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SB23-108

Allowing Temporary Reductions In Property Tax Due

Concerning temporary reductions in property taxes due.
Session:
2023 Regular Session
Subject:
Fiscal Policy & Taxes
Bill Summary

The act allows a local government to provide temporary property tax relief through temporary property tax credits or mill levy reductions and later eliminate the credits or restore the mill levy. A temporary reduction in property taxes must be annually renewed by the local government. A school district may not temporarily reduce its mill levy below an existing statutory minimum mill levy amount.

APPROVED by Governor June 5, 2023

EFFECTIVE August 7, 2023

NOTE: This act was passed without a safety clause and takes effect 90 days after sine die.
(Note: This summary applies to this bill as enacted.)

Status

Introduced
Passed
Became Law

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Bill Text

Sponsors

Sponsor Type Legislators
Prime Sponsor

Sen. M. Baisley, Sen. F. Winter
Rep. L. Frizell, Rep. R. Pugliese

Sponsor

Sen. J. Rich, Sen. D. Roberts
Rep. R. Taggart, Rep. R. Weinberg, Rep. T. Winter

Co-sponsor

Sen. J. Bridges, Sen. J. Buckner, Sen. J. Coleman, Sen. L. Cutter, Sen. T. Exum, Sen. S. Fenberg, Sen. B. Gardner, Sen. J. Ginal, Sen. J. Gonzales, Sen. N. Hinrichsen, Sen. S. Jaquez Lewis, Sen. B. Kirkmeyer, Sen. C. Kolker, Sen. L. Liston, Sen. P. Lundeen, Sen. J. Marchman, Sen. D. Moreno, Sen. K. Mullica, Sen. R. Pelton, Sen. B. Pelton, Sen. K. Priola, Sen. R. Rodriguez, Sen. C. Simpson, Sen. J. Smallwood, Sen. T. Sullivan, Sen. K. Van Winkle, Sen. P. Will, Sen. R. Zenzinger
Rep. J. Amabile, Rep. S. Bird, Rep. R. Bockenfeld, Rep. B. Bradley, Rep. M. Catlin, Rep. K. DeGraaf, Rep. R. Dickson, Rep. M. Duran, Rep. R. English, Rep. G. Evans, Rep. E. Hamrick, Rep. A. Hartsook, Rep. J. Joseph, Rep. C. Kipp, Rep. S. Lieder, Rep. W. Lindstedt, Rep. M. Lukens, Rep. B. Marshall, Rep. J. McCluskie, Rep. K. McCormick, Rep. B. McLachlan, Rep. N. Ricks, Rep. M. Snyder, Rep. M. Soper, Rep. B. Titone, Rep. A. Valdez, Rep. E. Velasco, Rep. S. Vigil, Rep. D. Wilson, Rep. M. Young, Rep. C. deGruy Kennedy

Colorado legislature email addresses ending in @state.co.us are no longer active. Please replace @state.co.us with @coleg.gov for Colorado legislature email addresses. Details

The effective date for bills enacted without a safety clause is August 7, 2024, if the General Assembly adjourns sine die on May 8, 2024, unless otherwise specified. Details