On Tuesday, June 9th, the Chamber’s Governmental Affairs Committee received legislative updates from Senator Ray Scott, Senator Don Coram, Representative Janice Rich and Representative Matt Soper. The committee also took action on the following bills and draft legislation.
HB20-1326 “Create Occupational Credential Portability Program”
Rationale: Permitting this transfer of credentials would allow skilled workers to enter Colorado’s workforce more quickly. By shortening the timeline for these workers to be credentialed, the state will foster economic development, attract skilled workers and strengthen our economy.
HB20-1413 “Small Business Recovery Loan Program Premium Tax Credit”
Rationale: This bill establishes a small business recovery loan fund that consists of $250 million of state and private dollars for first loss capital on loans to small businesses over the next two fiscal years. This establishment of this fund will help stimulate loans to Colorado small businesses and support the state’s economic recovery and resiliency.
SB20-213 “Alcohol Beverage Retail Takeout And Delivery”
Rationale: This bill will allow restaurants and bars in Colorado to continue to offer alcohol for takeout and delivery. This adds a desperately needed source of revenue for the restaurant industry, as they enter the COVID-19 recovery period.
SB20-204 “Additional Resources To Protect Air Quality”
Rationale: This bill creates an air quality enterprise, that will administer fees related to air pollutants and air quality control. The chamber opposes any legislation that increases fees on any industry during this current legislative session.
SB20-207 “Concerning Unemployment Insurance”
Rationale: By changing the definition of independent contractor, this bill would create conflicting definitions in various parts of statute, causing confusion for employers and independent contractors alike.
SB20-215 “Health Insurance Affordability Enterprise”
Rationale: Reestablishing the expiring Federal Health Insurance Tax at the state level to fund the state reinsurance program, establishing two new subsidy programs, creating a new enterprise with bonding authority all at the expense of those who purchase coverage in the fully insured market simply goes too far in this challenging economic time.
HB20-1414 “Price Gouge Amid Disaster Deceptive Trade Practice”
Rationale: Without providing a definition for price gouging, this bill will allow state district attorneys and the Attorney General togo after businesses.
HB20-1420 “Adjust Tax Expenditures For State Education Fund”
Rationale: If passed, this bill will eliminate several tax cuts in the CARES Act, and the 2017 Tax Cuts and Jobs Act, that provide significant tax relief to small and medium sized businesses across the state.