summary
Introduced
01/14/2026
01/14/2026
In Committee
01/14/2026
01/14/2026
Crossed Over
Passed
Dead
02/09/2026
02/09/2026
Introduced Session
Potential new amendment
2026 Regular Session
Bill Summary
The bill authorizes a county or municipality (local government), after approval by the electors of the local government, to impose an excise or a property tax, or both, on vacant residential properties within the boundaries of the local government (local taxes on vacant residential properties) (sections 1 and 3 of the bill). A local government may use the revenues collected from either tax only for affordable, attainable, or workforce housing. A county assessor has no duty in implementing local taxes on vacant residential properties, but in an assessor's discretion, the assessor may assist by providing data and information to a local government or local housing tax authority, and may enter into an intergovernmental agreement that provides for compensation in exchange for the assessor's assistance. The bill also creates a process for the creation of a local housing tax authority (authority) by intergovernmental agreement to allow 2 or more counties, cities and counties, or municipalities to form a joint taxing authority to collectively establish, levy, collect, and enforce local taxes on vacant residential properties within the boundaries of the authority (section 2).
AI Summary
This bill allows counties and municipalities, after voter approval, to impose taxes on vacant residential properties, which are defined as residential buildings that are unoccupied for a specified period and are not short-term rentals. These taxes can be either an excise tax (a tax on a transaction or activity) or a property tax (a tax based on the value of property), or both. The revenue generated from these taxes must be used exclusively for affordable, attainable, or workforce housing initiatives. The bill also establishes a process for multiple local governments to form a "local housing tax authority" through an intergovernmental agreement, enabling them to jointly levy, collect, and enforce these vacant property taxes within their combined boundaries. County assessors are not required to implement these taxes but may voluntarily assist local governments or housing tax authorities by providing data and information, potentially for compensation.
Committee Categories
Budget and Finance
Sponsors (2)
Last Action
House Committee on Finance Postpone Indefinitely (on 02/09/2026)
Official Document
bill text
bill summary
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bill summary
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bill summary
| Document Type | Source Location |
|---|---|
| State Bill Page | https://leg.colorado.gov/bills/HB26-1036 |
| House Finance Amendment L.002 | https://leg.colorado.gov/bill_amendments/17804/download |
| House Finance Amendment L.005 | https://leg.colorado.gov/bill_amendments/17805/download |
| Fiscal Note FN1 | https://leg.colorado.gov/bill_files/111085/download |
| BillText | https://s3.us-west-2.amazonaws.com/beta.leg.colorado.gov/fa2b6aeab13c2dd99430e23de5314648 |
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