Colorado 2023 1st Special Session

Colorado House Bill HB1005 Compare Versions

Only one version of the bill is available at this time.

Old	New	Differences
1	1	First Extraordinary Session
2	2	Seventy-fourth General Assembly
3	3	STATE OF COLORADO
4	4	INTRODUCED
5	5
6	6
7	7	LLS NO. 23B-0023.01 Megan McCall x4215
8	8	HOUSE BILL 23B-1005
9	9	House Committees Senate Committees
10	10	Transportation, Housing & Local Government
11	11	A BILL FOR AN ACT
12	12	C
13	13	ONCERNING TAX RELIEF , AND, IN CONNECTION THEREWITH ,101
14	14	PROVIDING TEMPORARY PROPERTY TAX REDUCTIONS FOR THE102
15	15	2023
16	16	PROPERTY TAX YEAR , PROVIDING TEMPORARY INCOME103
17	17	TAX REDUCTIONS FOR THE 2023 INCOME TAX YEAR , AND104
18	18	ESTABLISHING A TEMPORARY TASK FORCE TO MAKE105
19	19	RECOMMENDATIONS CONCERNING PROPERTY TAXATION .106
20	20	Bill Summary
21	21	(Note: This summary applies to this bill as introduced and does
22	22	not reflect any amendments that may be subsequently adopted. If this bill
23	23	passes third reading in the house of introduction, a bill summary that
24	24	applies to the reengrossed version of this bill will be available at
25	25	http://leg.colorado.gov
26	26	.)
27	27	Section 2 of the bill, for property tax year 2023, reduces the
28	28	HOUSE SPONSORSHIP
29	29	Lynch, Armagost, Bockenfeld, Bradfield, Evans, Frizell, Hartsook, Pugliese, Soper,
30	30	Taggart, Weinberg, Wilson, Winter T.
31	31	SENATE SPONSORSHIP
32	32	Pelton B., Gardner, Kirkmeyer, Liston, Lundeen, Pelton R., Rich, Simpson, Smallwood,
33	33	Van Winkle, Will
34	34	Shading denotes HOUSE amendment. Double underlining denotes SENATE amendment.
35	35	Capital letters or bold & italic numbers indicate new material to be added to existing law.
36	36	Dashes through the words or numbers indicate deletions from existing law. valuation for assessment to 25% for lodging property and non-residential
37	37	property that is not lodging, agricultural, or renewable energy production
38	38	property, producing mines, or lands or leaseholds producing oil and gas.
39	39	Additionally, the valuation of assessment for lodging property and
40	40	improved commercial property is 25% of an amount equal to the actual
41	41	value minus the lesser of $60,000 or the amount that reduces the
42	42	valuation for assessment to $1,000.
43	43	Sections 3 and 4, for property tax year 2023, reduce the valuation
44	44	for assessment for multi-family residential real property and residential
45	45	real property that is not multi-family to 6.5% of the amount equal to the
46	46	actual value of such property minus the lesser of $80,000 or the amount
47	47	that causes the valuation for assessment of the property to be $1,000.
48	48	Section 5 makes a conforming amendment.
49	49	Sections 6 and 7 modify the backfill mechanism established by
50	50	Senate Bill 22-238 to offset reductions in local governmental entities'
51	51	property tax revenue in order to require the backfill to be paid with
52	52	unrestricted money in the general fund, including money that would
53	53	otherwise have been required to be retained as a reserve to the
54	54	unrestricted general fund year-end balance for the state fiscal year
55	55	2022-23. Additionally, the process established by Senate Bill 22-238
56	56	requires that the state treasurer issue a warrant to county treasurers for
57	57	disbursement to local governmental entities no later than April 15, 2024.
58	58	Section 6 also allows the warrant to be expedited if a county treasurer
59	59	completes the reporting requirements regarding property tax revenue lost
60	60	to local governmental entities on or before February 15, 2024.
61	61	Section 8 creates the property tax task force (task force). The task
62	62	force consists of both members of the general assembly and individuals
63	63	who are not members of the general assembly. The purpose of the task
64	64	force is to develop a permanent and sustainable tax structure for the state
65	65	of Colorado. The task force is required to:
66	66	! Convene by December 1, 2023;
67	67	! Meet as many times as necessary in 2023; and
68	68	! Submit a report by December 31, 2023 to the finance
69	69	committees of the house of representatives and the senate.
70	70	After the task force makes its report the task force is disbanded.
71	71	Sections 9, 10, and 11, for the income tax year commencing on
72	72	January 1, 2023, reduce both the individual and the corporate state
73	73	income tax rates from 4.40% to 4% and exempt the rate reductions from
74	74	the existing statutory requirements that tax expenditure legislation include
75	75	a tax preference performance statement in a statutory legislative
76	76	declaration.
77	77	Sections 12, 15, 16, 17, 18, and 19 delay several property tax
78	78	deadlines for the 2023 property tax year.
79	79	Sections 13 and 14 modify provisions in the "Local Government
80	80	Budget Law of Colorado" for the 2024 fiscal year to account for impacts
81	81	HB23B-1005
82	82	-2- on a local government's budget due to changes to the assessed valuation
83	83	of property within the local government's boundaries pursuant to the bill.
84	84	Section 22 waives the accrual of interest on delinquent property
85	85	tax payments for the first payment of property taxes for the 2023 property
86	86	tax year if a payment is made within 10 days after the mailing by the
87	87	county treasurer of the property taxpayer's tax statement or notification of
88	88	an electronic statement.
89	89	Be it enacted by the General Assembly of the State of Colorado:1
90	90	SECTION 1. Short title. The short title of this act is the "Honest2
91	91	Tax Relief for Colorado Taxpayers Act".3
92	92	SECTION 2. In Colorado Revised Statutes, 39-1-104, amend4
93	93	(1)(b) and (1.8)(b) as follows:5
94	94	39-1-104. Valuation for assessment - definitions.6
95	95	(1) (b) Notwithstanding subsection (1)(a) of this section, for the property7
96	96	tax year commencing on January 1, 2023, the valuation for assessment of8
97	97	nonresidential property that is classified as lodging property is9
98	98	temporarily reduced to twenty-seven and nine-tenths
99	99	TWENTY-FIVE10
100	100	percent of an amount equal to the actual value minus the lesser of thirty11
101	101	SIXTY thousand dollars or the amount that reduces the valuation for12
102	102	assessment to one thousand dollars.13
103	103	(1.8) (b) The valuation for assessment of all nonresidential14
104	104	property that is not specified in subsection (1) or (1.8)(a) of this section15
105	105	is twenty-nine percent of the actual value thereof; except that, for the16
106	106	property tax year commencing on January 1, 2023, the valuation for17
107	107	assessment of this property is temporarily reduced to:18
108	108	(I) For all of the property listed by the assessor under any19
109	109	improved commercial subclass codes, twenty-seven and nine-tenths20
110	110	TWENTY-FIVE percent of an amount equal to the actual value minus the21
111	111	lesser of thirty SIXTY thousand dollars or the amount that reduces the22
112	112	HB23B-1005-3- valuation for assessment to one thousand dollars; and1
113	113	(II) Twenty-seven and nine-tenths TWENTY-FIVE percent of the2
114	114	actual value of all other nonresidential property that is not specified in3
115	115	subsections (1), (1.8)(a), and (1.8)(b)(I) of this section.4
116	116	SECTION 3. In Colorado Revised Statutes, 39-1-104.2, amend5
117	117	(3)(q) introductory portion, (3)(q)(II), (3)(r) introductory portion, and6
118	118	(3)(r)(II) as follows:7
119	119	39-1-104.2. Residential real property - valuation for8
120	120	assessment - legislative declaration - definitions. (3) (q) The ratio of9
121	121	valuation for assessment for multi-family residential real property is 7.1510
122	122	percent of
123	123	THE actual value OF THE PROPERTY for property tax years11
124	124	commencing on or after January 1, 2019; except that
125	125	THE VALUATION FOR12
126	126	ASSESSMENT OF THIS PROPERTY IS TEMPORARILY REDUCED AS FOLLOWS :13
127	127	(II) For the property tax year commencing on January 1, 2023, the14
128	128	ratio of
129	129	valuation for assessment for multi-family residential real property15
130	130	is temporarily reduced to 6.765 percent 6.5 PERCENT of actual value.16
131	131	(r) The ratio of valuation for assessment for all residential real17
132	132	property other than multi-family residential real property is 7.15 percent18
133	133	of
134	134	THE actual value OF THE PROPERTY; except that THE VALUATION FOR19
135	135	ASSESSMENT OF THIS PROPERTY IS TEMPORARILY REDUCED AS FOLLOWS : 20
136	136	(II) For the property tax year commencing on January 1, 2023, the21
137	137	ratio of
138	138	valuation for assessment for all residential real property other22
139	139	than multi-family residential real property is 6.765 percent 6.5 PERCENT23
140	140	of actual value; and24
141	141	SECTION 4. In Colorado Revised Statutes, 39-1-104.3, amend25
142	142	(2) as follows:26
143	143	39-1-104.3. Partial real property tax reductions - residential27
144	144	HB23B-1005
145	145	-4- property - definitions - repeal. (2) For the property tax year1
146	146	commencing on January 1, 2023, the valuation for assessment for2
147	147	residential real property is six and seven hundred sixty-five thousandths3
148	148	SIX AND ONE-HALF percent, as set forth in section 39-1-104.2 (3)(q)(II)4
149	149	and (3)(r)(II), of the amount equal to the actual value, determined5
150	150	pursuant to section 39-1-103, minus the lesser of fifteen EIGHTY thousand6
151	151	dollars or the amount that reduces the valuation for assessment to one7
152	152	thousand dollars.8
153	153	SECTION 5. In Colorado Revised Statutes, 39-1-104.4, amend9
154	154	(1) introductory portion and (1)(a) as follows:10
155	155	39-1-104.4. Adjustment of residential rate. (1) The ratio of11
156	156	valuation for assessment for residential real property other than12
157	157	multi-family residential real property for the property tax year13
158	158	commencing on January 1, 2024, is equal to the percentage necessary for14
159	159	the following to equal a total of seven hundred million dollars:15
160	160	(a) The aggregate reduction of local government property tax16
161	161	revenue during the property tax year commencing on January 1, 2023, as17
162	162	a result of the changes made in Senate Bill 22-238,
163	163	AS enacted in 2022,18
164	164	EXCLUSIVE OF ANY CHANGES MADE IN THIS HOUSE BILL 23B-____,19
165	165	ENACTED IN 2023, that reduced valuations for assessment set forth20
166	166	pursuant to sections 39-1-104 (1)(b) and (1.8)(b), 39-1-104.2 (3)(q)(II)21
167	167	and (3)(r)(II), and 39-3-104.3 (2); and22
168	168	SECTION 6. In Colorado Revised Statutes, 39-3-210, amend23
169	169	(2)(a), (2)(b)(I)(A), (2)(b)(II), (4)(a) introductory portion, and (5); repeal24
170	170	(1)(a) and (4)(d); and add (1)(d.5), (2)(c), (2)(d), (4)(e), (4)(f), and (4.5)25
171	171	as follows:26
172	172	39-3-210. Reporting of property tax revenue reductions -27
173	173	HB23B-1005
174	174	-5- reimbursement of local governmental entities - definitions - local1
175	175	government backfill cash fund - creation - repeal. (1) As used in this2
176	176	section, unless the context otherwise requires:3
177	177	(a) "Additional state revenues" means the lesser of two hundred4
178	178	forty million dollars or the total amount of the state revenues in excess of5
179	179	the limitation on state fiscal year spending imposed by section 20 (7)(a)6
180	180	of article X of the state constitution that the state is required to refund7
181	181	under section 20 (7)(d) of article X of the state constitution, including any8
182	182	amount specified in section 24-77-103.8, that exceeds the amounts9
183	183	projected to be refunded as required by sections 39-3-209 and 39-22-62710
184	184	for the state fiscal year commencing on July 1, 2022.11
185	185	(d.5) "L
186	186	OCAL GOVERNMENTAL ENTITY " MEANS A GOVERNMENTAL12
187	187	ENTITY AUTHORIZED BY LAW TO IMPOSE AD VALOREM TAXES ON TAXABLE13
188	188	PROPERTY LOCATED WITHIN ITS TERRITORIAL LIMITS ; EXCEPT THAT THE14
189	189	TERM EXCLUDES SCHOOL DISTRICTS .15
190	190	(2) (a) For the property tax year commencing on January 1, 2023,16
191	191	for counties with a population of three hundred thousand or less as17
192	192	determined pursuant to the most recently published population estimates18
193	193	from the state demographer appointed by the executive director of the19
194	194	department of local affairs:20
195	195	(I) Each treasurer shall calculate the total property tax revenues21
196	196	lost by each local governmental entity, excluding school districts, within22
197	197	the treasurer's county as a result of the changes made in Senate Bill23
198	198	22-238, enacted in 2022,
199	199	AND THIS HOUSE BILL 23B-____, ENACTED IN24
200	200	2023, that reduced valuations for assessment; set forth pursuant to
201	201	25
202	202	sections 39-1-104 (1)(b) and (1.8)(b), 39-1-104.2 (3)(q)(II) and (3)(r)(II),26
203	203	and 39-3-104.3 (2) and27
204	204	HB23B-1005
205	205	-6- (II) Each assessor shall calculate the difference in assessed value1
206	206	of real property for
207	207	EACH LOCAL GOVERNMENTAL ENTITY FOR the property2
208	208	tax year commencing on January 1, 2022, and the property tax year3
209	209	commencing on January 1, 2023, within the assessor's county.4
210	210	(b) For the property tax year commencing on January 1, 2023, for5
211	211	counties with a population greater than three hundred thousand as6
212	212	determined pursuant to the most recently published population estimates7
213	213	from the state demographer appointed by the executive director of the8
214	214	department of local affairs:9
215	215	(I) (A) Each treasurer shall calculate, for each municipality, fire10
216	216	district, health service district, water district, sanitation district, and11
217	217	library district, the aggregate reduction of local government property tax12
218	218	revenue during the property tax year commencing on January 1, 2023, as13
219	219	a result of the changes made in Senate Bill 22-238, enacted in 2022,
220	220	AND14
221	221	THIS HOUSE BILL 23B-___, ENACTED IN 2023, that reduced valuations for15
222	222	assessment; set forth pursuant to sections 39-1-104 (1)(b) and (1.8)(b),
223	223	16
224	224	39-1-104.2 (3)(q)(II) and (3)(r)(II), and 39-3-104.3 (2);17
225	225	(II) Each treasurer shall calculate, for all local governmental18
226	226	entities besides municipalities, fire districts, health service districts, water19
227	227	districts, sanitation districts, school districts, and library districts, the20
228	228	aggregate reduction of local government property tax revenue during the21
229	229	property tax year commencing on January 1, 2023, as a result of the22
230	230	changes made in Senate Bill 22-238, enacted in 2022,
231	231	AND THIS HOUSE23
232	232	B
233	233	ILL 23B-___, ENACTED IN 2023, that reduced valuations for assessment.24
234	234	set forth pursuant to sections 39-1-104 (1)(b) and (1.8)(b), 39-1-104.2
235	235	25
236	236	(3)(q)(II) and (3)(r)(II), and 39-3-104.3 (2).26
237	237	(c) W
238	238	HEN CALCULATING THE TOTAL PROPERTY TAX REVENUE27
239	239	HB23B-1005
240	240	-7- REDUCTION FOR A LOCAL GOVERNMENTAL ENTITY FOR THE PROPERTY TAX1
241	241	YEAR COMMENCING ON JANUARY 1, 2023, AS REQUIRED BY THIS2
242	242	SUBSECTION (2), A TREASURER SHALL USE THE LOCAL GOVERNMENTAL3
243	243	ENTITY'S MILL LEVY FOR THE PROPERTY TAX YEAR COMMENCING ON4
244	244	J
245	245	ANUARY 1, 2022, EXCLUDING ANY MILLS LEVIED TO PROVIDE FOR THE5
246	246	PAYMENT OF BONDS AND INTEREST THEREON OR FOR THE PAYMENT OF6
247	247	ANY OTHER CONTRACTUAL OBLIGATION THAT HAS BEEN APPROVED BY A7
248	248	MAJORITY OF THE LOCAL GOVERNMENTAL ENTITY 'S VOTERS VOTING8
249	249	THEREON. 9
250	250	(d) F
251	251	OR PURPOSES OF THIS SECTION, A LOCAL GOVERNMENTAL10
252	252	ENTITY WITHIN A COUNTY INCLUDES THE COUNTY ITSELF .11
253	253	(4) (a) No later than April 15, 2024, the state treasurer shall issue12
254	254	a warrant, to be paid upon demand from additional state revenues for the
255	255	13
256	256	state fiscal year commencing on July 1, 2022, and, if necessary, from14
257	257	other UNRESTRICTED money in the general fund, to each treasurer that is15
258	258	equal to the total of: 16
259	259	(d) The use of additional state revenues pursuant to subsection17
260	260	(4)(a) of this section is a reasonable method of refunding a portion of the18
261	261	excess state revenues required to be refunded in accordance with section19
262	262	20 (7)(d) of article X of the state constitution.20
263	263	(e) I
264	264	F A LOCAL GOVERNMENTAL ENTITY IS LOCATED IN MORE THAN21
265	265	ONE COUNTY, THEN THE PART LOCATED IN EACH COUNTY IS TREATED LIKE22
266	266	ANY OTHER LOCAL GOVERNMENTAL ENTITY LOCATED WITHIN THE C OUNTY23
267	267	FOR THE PURPOSE OF DETERMINING THE REIMBURSEMENT AMOUNT UNDER24
268	268	SUBSECTION (4)(a) OF THIS SECTION.25
269	269	(f) T
270	270	HE STATE TREASURER SHALL REDUCE A LOCAL26
271	271	GOVERNMENTAL ENTITY 'S REIMBURSEMENT AS NECESSARY TO PREVENT27
272	272	HB23B-1005
273	273	-8- THE LOCAL GOVERNMENTAL ENTITY FROM EXCEEDING ITS FISCAL YEAR1
274	274	SPENDING LIMIT UNDER SECTION 20 (7)(b) OF ARTICLE X OF THE STATE2
275	275	CONSTITUTION FOR THE FISCAL YEAR.3
276	276	(4.5) N
277	277	OTWITHSTANDING THE TIMING SET FORTH IN SUBSECTIONS4
278	278	(3)
279	279	AND (4)(a) OF THIS SECTION, IF A COUNTY TREASURER REPORTS THE5
280	280	AMOUNTS SPECIFIED IN SUBSECTION (2) OF THIS SECTION IN ACCORDANCE6
281	281	WITH SUBSECTION (3) OF THIS SECTION ON OR BEFORE FEBRUARY 15, 2024,7
282	282	THE STATE TREASURER SHALL ISSUE A WARRANT IN ACCORDANCE WITH8
283	283	SUBSECTION (4)(a) OF THIS SECTION NO LATER THAN FEBRUARY 29, 2024,9
284	284	AND THE COUNTY TREASURERS SHALL DISTRIBUTE THE TOTAL AMOUNT10
285	285	RECEIVED FROM THE STATE TREASURER TO THE LOCAL GOVERNMENTAL11
286	286	ENTITIES IN ACCORDANCE WITH SUBSECTIONS (4)(b) AND (4)(c) OF THIS12
287	287	SECTION ON OR BEFORE MARCH 10, 2024. 13
288	288	(5) On or before March 21, 2024, based on the information14
289	289	available as of that date, the property tax administrator shall submit a15
290	290	report to the general assembly describing the aggregate reduction of local16
291	291	government property tax revenue during the property tax year17
292	292	commencing on January 1, 2023, as a result of the changes made in18
293	293	Senate Bill 22-238, enacted in 2022,
294	294	AND THIS HOUSE BILL 23B-___,19
295	295	ENACTED IN 2023, that reduced valuations for assessment. set forth
296	296	20
297	297	pursuant to sections 39-1-104 (1)(b) and (1.8)(b), 39-1-104.2 (3)(q)(II)21
298	298	and (3)(r)(II), and 39-3-104.3 (2).22
299	299	SECTION 7. In Colorado Revised Statutes, 24-75-201.1, amend23
300	300	(1)(d)(XXII) and (1)(d)(XXIII); and add (1)(d)(XXIV) as follows:24
301	301	24-75-201.1. Restriction on state appropriations - legislative25
302	302	declaration - definitions. (1) (d) For each fiscal year, unrestricted26
303	303	general fund year-end balances must be retained as a reserve in the27
304	304	HB23B-1005
305	305	-9- following amounts:1
306	306	(XXII) For the fiscal year 2021-22, thirteen and four-tenths2
307	307	percent of the amount appropriated for expenditure from the general fund3
308	308	for that fiscal year; and4
309	309	(XXIII) For the fiscal year 2022-23, and each fiscal year5
310	310	thereafter, fifteen TEN AND FOUR-TENTHS percent of the amount6
311	311	appropriated for expenditure from the general fund for that fiscal year;7
312	312	AND8
313	313	(XXIV) F
314	314	OR THE FISCAL YEAR 2023-24 AND EACH FISCAL YEAR9
315	315	THEREAFTER, FIFTEEN PERCENT OF THE AMOUNT APPROPRIATED FOR10
316	316	EXPENDITURE FROM THE GENERAL FUND FOR THAT FISCAL YEAR .11
317	317	SECTION 8. In Colorado Revised Statutes, add 39-1-125 as12
318	318	follows:13
319	319	39-1-125. Property tax task force - creation - powers and14
320	320	duties - report - repeal. (1) N
321	321	OTWITHSTANDING SECTION 2-3-303.3,15
322	322	THERE IS CREATED IN THE LEGISLATIVE BRANCH THE PROPERTY TAX TASK16
323	323	FORCE, REFERRED TO IN THIS SECTION AS THE "TASK FORCE". THE TASK17
324	324	FORCE SHALL MEET IN 2023 ONLY TO DEVELOP A PERMANENT AND18
325	325	SUSTAINABLE PROPERTY TAX STRUCTURE FOR THE STATE OF COLORADO.19
326	326	(2) T
327	327	HE TASK FORCE CONSISTS OF THE FOLLOWING TWENTY -TWO20
328	328	MEMBERS:21
329	329	(a) S
330	330	EVENTEEN VOTING MEMBERS CONSISTING OF :22
331	331	(I) T
332	332	HREE MEMBERS FROM THE HOUSE OF REPRESENTATIVES WITH23
333	333	EXPERIENCE IN LOCAL GOVERNMENT , TWO OF WHOM MUST BE APPOINTED24
334	334	BY THE SPEAKER OF THE HOUSE OF REPRESENTATIVES AND ONE OF WHOM25
335	335	MUST BE APPOINTED BY THE MINORITY LEADER OF THE HOUSE OF26
336	336	REPRESENTATIVES;27
337	337	HB23B-1005
338	338	-10- (II) THREE MEMBERS FROM THE SENATE WITH EXPERIENCE IN1
339	339	LOCAL GOVERNMENT , TWO OF WHOM MUST BE APPOINTED BY THE2
340	340	PRESIDENT OF THE SENATE AND ONE OF WHOM MUST BE APPOINTED BY THE3
341	341	MINORITY LEADER OF THE SENATE;4
342	342	(III) T
343	343	HE PROPERTY TAX ADMINISTRATOR IN THE DIVISION OF5
344	344	PROPERTY TAXATION OF THE DEPARTMENT OF LOCAL AFFAIRS ;6
345	345	(IV) O
346	346	NE INDIVIDUAL WITH EXPERIENCE IN LOCAL GOVERNMENT ,7
347	347	APPOINTED BY A STATEWIDE ORGANIZATION REPRESENTING8
348	348	MUNICIPALITIES AND LOCAL GOVERNMENTS ;9
349	349	(V) O
350	350	NE INDIVIDUAL WHO HAS SERVED AS A COUNTY ASSESSOR ,10
351	351	APPOINTED BY THE COLORADO ASSESSORS' ASSOCIATION;11
352	352	(VI) O
353	353	NE INDIVIDUAL WITH EXPERIENCE IN SPECIAL DISTRICTS ,12
354	354	APPOINTED BY THE SPECIAL DISTRICT ASSOCIATION OF COLORADO; 13
355	355	(VII) T
356	356	WO INDIVIDUALS WHO HAVE SERVED ON A LOCAL SCHOOL14
357	357	BOARD, APPOINTED BY THE COLORADO ASSOCIATION OF SCHOOL BOARDS;15
358	358	AND16
359	359	(VIII) T
360	360	HE FOLLOWING COUNTY COMMISSIONERS , APPOINTED BY17
361	361	A STATEWIDE ORGANIZATION REPRESENTING THE MAJORITY OF THE18
362	362	COUNTIES IN COLORADO AND REPRESENTING THE FOLLOWING REGIONS AS19
363	363	DEFINED IN SECTION 26-5-103.5 (2)(d):20
364	364	(A) O
365	365	NE COUNTY COMMISSIONER FROM THE EASTERN REGION OF21
366	366	C
367	367	OLORADO;22
368	368	(B) O
369	369	NE COUNTY COMMISSIONER FROM THE FRONT RANGE REGION23
370	370	OF COLORADO;24
371	371	(C) O
372	372	NE COUNTY COMMISSIONER FROM THE MOUNTAIN REGION OF25
373	373	C
374	374	OLORADO;26
375	375	(D) O
376	376	NE COUNTY COMMISSIONER FROM THE SOUTHERN REGION OF27
377	377	HB23B-1005
378	378	-11- COLORADO; AND1
379	379	(E) O
380	380	NE COUNTY COMMISSIONER FROM THE WESTERN REGION OF2
381	381	C
382	382	OLORADO;3
383	383	(b) F
384	384	IVE NONVOTING MEMBERS CONSISTING OF :4
385	385	(I) O
386	386	NE INDIVIDUAL APPOINTED BY COLORADO CONCERN;5
387	387	(II) O
388	388	NE INDIVIDUAL APPOINTED BY THE COLORADO APARTMENT6
389	389	A
390	390	SSOCIATION;7
391	391	(III) O
392	392	NE INDIVIDUAL APPOINTED BY THE COLORADO CHAMBER OF8
393	393	C
394	394	OMMERCE;9
395	395	(IV) O
396	396	NE INDIVIDUAL APPOINTED BY THE BUILDING OWNERS AND10
397	397	M
398	398	ANAGERS ASSOCIATION INTERNATIONAL; AND11
399	399	(V) O
400	400	NE INDIVIDUAL APPOINTED BY THE COMMERCIAL REAL12
401	401	E
402	402	STATE DEVELOPMENT ASSOCIATION.13
403	403	(3) (a) A
404	404	LL APPOINTMENTS DESCRIBED IN SUBSECTION (2) OF THIS14
405	405	SECTION MUST BE MADE NO LATER THAN NOVEMBER 27, 2023. MEMBERS15
406	406	OF THE TASK FORCE SERVE AT THE PLEASURE OF THE APPLICABLE16
407	407	APPOINTING AUTHORITY OR UNTIL THE MEMBER NO LONGER SERVES IN THE17
408	408	POSITION FOR WHICH THAT MEMBER WAS APPOINTED TO THE TASK FORCE ,18
409	409	AT WHICH TIME A VACANCY IS DEEMED TO EXIST ON THE TASK FORCE . IF19
410	410	A VACANCY ARISES ON THE TASK FORCE , THE APPROPRIATE APPOINTING20
411	411	AUTHORITY SHALL APPOINT A REPLACEMENT MEMBER THAT MEETS THE21
412	412	REQUIREMENTS SET FORTH IN SUBSECTION (2) OF THIS SECTION FOR THE22
413	413	VACANT POSITION.23
414	414	(b) T
415	415	HE TASK FORCE SHALL ELECT A CHAIR AND A VICE -CHAIR AT24
416	416	THE FIRST MEETING, WHICH MUST BE HELD ON OR BEFORE DECEMBER 1,25
417	417	2023. T
418	418	HE CHAIR MUST BE FROM THE SENATE AND THE VICE -CHAIR MUST26
419	419	BE FROM THE HOUSE OF REPRESENTATIVES .27
420	420	HB23B-1005
421	421	-12- (4) THE TASK FORCE SHALL MEET AS MANY TIMES AS NECESSARY1
422	422	TO DELIVER A REPORT IN ACCORDANCE WITH SUBSECTION (6) OF THIS2
423	423	SECTION. TASK FORCE MEETINGS MUST BE OPEN TO THE PUBLIC , AND THE3
424	424	TASK FORCE SHALL SOLICIT THE TESTIMONY OF THE MEMBERS OF THE4
425	425	PUBLIC.5
426	426	(5) T
427	427	HE MEMBERS OF THE TASK FORCE APPOINTED PURSUANT TO6
428	428	SUBSECTIONS (2)(a)(I) AND (2)(a)(II) OF THIS SECTION ARE ENTITLED TO7
429	429	RECEIVE COMPENSATION AND REIMBURSEMENT OF EXPENSES AS PROVIDED8
430	430	IN SECTION 2-2-326.9
431	431	(6) T
432	432	HE TASK FORCE SHALL MAKE A REPORT TO THE HOUSE OF10
433	433	REPRESENTATIVES FINANCE COMMITTEE AND THE SENATE FINANCE11
434	434	COMMITTEE, OR THEIR SUCCESSOR COMMITTEES , NO LATER THAN12
435	435	D
436	436	ECEMBER 31, 2023. THE TASK FORCE IS DISBANDED AFTER IT MAKES ITS13
437	437	REPORT.14
438	438	(7) T
439	439	HE PURPOSES OF THE TASK FORCE ARE TO:15
440	440	(a) I
441	441	DENTIFY THE CAUSES OF INCREASINGLY BURDENSOME16
442	442	PROPERTY TAXES ACROSS COLORADO;17
443	443	(b) R
444	444	EVIEW BEST PRACTICES IN PUBLIC POLICY STRATEGIES THAT18
445	445	CREATE SHORT-TERM AND LONG -TERM PROPERTY TAX RELIEF FOR19
446	446	HOMEOWNERS AND BUSINESSES , WHILE PREVENTING LAPSES IN THE20
447	447	ADMINISTRATION OF PUBLIC SERVICES BY LOCAL GOVERNMENTS THAT21
448	448	RELY ON PROPERTY TAX REVENUE TO PROVIDE SUCH PUBLIC SERVICES ;22
449	449	AND23
450	450	(c) M
451	451	AKE RECOMMENDATIONS TO ASSIST IN THE DEVELOPMENT OF24
452	452	SHORT-TERM AND LONG-TERM LEGISLATIVE CHANGES NEEDED TO CREATE25
453	453	SHORT-TERM AND LONG-TERM PROPERTY TAX RELIEF FOR HOMEOWNERS26
454	454	AND BUSINESSES.27
455	455	HB23B-1005
456	456	-13- (8) THE DIRECTOR OF RESEARCH OF THE LEGISLATIVE COUNCIL1
457	457	AND THE DIRECTOR OF THE OFFICE OF LEGISLATIVE LEGAL SERVICES SHALL2
458	458	SUPPLY STAFF ASSISTANCE TO THE TASK FORCE AS THEY DEEM3
459	459	APPROPRIATE, WITHIN EXISTING APPROPRIATIONS.4
460	460	(9) T
461	461	HIS SECTION IS REPEALED, EFFECTIVE JULY 1, 2025.5
462	462	SECTION 9. In Colorado Revised Statutes, 39-21-304, amend6
463	463	(1)(a) as follows:7
464	464	39-21-304. Tax expenditure - tax preference performance8
465	465	statement - tax expenditure repeal requirement. (1) (a) On and after9
466	466	January 1, 2021,
467	467	UNLESS OTHERWISE PROVIDED BY LAW , any bill that10
468	468	creates a new tax expenditure or extends an expiring tax expenditure must11
469	469	include a tax preference performance statement as part of a statutory12
470	470	legislative declaration.13
471	471	SECTION 10. In Colorado Revised Statutes, 39-22-104, amend14
472	472	(1.7)(c) and (2); and add (1.9) as follows:15
473	473	39-22-104. Income tax imposed on individuals, estates, and16
474	474	trusts - single rate - report - legislative declaration - definitions -17
475	475	repeal. (1.7) (c) Except as otherwise provided in section 39-22-627,
476	476	18
477	477	Subject to subsection (2) of this section, with respect to
478	478	THE taxable years
479	479	19
480	480	YEAR commencing on or after January 1, 2022, AND TAXABLE YEARS20
481	481	COMMENCING ON OR AFTER JANUARY 1, 2024, a tax of four and forty21
482	482	one-hundredths percent is imposed on the federal taxable income, as22
483	483	determined pursuant to section 63 of the internal revenue code, of every23
484	484	individual, estate, and trust.24
485	485	(1.9) (a) S
486	486	UBJECT TO SUBSECTION (2) OF THIS SECTION, WITH25
487	487	RESPECT TO THE TAXABLE YEAR COMMENCING ON JANUARY 1, 2023, A26
488	488	TAX OF FOUR PERCENT IS IMPOSED ON THE FEDERAL TAXABLE INCOME , AS27
489	489	HB23B-1005
490	490	-14- DETERMINED PURSUANT TO SECTION 63 OF THE INTERNAL REVENUE CODE,1
491	491	OF EVERY INDIVIDUAL, ESTATE, AND TRUST.2
492	492	(b) T
493	493	HE RATE REDUCTION SET FORTH IN SUBSECTION (1.9)(a) OF3
494	494	THIS SECTION IS NOT SUBJECT TO THE REQUIREMENTS SET FORTH IN4
495	495	SECTION 39-21-304 (1)(a).5
496	496	(2) Prior to the application of the rate of tax prescribed in6
497	497	subsection (1), (1.5), or
498	498	(1.7), OR (1.9) of this section, the federal taxable7
499	499	income shall be modified as provided in subsections (3) and (4) of this8
500	500	section.9
501	501	SECTION 11. In Colorado Revised Statutes, 39-22-301, amend10
502	502	(1)(d)(I)(K); and add (1)(d)(I)(L) as follows:11
503	503	39-22-301. Corporate tax imposed - repeal. (1) (d) (I) A tax is12
504	504	imposed upon each domestic C corporation and foreign C corporation13
505	505	doing business in Colorado annually in an amount of the net income of14
506	506	such C corporation during the year derived from sources within Colorado15
507	507	as set forth in the following schedule of rates:16
508	508	(K) Except as otherwise provided in section 39-22-627, For THE17
509	509	income tax years YEAR commencing on or after January 1, 2022, AND FOR18
510	510	INCOME TAX YEARS COMMENCING ON OR AFTER JANUARY 1, 2024, four19
511	511	and forty one-hundredths percent of the Colorado net income;
512	512	AND20
513	513	(L) F
514	514	OR THE INCOME TAX YEAR COMMENCING ON JANUARY 1,21
515	515	2023,
516	516	FOUR PERCENT OF THE COLORADO NET INCOME . THE RATE22
517	517	REDUCTION SET FORTH IN THIS SUBSECTION (1)(d)(I)(L) IS NOT SUBJECT TO23
518	518	THE REQUIREMENTS SET FORTH IN SECTION 39-21-304 (1)(a).24
519	519	SECTION 12. In Colorado Revised Statutes, 22-40-102, amend25
520	520	(3) and (6) as follows:26
521	521	22-40-102. Certification - tax revenues - repeal. (3) (a) The27
522	522	HB23B-1005
523	523	-15- board of education of a school district which THAT had an actual1
524	524	enrollment of more than fifty thousand pupils during the preceding school2
525	525	year may make the certification provided for in subsection (1) of this3
526	526	section no later than December 15.4
527	527	(b) (I) F
528	528	OR THE PROPERTY TAX YEAR COMMENCING ON JANUARY5
529	529	1,
530	530	2023, THE DEADLINE SET FORTH IN SUBSECTION (3)(a) OF THIS SECTION6
531	531	IS POSTPONED FROM DECEMBER 15, 2023, TO JANUARY10, 2024.7
532	532	(II) T
533	533	HIS SUBSECTION (3)(b) IS REPEALED, EFFECTIVE JULY 1, 2025.8
534	534	(6) (a) Each school district, with such assistance as may be9
535	535	required from the department of education, shall inform the county10
536	536	treasurer for each county within the district's boundaries no later than11
537	537	December 15 of each year of said district's general fund mill levy in the12
538	538	absence of funds estimated to be received by said district pursuant to the13
539	539	"Public School Finance Act of 1994", article 54 of this title
540	540	TITLE 22, and14
541	541	the estimated funds to be received for the general fund of the district from15
542	542	the state.16
543	543	(b) (I) F
544	544	OR THE PROPERTY TAX YEAR COMMENCING ON JANUARY17
545	545	1,
546	546	2023, THE DEADLINE SET FORTH IN SUBSECTION (6)(a) OF THIS SECTION18
547	547	IS POSTPONED FROM DECEMBER 15, 2023, TO JANUARY10, 2024.19
548	548	(II) T
549	549	HIS SUBSECTION (6)(b) IS REPEALED, EFFECTIVE JULY 1, 2025.20
550	550	SECTION 13. In Colorado Revised Statutes, 29-1-108, amend21
551	551	(4) as follows:22
552	552	29-1-108. Adoption of budget - appropriations - failure to23
553	553	adopt - repeal. (4) (a) If the appropriations for the budget year have not24
554	554	been made by December 31 of the current fiscal year, then ninety percent25
555	555	of the amount appropriated in the current fiscal year for operation and26
556	556	maintenance expenses shall be deemed reappropriated for the budget27
557	557	HB23B-1005
558	558	-16- year.1
559	559	(b) (I) A
560	560	PPROPRIATIONS FOR THE 2024 BUDGET YEAR, IF SUCH2
561	561	APPROPRIATIONS ARE IMPACTED DUE TO CHANGES TO THE ASSESSED3
562	562	VALUATION OF PROPERTY WITHIN THE LOCAL GOVERNMENT 'S BOUNDARIES4
563	563	MADE PURSUANT TO THIS HOUSE BILL 23B-____, ENACTED IN 2023, MAY5
564	564	BE MADE NOTWITHSTANDING SUBSECTION (4)(a) OF THIS SECTION AND DO6
565	565	NOT CONSTITUTE A CHANGE TO THE LOCAL GOVERNMENT 'S ADOPTED7
566	566	BUDGET REQUIRING COMPLIANCE WITH SECTION 29-1-109.8
567	567	(II) T
568	568	HIS SUBSECTION (4)(b) IS REPEALED, EFFECTIVE JULY 1, 2025.9
569	569	SECTION 14. In Colorado Revised Statutes, 29-1-109, amend10
570	570	(2)(a) and (2)(c) as follows:11
571	571	29-1-109. Changes to budget - transfers - supplemental12
572	572	appropriations - repeal. (2) (a) (I) Any transfer, supplemental13
573	573	appropriation, or revised appropriation made pursuant to this section shall14
574	574	be made only by ordinance or resolution which complies with the notice15
575	575	provisions of section 29-1-106.16
576	576	(II) (A) N
577	577	OTWITHSTANDING SUBSECTION (2)(a)(I) OF THIS17
578	578	SECTION, IF AFTER ADOPTION OF A BUDGET ON OR BEFORE DECEMBER 31,18
579	579	2023,
580	580	FOR THE 2024 FISCAL YEAR, AN ORDINANCE OR RESOLUTION MAKING19
581	581	A TRANSFER, SUPPLEMENTAL APPROPRIATION, OR REVISED APPROPRIATION20
582	582	IS REQUIRED PURSUANT TO THIS SECTION DUE TO THE CHANGES TO THE21
583	583	ASSESSED VALUATION OF PROPERTY WITHIN THE LOCAL GOVERNMENT 'S22
584	584	BOUNDARIES PURSUANT TO THIS HOUSE BILL 23B-____, ENACTED IN 2023,23
585	585	THE ORDINANCE OR RESOLUTION DOES NOT NEED TO COMPLY WITH THE24
586	586	NOTICE PROVISIONS OF SECTION 29-1-106.25
587	587	(B) T
588	588	HIS SUBSECTION (2)(a)(II) IS REPEALED, EFFECTIVE JULY 1,26
589	589	2025.27
590	590	HB23B-1005
591	591	-17- (c) (I) For supplemental budgets and appropriations, such1
592	592	ordinance or resolution shall set forth in full the source and amount of2
593	593	such revenue, the purpose for which such revenues are being budgeted3
594	594	and appropriated, and the fund or spending agency which shall make such4
595	595	supplemental expenditure. A certified copy of such ordinance or5
596	596	resolution shall be filed with the division.6
597	597	(II) (A) F
598	598	OR THE 2024 FISCAL YEAR, FOR SUPPLEMENTAL BUDGETS7
599	599	AND APPROPRIATIONS REQUIRED DUE TO THE CHANGES TO THE ASSESSED8
600	600	VALUATION OF PROPERTY WITHIN THE LOCAL GOVERNMENT 'S BOUNDARIES9
601	601	PURSUANT TO THIS HOUSE BILL 23B-____, ENACTED IN 2023, SUCH10
602	602	CHANGES ARE A SUFFICIENT PURPOSE TO SATISFY THE REQUIREMENTS SET11
603	603	FORTH IN SUBSECTION (2)(c)(I) OF THIS SECTION.12
604	604	(B) T
605	605	HIS SUBSECTION (2)(c)(II) IS REPEALED, EFFECTIVE JULY 1,13
606	606	2025.14
607	607	SECTION 15. In Colorado Revised Statutes, 39-1-111, amend15
608	608	(1) and (5) as follows:16
609	609	39-1-111. Taxes levied by board of county commissioners -17
610	610	repeal. (1) (a) No later than December 22 in each year, the board of18
611	611	county commissioners in each county of the state, or such other body in19
612	612	the city and county of Denver as shall be
613	613	IS authorized by law to levy20
614	614	taxes, or the city council of the city and county of Broomfield, shall,21
615	615	either by an order to be entered in the record of its proceedings or by22
616	616	written approval, levy against the valuation for assessment of all taxable23
617	617	property located in the county on the assessment date, and in the various24
618	618	towns, cities, school districts, and special districts within such county, the25
619	619	requisite property taxes for all purposes required by law.26
620	620	(b) (I) F
621	621	OR THE PROPERTY TAX YEAR COMMENCING ON JANUARY27
622	622	HB23B-1005
623	623	-18- 1, 2023, THE DEADLINE SET FORTH IN SUBSECTION (1)(a) OF THIS SECTION1
624	624	IS POSTPONED FROM DECEMBER 22, 2023, TO JANUARY 17, 2024.2
625	625	(II) T
626	626	HIS SUBSECTION (1)(b) IS REPEALED, EFFECTIVE JULY 1, 2025.3
627	627	(5) (a) If, after certification of the valuation for assessment4
628	628	pursuant to section 39-5-128 and notification of total actual value5
629	629	pursuant to section 39-5-121 (2)(b) but prior to December 10, changes in6
630	630	such valuation for assessment or total actual value are made by the7
631	631	assessor, the assessor shall send a single notification to the board of8
632	632	county commissioners or other body authorized by law to levy property9
633	633	taxes, to the division of local government, and to the department of10
634	634	education that includes all of such changes that have occurred during said11
635	635	specified period of time. Upon receipt of such notification, such board or12
636	636	body shall make adjustments in the tax levies to ensure compliance with13
637	637	section 29-1-301, C.R.S.,
638	638	if applicable, and may make adjustments in14
639	639	order that the same amount of revenue be raised. A copy of any15
640	640	adjustment to tax levies shall be transmitted to the administrator and16
641	641	assessor. Nothing in this subsection (5) shall be construed as conferring17
642	642	the authority to exceed statutorily imposed mill levy or revenue-raising18
643	643	limits.19
644	644	(b) (I) F
645	645	OR THE PROPERTY TAX YEAR COMMENCING ON JANUARY20
646	646	1,
647	647	2023, THE DEADLINE SET FORTH IN SUBSECTION (5)(a) OF THIS SECTION21
648	648	IS POSTPONED FROM DECEMBER 10, 2023, TO JANUARY 3, 2024.22
649	649	(II) T
650	650	HIS SUBSECTION (5)(b) IS REPEALED, EFFECTIVE JULY 1, 2025.23
651	651	SECTION 16. In Colorado Revised Statutes, 39-3-207, amend24
652	652	(2)(b) as follows:25
653	653	39-3-207. Reporting of exemptions - reimbursement to local26
654	654	governmental entities. (2) (b) No later than December 1, 2002, and no27
655	655	HB23B-1005
656	656	-19- later than each December 1 thereafter, and after examining the reports1
657	657	sent by each assessor, denying claims for exemptions, and deciding2
658	658	protests in accordance with paragraph (a) of this subsection (2)3
659	659	SUBSECTION (2)(a) OF THIS SECTION, the administrator shall provide4
660	660	written notice to the assessor of each county in which an exemption5
661	661	application has been denied because the applicant filed multiple6
662	662	exemption applications with the identity of the applicant who filed7
663	663	multiple exemption applications and the denial of the exemption. No later8
664	664	than December 1, 2016, and no later than each December 1 thereafter,9
665	665	and after examining the reports sent by each assessor, denying claims for10
666	666	exemptions, and deciding protests in accordance with paragraph (a) of11
667	667	this subsection (2) SUBSECTION (2)(a) OF THIS SECTION, the administrator12
668	668	shall also provide written notice to the assessor of each county in which13
669	669	an exemption application has been denied for any other reason with the14
670	670	identity of the applicant and the denial of the exemption, specifying the15
671	671	reason for the denial. No later than January 10, 2017, and no later than16
672	672	each January 10 thereafter;
673	673	EXCEPT THAT, FOR 2024, NO LATER THAN17
674	674	J
675	675	ANUARY 24, each assessor shall forward to the administrator a partial18
676	676	copy of the tax warrant for the assessor's county that includes only19
677	677	property for which the assessor has granted an exemption. The20
678	678	administrator shall examine the tax warrants to ensure that no additional21
679	679	exemptions have been allowed since the administrator examined the22
680	680	reports previously received from the assessors and that each assessor has23
681	681	removed from the tax warrant all exemptions that the administrator24
682	682	previously denied. No later than January 17, 2017, and no later than each25
683	683	January 17 thereafter;
684	684	EXCEPT THAT, FOR 2024, NO LATER THAN JANUARY26
685	685	31,
686	686	the administrator shall notify each assessor and each treasurer of any27
687	687	HB23B-1005
688	688	-20- exemptions to be removed from the tax warrant.1
689	689	SECTION 17. In Colorado Revised Statutes, 39-5-128, amend2
690	690	(1) as follows:3
691	691	39-5-128. Certification of valuation for assessment - repeal.4
692	692	(1) (a) No later than August 25 of each year, the assessor shall certify to5
693	693	the department of education, to the clerk of each town and city, to the6
694	694	secretary of each school district, and to the secretary of each special7
695	695	district within the assessor's county the total valuation for assessment of8
696	696	all taxable property located within the territorial limits of each such town,9
697	697	city, school district, or special district and shall notify each such clerk,10
698	698	secretary, and board to officially certify the levy of such town, city,11
699	699	school district, or special district to the board of county commissioners no12
700	700	later than December 15. The assessor shall also certify to the secretary of13
701	701	each school district the actual value of the taxable property in the district.14
702	702	(b) (I) F
703	703	OR THE PROPERTY TAX YEAR COMMENCING ON JANUARY15
704	704	1,
705	705	2023, THE DEADLINE SET FORTH IN SUBSECTION (1)(a) OF THIS SECTION16
706	706	FOR OFFICIALLY CERTIFYING A LEVY IS POSTPONED FROM DECEMBER 15,17
707	707	2023,
708	708	TO JANUARY 10, 2024.18
709	709	(II) T
710	710	HIS SUBSECTION (1)(b) IS REPEALED, EFFECTIVE JULY 1, 2025.19
711	711	SECTION 18. In Colorado Revised Statutes, amend 39-5-129 as20
712	712	follows:21
713	713	39-5-129. Delivery of tax warrant - public inspection - repeal.22
714	714	(1) As soon as practicable after the requisite taxes for the year have been23
715	715	levied but in no event later than January 10 of each year, the assessor24
716	716	shall deliver the tax warrant under his
717	717	THE hand and official seal OF THE25
718	718	ASSESSOR to the treasurer, which shall be made readily available to the26
719	719	general public during the collection year in a convenient location in the27
720	720	HB23B-1005
721	721	-21- courthouse. The assessor shall retain one or more true copies thereof,1
722	722	which shall be made readily available to the general public during the2
723	723	collection year in a convenient location in the courthouse. Such tax3
724	724	warrant shall set forth the assessment roll, reciting the persons in whose4
725	725	names taxable property in the county has been listed, the class of such5
726	726	taxable property and the valuation for assessment thereof, the several6
727	727	taxes levied against such valuation, and the amount of such taxes7
728	728	extended against each separate valuation. At the end of the warrant, the8
729	729	aggregate of all taxes levied shall be totaled, balanced, and prorated to the9
730	730	several funds of each levying authority, and the treasurer shall be10
731	731	commanded to collect all such taxes.11
732	732	(2) (a) F
733	733	OR THE PROPERTY TAX YEAR COMMENCING ON JANUARY12
734	734	1,
735	735	2023, THE DEADLINE SET FORTH IN SUBSECTION (1) OF THIS SECTION IS13
736	736	POSTPONED FROM JANUARY 10, 2024, TO JANUARY 24, 2024.14
737	737	(b) T
738	738	HIS SUBSECTION (2) IS REPEALED, EFFECTIVE JULY 1, 2025.15
739	739	SECTION 19. In Colorado Revised Statutes, 39-10-103, add16
740	740	(1)(c) as follows:17
741	741	39-10-103. Tax statement - repeal. (1) (c) (I) F
742	742	OR THE18
743	743	PROPERTY TAX YEAR COMMENCING ON JANUARY 1, 2023, THE TREASURER19
744	744	SHALL MAIL THE STATEMENT AS SOON AS PRACTICABLE AFTER JANUARY20
745	745	24,
746	746	2024.21
747	747	(II) T
748	748	HIS SUBSECTION (1)(c) IS REPEALED, EFFECTIVE JULY 1, 2025.22
749	749	SECTION 20. In Colorado Revised Statutes, 39-10-104.5,23
750	750	amend (3)(a) as follows:24
751	751	39-10-104.5. Payment dates - optional payment dates - failure25
752	752	to pay - delinquency - repeal. (3) (a) (I) If the first installment is not26
753	753	paid on or before the last day of February, then delinquent interest on the27
754	754	HB23B-1005
755	755	-22- first installment shall accrue at the rate of one percent per month from the1
756	756	first day of March until the date of payment; except that, if payment of the2
757	757	first installment is made after the last day of February but not later than3
758	758	thirty days after the mailing by the treasurer of the tax statement, or true4
759	759	and actual notification of an electronic statement, pursuant to section5
760	760	39-10-103 (1)(a), no such delinquent interest shall accrue. If the second6
761	761	installment is not paid by the fifteenth day of June, delinquent interest on7
762	762	the second installment shall accrue at the rate of one percent per month8
763	763	from the sixteenth day of June until the date of payment. Interest on the9
764	764	first installment shall continue to accrue at the same time that interest is10
765	765	accruing on the unpaid portion of the second installment. The taxpayer11
766	766	shall continue to have the option of paying delinquent property taxes in12
767	767	two equal installments until one day prior to the sale of the tax lien on13
768	768	such property pursuant to article 11 of this title TITLE 39.14
769	769	(II) (A) F
770	770	OR THE PROPERTY TAX YEAR COMMENCING ON JANUARY15
771	771	1,
772	772	2023, DELINQUENT INTEREST DOES NOT A CCRUE IF PAYMENT OF THE16
773	773	FIRST INSTALLMENT IS MADE AFTER THE LAST DAY OF FEBRUARY BUT NOT17
774	774	LATER THAN TEN DAYS AFTER THE MAILING BY THE TREASURER OF THE18
775	775	TAX STATEMENT, OR TRUE AND ACTUAL NOTIFICATION OF AN ELECTRONIC19
776	776	STATEMENT, PURSUANT TO SECTION 39-10-103 (1).20
777	777	(B) T
778	778	HIS SUBSECTION (3)(a)(II) IS REPEALED, EFFECTIVE JULY 1,21
779	779	2025.22
780	780	SECTION 21. Safety clause. The general assembly finds,23
781	781	determines, and declares that this act is necessary for the immediate24
782	782	preservation of the public peace, health, or safety or for appropriations for25
783	783	the support and maintenance of the departments of the state and state26
784	784	institutions.27
785	785	HB23B-1005
786	786	-23-