71373953747B3E908725826B006B8499 Hearing Summary

Representative Kraft Tharp introduced HB 13-1350. The bill expands the definition of recovered materials under the machinery and machine tools sales and use tax exemption. Under the bill, recovered materials can also refer to scrap metal or end-of-lifecycle metals, which are remanufactured into new metal that meets the standards set by the industry for recycled commodities.

R.J. Hicks, Institute of Scrap Recycling Industries Inc., Rocky Mountain Chapter, testified in support of the bill. He responded to questions from the committee.

Michael Cohen, Iron and Metals Inc., testified in support of the bill. He responded to questions from the committee.