Colorado 2025 Regular Session

Colorado Senate Bill SB259 Compare Versions

Version 1 (Old)

Version 2 (New)

Old	New		Differences
	1	+	First Regular Session
	2	+	Seventy-fifth General Assembly
	3	+	STATE OF COLORADO
	4	+	REVISED
	5	+	This Version Includes All Amendments Adopted
	6	+	on Second Reading in the Second House
	7	+	LLS NO. 25-0881.01 Megan McCall x4215
1	8		SENATE BILL 25-259
2		-	BY SENATOR(S) Bridges and Kirkmeyer, Amabile;
3		-	also REPRESENTATIVE(S) Bird and Taggart, Sirota.
	9	+	Senate Committees House Committees
	10	+	Appropriations Appropriations
	11	+	A BILL FOR AN ACT
4	12		C
5		-	ONCERNING THE ELIMINATION OF STATE PROPERTY TAX REIMBURSEMENT
6		-	FOR A TAXPAYER THAT OWES AD VALOREM PROPERTY TAX ON
7		-	PROPERTY THAT HAS BEEN DESTROYED BY A NATURAL CAUSE
8		-	.
9		-
10		-	Be it enacted by the General Assembly of the State of Colorado:
11		-	SECTION 1. In Colorado Revised Statutes, 39-1-123, amend (1)
12		-	and (2)(a)(II); and add (7) as follows:
13		-	39-1-123. Property tax reimbursement - property destroyed by
14		-	natural cause - repeal. (1) Eligibility. For property tax years commencing
15		-	on or after January 1, 2013,
16		-	BUT BEFORE JANUARY 1, 2025, real or business
17		-	personal property listed on a single schedule that was destroyed by a natural
18		-	cause as defined in section 39-1-102 (8.4), as determined by the county
19		-	assessor in the county in which the property is located, shall be
20		-	IS subject
21		-	to a reimbursement from the state in an amount equal to the property tax
22		-	liability applicable to the destroyed property in the property tax year in
23		-	which the natural cause occurred.
24		-	NOTE: This bill has been prepared for the signatures of the appropriate legislative
25		-	officers and the Governor. To determine whether the Governor has signed the bill
26		-	or taken other action on it, please consult the legislative status sheet, the legislative
27		-	history, or the Session Laws.
28		-	________
29		-	Capital letters or bold & italic numbers indicate new material added to existing law; dashes
30		-	through words or numbers indicate deletions from existing law and such material is not part of
31		-	the act. (2) Report of destroyed properties. (a) (II) For property tax years
32		-	commencing on or after January 1, 2014,
33		-	BUT BEFORE JANUARY 1, 2025, on
34		-	or before December 15 of the applicable property tax year, the assessor of
35		-	each county with property destroyed by a natural cause shall forward to the
36		-	applicable county treasurer a report of the taxable real or business personal
37		-	property in the county that was destroyed by a natural cause through
38		-	November of the year. The report must include the information specified in
39		-	paragraph (b) of this subsection (2)
40		-	SUBSECTION (2)(b) OF THIS SECTION.
	13	+	ONCERNING THE ELIMINATION OF STATE PROPERTY TAX101
	14	+	REIMBURSEMENT FOR A TAXPAYER THAT OWES AD VALOREM102
	15	+	PROPERTY TAX ON PROPERTY THAT HAS BEEN DESTROYED BY A103
	16	+	NATURAL CAUSE.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	+	Joint Budget Committee. Current law allows the owner of real
	25	+	or business personal property that was destroyed by a natural cause, as
	26	+	determined by the county assessor, to be reimbursed by the state in an
	27	+	HOUSE
	28	+	2nd Reading Unamended
	29	+	April 9, 2025
	30	+	SENATE
	31	+	3rd Reading Unamended
	32	+	April 3, 2025
	33	+	SENATE
	34	+	2nd Reading Unamended
	35	+	April 2, 2025
	36	+	SENATE SPONSORSHIP
	37	+	Bridges and Kirkmeyer, Amabile
	38	+	HOUSE SPONSORSHIP
	39	+	Bird and Taggart, Sirota
	40	+	Shading denotes HOUSE amendment. Double underlining denotes SENATE amendment.
	41	+	Capital letters or bold & italic numbers indicate new material to be added to existing law.
	42	+	Dashes through the words or numbers indicate deletions from existing law. amount equal to the amount of property tax levied on the destroyed
	43	+	property in the property tax year in which the natural cause destroyed the
	44	+	property (reimbursement program). Beginning with property tax year
	45	+	2025, the bill ends the reimbursement program.
	46	+	Be it enacted by the General Assembly of the State of Colorado:1
	47	+	SECTION 1. In Colorado Revised Statutes, 39-1-123, amend (1)2
	48	+	and (2)(a)(II); and add (7) as follows:3
	49	+	39-1-123. Property tax reimbursement - property destroyed4
	50	+	by natural cause - repeal. (1) Eligibility. For property tax years5
	51	+	commencing on or after January 1, 2013,
	52	+	BUT BEFORE JANUARY 1, 2025,6
	53	+	real or business personal property listed on a single schedule that was7
	54	+	destroyed by a natural cause as defined in section 39-1-102 (8.4), as8
	55	+	determined by the county assessor in the county in which the property is9
	56	+	located, shall be
	57	+	IS subject to a reimbursement from the state in an amount10
	58	+	equal to the property tax liability applicable to the destroyed property in11
	59	+	the property tax year in which the natural cause occurred.12
	60	+	(2) Report of destroyed properties. (a) (II) For property tax13
	61	+	years commencing on or after January 1, 2014,
	62	+	BUT BEFORE JANUARY 1,14
	63	+	2025, on or before December 15 of the applicable property tax year, the15
	64	+	assessor of each county with property destroyed by a natural cause shall16
	65	+	forward to the applicable county treasurer a report of the taxable real or17
	66	+	business personal property in the county that was destroyed by a natural18
	67	+	cause through November of the year. The report must include the19
	68	+	information specified in paragraph (b) of this subsection (2)
	69	+	SUBSECTION20
	70	+	(2)(b)
	71	+	OF THIS SECTION.21
41	72		(7) Repeal. T
42		-	HIS SECTION IS REPEALED, EFFECTIVE JULY 1, 2025.
43		-	SECTION 2. Safety clause. The general assembly finds,
44		-	determines, and declares that this act is necessary for the immediate
45		-	preservation of the public peace, health, or safety or for appropriations for
46		-	PAGE 2-SENATE BILL 25-259 the support and maintenance of the departments of the state and state
47		-	institutions.
48		-	____________________________ ____________________________
49		-	James Rashad Coleman, Sr.
50		-	Julie McCluskie
51		-	PRESIDENT OF SPEAKER OF THE HOUSE
52		-	THE SENATE OF REPRESENTATIVES
53		-	____________________________ ____________________________
54		-	Esther van Mourik Vanessa Reilly
55		-	SECRETARY OF CHIEF CLERK OF THE HOUSE
56		-	THE SENATE OF REPRESENTATIVES
57		-	APPROVED________________________________________
58		-	(Date and Time)
59		-	_________________________________________
60		-	Jared S. Polis
61		-	GOVERNOR OF THE STATE OF COLORADO
62		-	PAGE 3-SENATE BILL 25-259
	73	+	HIS SECTION IS REPEALED, EFFECTIVE JULY 1, 2025.22
	74	+	SECTION 2. Safety clause. The general assembly finds,23 259-2- determines, and declares that this act is necessary for the immediate1
	75	+	preservation of the public peace, health, or safety or for appropriations for2
	76	+	the support and maintenance of the departments of the state and state3
	77	+	institutions.4
	78	+	259
	79	+	-3-