CAR Supports SB24-002: Local Government Property Tax Credits Rebates

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From Capitol Connection

Sponsors: Sen. Roberts, Speaker McCluskie, and Rep. Frizell
Senate Bill 2 would allow local governments to create a property tax or rebate incentive program for property and landowners that own land or property designated as an “area of specific concern.” An “area of specific concern” is defined as the use of real property in the county that is determined to be diminishing or unavailable based on data, and the county declares it necessary to preserve the health and welfare of the residents in that area. In other words, areas and buildings that need improvement can utilize this incentive program to increase the options of available land and buildings for the benefit of the community. This program can help communities convert areas of specific concern to workforce housing.
CAR is supporting this legislation, which is currently scheduled to be heard in the Senate Local Government & Housing Committee on January 30, starting at 1:30 pm.

Other bills we’re watching are listed below:

Business Affairs/Labor

  • HB 1001 – Reauthorization of the Rural Jump-Start Program. House Business Affairs and Labor. CO Competitive Council (C3) Supports. 
  • HB 1008 – Wage Claims Construction Industry Contractors – Concerning measures to expand general contractor accountability for wage claims involving contractors in the construction industry. Assigned to House Business Affairs & Labor. CO Chamber of Commerce Opposes. C3 Opposes.
  • HB 1014 – Deceptive Trade Practice Significant Impact Standard – The bill establishes that evidence that a person has engaged in an unfair or deceptive trade practice constitutes a significant impact to the public. House Judiciary Committee. Colorado Association of Realtors (CAR) Opposes. C3 Opposes.

Health/Human Services

  • HB 1005 – Health Insurers Contract with Qualified Providers. Concerning contract requirements between primary care providers and other health-care organizations. Assigned to Health & Human Services. CO Chamber Opposes. C3 Opposes.
  • HB 1075 – Analysis of Universal Health-Care Payment System. Concerning consideration of a statewide universal health-care payment system, and, in connection therewith, creating an advisory task force for the purpose of advising the Colorado school of public health in conducting an analysis of draft model legislation concerning a statewide universal health-care payment system. House Health and Human Services Committee.  CO Chamber Opposes. C3 Opposes.

Taxation

    • HB 1036 – Adjusting Certain Tax Expenditures – The bill repeals some infrequently used tax expenditures and modifies several tax others. Assigned to Finance.  CO Chamber wants to amend
    • HB 1041 – Streamline Filing Certain Tax Returns. Assigned to Finance. CO Chamber Supports
    • HB 1050 – Simplify Processes Regarding Certain Local Government Taxes – House Finance Committee. CO Chamber Supports.
    • HB 1056 – Issuance of Treasurer’s Deeds – Concerning property subject to a property tax lien, and, in connection therewith, modernizing statutes related to the issuance of a treasurer’s deed for property subject to a property tax lien to align with a federal supreme court decision. House Finance Committee. CAR Supports
    • HB 1065 – Reduction of State Income Tax – the bill reduces both the individual and the corporate state income tax rates from 4.40% to 4.0%. To House Finance Committee.
    • SB 002 –  Local Government Property Tax Credits Rebates – The bill would allow local governments to implement programs offering property tax credits and rebates to incentivize certain uses of property, such as converting short-term rentals to long-term rentals or opening childcare centers. To Senate Local Government & Housing Committee for a hearing 1/30. CAR Supports
    • SB 023 – Hold Harmless for Error in GIS Database Data – Concerning the requirement that local taxing jurisdictions hold harmless vendors that rely on erroneous data in certain electronic systems related to sales and use tax that are managed by the department of revenue. Senate Finance Committee for a hearing 1/30.  CO Chamber Supports.
    • SB 025 – Update Local Government Sales & UseTax Collection – Concerning local government sales and use taxes administered by the department of revenue, and, in connection therewith, revising, modernizing, and harmonizing various state statutes relating to the state-administration of local sales and use tax into one uniform statute. Senate Finance Committee. Hearing on 1/30. CO Chamber wants to amend.
  • SB 033 – Lodging Property Tax Treatment – The bill proposes to increase the property tax of short-term rentals from a residential taxation rate (approximately 6.7% assessment) to a commercial rate (approximately 27.9% assessment) for any unit rented more than 90 days in a calendar year. To Senate Finance Committee. CAR Opposes. C3 Opposes.

Housing

  • HB 1011 – Mortgage Servicers Disburse Insurance Proceeds –  The bill requires a mortgage servicer to disclose certain information to a borrower concerning the disbursement of insurance proceeds to the borrower in the event that a residential property that is subject to a mortgage is damaged or destroyed and an insurance company pays a claim associated with such damage or destruction. To House Business Affairs and Labor Committee for a hearing 1/25.
  • HB 1057 – Prohibit Algorithmic Devices Used for Rent Setting – Concerning prohibiting the use of an algorithmic device by a landlord for the purpose of determining the amount of rent to charge a residential tenant, and, in connection therewith, declaring that such use is an unfair or deceptive trade practice under the “Colorado Consumer Protection Act”. To House Transportation, Housing & Local Government Committee for a hearing on 1/31.
  • HB 1098 – Cause Required for Eviction of Residential Tenant – Concerning protections for residential tenants, and, in connection therewith, requiring cause for the eviction of a residential tenant. 
  • SB 094 – Safe Housing for Residential Tenants – The bill modifies existing warranty of habitability laws by clarifying actions that constitute a breach of the warranty of habitability (breach) and procedures for both landlords and tenants when a warranty of habitability claim (claim) is alleged by the tenant. Senate Local Government & Housing Committee.
  • SB 097 –  Property Tax Distraint Sale Mobile Home – Concerning the distraint sale of a mobile home to collect delinquent property taxes, and, in connection therewith, modifying the provision for payment of any surplus proceeds to align with a federal supreme court decision and extending the redemption period for certain mobile home owners from one to two years.

Local Government 

  • SB 92 – Concerning cost effective energy codes. The bill requires any provision of any energy code adopted by a county or municipality on or after January 1, 2026, to be cost effective. “Cost effective” means, using the existing energy efficiency standards and requirements as a base of comparison, that the economic benefits of the proposed energy efficiency standards and requirements will exceed the economic costs of those standards and requirements based upon an incremental multi-year analysis. Senate Local Government & Housing Committee.

Property Rights

  • SB 058 – Landowner Liability Recreational Use Warning Signs – Concerning landowner liability under the Colorado recreational use statute – To Senate Judiciary Committee for a hearing 1/29.

Transportation

  • SB 032 – Methods to Increase the Use of Transit – the bill creates the statewide transit pass exploratory committee (committee) within the department of transportation (department) to produce a viable proposal for the creation, implementation, and administration of a statewide transit pass. Senate Transportation & Energy Committee.

Broadband

  • SB 091 – Rights-of-Way Permits for Broadband Deployment – The bill creates an alternative method for entities that want to access rights-of-way for the deployment of broadband, whereby the department may issue a permit and impose a permit fee for access to rights-of-way for the deployment of broadband. Senate Transportation & Energy Committee.