Bill > SB272

This bill modifies Colorado state law to expand the sales and use tax exemption for construction materials used by regional transportation authorities (RTAs) to build, erect, alter, or repair structures specifically for housing their employees or contractors. The bill amends existing statutes to clarify that RTAs now have the explicit power to construct such facilities and that the construction of these employee housing structures falls under "governmental capacities" for tax exemption purposes. By adding new provisions to sections 43-4-604 and 43-4-605, the legislation grants RTAs the legal authority to develop housing for their staff and contractors, and ensures that the construction materials used in these projects will be exempt from sales and use taxes. This change appears designed to provide RTAs with more flexibility in managing their workforce and facilities, while also offering a financial incentive by eliminating sales tax costs associated with constructing employee housing.

Budget and Finance, Transportation and Infrastructure

https://leg.colorado.gov/bills/sb25-272