4772CE983DCA3FDA8725896A0071417D Hearing Summary

Representatives Frizell and Lindstedt, co-prime sponsors, presented House Bill 23-1128. The bill expands an existing tax exemption for vacant land held by a nonprofit organization to build and sell affordable housing units, and deems certain land leased by the nonprofit community land trusts and home developers as charitable and exempt under the state constitution.

Amendment L.005 (Attachment A) was distributed and explained.

The sponsors responded to questions from the committee.

Ms. Kendra Longworth, representing Habitat for Humanity of Colorado, testified in support of the bill.

Commissioner Tamara Pogue, representing Colorado Counties Inc., testified to amend the bill.

Commissioner Dick Elsner, representing Colorado Counties Inc., testified to amend the bill.

Ms. Stefka Fanchi, representing Elevation Community Land Trust, testified in support of the bill.

Ms. JoAnn Groff, representing Division of Property Taxation, Department of Local Affairs, testified in a neutral position on the bill.

The witnesses responded to questions from the committee.

The sponsors provided closing comments and asked for a favorable recommendation.

Members of the committee commented on their positions on the bill.