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January 19, 2023 HB 23-1052
Legislative Council Staff
Nonpartisan Services for Colorado’s Legislature
Fiscal Note
Drafting Number:
Prime Sponsors:
LLS 23-0432
Rep. Marshall
Sen. Fields
Date:
Bill Status:
Fiscal Analyst:
January 19, 2023
House State Affairs
Elizabeth Ramey | 303-866-3522
elizabeth.ramey@coleg.gov
Bill Topic: MODIFY PROPERTY TAX EXEMPTION FOR VETERANS WITH A
DISABILITY
Summary of
Fiscal Impact:
No fiscal impact. Conditional on voter approval of a constitutional amendment
referred to voters by HCR 23-1002, the bill makes conforming statutory changes
regarding the homestead exemptions for veterans with disabilities. The bill has no
impact on state or local government revenue or expenditures.
Appropriation
Summary:
No appropriation is required.
Fiscal Note
Status:
The fiscal note reflects the introduced bill.
Summary of Legislation
Conditional on voter approval of a constitutional amendment to section 3.5 (1.5) of article X of the
state constitution, the bill makes conforming statutory changes. In addition, the bill also requires a
veteran who has “individual unemployability status” to be treated equivalently to a veteran who has
one hundred percent permanent disability when determining eligibility for any state veterans benefit.
Assessment of No Fiscal Impact
Conditional on voter approval, the bill makes conforming statutory changes, therefore the bill is
assessed as having no fiscal impact. The fiscal impact of the changes associated with the constitutional
amendment is included in the fiscal note for HCR 23-1002. It is assumed that making “individual
unemployability status” equivalent to 100% disabled status in state law will not significantly affect
any state programs or services for veterans, other than the homestead exemption.
Effective Date
If a constitutional amendment to section 3.5 (1.5) of article X of the state constitution is approved by
voters at the November 2024 general election, the bill takes effect January 1, 2025.
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January 19, 2023 HB 23-1052
State and Local Government Contacts
Counties County Assessors Information Technology
Local Affairs Military Affairs Personnel
Property Tax Division - Local Affairs Revenue
The revenue and expenditure impacts in this fiscal note represent changes from current law under the bill for each
fiscal year. For additional information about fiscal notes, please visit: leg.colorado.gov/fiscalnotes.