Date: 02/10/2009

Final
BILL SUMMARY for HB09-1265

HOUSE COMMITTEE ON FINANCE

Votes: View--> Action Taken:
Refer House Bill 09-1265 to the Committee of the WPASS



10:43 AM -- House Bill 09-1265 -- Concerning Certain Abatement Interest

Representative Liston, prime sponsor, explained that whenever a county, a court, the Board of Assessment Appeals in the Department of Local Affairs (DOLA), or the Division of Property Taxation in the DOLA determine that a nonprofit organization was mistakenly charged property tax, an interest refund may be awarded; however, such interest shall only be calculated for two years, and at an amount equal to that charged to delinquent taxpayers (i.e., up to 12% annually). Refunds, including interest, may be awarded if there is evidence that the nonprofit organization made the error that caused the mistaken collection of the tax. After a brief discussion, testimony was taken by the committee.

The following person testified:

10:45 AM -- Ms. Sandra Damron, El Paso County Treasurer's Office, testified in support of the bill. Ms. Damron noted that under current law a property tax abatement is given to religious, educational, and charitable organizations among other exempt nonprofits. When a taxing authority mistakenly collects taxes on these properties they can be required to refund the tax and interest. She closed by saying that there is no limit on the number of years for which the tax abatement refund can include interest payments.


10:51 AM

The bill was placed on the table for action and no amendments were offered.
BILL:HB09-1265
TIME: 10:51:12 AM
MOVED:Frangas
MOTION:Refer House Bill 09-1265 to the Committee of the Whole. The motion passed on a 11-0 vote.
SECONDED:Benefield
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