Senate Finance

Tuesday, March 17, 2026·▶ Watch / Listen

Senate Finance sped Banking Board reappointments and a destination-management sales-tax fix through on consent, then split 5-4 along an unusual bipartisan line to advance SB26-131's sports-betting guardrails to Appropriations after hours of wrenching testimony from recovering gamblers and pushback from the betting industry.

Key Actions

·Sales & Use Tax Destination Management CompanyPassed

+ 2 more actions

Notable Quotes

“It always gets my backup when people start to threaten Colorado with their business. It's like you're charging too much tax. We are the lowest in the entire country”
Cathy Kipp — Kipp rebuffed the industry's competitiveness argument, noting Colorado's 2.9% state sales-tax rate is the nation's lowest.

+ 5 more quotes

Votes

Referred to Committee of the Whole and with a recommendation that it be placed on the consent calendarAction

Yes (9)Scott Bright, Lisa Frizell, Matt Ball, Chris Kolker, Kyle Mullica, Cleave Simpson, Marc Snyder, Janice Marchman, Cathy Kipp

Referred to Committee on AppropriationsAction

Yes (5)Matt Ball, Chris Kolker, Kyle Mullica, Marc Snyder, Cathy Kipp

No (4)Scott Bright, Lisa Frizell, Cleave Simpson, Janice Marchman

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TranscriptPreview

The Senate Finance. Ms. RBush, will you please take the roll? Senators Ball, excused. Right here. President here. Excused. Simpson. President Snider. Here, here, here. Madam Chair, Here, here. Thank you everybody. We have a good quorum and let's just going. We're going to be hearing the, doing the confirmation hearing for the Banking Board. We're going to start with that. Then we will be moving on to hear SB 26 128, sales and use tax, destination management, and then on to SB 26 131. But let us start with our Banking Board folks. I believe Kara Hunter is here to introduce both Megan Harmon, who I believe is remote, Kimberly Gardner. So let's get started. Come on up. Welcome to Senate Finance. Thank you guys for being here. We really appreciate it. And we're going to start with Bank Commissioner Kara Hunter. Make sure the green light is on the table. Thank you. Got it. Okay, let's start over. So good afternoon, Madam Chair and members of the committee. My name is Kara Hunter and I'm the serve as the Commissioner for the Division of Banking. The Division of Banking is responsible for the supervision and regulation of state…

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