Colorado 2024 1st Special Session

Colorado House Bill HB1003 Compare Versions

Version 1 (Old)

Version 2 (New)

Old	New		Differences
	1	+	Second Extraordinary Session
	2	+	Seventy-fourth General Assembly
	3	+	STATE OF COLORADO
	4	+	REENGROSSED
	5	+	This Version Includes All Amendments
	6	+	Adopted in the House of Introduction
	7	+	LLS NO. 24B-0005.01 Alison Killen x4350
1	8		HOUSE BILL 24B-1003
2		-	~~BY REPRESENTATIVE(S) Soper and Joseph, Bacon, Clifford, English,~~
3		-	~~Mauro, McCormick, McLachlan, Snyder, Titone, McCluskie;~~
4		-	~~also SENATOR(S) Priola and Baisley, Bridges, Roberts, Van Winkle.~~
	9	+	House Committees Senate Committees
	10	+	Appropriations
	11	+	A BILL FOR AN ACT
5	12		C
6		-	ONCERNING PROPERTY TAX RELIEF FOR BUSINESSES , AND, IN CONNECTION
7		-	THEREWITH
8		-	, EXPANDING AND EXTENDING THE EXEMPTION FOR
9		-	AGRICULTURAL EQUIPMENT AND MACHINERY USED IN CONTROLLED
10		-	AGRICULTURAL FACILITIES
11		-	.
12		-
13		-	Be it enacted by the General Assembly of the State of Colorado:
14		-	SECTION 1. In Colorado Revised Statutes, 39-1-102, amend
15		-	(1.3)(b)(II) and (1.3)(b)(III); and add (1.3)(b)(IV) as follows:
16		-	39-1-102. Definitions. As used in articles 1 to 13 of this title 39,
17		-	unless the context otherwise requires:
18		-	(1.3) "Agricultural equipment that is used on the farm or ranch or
19		-	in a CEA facility in the production of agricultural products":
20		-	(b) Includes:
21		-	NOTE: This bill has been prepared for the signatures of the appropriate legislative
22		-	officers and the Governor. To determine whether the Governor has signed the bill
23		-	or taken other action on it, please consult the legislative status sheet, the legislative
24		-	history, or the Session Laws.
25		-	________
26		-	Capital letters or bold & italic numbers indicate new material added to existing law; dashes
27		-	through words or numbers indicate deletions from existing law and such material is not part of
28		-	the act. (II) Silviculture personal property that is designed, adapted, and
29		-	used for the planting, growing, maintenance, or harvesting of trees in a raw
30		-	or unprocessed state; and
31		-	(III) Any personal property within a facility, whether attached to a
32		-	building or not, that is capable of being removed from the facility, and is
33		-	used in direct connection with the operation of a controlled environment
34		-	agricultural facility, which facility is used solely for planting, growing, or
35		-	harvesting crops in a raw or unprocessed state;
36		-	AND
37		-	(IV) ANY PERSONAL PROPERTY WITHIN A GREENHOUSE , WHETHER
38		-	ATTACHED TO THE GREENHOUSE OR NOT
39		-	, THAT IS CAPABLE OF BEING
40		-	REMOVED FROM THE GREENHOUSE AND IS USED IN DIRECT C ONNECTION WITH
41		-	THE OPERATION OF A GREENHOUSE
42		-	, WHICH GREENHOUSE IS USED SOLELY FOR
43		-	PLANTING OR GROWING CROPS IN A RAW OR UNPROCESSED STATE
44		-	, AND THE
45		-	SOLE PURPOSE OF GROWING CROPS IN THE GREENHOUSE IS TO OBTAIN A
46		-	MONETARY PROFIT FROM THE WHOLESALE OF PLANT
47		-	-BASED FOOD FOR
48		-	HUMAN OR LIVESTOCK CONSUMPTION
49		-	.
50		-	SECTION 2. In Colorado Revised Statutes, 39-3-122, amend (2)
51		-	as follows:
52		-	39-3-122. Agricultural equipment used in production of
53		-	agricultural products - CEA facilities - exemption - definition. (2) On
54		-	and after January 1, 2023, but prior to January 1, 2028,
55		-	agricultural
56		-	equipment that is used in any CEA facility
57		-	OR GREENHOUSE is exempt from
58		-	the levy and collection of property tax.
59		-	SECTION 3. Act subject to petition - effective date. This act
60		-	takes effect at 12:01 a.m. on the day following the expiration of the
61		-	ninety-day period after final adjournment of the general assembly; except
62		-	that, if a referendum petition is filed pursuant to section 1 (3) of article V
63		-	of the state constitution against this act or an item, section, or part of this act
64		-	within such period, then the act, item, section, or part will not take effect
65		-	unless approved by the people at the general election to be held in
66		-	PAGE 2-HOUSE BILL 24B-1003 November 2026 and, in such case, will take effect on the date of the official
67		-	declaration of the vote thereon by the governor.
68		-	____________________________ ____________________________
69		-	Julie McCluskie Steve Fenberg
70		-	SPEAKER OF THE HOUSE PRESIDENT OF
71		-	OF REPRESENTATIVES THE SENATE
72		-	____________________________ ____________________________
73		-	Robin Jones Cindi L. Markwell
74		-	CHIEF CLERK OF THE HOUSE SECRETARY OF
75		-	OF REPRESENTATIVES THE SENATE
76		-	APPROVED________________________________________
77		-	(Date and Time)
78		-	_________________________________________
79		-	Jared S. Polis
80		-	GOVERNOR OF THE STATE OF COLORADO
81		-	PAGE 3-HOUSE BILL 24B-1003
	13	+	ONCERNING PROPERTY TAX RELIEF FOR BUSINESSES , AND, IN101
	14	+	CONNECTION THEREWITH , EXPANDING AND EXTENDING THE102
	15	+	EXEMPTION FOR AGRICULTURAL EQUIPMENT AND MACHINERY103
	16	+	USED IN CONTROLLED AG RICULTURAL FACILITIES .104
	17	+	Bill Summary
	18	+	(Note: This summary applies to this bill as introduced and does
	19	+	not reflect any amendments that may be subsequently adopted. If this bill
	20	+	passes third reading in the house of introduction, a bill summary that
	21	+	applies to the reengrossed version of this bill will be available at
	22	+	http://leg.colorado.gov
	23	+	.)
	24	+	The bill clarifies certain definitions and modifies the personal
	25	+	property tax exemption for agricultural equipment to expand
	26	+	opportunities for tax relief for certain business personal property.
	27	+	HOUSE
	28	+	3rd Reading Unamended
	29	+	August 28, 2024
	30	+	HOUSE
	31	+	Amended 2nd Reading
	32	+	August 27, 2024
	33	+	HOUSE SPONSORSHIP
	34	+	Soper and Joseph, Bacon, Clifford, English, Mauro, McCluskie, McCormick, McLachlan,
	35	+	Snyder, Titone
	36	+	SENATE SPONSORSHIP
	37	+	Priola and Baisley,
	38	+	Shading denotes HOUSE amendment. Double underlining denotes SENATE amendment.
	39	+	Capital letters or bold & italic numbers indicate new material to be added to existing law.
	40	+	Dashes through the words or numbers indicate deletions from existing law. Section 1 of the bill clarifies that personal property used in direct
	41	+	connection with the operation of a greenhouse is included in the
	42	+	definition of agricultural equipment used in a controlled environment
	43	+	agricultural (CEA) facility and is thus exempt pursuant to the exemption
	44	+	for such agricultural equipment, which is permanently extended beyond
	45	+	its current expiration after the 2029 property tax year in section 2.
	46	+	Be it enacted by the General Assembly of the State of Colorado:1
	47	+	SECTION 1. In Colorado Revised Statutes, 39-1-102, amend2
	48	+	(1.3)(b)(II) and (1.3)(b)(III); and add (1.3)(b)(IV) as follows:3
	49	+	39-1-102. Definitions. As used in articles 1 to 13 of this title 39,4
	50	+	unless the context otherwise requires:5
	51	+	(1.3) "Agricultural equipment that is used on the farm or ranch or6
	52	+	in a CEA facility in the production of agricultural products":7
	53	+	(b) Includes:8
	54	+	(II) Silviculture personal property that is designed, adapted, and9
	55	+	used for the planting, growing, maintenance, or harvesting of trees in a10
	56	+	raw or unprocessed state; and
	57	+	11
	58	+	(III) Any personal property within a facility, whether attached to12
	59	+	a building or not, that is capable of being removed from the facility, and13
	60	+	is used in direct connection with the operation of a controlled14
	61	+	environment agricultural facility, which facility is used solely for15
	62	+	planting, growing, or harvesting crops in a raw or unprocessed state;
	63	+	AND16
	64	+	(IV) A
	65	+	NY PERSONAL PROPERTY WITHIN A GREENHOUSE , WHETHER17
	66	+	ATTACHED TO THE GREENHOUSE OR NOT , THAT IS CAPABLE OF BEING18
	67	+	REMOVED FROM THE GREENHOUSE AND IS USED IN DIRECT CONNECTION19
	68	+	WITH THE OPERATION OF A GREENHOUSE , WHICH GREENHOUSE IS USED20
	69	+	SOLELY FOR PLANTING OR GROWING CROPS IN A RAW OR UNPROCESSED21
	70	+	STATE, AND THE SOLE PURPOSE OF GROWING CROPS IN THE GREENHOUSE22
	71	+	1003-2- IS TO OBTAIN A MONETARY PROFIT FROM THE WHOLESALE OF1
	72	+	PLANT-BASED FOOD FOR HUMAN OR LIVESTOCK CONSUMPTION .2
	73	+	SECTION 2. In Colorado Revised Statutes, 39-3-122, amend (2)3
	74	+	as follows:4
	75	+	39-3-122. Agricultural equipment used in production of5
	76	+	agricultural products - CEA facilities - exemption - definition. (2) On6
	77	+	and after January 1, 2023, but prior to January 1, 2028, agricultural7
	78	+	equipment that is used in any CEA facility OR GREENHOUSE is exempt8
	79	+	from the levy and collection of property tax.9
	80	+	10
	81	+	SECTION 3. Act subject to petition - effective date. This act11
	82	+	takes effect at 12:01 a.m. on the day following the expiration of the12
	83	+	ninety-day period after final adjournment of the general assembly; except13
	84	+	that, if a referendum petition is filed pursuant to section 1 (3) of article V14
	85	+	of the state constitution against this act or an item, section, or part of this15
	86	+	act within such period, then the act, item, section, or part will not take16
	87	+	effect unless approved by the people at the general election to be held in17
	88	+	November 2026 and, in such case, will take effect on the date of the18
	89	+	official declaration of the vote thereon by the governor.19
	90	+	1003
	91	+	-3-