Colorado 2023 Regular Session

Colorado Senate Bill SB305 Compare Versions

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

Old	New	Differences
1	1	First Regular Session
2	2	Seventy-fourth General Assembly
3	3	STATE OF COLORADO
4	4	INTRODUCED
5	5
6	6
7	7	LLS NO. 23-0425.01 Pierce Lively x2059
8	8	SENATE BILL 23-305
9	9	Senate Committees House Committees
10	10	Finance
11	11	A BILL FOR AN ACT
12	12	C
13	13	ONCERNING THE CREATION OF THE PROPERTY TAX TASK FORCE .101
14	14	Bill Summary
15	15	(Note: This summary applies to this bill as introduced and does
16	16	not reflect any amendments that may be subsequently adopted. If this bill
17	17	passes third reading in the house of introduction, a bill summary that
18	18	applies to the reengrossed version of this bill will be available at
19	19	http://leg.colorado.gov
20	20	.)
21	21	The bill creates the property tax task force (task force). The task
22	22	force consists of both members of the general assembly and individuals
23	23	who are not members of the general assembly. The purpose of the task
24	24	force is to develop a permanent and sustainable tax structure for the state
25	25	of Colorado.
26	26	The task force is required to:
27	27	! Convene by July 15, 2023;
28	28	! Meet at least 4 times in its first year and at least 8 times
29	29	SENATE SPONSORSHIP
30	30	Pelton B.,
31	31	HOUSE SPONSORSHIP
32	32	Pugliese,
33	33	Shading denotes HOUSE amendment. Double underlining denotes SENATE amendment.
34	34	Capital letters or bold & italic numbers indicate new material to be added to existing law.
35	35	Dashes through the words or numbers indicate deletions from existing law. every year; and
36	36	! Submit reports with its findings and recommendations to
37	37	the general assembly by November 1.
38	38	After the task force makes its first report to the general assembly,
39	39	the task force may determine that it has fulfilled its purposes and the task
40	40	force may be disbanded.
41	41	The task force is repealed on November 1, 2026.
42	42	Be it enacted by the General Assembly of the State of Colorado:1
43	43	SECTION 1. Legislative declaration. (1) The general assembly2
44	44	finds and declares that:3
45	45	(a) Historic growth in property values has resulted in burdensome4
46	46	property tax increases for homeowners, contributing to an increase in the5
47	47	cost of housing;6
48	48	(b) With the total assessed value of residential property expected7
49	49	to increase thirty-eight and five-tenths percent from seventy-one billion8
50	50	dollars to ninety-eight billion three hundred thousand dollars between9
51	51	2021 and 2025, it's important that leaders come together to work toward10
52	52	developing a property tax structure that balances the needs of11
53	53	homeowners and the community;12
54	54	(c) The state of Colorado has a long tradition of respecting local13
55	55	control; in furtherance of that tradition, the general assembly declares that14
56	56	buy-in and involvement from individuals with an intimate understanding15
57	57	of the needs of their communities will be crucial in realizing its goal to16
58	58	develop a permanent and sustainable property tax structure for the state17
59	59	of Colorado; and18
60	60	(d) There exists a disparity between the property taxes owed by19
61	61	the owners of residential properties and the owners of other properties,20
62	62	and this disparity must be cured if Colorado wishes to uphold its21
63	63	reputation as a business-friendly state.22
64	64	SB23-305-2- SECTION 2. In Colorado Revised Statutes, add 39-1-125 as1
65	65	follows:2
66	66	39-1-125. Property tax task force - creation - powers and3
67	67	duties - report - repeal. (1) N
68	68	OTWITHSTANDING SECTION 2-3-303.3,4
69	69	THERE IS CREATED THE PROPERTY TAX TASK FORCE , REFERRED TO IN THIS5
70	70	SECTION AS THE "TASK FORCE". THE TASK FORCE SHALL MEET AS6
71	71	NECESSARY DURING ANY LEGISLATIVE SESSION OR ANY INTERIM BETWEEN7
72	72	LEGISLATIVE SESSIONS TO DEVELOP A PERMANENT AND SUSTAINABLE8
73	73	PROPERTY TAX STRUCTURE FOR THE STATE OF COLORADO.9
74	74	(2) T
75	75	HE TASK FORCE CONSISTS OF THE FOLLOWING TWENTY -TWO10
76	76	MEMBERS:11
77	77	(a) S
78	78	EVENTEEN VOTING MEMBERS CONSISTING OF :12
79	79	(I) T
80	80	HREE MEMBERS FROM THE HOUSE OF REPRESENTATIVES WITH13
81	81	EXPERIENCE IN LOCAL GOVERNMENT , APPOINTED BY THE GOVERNOR;14
82	82	(II) T
83	83	HREE MEMBERS FROM THE SENATE WITH EXPERIENCE IN15
84	84	LOCAL GOVERNMENT , APPOINTED BY THE GOVERNOR;16
85	85	(III) T
86	86	HE PROPERTY TAX ADMINISTRATOR IN THE DIVISION OF17
87	87	PROPERTY TAXATION OF THE DEPARTMENT OF LOCAL AFFAIRS ;18
88	88	(IV) O
89	89	NE INDIVIDUAL WITH EXPERIENCE IN LOCAL GOVERNMENT ,19
90	90	APPOINTED BY A STATEWIDE ORGANIZATION REPRESENTING20
91	91	MUNICIPALITIES AND LOCAL GOVERNMENTS ;21
92	92	(V) O
93	93	NE INDIVIDUAL WHO HAS SERVED AS A COUNTY ASSESSOR ,22
94	94	APPOINTED BY THE COLORADO ASSESSORS' ASSOCIATION;23
95	95	(VI) O
96	96	NE INDIVIDUAL WITH EXPERIENCE IN SPECIAL DISTRICTS ,24
97	97	APPOINTED BY THE SPECIAL DISTRICT ASSOCIATION OF COLORADO;25
98	98	(VII) T
99	99	WO INDIVIDUALS WHO HAVE SERVED ON A LOCAL SCHOOL26
100	100	BOARD, APPOINTED BY THE COLORADO ASSOCIATION OF SCHOOL BOARDS;27
101	101	SB23-305
102	102	-3- AND1
103	103	(VIII) T
104	104	HE FOLLOWING COUNTY COMMISSIONERS , APPOINTED BY2
105	105	A STATEWIDE ORGANIZATION REPRESENTING THE MAJORITY OF THE3
106	106	COUNTIES IN COLORADO, AND REPRESENTING THE FOLLOWING REGIONS AS4
107	107	DEFINED IN SECTION 26-5-103.5 (2)(d):5
108	108	(A) O
109	109	NE COUNTY COMMISSIONER FROM THE EASTERN REGION OF6
110	110	C
111	111	OLORADO;7
112	112	(B) O
113	113	NE COUNTY COMMISSIONER FROM THE FRONT RANGE REGION8
114	114	OF COLORADO;9
115	115	(C) O
116	116	NE COUNTY COMMISSIONER FROM THE MOUNTAIN REGION OF10
117	117	C
118	118	OLORADO;11
119	119	(D) O
120	120	NE COUNTY COMMISSIONER FROM THE SOUTHERN REGION OF12
121	121	C
122	122	OLORADO; AND13
123	123	(E) O
124	124	NE COUNTY COMMISSIONER FROM THE WESTERN REGION OF14
125	125	C
126	126	OLORADO;15
127	127	(b) F
128	128	IVE NONVOTING MEMBERS CONSISTING OF :16
129	129	(I) O
130	130	NE INDIVIDUAL APPOINTED BY COLORADO CONCERN;17
131	131	(II) O
132	132	NE INDIVIDUAL APPOINTED BY THE COLORADO APARTMENT18
133	133	A
134	134	SSOCIATION;19
135	135	(III) O
136	136	NE INDIVIDUAL APPOINTED BY THE COLORADO CHAMBER OF20
137	137	C
138	138	OMMERCE;21
139	139	(IV) O
140	140	NE INDIVIDUAL APPOINTED BY THE BUILDING OWNERS AND22
141	141	M
142	142	ANAGERS ASSOCIATION INTERNATIONAL; AND23
143	143	(V) O
144	144	NE INDIVIDUAL APPOINTED BY THE COMMERCIAL REAL24
145	145	E
146	146	STATE DEVELOPMENT ASSOCIATION.25
147	147	(3) (a) A
148	148	LL APPOINTMENTS DESCRIBED IN SUBSECTION (2) OF THIS26
149	149	SECTION MUST BE MADE NO LATER THAN JUNE 1, 2023. MEMBERS OF THE27
150	150	SB23-305
151	151	-4- TASK FORCE SERVE AT THE PLEASURE OF THE APPLICABLE APPOINTING1
152	152	AUTHORITY OR UNTIL THE MEMBER NO LONGER SERVES IN THE POSITION2
153	153	FOR WHICH THAT MEMBER WAS APPOINTED TO THE TASK FORCE , AT WHICH3
154	154	TIME A VACANCY IS DEEMED TO EXIST ON THE TASK FORCE . IF A VACANCY4
155	155	ARISES ON THE TASK FORCE, THE APPROPRIATE APPOINTING AUTHORITY5
156	156	SHALL APPOINT A REPLACEMENT MEMBER THAT MEETS THE6
157	157	REQUIREMENTS SET FORTH IN SUBSECTION (2) OF THIS SECTION FOR THE7
158	158	VACANT POSITION.8
159	159	(b) S
160	160	TARTING IN 2023, THE TASK FORCE SHALL ELECT A CHAIR AND9
161	161	A VICE-CHAIR AT THE FIRST MEETING HELD ON OR BEFORE JULY 15, 2023.10
162	162	T
163	163	HE CHAIR AND VICE-CHAIR APPOINTMENTS MUST ALTERNATE BETWEEN11
164	164	A MEMBER FROM THE HOUSE OF REPRESENTATIVES AND A MEMBER FROM12
165	165	THE SENATE WITH THE FIRST CHAIR BEING FROM THE SENATE AND THE13
166	166	FIRST VICE-CHAIR BEING FROM THE HOUSE OF REPRESENTATIVES . THE14
167	167	PERSON SERVING AS CHAIR, OR A MEMBER OF THE SAME HOUSE IF SUCH15
168	168	PERSON IS NO LONGER A MEMBER THEREOF , SHALL SERVE AS VICE-CHAIR16
169	169	DURING THE NEXT LEGISLATIVE SESSION ; AND THE PERSON SERVING AS17
170	170	VICE-CHAIR, OR A MEMBER OF THE SAME HOUSE IF SUCH PERSON IS NO18
171	171	LONGER A MEMBER THEREOF , SHALL SERVE AS CHAIR DURING THE NEXT19
172	172	LEGISLATIVE SESSION.20
173	173	(4) I
174	174	N 2023, THE TASK FORCE SHALL MEET FOUR TIMES, WITH THE21
175	175	FIRST MEETING OCCURRING NO LATER THAN JULY 15, 2023. STARTING IN22
176	176	2024,
177	177	THE TASK FORCE SHALL MEET AT LEAST EIGHT TIMES PER YEAR .23
178	178	T
179	179	ASK FORCE MEETINGS MUST BE OPEN TO THE PUBLIC AND THE TASK24
180	180	FORCE SHALL SOLICIT THE TESTIMONY OF THE MEMBERS OF THE PUBLIC .25
181	181	(5) (a) T
182	182	HE MEMBERS OF THE TASK FORCE APPOINTED PURSUANT26
183	183	TO SUBSECTIONS (2)(a)(I) AND (2)(a)(II) OF THIS SECTION ARE ENTITLED27
184	184	SB23-305
185	185	-5- TO RECEIVE COMPENSATION AND REIMBURSEMENT OF EXPENSES AS1
186	186	PROVIDED IN SECTION 2-2-326.2
187	187	(b) T
188	188	HE LEGISLATIVE COUNCIL STAFF AND THE OFFICE OF3
189	189	LEGISLATIVE LEGAL SERVICES SHALL BE AVAILABLE TO ASSIST THE TASK4
190	190	FORCE IN CARRYING OUT ITS DUTIES.5
191	191	(6) N
192	192	O LATER THAN NOVEMBER 1, 2024, AND NO LATER THAN6
193	193	EACH NOVEMBER 1 THEREAFTER THROUGH NOVEMBER 1, 2026, THE TASK7
194	194	FORCE SHALL MAKE A REPORT TO THE LEGISLATIVE COUNCIL CREATED IN8
195	195	SECTION 2-3-301 THAT MAY OR MAY NOT INCLUDE RECOMMENDATIONS9
196	196	FOR LEGISLATION.10
197	197	(7) T
198	198	HE PURPOSES OF THE TASK FORCE ARE TO:11
199	199	(a) I
200	200	DENTIFY THE CAUSES OF INCREASINGLY BURDENSOME12
201	201	PROPERTY TAXES ACROSS COLORADO;13
202	202	(b) R
203	203	EVIEW BEST PRACTICES IN PUBLIC POLICY STRATEGIES THAT14
204	204	CREATE SHORT-TERM AND LONG -TERM PROPERTY TAX RELIEF FOR15
205	205	HOMEOWNERS AND BUSINESSES , WHILE PREVENTING LAPSES IN THE16
206	206	ADMINISTRATION OF PUBLIC SERVICES BY LOCAL GOVERNMENTS THAT17
207	207	RELY ON PROPERTY TAX REVENUE TO PROVIDE SUCH PUBLIC SERVICES ;18
208	208	AND19
209	209	(c) M
210	210	AKE RECOMMENDATIONS TO ASSIST IN THE DEVELOPMENT OF20
211	211	SHORT-TERM AND LONG-TERM LEGISLATIVE CHANGES NEEDED TO CREATE21
212	212	SHORT-TERM AND LONG-TERM PROPERTY TAX RELIEF FOR HOMEOWNERS22
213	213	AND BUSINESSES.23
214	214	(8) A
215	215	T ANY POINT AFTER THE TASK FORCE MAKES ITS FIRST REPORT24
216	216	REQUIRED BY SUBSECTION (6) OF THIS SECTION, THE TASK FORCE MAY25
217	217	HOLD A VOTE TO DETERMINE WHETHER THE TASK FORCE HAS FULFILLED26
218	218	ITS PURPOSES AS IDENTIFIED IN SUBSECTION (7) OF THIS SECTION. IF A27
219	219	SB23-305
220	220	-6- MAJORITY OF THE TASK FORCE VOTES TO AFFIRM THAT THE TASK FORCE1
221	221	HAS FULFILLED ITS PURPOSES, THEN, NOTWITHSTANDING ANY OTHER2
222	222	PROVISION OF THIS SECTION TO THE CONTRARY, THE TASK FORCE SHALL BE3
223	223	DISBANDED AND SHALL NOT BE REQUIRED TO HOLD ADDITIONAL MEETINGS4
224	224	UNDER SUBSECTION (4) OF THIS SECTION OR MAKE ADDITIONAL REPORTS5
225	225	UNDER SUBSECTION (6) OF THIS SECTION.6
226	226	(9) T
227	227	HIS SECTION IS REPEALED, EFFECTIVE NOVEMBER 1, 2026.7
228	228	SECTION 3. Safety clause. The general assembly hereby finds,8
229	229	determines, and declares that this act is necessary for the immediate9
230	230	preservation of the public peace, health, or safety.10
231	231	SB23-305
232	232	-7-