S_FIN_2016A 03/31/2016 11:03:14 AM Committee Summary

The committee was called to order. A quorum was present.



11:03 AM -- HB16-1006



Senator Hill, prime sponsor, presented House Bill 16-1006. The bill, as amended by the House Finance Committee, clarifies current law sales, use, and property tax exemptions for subsidiaries of housing authorities. Under current law, housing authorities are exempt from any taxes or fees payable to the state, any subdivision thereof, and all levels of local government. The bill clarifies that sales, use, and property tax exemptions apply to low-income housing property owned by or leased to any subsidiary of a housing authority, including:

• an entity that is wholly owned by a housing authority;

• an entity in which a housing authority has an ownership interest; and

• an entity in which a subsidiary has an ownership interest.

Senator Hill distributed Amendment L.006 (Attachment A).



16SenateFin0331AttachA.pdf



11:05 AM -- Former Senator Penfield Tate, representing the Public Housing Authority, testified in support of the bill. Senator Tate addressed questions and comments from the committee.



















11:10 AM -- Mr. Sam Betters, representing the Loveland Housing Authority, testified in support of the bill.



11:16 AM -- Mr. Charles Borgman, representing the Colorado Housing and Finance Authority, testified in support of the bill.



11:20 AM -- Mr. Paul Northrup, representing the Colorado Department of Revenue, testified in support of Amendment L.006.

11:22 AM -- SB16-155



President Cadman, prime sponsor, presented Senate Bill 16-155. Beginning July 1, 2016, the bill creates a state sales and use tax exemption for a historic aircraft that is on loan to a museum for public display, whether for demonstration, educational, or museum promotional purposes. In order to qualify for the exemption, the historic aircraft may not be used for any other purpose while it is in the state. The museum to which a historic aircraft is on loan must be open to the public at least 20 hours a week. Historic aircraft means any original, restored, or replica of a heavier-than-air aircraft that is at least 35 years old.



11:25 AM -- Mr. Atticus Yondorf, representing himself, testified in opposition to the bill. Mr. Yondorf addressed comments from the committee.



11:30 AM -- Mr. Bill Klaers and Mr. Mark Earle, both representing the National Museum of World War II Aviation, testified in support of the bill.





11:36 AM



Senator Cadman made some closing remarks on the bill.

11:38 AM -- SB16-067



Senators Scheffel and Heath, co-prime sponsor, presented Senate Bill 16-067, which creates a property tax exemption for personal property used to provide broadband service. The exemption applies to personal property purchased on or after January 1, 2016. Senators Scheffel and Heath distributed and explained Amendment L.003 (Attachment B), Attachment L.008 (Attachment C), and a memo about the fiscal impact of the bill with the inclusion of Amendment L.003 (Attachment D).



16SenateFin0331AttachB.pdf 16SenateFin0331AttachC.pdf



16SenateFin0331AttachD.pdf



11:52 AM -- Ms. Dianne Criswell, representing the Colorado Municipal League, testified in opposition to the bill and the proposed amendments. Ms. Criswell addressed questions from the committee.



11:56 AM -- Mr. Jon Heisler, representing himself, testified in opposition to the bill. Senator Scheffel addressed a question from the committee about areas of the state that do not receive broadband services. Senator Heath also addressed the question. Mr. Heisler responded to the comments made by Senators Scheffel and Heath and additional questions and comments from the committee.



12:09 PM -- Mr. Patrick Boyle, representing Colorado Competitive Council, testified in support of the bill.



12:11 PM -- Mr. Pete Kirchhof, representing the Colorado Telecommunications Association, testified in support of the bill. Mr. Kirchhof addressed questions from the committee.



12:18 PM -- Mr. Mark Soltes, representing Century Link, testified in support of the bill. Mr. Soltes distributed a handout, "SB 67 Will Accelerate Broadband Investment, Help Create Jobs, and Increase State Revenue Without Raising Taxes" (Attachment E) and addressed questions from the committee.



16SenateFin0331AttachE.pdf



12:28 PM -- Mr. Curt Settle and Mr. Bill Kowalowski, both representing the Division of Property Taxation, addressed questions from the committee.





























12:34 PM



Senators Heath and Scheffel made closing remarks on the bill and addressed questions raised during witness testimony. Members of the committee commented on the merits of the bill.

12:44 PM -- SB16-154



Senator Lundberg, prime sponsor, presented Senate Bill 16-154, which creates a transferable income tax credit for individuals who enroll their dependent child in a home-based or private school or offer a scholarship to a child who enrolls in a private school.



12:46 PM -- Mr. Jon Heisler, representing himself, testified in support of the bill. Members of the committee commented on Mr. Heisler's testimony.



12:51 PM -- Members of the committee commented on the merits of the bill.

12:58 PM



The committee adjourned.

12:58 PM



The committee adjourned.