Colorado 2023 1st Special Session

Colorado House Bill HB1003 Compare Versions

Version 1 (Old)

Version 2 (New)

Old	New		Differences
1	1		First Extraordinary Session
2	2		Seventy-fourth General Assembly
3	3		STATE OF COLORADO
4		-	~~REVISED~~
	4	+	ENGROSSED
5	5		This Version Includes All Amendments Adopted
6		-	on Second Reading in the ~~Second House~~
	6	+	on Second Reading in the House of Introduction
7	7		LLS NO. 23B-0021.02 Alison Killen x4350
8	8		HOUSE BILL 23B-1003
9	9		House Committees Senate Committees
10		-	State, Civic, Military, & Veterans Affairs ~~Finance~~
11		-	Appropriations ~~Appropriations~~
	10	+	State, Civic, Military, & Veterans Affairs
	11	+	Appropriations
12	12		A BILL FOR AN ACT
13	13		C
14	14		ONCERNING THE CREATION OF THE PROPERTY TAX TASK
15	15		FORCE, AND,101
16	16		IN CONNECTION THEREWITH , MAKING AN APPROPRIATION .102
17	17		Bill Summary
18	18		(Note: This summary applies to this bill as introduced and does
19	19		not reflect any amendments that may be subsequently adopted. If this bill
20	20		passes third reading in the house of introduction, a bill summary that
21	21		applies to the reengrossed version of this bill will be available at
22	22		http://leg.colorado.gov
23	23		.)
24	24		The bill creates the property tax task force (task force). The task
25	25		force consists of 11 members, including members of the general assembly
26	26		and individuals who are not members of the general assembly. The bill
27	27		also creates 2 task force subpanels that consist of members from the task
28	28		force and other members. The purposes of the task force and the task
29	29		force subpanels are to study and develop a permanent and sustainable
30		-	SENATE
31		-	Amended 2nd Reading
32		-	November 19, 2023
33		-	HOUSE
34		-	3rd Reading Unamended
35		-	November 18, 2023
36	30		HOUSE
37	31		Amended 2nd Reading
38	32		November 17, 2023
39	33		HOUSE SPONSORSHIP
40		-	Snyder, Amabile, Bird, Boesenecker, Brown, Daugherty, Duran, Epps, Froelich, Herod,
41		-	Jodeh, Joseph, Kipp, Lindsay, Lukens, Marshall, Mauro, McCluskie, McLachlan, Ortiz,
42		-	Sharbini, Story, Titone, Valdez, Velasco, Weissman, Young
	34	+	Snyder,
43	35		SENATE SPONSORSHIP
44	36		Mullica,
45	37		Shading denotes HOUSE amendment. Double underlining denotes SENATE amendment.
46	38		Capital letters or bold & italic numbers indicate new material to be added to existing law.
47	39		Dashes through the words or numbers indicate deletions from existing law. property tax structure for the state of Colorado.
48	40		The task force is required to:
49	41		! Convene by June 15, 2024;
50	42		! Meet at least 5 times in its first year and at least 8 times
51	43		every year thereafter that it meets; and
52	44		! Submit reports with its findings and recommendations to
53	45		the general assembly by October 15.
54	46		After the task force makes its first report to the general assembly,
55	47		the task force may determine that it has fulfilled its purposes and the task
56	48		force may be disbanded.
57	49		The task force is repealed on November 1, 2027.
58	50		Be it enacted by the General Assembly of the State of Colorado:1
59	51		SECTION 1. Legislative declaration. (1) The general assembly2
60	52		finds and declares that:3
61	53		(a) Colorado has experienced historic growth in property values4
62	54		which has caused property taxes to rise well above the rate of inflation,5
63	55		contributing to an increase in the cost of housing;6
64	56		(b) Legislation passed in 2022 and 2023 temporarily reduced7
65	57		property taxes for homeowners and businesses;8
66	58		(c) It is important that leaders come together to work towards9
67	59		developing a property tax structure for future years that balances the10
68	60		needs of homeowners, businesses, and local governments that rely on11
69	61		property tax to provide local services;12
70	62		(d) The state of Colorado has a long tradition of respecting local13
71	63		control. In furtherance of that tradition, the general assembly declares that14
72	64		buy-in and involvement from individuals with an intimate understanding15
73	65		of the needs of their communities will be crucial in realizing its goal to16
74	66		develop a permanent and sustainable property tax structure for the state.17
75	67		(e) Colorado public schools receive over half of their funding18
76	68		from property tax and the Colorado general assembly has a bipartisan19
77	69		1003-2- objective to fully fund the Public School Finance Act without a budget1
78	70		stabilization factor; and2
79	71		(f) Residential tenants pay property taxes through their rent, which3
80	72		contributes to the high cost of housing, making residential tenants an4
81	73		important consideration in any property tax proposal.5
82	74		SECTION 2. In Colorado Revised Statutes, add part 22 to article6
83	75		2 of title 2 as follows:7
84	76		PART 228
85	77		PROPERTY TAX TASK FORCE9
86	78		2-2-2201. Commission on property tax - creation - powers and10
87	79		duties - report - repeal. (1) NOTWITHSTANDING SECTION 2-3-303.3,11
88	80		THERE IS CREATED THE COMMISSION ON PROPERTY TAX, REFERRED TO IN12
89	81		THIS SECTION AS THE "COMMISSION", FOR THE PURPOSE OF STUDYING AND13
90	82		MAKING RECOMMENDATIONS FOR A PROPERTY TAX STRUCTURE THAT14
91	83		PROTECTS PROPERTY OWNERS AND RESIDENTIAL TENANTS FROM RISING15
92	84		PROPERTY TAXES WHILE MEETING THE NEEDS OF GOVERNMENTS THAT16
93	85		RELY ON PROPERTY TAX TO PAY FOR LOCAL SERVICES .17
94		-	(2) THE COMMISSION ~~CONSISTS~~ OF ~~NINETEEN~~ MEMBERS THAT18
	86	+	(2) THE COMMISSION SHALL CONSIST OF EIGHTEEN MEMBERS THAT18
95	87		REPRESENT THE DEMOGRAPHIC AND GEOGRAPHIC DIVERSITY OF THE STATE19
96	88		AS FOLLOWS:20
97		-	21
98		-	(a) T
99		-	WO MEMBERS OF THE HOUSE OF REPRESENTATIVES , WITH ONE
100		-	22
101		-	MEMBER OF THE MAJORITY PARTY APPOINTED BY THE SPEAKER OF THE23
102		-	HOUSE OF REPRESENTATIVES AND ONE MEMBER OF THE MINORITY PARTY24
103		-	APPOINTED BY THE HOUSE MINORITY LEADER ;25
104		-	(b) T
105		-	WO MEMBERS OF THE SENATE , WITH ONE MEMBER OF THE
106		-	26
107		-	MAJORITY PARTY APPOINTED BY THE PRESIDENT OF THE SENATE AND ONE27
	89	+	(a) THREE MEMBERS OF THE HOUSE OF REPRESENTATIVES , WITH21
	90	+	TWO MEMBERS OF THE MAJORITY PARTY APPOINTED BY THE SPEAKER OF22
	91	+	THE HOUSE OF REPRESENTATIVES AND ONE MEMBER OF THE MINORITY23
	92	+	PARTY APPOINTED BY THE HOUSE MINORITY LEADER ;24
	93	+	(b) THREE MEMBERS OF THE SENATE, WITH TWO MEMBERS OF THE25
	94	+	MAJORITY PARTY APPOINTED BY THE PRESIDENT OF THE SENATE AND ONE26
	95	+	MEMBER OF THE MINORITY PARTY APPOINTED BY THE SENATE MINORITY27
108	96		1003
109		-	-3- MEMBER OF THE MINORITY PARTY APPOINTED BY THE SENATE MINORITY1
110		-	LEADER;2
111		-	(c) T
112		-	HE PROPERTY TAX ADMINISTRATOR IN THE DIVISION OF
113		-	3
114		-	PROPERTY TAXATION IN THE DEPARTMENT OF LOCAL AFFAIRS ;4
115		-	(d) O
116		-	NE INDIVIDUAL WHO IS A MAYOR OR ELECTED CITY COUNCIL
117		-	5
118		-	PERSON, OR THE DESIGNEE OF A MAYOR OR ELECTED CITY COUNCIL6
119		-	PERSON, APPOINTED BY THE COLORADO MUNICIPAL LEAGUE;7
120		-	(e) O
121		-	NE INDIVIDUAL WHO IS SERVING OR HAS SERVED AS A COUNTY
122		-	8
123		-	ASSESSOR, APPOINTED BY THE GOVERNOR;9
124		-	(f) T
125		-	HE EXECUTIVE DIRECTOR OF THE SPECIAL DISTRICT
126		-	10
127		-	A
128		-	SSOCIATION OF COLORADO;
129		-	11
130		-	(g) O
131		-	NE INDIVIDUAL WHO IS THE CHIEF FINANCIAL OFFICER OF A
132		-	12
133		-	SCHOOL DISTRICT, APPOINTED BY THE COLORADO ASSOCIATION OF13
134		-	S
135		-	CHOOL EXECUTIVES;
136		-	14
137		-	(h) O
138		-	NE INDIVIDUAL REPRESENTING A STATEWIDE ORGANIZATION
139		-	15
140		-	THAT HAS EXPERTISE IN COLORADO SCHOOL FUNDING POLICY OR A16
141		-	STATEWIDE ORGANIZATION THAT REPRESENTS COLORADO EDUCATORS ,17
142		-	APPOINTED BY THE PRESIDENT OF THE SENATE ;18
143		-	(i) O
144		-	NE INDIVIDUAL REPRESENTING AN ORGANIZATION THAT
145		-	19
146		-	REPRESENTS COLORADO COMMERCIAL OR RESIDENTIAL PROPERTY20
147		-	OWNERS, APPOINTED BY THE HOUSE MINORITY LEADER ;21
148		-	(j) O
149		-	NE INDIVIDUAL WHO IS A FIRE CHIEF, APPOINTED BY THE
150		-	22
151		-	C
152		-	OLORADO STATE FIRE CHIEFS;
153		-	23
154		-	(k) O
155		-	NE INDIVIDUAL REPRESENTING AN ORGANIZATION WITH
156		-	24
157		-	EXPERTISE IN ADVOCATING FOR LOW -INCOME INDIVIDUALS, SENIORS,25
158		-	INDIVIDUALS WITH FIXED INCOMES, OR RESIDENTIAL TENANTS, APPOINTED26
159		-	BY THE SPEAKER OF THE HOUSE OF REPRESENTATIVES ;27
	97	+	-3- LEADER;1
	98	+	(c) THE PROPERTY TAX ADMINISTRATOR IN THE DIVISION OF2
	99	+	PROPERTY TAX OF THE DEPARTMENT OF LOCAL AFFAIRS ;3
	100	+	(d) ONE INDIVIDUAL WHO IS A MAYOR OR ELECTED CITY COUNCIL4
	101	+	PERSON, OR THE DESIGNEE OF A MAYOR OR ELECTED CITY COUNCIL5
	102	+	PERSON, APPOINTED BY THE SPEAKER OF THE HOUSE OF REPRESENTATIVES ;6
	103	+	(e) ONE INDIVIDUAL WHO IS SERVING OR HAS SERVED AS A COUNTY7
	104	+	ASSESSOR, APPOINTED BY THE GOVERNOR;8
	105	+	(f) ONE INDIVIDUAL REPRESENTING A STATEWIDE ORGANIZATION9
	106	+	REPRESENTING SPECIAL DISTRICTS, APPOINTED BY THE PRESIDENT OF THE10
	107	+	SENATE;11
	108	+	(g) ONE INDIVIDUAL WHO IS SERVING AS THE CHIEF FINANCIAL12
	109	+	OFFICER OF A SCHOOL DISTRICT;13
	110	+	(h) ONE INDIVIDUAL WHO IS SERVING AS A COUNTY COMMISSIONER14
	111	+	FOR A COUNTY HAVING A POPULATION OF LESS THAN THREE HUNDRED15
	112	+	THOUSAND, APPOINTED BY THE SPEAKER OF THE HOUSE OF16
	113	+	REPRESENTATIVES;17
	114	+	(i) ONE INDIVIDUAL WHO IS SERVING AS EITHER A COUNTY18
	115	+	COMMISSIONER FOR A COUNTY HAVING A POPULATION OF EQUAL TO OR19
	116	+	GREATER THAN THREE HUNDRED THOUSAND OR ON THE GOVERNING BODY20
	117	+	FOR A CITY AND COUNTY HAVING A POPULATION OF EQUAL TO OR GREATER21
	118	+	THAN THREE HUNDRED THOUSAND, APPOINTED BY THE PRESIDENT OF THE22
	119	+	SENATE;23
	120	+	(j) ONE INDIVIDUAL WITH PROFESSIONAL EXPERIENCE RELATED TO24
	121	+	BOTH COMMERCIAL AND RESIDENTIAL REAL PROPERTY , APPOINTED BY THE25
	122	+	SPEAKER OF THE HOUSE OF REPRESENTATIVES ;26
	123	+	(k) ONE INDIVIDUAL WHO IS A FIRE CHIEF, APPOINTED BY THE27
160	124		1003
161		-	-4- (l) THE EXECUTIVE DIRECTOR OF A STATEWIDE OR REGIONAL1
162		-	BUSINESS ORGANIZATION, APPOINTED BY THE SENATE MINORITY LEADER ;2
163		-	(m) O
164		-	NE INDIVIDUAL WHO IS SERVING AS A COUNTY
165		-	3
166		-	COMMISSIONER FROM A COUNTY THAT IS IN THE FRONT RANGE REGION , AS4
167		-	DEFINED IN SECTION 26-5-103.5 (2)(c)(I)(B), APPOINTED BY THE5
168		-	PRESIDENT OF THE SENATE;6
169		-	(n) O
170		-	NE INDIVIDUAL WHO IS SERVING AS A COUNTY COMMISSIONER
171		-	7
172		-	FROM A COUNTY THAT IS IN THE MOUNTAIN REGION , AS DEFINED IN8
173		-	SECTION 26-5-103.5 (2)(c)(I)(C), APPOINTED BY THE SPEAKER OF THE9
174		-	HOUSE OF REPRESENTATIVES;10
175		-	(o) O
176		-	NE INDIVIDUAL WHO IS SERVING AS A COUNTY COMMISSIONER
177		-	11
178		-	FROM A COUNTY THAT IS IN THE EASTERN REGION , AS DEFINED IN SECTION12
179		-	26-5-103.5 (2)(c)(I)(A).
180		-	APPOINTED BY THE HOUSE MINORITY LEADER ;
181		-	13
182		-	(p) O
183		-	NE INDIVIDUAL WHO IS SERVING AS A COUNTY COMMISSIONER
184		-	14
185		-	FROM A COUNTY THAT IS IN THE SOUTHERN REGION , AS DEFINED IN15
186		-	SECTION 26-5-103.5 (2)(c)(I)(D), APPOINTED BY THE SENATE MINORITY16
187		-	LEADER; AND17
188		-	(q) O
189		-	NE INDIVIDUAL WHO IS SERVING AS A COUNTY COMMISSIONER
190		-	18
191		-	FROM A COUNTY THAT IS IN THE WESTERN REGION , AS DEFINED IN SECTION19
192		-	26-5-103.5 (2)(c)(I)(E),
193		-	APPOINTED BY THE GOVERNOR .
194		-	20
195		-	(3) (a) ALL APPOINTMENTS DESCRIBED IN SUBSECTION (2) OF THIS21
196		-	SECTION SHALL BE MADE NO LATER THAN DECEMBER 4, 2023. AN22
197		-	INDIVIDUAL WHO IS MATERIALLY CONNECTED TO AN INITIATIVE PETITION23
198		-	THAT CONCERNS PROPERTY TAX AND T HAT HAS BEEN SUBMITTED TO THE24
199		-	DIRECTORS OF THE LEGISLATIVE COUNCIL AND THE OFFICE OF LEGISLATIVE25
200		-	LEGAL SERVICES FOR REVIEW AND COMMENT PURSUANT TO SECTION26
201		-	1-40-105
202		-	(1) OR WHO IS A REGISTERED AGENT OR COMPENSATED
203		-	27
	125	+	-4- PRESIDENT OF THE SENATE;1
	126	+	(l) ONE INDIVIDUAL REPRESENTING A LABOR ORGANIZATION2
	127	+	REPRESENTING WORKERS IN INDUSTRIES MATERIALLY IMPACTED BY3
	128	+	PROPERTY TAX REVENUE, APPOINTED BY THE PRESIDENT OF THE SENATE; 4
	129	+	(m) ONE INDIVIDUAL REPRESENTING A STATEWIDE OR REGIONAL5
	130	+	ORGANIZATION REPRESENTING BUSINESSES MATERIALLY IMPACTED BY6
	131	+	PROPERTY TAX REVENUE, APPOINTED BY THE GOVERNOR; AND7
	132	+	(n) ONE INDIVIDUAL WHO REPRESENTS A STATEWIDE RENTAL8
	133	+	ASSISTANCE ORGANIZATION OR A RESIDENTIAL TENANT WHO RESIDES IN9
	134	+	A DISPROPORTIONATELY IMPACTED COMMUNITY AS DEFINED IN SECTION10
	135	+	24-4-109 (2)(b)(II), APPOINTED BY THE SPEAKER OF THE HOUSE OF11
	136	+	REPRESENTATIVES.12
	137	+	(3) (a) ALL APPOINTMENTS DESCRIBED IN SUBSECTION (2) OF THIS13
	138	+	SECTION SHALL BE MADE NO LATER THAN NOVEMBER 26, 2023.14
	139	+	(b) THE SPEAKER OF THE HOUSE OF REPRESENTATIVES SHALL15
	140	+	APPOINT THE CHAIR OF THE COMMISSION AND THE PRESIDENT OF THE16
	141	+	SENATE SHALL APPOINT THE VICE-CHAIR OF THE COMMISSION. THE CHAIR17
	142	+	AND VICE-CHAIR OF THE COMMISSION MUST BE LEGISLATORS APPOINTED18
	143	+	PURSUANT TO SUBSECTIONS (2)(a) AND (2)(b) OF THIS SECTION.19
	144	+	(c) MEMBERS OF THE COMMISSION SERVE AT THE PLEASURE OF THE20
	145	+	APPLICABLE APPOINTING AUTHORITY OR UNTIL THE MEMBER NO LONGER21
	146	+	SERVES IN THE POSITION FOR WHICH THAT MEMBER WAS APPOINTED TO22
	147	+	THE COMMISSION, AT WHICH TIME A VACANCY IS DEEMED TO EXIST ON THE23
	148	+	COMMISSION. IF A VACANCY OCCURS, THE APPROPRIATE APPOINTING24
	149	+	AUTHORITY SHALL APPOINT A REPLACEMENT MEMBER THAT MEETS THE25
	150	+	REQUIREMENTS SET FORTH IN SUBSECTION (2) OF THIS SECTION FOR THE26
	151	+	VACANT POSITION NOT LATER THAN TEN BUSINESS DAYS FROM THE DATE27
204	152		1003
205		-	-5- EMPLOYEE OF AN ISSUE COMMITTEE , AS DEFINED IN SECTION 1-45-1031
206		-	(12),
207		-	THAT SUPPORTS OR OPPOSES SUCH AN INITIATED MEASURE IS
208		-	2
209		-	INELIGIBLE TO BE APPOINTED TO THE COMMISSION .3
210		-	(b) THE PRESIDENT OF THE SENATE SHALL APPOINT THE CHAIR OF4
211		-	THE COMMISSION AND THE SPEAKER OF THE HOUSE OF REPRESENTATIVES5
212		-	SHALL APPOINT THE VICE-CHAIR OF THE COMMISSION. 6
213		-	(c) MEMBERS OF THE COMMISSION SERVE AT THE PLEASURE OF THE7
214		-	APPLICABLE APPOINTING AUTHORITY OR UNTIL THE MEMBER NO LONGER8
215		-	SERVES IN THE POSITION FOR WHICH THAT MEMBER WAS APPOINTED TO9
216		-	THE COMMISSION, AT WHICH TIME A VACANCY IS DEEMED TO EXIST ON THE10
217		-	COMMISSION. IF A VACANCY OCCURS, THE APPROPRIATE APPOINTING11
218		-	AUTHORITY SHALL APPOINT A REPLACEMENT MEMBER WHO MEETS THE12
219		-	REQUIREMENTS SET FORTH IN SUBSECTION (2) OF THIS SECTION FOR THE13
220		-	VACANT POSITION NOT LATER THAN TEN BUSINESS DAYS FROM THE DATE14
221		-	THE VACANCY IS DEEMED TO EXIST. IF THE APPROPRIATE APPOINTING15
222		-	AUTHORITY FAILS TO APPOINT A REPLACEMENT MEMBER AS REQUIRED BY16
223		-	THIS SUBSECTION (3)(c), THE SPEAKER OF THE HOUSE OF17
224		-	REPRESENTATIVES SHALL APPOINT A REPLACEMENT MEMBER WHO MEETS18
225		-	THE REQUIREMENTS SET FORTH IN SUBSECTION (2) OF THIS SECTION.19
226		-	(d) THE COMMISSION MAY ESTABLISH SPECIAL PURPOSE20
227		-	SUBCOMMITTEES WITH NONVOTING MEMBERS TO EVALUATE AND21
228		-	CONSIDER PROPERTY TAX ISSUES AS IT DEEMS NECESSARY TO FULFILL ITS22
229		-	GOALS AND OBJECTIVES SET FORTH IN SUBSECTION (5) OF THIS SECTION.23
230		-	(e) AS SOON AS FEASIBLE AFTER THE EFFECTIVE DATE OF THIS24
231		-	SUBSECTION (3)(e), THE COMMISSION SHALL ENTER INTO A CONTRACT25
232		-	WITH A FACILITATOR WITH EXPERIENCE IN TAX POLICY TO GUIDE THE26
233		-	WORK OF THE COMMISSION AND TO ASSIST IN DRAFTING THE REPORT27
	153	+	-5- THE VACANCY IS DEEMED TO EXIST. IF THE APPROPRIATE APPOINTING1
	154	+	AUTHORITY FAILS TO APPOINT A REPLACEMENT MEMBER AS REQUIRED BY2
	155	+	THIS SUBSECTION (3)(c), THE SPEAKER OF THE HOUSE OF3
	156	+	REPRESENTATIVES SHALL APPOINT A REPLACEMENT MEMBER THAT MEETS4
	157	+	THE REQUIREMENTS SET FORTH IN SUBSECTION (2) OF THIS SECTION.5
	158	+	(d) THE COMMISSION MAY ESTABLISH SPECIAL PURPOSE6
	159	+	SUBCOMMITTEES WITH NONVOTING MEMBERS TO EVALUATE AND7
	160	+	CONSIDER PROPERTY TAX ISSUES AS IT DEEMS NECESSARY TO FULFILL ITS8
	161	+	GOALS AND OBJECTIVES SET FORTH IN SUBSECTION (5) OF THIS SECTION.9
	162	+	(e) NO LATER THAN NOVEMBER 27, 2023, THE COMMISSION SHALL10
	163	+	ENTER INTO A CONTRACT WITH A FACILITATOR WITH EXPERIENCE IN TAX11
	164	+	POLICY TO GUIDE THE WORK OF THE COMMISSION AND TO ASSIST IN12
	165	+	DRAFTING THE REPORT REQUIRED IN SUBSECTION (6)(a) OF THIS SECTION.13
	166	+	THE COMMISSION SHALL SELECT A NEUTRAL FACILITATOR WHO IS NOT14
	167	+	AFFILIATED WITH A STATEWIDE ORGANIZATION DESCRIBED IN SUBSECTION15
	168	+	(2) OF THIS SECTION.16
	169	+	(4) (a) THE COMMISSION SHALL MEET ONCE A WEEK BEGINNING17
	170	+	THE WEEK OF NOVEMBER 27, 2023, THROUGH THE WEEK OF MARCH 1,18
	171	+	2024, EXCLUDING THE WEEK OF DECEMBER 27, 2023. A MAJORITY OF THE19
	172	+	MEMBERS OF THE COMMISSION MAY VOTE TO EXTEND THE WORK OF THE20
	173	+	COMMISSION PAST MARCH 1, 2024, TO ALTER THE MEETING SCHEDULE OF21
	174	+	THE COMMISSION, OR TO TERMINATE THE WORK OF THE COMMISSION AT22
	175	+	ANY TIME.23
	176	+	(b) THE LEGISLATIVE COUNCIL STAFF AND THE OFFICE OF24
	177	+	LEGISLATIVE LEGAL SERVICES SHALL BE AVAILABLE TO ASSIST THE25
	178	+	COMMISSION IN CARRYING OUT ITS DUTIES.26
	179	+	(5) (a) THE PURPOSE OF THE COMMISSION IS TO IDENTIFY AND27
234	180		1003
235		-	-6- ~~REQUIRED IN SUBSECTION (6)(~~a~~) OF THIS SECTION. THE COMMISSION SHALL1~~
236		-	~~SELECT A NEUTRAL FACILITATOR WHO IS NOT AFFILIATED WITH A2~~
237		-	~~STATEWIDE ORGANIZATION DESCRIBED IN SUBSECTION~~ (2) ~~OF THIS3~~
238		-	~~SECTION.4~~
239		-	~~(4) (a) THE COMMISSION SHALL MEET AT LEAST TWICE A MONTH5~~
240		-	~~BEGINNING THE WEEK OF DECEMBER 5~~, ~~2023, THROUGH THE WEEK OF6~~
241		-	~~MARCH 15, 2024, EXCLUDING~~ THE ~~WEEK OF DECEMBER 27, 2023~~. ~~THE7~~
242		-	~~COMMISSION MAY MEET MORE OFTEN AT THE DISCRETION OF THE CHAIR .8~~
243		-	~~A MAJORITY OF~~ THE ~~MEMBERS OF THE COMMISSION MAY VOTE TO EXTEND9~~
244		-	~~THE WORK OF THE COMMISSION PAST MARCH 15 , 2024, OR TO10~~
245		-	~~TERMINATE THE WORK OF THE COMMISSION AT ANY TIME,~~ AND ~~THE WORK11~~
246		-	OF THE ~~COMMISSION MAY ALSO BE EXTENDED AS REQUIRED BY12~~
247		-	~~SUBSECTION~~ (~~6)(a~~) ~~OF THIS SECTION.13~~
248		-	~~(b) THE LEGISLATIVE COUNCIL STAFF AND THE OFFICE OF14~~
249		-	~~LEGISLATIVE LEGAL SERVICES SHALL BE AVAILABLE~~ TO ~~ASSIST THE15~~
250		-	~~COMMISSION IN CARRYING OUT ITS DUTIES.~~16
251		-	(5) ~~(a) THE PURPOSE OF THE COMMISSION IS~~ TO ~~IDENTIFY ,17~~
252		-	~~CONSIDER, AND EVALUATE LEGISLATIVE OPTIONS FOR A PERMANENT18~~
253		-	~~AND SUSTAINABLE PROPERTY TAX STRUCTURE FOR THE STATE .~~19
254		-	(b) ~~THE COMMISSION SHALL IDENTIFY~~, ~~CONSIDER, AND EVALUATE20~~
255		-	~~OPTIONS FOR A PROPERTY TAX STRUCTURE THAT PROTECTS PROPERTY21~~
256		-	~~OWNERS FROM RISING TAX BILLS AND IS SUSTAINABLE FOR LOCAL22~~
257		-	~~GOVERNMENTS~~ AND ~~PUBLIC SCHOOLS , WHICH MAY INCLUDE23~~
258		-	~~CONSIDERATION~~ OF ~~PROPERTY~~ TAX ~~PROPOSALS THAT HAVE BEEN24~~
259		-	~~SUBMITTED~~ TO THE ~~STATE TITLE BOARD .25~~
260		-	~~(c) FOR EACH PROPERTY TAX STRUCTURE OPTION,~~ ~~THE26~~
261		-	~~COMMISSION SHALL CONSIDER THE FOLLOWING FACTORS :27~~
	181	+	-6- CONSIDER LEGISLATIVE OPTIONS FOR A PERMANENT AND SUSTAINABLE1
	182	+	PROPERTY TAX STRUCTURE FOR THE STATE .2
	183	+	(b) THE COMMISSION SHALL IDENTIFY AND CONSIDER OPTIONS FOR3
	184	+	A PROPERTY TAX STRUCTURE THAT PROTECTS PROPERTY OWNERS FROM4
	185	+	RISING TAX BILLS AND IS SUSTAINABLE FOR LOCAL GOVERNMENTS AND5
	186	+	PUBLIC SCHOOLS, INCLUDING PROPERTY TAX PROPOSALS THAT HAVE BEEN6
	187	+	SUBMITTED TO THE STATE TITLE BOARD .7
	188	+	(c) FOR EACH PROPERTY TAX STRUCTURE OPTION, THE8
	189	+	COMMISSION SHALL CONSIDER THE FOLLOWING FACTORS :9
	190	+	(I) LOCAL CONTROL;10
	191	+	(II) IMPACT TO PROPERTY OWNERS AND LOCAL TAXING11
	192	+	JURISDICTIONS IN DIFFERENT AREAS OF THE STATE;12
	193	+	(III) IMPACT TO RESIDENTIAL AND NONRESIDENTIAL REAL13
	194	+	PROPERTY;14
	195	+	(IV) IMPACT TO SCHOOL FINANCE AND THE BUDGET STABILIZATION15
	196	+	FACTOR;16
	197	+	(V) LONG-TERM IMPACT TO PROPERTY OWNERS AND LOCAL17
	198	+	TAXING JURISDICTIONS UNDER DIFFERENT PROPERTY VALUE GROWTH18
	199	+	SCENARIOS;19
	200	+	(VI) IMPACTS TO HOUSING AFFORDABILITY , INCLUDING FOR20
	201	+	RESIDENTIAL TENANTS;21
	202	+	(VII) IMPACTS TO RESIDENTIAL TENANTS, INCENTIVES FOR22
	203	+	DEVELOPMENT, AND THE POTENTIAL FOR LOWER PROPERTY TAXES FOR23
	204	+	RESIDENCES AS A RESULT OF CHANGING TO A LAND VALUE TAX SYSTEM ;24
	205	+	(VIII) IMPACTS TO THE ABILITY OF COUNTIES TO PROVIDE25
	206	+	STATUTORILY MANDATED AND VOTER -APPROVED SERVICES TO COLORADO26
	207	+	RESIDENTS; AND27
262	208		1003
263		-	-7- (I) ~~LOCAL CONTROL;1~~
264		-	~~(II) IMPACT TO PROPERTY OWNERS AND LOCAL TAXING2~~
265		-	~~JURISDICTIONS~~ IN ~~DIFFERENT AREAS OF THE STATE;~~3
266		-	(~~III~~) ~~IMPACT TO RESIDENTIAL AND NONRESIDENTIAL REAL4~~
267		-	~~PROPERTY;~~5
268		-	~~(IV) IMPACT TO SCHOOL FINANCE~~ AND ~~THE BUDGET STABILIZATION6~~
269		-	~~FACTOR;7~~
270		-	(V) ~~LONG-TERM IMPACT TO PROPERTY OWNERS AND LOCAL8~~
271		-	~~TAXING JURISDICTIONS UNDER DIFFERENT PROPERTY VALUE GROWTH9~~
272		-	~~SCENARIOS;10~~
273		-	~~(VI) IMPACTS TO HOUSING AFFORDABILITY , INCLUDING FOR11~~
274		-	~~RESIDENTIAL TENANTS;12~~
275		-	~~(VII) IMPACTS TO RESIDENTIAL TENANTS~~, ~~INCENTIVES FOR13~~
276		-	~~DEVELOPMENT~~, ~~AND~~ THE ~~POTENTIAL FOR LOWER PROPERTY TAXES FOR14~~
277		-	~~RESIDENCES AS~~ A ~~RESULT OF CHANGING~~ TO ~~A LAND VALUE TAX SYSTEM ;15~~
278		-	(~~VIII~~) ~~IMPACTS TO THE ABILITY OF COUNTIES TO PROVIDE16~~
279		-	~~STATUTORILY MANDATED AND VOTER -APPROVED SERVICES TO COLORADO17~~
280		-	~~RESIDENTS; AND18~~
281		-	(IX) ~~DISPROPORTIONATE IMPACTS OF THE RISING TAX BILLS ON19~~
282		-	~~PEOPLE WITH LOWER INCOMES~~, ~~ESPECIALLY PEOPLE WITH FIXED INCOMES~~,20
283		-	~~IN PROVIDING FAIR AND EQUITABLE PROPERTY TAX RELIEF .21~~
284		-	~~(6) (a) NO LATER THAN MARCH 15~~ , ~~2024, THE COMMISSION SHALL22~~
285		-	~~MAKE A REPORT TO THE GENERAL ASSEMBLY~~ AND ~~THE GOVERNOR ,~~23
286		-	~~INCLUDING RECOMMENDATIONS FOR BOTH SHORT-TERM~~ ~~AND LONG-TERM24~~
287		-	~~LEGISLATIVE CHANGES THAT WILL FURTHER~~ THE ~~PURPOSE OF THE25~~
288		-	~~COMMISSION SET FORTH IN SUBSECTION (5)(a) OF THIS SECTION~~. ~~IF A26~~
289		-	~~PROPOSED INITIATIVE CONCERNING PROPERTY TAX FOR~~ THE ~~2024 GENERAL27~~
	209	+	-7- (IX) DISPROPORTIONATE IMPACTS OF THE RISING TAX BILLS ON1
	210	+	PEOPLE WITH LOWER INCOMES, ESPECIALLY PEOPLE WITH FIXED INCOMES,2
	211	+	IN PROVIDING FAIR AND EQUITABLE PROPERTY TAX RELIEF .3
	212	+	(6) (a) NO LATER THAN MARCH 1, 2024, THE COMMISSION SHALL4
	213	+	MAKE A REPORT TO THE GENERAL ASSEMBLY AND THE GOVERNOR ,5
	214	+	INCLUDING RECOMMENDATIONS FOR BOTH SHORT-TERM AND LONG-TERM6
	215	+	LEGISLATIVE CHANGES THAT WILL FURTHER THE PURPOSE OF THE7
	216	+	COMMISSION SET FORTH IN SUBSECTION (5)(a) OF THIS SECTION.8
	217	+	(b) THE COMMISSION REPORT MUST CONTAIN ONLY9
	218	+	RECOMMENDATIONS SUPPORTED BY ELEVEN OR MORE MEMBERS OF THE10
	219	+	COMMISSION.11
	220	+	(c) IF A MAJORITY OF COMMISSION MEMBERS VOTE TO EXTEND THE12
	221	+	WORK OF THE COMMISSION PAST MARCH 1, 2024, IN ACCORDANCE WITH13
	222	+	SUBSECTION (4)(a) OF THIS SECTION, THEN THE COMMISSION SHALL MAKE14
	223	+	A REPORT TO THE GENERAL ASSEMBLY AND THE GOVERNOR IN15
	224	+	ACCORDANCE WITH THIS SUBSECTION (6) NO LATER THAN DECEMBER 31,16
	225	+	2024.17
	226	+	(7) THE EXECUTIVE COMMITTEE OF THE LEGISLATIVE COUNCIL,18
	227	+	CREATED IN SECTION 2-3-301 (1), MAY ALLOCATE FUNDING FROM THE19
	228	+	LEGISLATIVE DEPARTMENT CASH FUND , CREATED IN SECTION 2-2-1601,20
	229	+	FOR THE PURPOSES OF THE COMMISSION INCLUDING FOR HIRING21
	230	+	PROFESSIONAL FACILITATION SERVICES , PUBLIC OUTREACH AND22
	231	+	ENGAGEMENT, AND OTHER NECESSARY SERVICES .23
	232	+	(8) THIS SECTION IS REPEALED, EFFECTIVE DECEMBER 31, 2024.24
	233	+	SECTION 3. Appropriation. (1) For the 2023-24 state fiscal25
	234	+	year, $80,271 is appropriated to the legislative department. This26
	235	+	appropriation is from the general fund. To implement this act, the27
290	236		1003
291		-	-8- ELECTION IS TIMELY SUBMITTED TO THE DIRECTORS OF THE LEGISLATIVE1
292		-	COUNCIL AND THE OFFICE OF LEGISLATIVE LEGAL SERVICES FOR REVIEW2
293		-	AND COMMENT PURSUANT TO SECTION 1-40-105 (1) AFTER THE3
294		-	COMMISSION HAS SUBMITTED THE REPORT , THE COMMISSION SHALL4
295		-	RECONVENE, CONSIDER THE EFFECT OF THE PROPOSED INITIATIVE IF IT5
296		-	WERE TO BE APPROVED BY THE VOTERS OF THE STATE AND BECOME LAW6
297		-	AND, IF DEEMED APPROPRIATE BY THE COMMISSION , SUPPLEMENT THE7
298		-	REPORT WITH ADDITIONAL INFORMATION ABOUT THE PROPOSED8
299		-	INITIATIVE.9
300		-	(b) THE COMMISSION REPORT MUST CONTAIN ONLY10
301		-	RECOMMENDATIONS SUPPORTED BY TEN OR MORE MEMBERS OF THE11
302		-	COMMISSION.12
303		-	(c) IF A MAJORITY OF COMMISSION MEMBERS VOTE TO EXTEND THE13
304		-	WORK OF THE COMMISSION PAST MARCH 15, 2024, IN ACCORDANCE WITH14
305		-	SUBSECTION (4)(a) OF THIS SECTION, THEN THE COMMISSION SHALL MAKE15
306		-	A REPORT TO THE GENERAL ASSEMBLY AND THE GOVERNOR IN16
307		-	ACCORDANCE WITH THIS SUBSECTION (6) NO LATER THAN DECEMBER 31,17
308		-	2024.18
309		-	(7) THE EXECUTIVE COMMITTEE OF THE LEGISLATIVE COUNCIL ,19
310		-	CREATED IN SECTION 2-3-301 (1), MAY ALLOCATE FUNDING FROM THE20
311		-	LEGISLATIVE DEPARTMENT CASH FUND, CREATED IN SECTION 2-2-1601,21
312		-	FOR THE PURPOSES OF THE COMMISSION INCLUDING FOR HIRING22
313		-	PROFESSIONAL FACILITATION SERVICES , PUBLIC OUTREACH AND23
314		-	ENGAGEMENT, AND OTHER NECESSARY SERVICES .24
315		-	(8) THIS SECTION IS REPEALED, EFFECTIVE DECEMBER 31, 2024.25
316		-	SECTION 3. Appropriation. (1) For the 2023-24 state fiscal26
317		-	year, $80,271 is appropriated to the legislative department. This27
	237	+	-8- department may use this appropriation as follows:1
	238	+	(a) $8,492 for use by the general assembly;2
	239	+	(b) $63,185 for use by the legislative council, which amount is3
	240	+	based on an assumption that the legislative council will require an4
	241	+	additional 0.8 FTE; and5
	242	+	(c) $8,594 for use by the office of legislative legal services, which6
	243	+	amount is based on an assumption that the office will require an7
	244	+	additional 0.1 FTE.8
	245	+	SECTION 4. Safety clause. The general assembly finds,9
	246	+	determines, and declares that this act is necessary for the immediate10
	247	+	preservation of the public peace, health, or safety or for appropriations for11
	248	+	the support and maintenance of the departments of the state and state12
	249	+	institutions.13
318	250		1003
319		-	-9- appropriation is from the general fund. To implement this act, the1
320		-	department may use this appropriation as follows:2
321		-	(a) $8,492 for use by the general assembly;3
322		-	(b) $63,185 for use by the legislative council, which amount is4
323		-	based on an assumption that the legislative council will require an5
324		-	additional 0.8 FTE; and6
325		-	(c) $8,594 for use by the office of legislative legal services, which7
326		-	amount is based on an assumption that the office will require an8
327		-	additional 0.1 FTE.9
328		-	SECTION 4. Safety clause. The general assembly finds,10
329		-	determines, and declares that this act is necessary for the immediate11
330		-	preservation of the public peace, health, or safety or for appropriations for12
331		-	the support and maintenance of the departments of the state and state13
332		-	institutions.14
333		-	1003
334		-	-10-
	251	+	-9-