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Bill > SB233

CO SB233

CO SB233
Property Tax

summary

Introduced
05/06/2024
In Committee
05/07/2024
Crossed Over
05/10/2024
Passed
05/10/2024
Dead
Signed/Enacted/Adopted
05/14/2024

Introduced Session

2024 Regular Session

Bill Summary

CONCERNING PROPERTY TAX, AND, IN CONNECTION THEREWITH, MAKING AN APPROPRIATION.

AI Summary

This bill establishes a property tax revenue limit for local governmental entities, excluding school districts, home rule municipalities, and local governments with voter-approved revenue limits. The bill requires local governments to enact temporary property tax credits or reductions to prevent their qualified property tax revenue from exceeding the limit. It also reduces the valuation for assessment on certain commercial and agricultural properties. Additionally, the bill provides for the temporary reduction of the residential assessment rate for school district levies if the local share of total program funding reaches 60% or more. The bill includes appropriations to state agencies to implement these changes.

Committee Categories

Budget and Finance, Military Affairs and Security

Sponsors (67)

Steve Fenberg (D)*,  Lisa Frizell (R)*,  Chris Hansen (D)*,  Chris Kennedy (D)*,  Barbara Kirkmeyer (R)*,  Byron Pelton (R)*,  Kevin Priola (D)*,  Rose Pugliese (R)*,  Judy Amabile (D),  Jennifer Bacon (D),  Shannon Bird (D),  Andrew Boesenecker (D),  Jeff Bridges (D),  Janet Buckner (D),  Chad Clifford (D),  James Coleman (D),  Lisa Cutter (D),  Lindsey Daugherty (D),  Monica Duran (D),  Elisabeth Epps (D),  Tony Exum (D),  Rhonda Fields (D),  Meg Froelich (D),  Lorena García (D),  Bob Gardner (R),  Joann Ginal (D),  Eliza Hamrick (D),  Tim Hernández (D),  Leslie Herod (D),  Sonya Jaquez Lewis (D),  Iman Jodeh (D),  Junie Joseph (D),  Cathy Kipp (D),  Chris Kolker (D),  Mandy Lindsay (D),  William Lindstedt (D),  Larry Liston (R),  Meghan Lukens (D),  Paul Lundeen (R),  Javier Mabrey (D),  Bob Marshall (D),  Matt Martinez (D),  Tisha Mauro (D),  Julie McCluskie (D),  Karen McCormick (D),  Barbara McLachlan (D),  Dafna Michaelson Jenet (D),  David Ortiz (D),  Jennifer Parenti (D),  Rod Pelton (R),  Janice Rich (R),  Naquetta Ricks (D),  Robert Rodriguez (D),  Manny Rutinel (D),  Cleave Simpson (R),  Emily Sirota (D),  Marc Snyder (D),  Tammy Story (D),  Tom Sullivan (D),  Brianna Titone (D),  Alex Valdez (D),  Elizabeth Velasco (D),  Stephanie Vigil (D),  Michael Weissman (D),  Jenny Willford (D),  Mary Young (D),  Rachel Zenzinger (D), 

Last Action

Governor Signed (on 05/14/2024)

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Document Type Source Location
State Bill Page https://leg.colorado.gov/bills/sb24-233
Fiscal Note FN5 https://leg.colorado.gov/sites/default/files/documents/2024A/bills/fn/2024a_sb233_f1.pdf
BillText https://leg.colorado.gov/sites/default/files/documents/2024A/bills/2024a_233_enr.pdf
BillText https://leg.colorado.gov/sites/default/files/documents/2024A/bills/2024a_233_rr2.pdf
Third Reading Amendment L.024 https://s3-us-west-2.amazonaws.com/leg.colorado.gov/2024A/amendments/05F5BFF29330DB9C87258B170075202D/SB233_L.024.pdf
BillText https://leg.colorado.gov/sites/default/files/documents/2024A/bills/2024a_233_ren.pdf
BillText https://leg.colorado.gov/sites/default/files/documents/2024A/bills/2024a_233_rev.pdf
Second Reading Amendment L.020 https://s3-us-west-2.amazonaws.com/leg.colorado.gov/2024A/amendments/53635D0347745A3D87258B170006A95A/SB233_L.020.pdf
Second Reading Amendment L.017 https://s3-us-west-2.amazonaws.com/leg.colorado.gov/2024A/amendments/B7023B2A275FD00C87258B1700069D52/SB233_L.017.pdf
House Appropriations Amendment J.002 https://s3-us-west-2.amazonaws.com/leg.colorado.gov/2024A/amendments/9A357584F93F309387258B160077ECC3/SB233_J.002.pdf
House Appropriations Amendment L.016 https://s3-us-west-2.amazonaws.com/leg.colorado.gov/2024A/amendments/0683C9FAC9DDE35387258B1600750C21/SB233_L.016.pdf
Fiscal Note FN4 https://leg.colorado.gov/sites/default/files/documents/2024A/bills/fn/2024a_sb233_r3.pdf
Fiscal Note FN3 https://leg.colorado.gov/sites/default/files/documents/2024A/bills/fn/2024a_sb233_r2.pdf
Fiscal Note/Analysis - Budget Staff Analysis SA2 https://leg.colorado.gov/sites/default/files/documents/2024A/bills/fn/2024a_sb0233_hse.pdf
BillText https://leg.colorado.gov/sites/default/files/documents/2024A/bills/2024a_233_eng.pdf
Second Reading Amendment L.005 https://s3-us-west-2.amazonaws.com/leg.colorado.gov/2024A/amendments/3730BE6C36474E2187258B16000F5D91/SB233_L.005.pdf
Second Reading Amendment L.004 https://s3-us-west-2.amazonaws.com/leg.colorado.gov/2024A/amendments/07FE1D8C1D21FDE187258B16000F551A/SB233_L.004.pdf
Second Reading Amendment L.002 https://s3-us-west-2.amazonaws.com/leg.colorado.gov/2024A/amendments/3E5AE6DFF704BB3987258B1500655F87/SB233_L.002.pdf
Second Reading Amendment L.006 https://s3-us-west-2.amazonaws.com/leg.colorado.gov/2024A/amendments/BD11534A0AA02BBA87258B160010E360/SB233_L.006.pdf
Second Reading Amendment L.007 https://s3-us-west-2.amazonaws.com/leg.colorado.gov/2024A/amendments/CD6D4160EC04A7C387258B160011F329/SB233_L.007.pdf
Senate Appropriations Amendment J.001 https://s3-us-west-2.amazonaws.com/leg.colorado.gov/2024A/amendments/AA6D78877530B59A87258B1500828B3D/SB233_J.001.pdf
Fiscal Note FN2 https://leg.colorado.gov/sites/default/files/documents/2024A/bills/fn/2024a_sb233_r1.pdf
Fiscal Note/Analysis - Budget Staff Analysis SA1 https://leg.colorado.gov/sites/default/files/documents/2024A/bills/fn/2024a_sb0233_sen.pdf
BillText https://leg.colorado.gov/sites/default/files/documents/2024A/bills/2024a_233_01.pdf
Fiscal Note FN1 https://leg.colorado.gov/sites/default/files/documents/2024A/bills/fn/2024a_sb233_00.pdf
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