Bill > SB044

This bill allows county commissioners to cancel taxes on severed mineral accounts, which are rights to extract minerals separate from land ownership, if those taxes become delinquent for five years and are deemed uncollectible, and then to transfer these mineral accounts to the grantee or surface owner of record via a tax deed at no cost, or to the treasurer's office. It also modifies rules regarding the time limits for counties to hold tax lien certificates, reducing the period from thirty years to fifteen years for general real property, but specifically to five years for severed mineral accounts before they can be declared void and conveyed to the grantee or surface owner of record. This change aims to streamline the process of resolving old tax liens on mineral rights and prevent them from lingering indefinitely.

Budget and Finance

https://leg.colorado.gov/bills/SB26-044