CO SB002

Bill

CO SB002

Local Government Property Tax Credits Rebates

Introduced
01/10/2024

In Committee
02/13/2024

Crossed Over
03/11/2024

Passed
03/12/2024

Dead

Signed/Enacted/Adopted
03/15/2024

Introduced Session

2024 Regular Session

Bill Summary

CONCERNING THE AUTHORITY OF A LOCAL GOVERNMENT TO ESTABLISH A PROPERTY TAX INCENTIVE PROGRAM TO ADDRESS AN AREA OF SPECIFIC LOCAL CONCERN RELATED TO THE USE OF REAL PROPERTY IN THE GOVERNMENT'S JURISDICTION, AND, IN CONNECTION THEREWITH, AUTHORIZING COUNTIES AND MUNICIPALITIES TO OFFER LIMITED PROPERTY TAX CREDITS OR REBATES TO INCENTIVE PROGRAM PARTICIPANTS.

AI Summary

This bill authorizes counties and municipalities in Colorado to establish property tax incentive programs to address specific local concerns related to the use of real property, such as affordable housing, childcare, economic development, and other community needs. The bill defines "area of specific local concern" and allows counties and municipalities to offer partial or full property tax credits or rebates to property owners who participate in these incentive programs. The bill outlines the process for establishing and evaluating these programs, requiring public hearings and oversight to ensure their effectiveness in addressing the identified local concerns.

Committee Categories

Housing and Urban Affairs

Sponsors (37)

Lisa Frizell (R)*, Julie McCluskie (D)*, Dylan Roberts (D)*, Judy Amabile (D), Shannon Bird (D), Andrew Boesenecker (D), Jeff Bridges (D), Chad Clifford (D), Monica Duran (D), Tony Exum (D), Steve Fenberg (D), Meg Froelich (D), Bob Gardner (R), Eliza Hamrick (D), Leslie Herod (D), Iman Jodeh (D), Junie Joseph (D), Cathy Kipp (D), Barbara Kirkmeyer (R), Sheila Lieder (D), Larry Liston (R), Meghan Lukens (D), Paul Lundeen (R), Kyle Mullica (D), David Ortiz (D), Byron Pelton (R), Rod Pelton (R), Kevin Priola (D), Janice Rich (R), Naquetta Ricks (D), Cleave Simpson (R), Marc Snyder (D), Brianna Titone (D), Stephanie Vigil (D), Perry Will (R), Mary Young (D), Rachel Zenzinger (D),

Last Action

Governor Signed (on 03/15/2024)

Official Document

https://leg.colorado.gov/bills/sb24-002

Version:

Document Type	Source Location
State Bill Page	https://leg.colorado.gov/bills/sb24-002
Fiscal Note FN2	https://leg.colorado.gov/sites/default/files/documents/2024A/bills/fn/2024a_sb002_f1.pdf
BillText	https://leg.colorado.gov/sites/default/files/documents/2024A/bills/2024a_002_enr.pdf
BillText	https://leg.colorado.gov/sites/default/files/documents/2024A/bills/2024a_002_rer.pdf
BillText	https://leg.colorado.gov/sites/default/files/documents/2024A/bills/2024a_002_rev.pdf
Second Reading Amendment L.008	https://s3-us-west-2.amazonaws.com/leg.colorado.gov/2024A/amendments/1869CDD62D9AC1B287258ACC00531F13/SB002_L.008.pdf
BillText	https://leg.colorado.gov/sites/default/files/documents/2024A/bills/2024a_002_ren.pdf
BillText	https://leg.colorado.gov/sites/default/files/documents/2024A/bills/2024a_002_eng.pdf
Senate Local Government & Housing Amendment L.004	https://s3-us-west-2.amazonaws.com/leg.colorado.gov/2024A/amendments/A403B17E58806D4387258AB4005CD508/SB002_L.004.pdf
Senate Local Government & Housing Amendment L.001	https://s3-us-west-2.amazonaws.com/leg.colorado.gov/2024A/amendments/FACAD064FD94455D87258AB4005464B2/SB002_L.001.pdf
Fiscal Note FN1	https://leg.colorado.gov/sites/default/files/documents/2024A/bills/fn/2024a_sb002_00.pdf
BillText	https://leg.colorado.gov/sites/default/files/documents/2024A/bills/2024a_002_01.pdf

Bill > SB002

summary

Introduced Session

Bill Summary

AI Summary

Committee Categories

Sponsors (37)

Last Action

Official Document

bill text

bill summary

bill summary

bill summary