A securities regulation sunset bill passed with near-unanimity while the three insurance and property tax bills each cleared on 6-3 or 7-2 votes headed to Appropriations.
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Joe Rowan, representing the Northern Colorado Legislative Alliance, argued SB 26-116 'seeks to raise additional taxes on business that will exacerbate over time as it removes further indexing the exemption to the amount of inflation over time.' Senator Weissman responded: 'Respectfully, I disagree that that part of the bill was ever any business [tax increase]... We were never going to put that back on business.'
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“I'm proposing because we're cutting a billion dollars and trying to injure as few people as possible while we do so, that we turn off the inflation adjustment.”
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Sign in to subscribeGood afternoon. Welcome to Senate Finance. Ms. Ritterbush, will you please take the roll? Senators Benavides. Present. Wright. Here. Frazelle. Excused. Volker. Here. Mullica. Excused. Simpson. Present. Snyder. Here. Marchman. Excused. Madam Chair. Here. Good afternoon, everybody. We are going to be hearing four bills today. HB 26, 1188, House 116, HB 26049 or SB 26 155. I do want to let everybody know that 116 and 49 both have strike belows. If you need a copy of the strike below to know whether you still want to testify, please reach out and we'll attempt to get you one. Okay. And with that, we are going to start with Senator Kolker on HB 26 1188, Sunset Process, securities regulation. Senator Kolker. Oh, one moment, Madam Chair. I appreciate it. Take your time, please. I gotta pull up my notes. Sorry. There it is. Found it. Thank you so much. This, this bill is a sunset bill from the department for the Colorado Securities Act. Establish a framework again from the Colorado securities act for the registration of securities and licensing of securities and professionals that establishes anti fraud provisions related to securities. This particular bill is to continue the act…
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