CLICS/CLICS2026A/commsumm.nsf
PUBLIC
BILL SUMMARY For SB26-116
SENATE COMMITTEE ON FINANCE
Date Apr 14, 2026
Location SCR 357
SB26-116 - Amended, referred to Senate Appropriations
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| Attachment Tag |
File Name |
| Attachment B |
https://www.leg.state.co.us/CLICS/CLICS2026A/commsumm.nsf/0/123CEE6E07C6815387258DDB005887A9/$File/Attachment B.pdf?OpenElement
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| Attachment C |
https://www.leg.state.co.us/CLICS/CLICS2026A/commsumm.nsf/0/712AB0B6A64A9D1887258DDB0058E12D/$File/Attachment C - Combined.pdf?OpenElement
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02:23:14 PM |
Sen. Weissman introduced
Senate Bill 26-116. The bill allows statutory municipalities to levy a
lodging tax, creates requirements of assessors using the income approach
to value lodging property, extends the qualified-senior primary residence
property tax benefit, increases the business personal property tax exemption
threshold to $60,000, and discontinues local reimbursements for business
personal property tax exemptions. Sen. Weissman discussed L.005 (Attachment
B) and answered committee questions. |
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02:26:00 PM |
Written testimony
may be found in Attachment C. |
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02:43:59 PM |
Megan Wagner, representing
SDA, testified in opposition to the bill. Elizabeth Haskell, representing
the Colorado Municipal League, testified to amend the bill. Keith Erffmeyer,
representing the Division of Property Taxation - DOLA, was available to
answer committee questions. Mr. Ken Watkins, representing Colorado State
Fire Chiefs, testified in opposition to the bill. Jeffrey Thormodsgaard,
representing Colorado Springs Chamber and EDC, testified in opposition
to the bill. Joe Rowan, representing the Northern Colorado Legislative
Alliance, testified in opposition to the bill. The witnesses answered several
committee questions. |
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02:46:28 PM |
David Hansen, Legislative
Council Staff, came to the table to answer committee questions. |
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03:02:56 PM |
Committee discussion
continued with the witnesses. |
03:18:22 PM
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Motion |
Adopt amendment L.005 (Attachment B) |
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| Moved |
Marchman |
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| Seconded |
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Benavidez |
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Bright |
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Frizell |
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Kolker |
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Mullica |
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Simpson |
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Snyder |
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Marchman |
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Kipp |
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YES: 0 NO: 0 EXC: 0 ABS: 0 FINAL ACTION: Pass Without Objection
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03:24:59 PM
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Motion |
Refer Senate Bill 26-116, as amended, to the Committee on Appropriations. |
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| Moved |
Marchman |
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| Seconded |
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Benavidez |
Yes |
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Bright |
No |
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Frizell |
No |
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Kolker |
Yes |
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Mullica |
Yes |
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Simpson |
No |
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Snyder |
Yes |
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Marchman |
Yes |
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Kipp |
Yes |
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Final |
YES: 6 NO: 3 EXC: 0 ABS: 0 FINAL ACTION: PASS
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