Bill > SB029

This bill clarifies and expands the definition of "ranch" for property tax purposes in Colorado, broadening the existing legal framework to support agricultural producers. Specifically, the bill modifies the current property tax classification to include land used for raising livestock (such as pigs and chickens) for monetary profit, not just land used for grazing livestock. The legislative declaration emphasizes that since 1967, Colorado has used agricultural land classification to support small-scale agricultural producers through property tax reductions, and this bill aims to extend those tax savings to producers raising various types of livestock beyond traditional grazing animals. The bill removes the previous narrow definition of "livestock" and replaces it with a more comprehensive approach that recognizes the economic importance of diverse agricultural activities. The changes will take effect on January 1, 2026, and apply to property tax years starting from that date, with a provision for potential voter referendum. By expanding the definition, the bill seeks to encourage agricultural activity, support local producers, and benefit local and state economies by providing tax relief to a broader range of agricultural businesses.

Agriculture and Natural Resources

https://leg.colorado.gov/bills/sb25-029