Housing
- HB 1099 – Defendant Filing Fees in Evictions – House Third Reading Laid Over Daily – No Amendments. CAR Supports.
- HB 1175 – Local Governments Rights to Property for Affordable Housing – Senate Local Government & Housing Committee hearing April 25. Colorado Chamber of Commerce Opposes. Colorado Competitive Council wants to Amend. CAR is monitoring.
- HB1175 gives local governments the right of first refusal to buy current subsidized multifamily or mixed-use residential buildings to continue to use them for affordable housing. It provides local governments the right to offer to purchase a for-sale multifamily or mixed-used residential property with more than 15 units and less than 100 units before the property is listed for sale to other parties. CAR was originally in an amend position on this bill; however, due to amendments that we secured, CAR moved from an amend to a monitor position.
Most notable amendments for CAR shortened the timeframe provisions that the seller and local government must abide by when the local government is exercising either ROFO/ROFR. CAR ensured that the timeframes would fit within the 180 days to preserve 1031 exchanges for mom and pop investors.
- HB1175 gives local governments the right of first refusal to buy current subsidized multifamily or mixed-use residential buildings to continue to use them for affordable housing. It provides local governments the right to offer to purchase a for-sale multifamily or mixed-used residential property with more than 15 units and less than 100 units before the property is listed for sale to other parties. CAR was originally in an amend position on this bill; however, due to amendments that we secured, CAR moved from an amend to a monitor position.
- HB 1230 – Protections for Real Property Owners – Senate Second Reading Laid Over to 04/25/2024 – No Amendments. CAR Opposes.
- HB 1230 will exacerbate the housing shortage and cause more construction defect litigation for developers on all property types. This bill would drive developers out of the real estate market in Colorado.
Governmental
- SB 106 – Right to Remedy Construction Defects – Senate Third Reading Passed with Amendments – Floor. Co Chamber Supports. Colorado Association of Realtors (CAR) Supports.
- Right-to-remedy gives the property owner the choice to either have the original contractor make the repair, or work with the contractor to find someone acceptable to perform the remedial work. If there are problems with the remedial work, they can determine how to proceed with the entity responsible for providing the remedial work.
- SB 112 – Construction Defect Action Procedures – Senate Local Government & Housing Committee hearing April 30. C3 Supports. CAR is monitoring.
Land Use
- HB 1107 – Judicial Review of Local Land Use Decision – Senate Committee on Judiciary Refer Unamended to Senate Committee of the Whole. CAR Supports.
Taxation
- SB 111 – Senior Primary Residence Prop Tax Reduction – House Committee on Finance Refer Amended to Appropriations. CAR Supports.
FAILED
- SB 33 – Lodging Property Tax Treatment
- SB 62 – Prohibit Attorney Fees on Personal Injury Interest
- HB 1005 – Health Insurers Contract with Qualified Providers
- HB 1014 – Deceptive Trade Practice Significant Impact Standard
- HB 1085 – Limitation on Actions against Appraisers
- HB 1144 – Income Tax Credit for Mortgage Rate Buy Downs
- HB 1151 – Disclose Mandatory Fees in Advertisements
PASSED
- HB 1007 – Prohibit Residential Occupancy Limits
- HB 1041 – Streamline Filing Sales & Use Tax Returns
- SB 23 – Hold Harmless for Error in GIS Database Data
- SB 24 – Local Lodging Tax Reporting on Sales Return
- SB 25 – Update Local Government Sales & UseTax Collection