB09-085
TIME:	03:48:58 PM
MOVED:	Priola
MOTION:	Moved to refer Senate Bill 09-085, as amended, to the Committee of the Whole. The motion passed 8-0.
SECONDED:	Rice
		VOTE
	Balmer	Yes
	Bradford	Excused
	Gagliardi	Yes
	Liston	Excused
	Priola	Yes
	Ryden	Excused
	Scanlan	Yes
	Soper	Yes
	Stephens	Yes
	Casso	Yes
	Rice	Yes

Final YES: 8 NO: 0 EXC: 3 ABS: 0 FINAL ACTION: PASS

03:49 PM

Representative Rice mentioned that the committee is scheduled to meet on Tuesday, May 5, upon adjournment if time permits to hear a briefing on Colorado's Unemployment Insurance Program. The committee adjourned.