First Regular Session
Seventy-fifth General Assembly
STATE OF COLORADO
REVISED
This Version Includes All Amendments Adopted
on Second Reading in the Second House
LLS NO. 25-0967.02 Jason Gelender x4330
SENATE BILL 25-261
Senate Committees House Committees
Appropriations Appropriations
A BILL FOR AN ACT
C
ONCERNING THE ADMINISTRATION OF THE PROPERTY TAX DEFERRAL101
PROGRAM, AND, IN CONNECTION THEREWITH, AUTHORIZING102
APPROPRIATIONS FROM SPECIFIED CASH FUNDS FOR THE 2025-26103
STATE FISCAL YEAR ONLY TO FUND SUCH ADMINISTRATION .104
Bill Summary
(Note: This summary applies to this bill as introduced and does
not reflect any amendments that may be subsequently adopted. If this bill
passes third reading in the house of introduction, a bill summary that
applies to the reengrossed version of this bill will be available at
http://leg.colorado.gov/
.)
Joint Budget Committee. The state has a property tax deferral
program (program) under which the state makes a secured loan to a
qualified taxpayer to pay property taxes owed for the taxpayer's
HOUSE
Amended 2nd Reading
April 9, 2025
SENATE
3rd Reading Unamended
April 3, 2025
SENATE
Amended 2nd Reading
April 2, 2025
SENATE SPONSORSHIP
Amabile and Kirkmeyer, Bridges, Rich
HOUSE SPONSORSHIP
Bird and Sirota, Taggart
Shading denotes HOUSE amendment. Double underlining denotes SENATE amendment.
Capital letters or bold & italic numbers indicate new material to be added to existing law.
Dashes through the words or numbers indicate deletions from existing law. homestead. The program was available only to seniors and persons called
into active military service until 2021, when the general assembly
expanded the program to also allow an otherwise nonqualifying taxpayer
whose property tax had increased by at least a specified percentage (new
qualified taxpayer) to participate. In 2022, the general assembly shifted
much of the responsibility for the administration of the program from the
county treasurers to the state treasurer.
The bill reverses the 2022 shift of administrative responsibilities
for the program so that county treasurers will generally have the same
responsibilities for administering the program as they did prior to 2022.
The bill also specifies that a new qualified taxpayer may only claim
deferral of property taxes levied for a property tax year commencing on
or after January 1, 2025, if the board of county commissioners of the
county in which the taxpayer's homestead is located has, after receiving
input from the county treasurer of that county, adopted a resolution
requiring the county treasurer to accept applications for such deferral
claims.
Be it enacted by the General Assembly of the State of Colorado:1
SECTION 1. In Colorado Revised Statutes, 9-1.5-104.7, amend2
(3) introductory portion; and add (4) as follows:3
9-1.5-104.7. Damage prevention fund - repeal. (3) EXCEPT AS4
OTHERWISE PROVIDED IN SUBSECTION (4) OF THIS SECTION, only the safety5
commission may authorize expenditures from the fund. Subject to annual6
appropriation by the general assembly, the safety commission may use7
money deposited in the fund only to:8
(4) (a) FOR THE 2025-26 STATE FISCAL YEAR ONLY, THE GENERAL9
ASSEMBLY MAY APPROPRIATE MONEY FROM THE FUND TO THE10
DEPARTMENT OF TREASURY FOR USE BY THE ADMINISTRATION DIVISION11
FOR ADMINISTRATION OF THE STATE PROPERTY TAX DEFERRAL PROGRAM12
PURSUANT TO ARTICLE 3.5 OF TITLE 39.13
(b) THIS SUBSECTION (4) IS REPEALED, EFFECTIVE JULY 1, 2026.14
SECTION 2. In Colorado Revised Statutes, 18-22-103, amend15
(3); and add (5) as follows:16
261-2- 18-22-103. Source of revenues - allocation of money - repeal.1
(3) There is hereby created in the state treasury a youthful offender2
system surcharge fund which shall consist CONSISTS of moneys MONEY3
received by the state treasurer pursuant to paragraph (b) of subsection (2)4
SUBSECTION (2)(b) of this section. In accordance with section 24-36-114,5
C.R.S., all interest derived from the deposit and investment of this fund6
shall be credited to the general fund. Any moneys MONEY not7
appropriated by the general assembly shall remain REMAINS in the8
youthful offender system surcharge fund and shall not be transferred or9
revert to the general fund of the state at the end of any fiscal year. EXCEPT10
AS OTHERWISE PROVIDED IN SUBSECTION (5) OF THIS SECTION, all moneys11
MONEY in the fund shall be IS subject to annual appropriation by the12
general assembly to the department of corrections to cover the direct and13
indirect costs associated with the rehabilitation, education, and treatment14
of youthful offenders sentenced to a youthful offender system. 15
(5) (a) FOR THE 2025-26 STATE FISCAL YEAR ONLY, THE GENERAL16
ASSEMBLY MAY APPROPRIATE MONEY FROM THE YOUTHFUL OFFENDER17
SYSTEM SURCHARGE FUND TO THE DEPARTMENT OF TREASURY FOR USE BY18
THE ADMINISTRATION DIVISION FOR ADMINISTRATION OF THE STATE19
PROPERTY TAX DEFERRAL PROGRAM PURSUANT TO ARTICLE 3.5 OF TITLE20
39.21
(b) THIS SUBSECTION (5) IS REPEALED, EFFECTIVE JULY 1, 2026.22
SECTION 3. In Colorado Revised Statutes, 24-50-122, amend23
(2); and add (3) as follows:24
24-50-122. Opportunities for training - professional25
development center cash fund - creation - rules - repeal. (2) The26
executive director of the department of personnel shall establish any fees27
261
-3- necessary to pay for the direct and indirect costs of the training programs1
specified in subsection (1) of this section. All moneys MONEY collected2
shall be transmitted to the state treasurer, who shall credit the same to the3
professional development center cash fund, which fund is hereby created.4
EXCEPT AS OTHERWISE PROVIDED IN SUBSECTION (3) OF THIS SECTION, the5
moneys MONEY in the fund shall be IS subject to annual appropriation by6
the general assembly for the direct and indirect costs of establishing and7
maintaining the training programs specified in subsection (1) of this8
section. All interest derived from the deposit and investment of moneys9
MONEY in the fund shall be credited to the fund. Any unexpended and10
unencumbered moneys MONEY remaining in the fund at the end of a fiscal11
year shall remain REMAINS in the fund and shall not be credited or12
transferred to the general fund or any other fund.13
(3) (a) FOR THE 2025-26 STATE FISCAL YEAR ONLY, THE GENERAL14
ASSEMBLY MAY APPROPRIATE MONEY FROM THE PROFESSIONAL15
DEVELOPMENT CENTER CASH FUND TO THE DEPARTMENT OF TREASURY16
FOR USE BY THE ADMINISTRATION DIVISION FOR ADMINISTRATION OF THE17
STATE PROPERTY TAX DEFERRAL PROGRAM PURSUANT TO ARTICLE 3.5 OF18
TITLE 39.19
(b) THIS SUBSECTION (3) IS REPEALED, EFFECTIVE JULY 1, 2026.20
SECTION 4. In Colorado Revised Statutes, 25-4-1708, amend21
(1)(a) introductory portion; and add (5) as follows:22
25-4-1708. Fund created - repeal. (1) (a) There is hereby23
established in the state treasury a fund to be known as The immunization24
fund IS CREATED IN THE STATE TREASURY, which fund is, EXCEPT AS25
OTHERWISE PROVIDED IN SUBSECTION (5) OF THIS SECTION, subject to26
annual appropriation by the general assembly to the department of public27
261
-4- health and environment for the purposes of:1
(5) (a) FOR THE 2025-26 STATE FISCAL YEAR ONLY, THE GENERAL2
ASSEMBLY MAY APPROPRIATE MONEY FROM THE IMMUNIZATION FUND TO3
THE DEPARTMENT OF TREASURY FOR USE BY THE ADMINISTRATION4
DIVISION FOR ADMINISTRATION OF THE STATE PROPERTY TAX DEFERRAL5
PROGRAM PURSUANT TO ARTICLE 3.5 OF TITLE 39.6
(b) THIS SUBSECTION (5) IS REPEALED, EFFECTIVE JULY 1, 2026.7
SECTION 5. In Colorado Revised Statutes, 25.5-10-305.5, add8
(4) as follows:9
25.5-10-305.5. Family support services fund - creation - repeal.10
(4) (a) FOR THE 2025-26 STATE FISCAL YEAR ONLY, THE GENERAL11
ASSEMBLY MAY APPROPRIATE MONEY FROM THE FUND TO THE12
DEPARTMENT OF TREASURY FOR USE BY THE ADMINISTRATION DIVISION13
FOR ADMINISTRATION OF THE STATE PROPERTY TAX DEFERRAL PROGRAM14
PURSUANT TO ARTICLE 3.5 OF TITLE 39.15
(b) THIS SUBSECTION (4) IS REPEALED, EFFECTIVE JULY 1, 2026.16
SECTION 6. In Colorado Revised Statutes, amend 28-3-107 as17
follows:18
28-3-107. Department of military and veterans affairs fund -19
creation - repeal. (1) Any gifts, grants, and donations accepted by the20
adjutant general pursuant to section 28-3-106 (1)(x) shall be transmitted21
to the state treasurer, who shall credit the same to the department of22
military and veterans affairs fund, which fund is hereby created and23
referred to in this section as the "fund". The moneys MONEY in the fund24
shall be invested by the state treasurer as provided in sections 24-36-109,25
24-36-112, and 24-36-113. C.R.S. Any unexpended and unencumbered26
moneys MONEY remaining in the fund at the end of any fiscal year shall27
261
-5- remain in the fund and shall not revert or be credited or transferred to the1
general fund or be transferred to any other fund. Any interest or income2
derived from the deposit and investment of moneys MONEY in the fund3
shall remain REMAINS in the fund and shall not be credited to the general4
fund. EXCEPT AS OTHERWISE PROVIDED IN SUBSECTION (2) OF THIS5
SECTION, moneys MONEY in the fund shall be IS continuously appropriated6
to the department for use by the adjutant general to carry out the functions7
and duties set forth in this title TITLE 28.8
(2) (a) FOR THE 2025-26 STATE FISCAL YEAR ONLY, THE GENERAL9
ASSEMBLY MAY APPROPRIATE MONEY FROM THE FUND TO THE10
DEPARTMENT OF TREASURY FOR USE BY THE ADMINISTRATION DIVISION11
FOR ADMINISTRATION OF THE STATE PROPERTY TAX DEFERRAL PROGRAM12
PURSUANT TO ARTICLE 3.5 OF TITLE 39.13
(b) THIS SUBSECTION (2) IS REPEALED, EFFECTIVE JULY 1, 2026.14
SECTION 7. In Colorado Revised Statutes, 37-60-122.8, amend15
(1); and add (4) as follows:16
37-60-122.8. Publications fund - repeal. (1) There is hereby17
created in the state treasury the publications fund. The fund shall consist18
of moneys CONSISTS OF MONEY paid to the board from persons outside the19
board for copies of public records or publications provided by the board.20
The moneys MONEY in the fund may be expended by the board to pay for21
the cost of providing copies of public records or publications to persons22
outside the board. EXCEPT AS OTHERWISE PROVIDED IN SUBSECTION (4) OF23
THIS SECTION, the moneys MONEY in the fund are hereby IS continuously24
appropriated to the board for the purposes established in this section.25
(4) (a) FOR THE 2025-26 STATE FISCAL YEAR ONLY, THE GENERAL26
ASSEMBLY MAY APPROPRIATE MONEY FROM THE PUBLICATIONS FUND TO27
261
-6- THE DEPARTMENT OF TREASURY FOR USE BY THE ADMINISTRATION1
DIVISION FOR ADMINISTRATION OF THE STATE PROPERTY TAX DEFERRAL2
PROGRAM PURSUANT TO ARTICLE 3.5 OF TITLE 39.3
(b) THIS SUBSECTION (4) IS REPEALED, EFFECTIVE JULY 1, 2026.4
SECTION 8. In Colorado Revised Statutes, amend 38-25.5-1055
as follows:6
38-25.5-105. Department of revenue fees - repeal. (1) Except7
as provided in section 38-25.5-103.5, fees collected by the department of8
revenue pursuant to this article ARTICLE 25.5 shall be deposited in the9
state treasury in the tax lien certification fund which FUND is hereby10
CREATED IN THE STATE TREASURY. EXCEPT AS OTHERWISE PROVIDED IN11
SUBSECTION (2) OF THIS SECTION, moneys MONEY so deposited and all12
interest earned on such moneys MONEY shall be used by the department13
of revenue for the purposes of this article ARTICLE 25.5 in accordance14
with the annual appropriation by the general assembly and shall not be15
deposited in or transferred to the general fund; except that moneys MONEY16
in excess of the maximum reserve, as defined in section 24-75-40217
(2)(e.5), C.R.S., that remain in the fund at the end of any state fiscal year18
commencing on or after July 1, 2000, shall be transferred to the general19
fund.20
(2) (a) FOR THE 2025-26 STATE FISCAL YEAR ONLY, THE GENERAL21
ASSEMBLY MAY APPROPRIATE MONEY FROM THE TAX LIEN CERTIFICATION22
FUND TO THE DEPARTMENT OF TREASURY FOR USE BY THE23
ADMINISTRATION DIVISION FOR ADMINISTRATION OF THE STATE PROPERTY24
TAX DEFERRAL PROGRAM PURSUANT TO ARTICLE 3.5 OF TITLE 39.25
(b) THIS SUBSECTION (2) IS REPEALED, EFFECTIVE JULY 1, 2026.26
SECTION 9. In Colorado Revised Statutes, 39-28-102.5, amend27
261
-7- (1); and add (3) as follows:1
39-28-102.5. Licensing of wholesale subcontractors - rules -2
fines - repeal. (1) It is unlawful for any wholesale subcontractor to sell3
or offer for sale cigarettes to a retailer in this state without first obtaining4
a license therefor, granted and issued by the department, which license5
shall be in effect until June 30 following the date of issue, unless sooner6
revoked. Such licenses shall be granted only to such wholesale7
subcontractors who own or operate the places from which such sales are8
to be made, and, in case sales are made from two or more separate places9
by any such wholesale subcontractor, a separate license for each place of10
business shall be required. No license shall be issued to a wholesale11
subcontractor unless the wholesale subcontractor has a current license12
issued pursuant to section 39-26-103. Such licenses shall be renewed only13
upon timely application and payment of the required fee prior to14
expiration. Such licenses may be transferred in the discretion of and15
pursuant to rules adopted by the department. The license fee shall be ten16
dollars per year, and such license fees shall be credited to the wholesale17
and distributing subcontractor license fund, which is hereby created in the18
state treasury. EXCEPT AS OTHERWISE PROVIDED IN SUBSECTION (3) OF19
THIS SECTION, all moneys MONEY in the fund shall be IS subject to annual20
appropriation by the general assembly to the department for costs incurred21
in administering this section and section 39-28.5-104.5. Such license fees22
shall be reduced at the rate of two dollars and fifty cents for each expired23
quarter of the license year. The department shall, on reasonable notice and24
after a hearing, suspend or revoke the license of any wholesale25
subcontractor violating any provision of this article ARTICLE 28, and no26
license shall be issued to such wholesale subcontractor within a period of27
261
-8- two years thereafter. The department may share information on the names1
and addresses of persons who purchased cigarettes from a wholesale2
subcontractor for resale with the department of public health and3
environment and county and district public health agencies. The4
department shall refuse to issue a new or renewal wholesale subcontractor5
license and shall revoke a wholesale subcontractor's license, if the6
wholesaler owes the state any delinquent taxes administered by the7
department or interest thereon pursuant to this title TITLE 39 that have8
been determined by law to be due and unpaid, unless the wholesaler has9
entered into an agreement approved by the department to pay the amount10
due.11
(3) (a) FOR THE 2025-26 STATE FISCAL YEAR ONLY, THE GENERAL12
ASSEMBLY MAY APPROPRIATE MONEY FROM THE WHOLESALE AND13
DISTRIBUTING SUBCONTRACTOR LICENSE FUND TO THE DEPARTMENT OF14
TREASURY FOR USE BY THE ADMINISTRATION DIVISION FOR15
ADMINISTRATION OF THE STATE PROPERTY TAX DEFERRAL PROGRAM16
PURSUANT TO ARTICLE 3.5 OF THIS TITLE 39.17
(b) THIS SUBSECTION (3) IS REPEALED, EFFECTIVE JULY 1, 2026.18
SECTION 10. In Colorado Revised Statutes, amend 40-10.1-50919
as follows:20
40-10.1-509. Outreach - fund - repeal. (1) The moving outreach21
fund is hereby created in the state treasury. The fund consists of one-half22
the penalties collected from movers and credited to the fund under section23
40-7-112. EXCEPT AS OTHERWISE PROVIDED IN SUBSECTION (2) OF THIS24
SECTION, the commission shall use the fund to educate consumers about25
their rights and the responsibilities of movers under this part 5. This26
outreach includes public service announcements about the licensing of27
261
-9- movers. The moneys MONEY in the fund and any interest earned on1
moneys MONEY in the fund remain REMAINS in the fund and do DOES not2
revert to the general fund at the end of any fiscal year.3
(2) (a) FOR THE 2025-26 STATE FISCAL YEAR ONLY, THE GENERAL4
ASSEMBLY MAY APPROPRIATE MONEY FROM THE MOVING OUTREACH FUND5
TO THE DEPARTMENT OF TREASURY FOR USE BY THE ADMINISTRATION6
DIVISION FOR ADMINISTRATION OF THE STATE PROPERTY TAX DEFERRAL7
PROGRAM PURSUANT TO ARTICLE 3.5 OF TITLE 39.8
(b) THIS SUBSECTION (2) IS REPEALED, EFFECTIVE JULY 1, 2026.9
SECTION 11. In Colorado Revised Statutes, amend 42-1-226 as10
follows:11
42-1-226. Disabled parking education and enforcement fund12
- created - repeal. There is hereby created in the state treasury The13
disabled parking education and enforcement fund IS CREATED IN THE14
STATE TREASURY, which FUND consists of money collected pursuant to15
this section and section 42-4-1208 (6) and (7). EXCEPT AS OTHERWISE16
PROVIDED IN SUBSECTION (2) OF THIS SECTION, the general assembly shall17
appropriate the money in the fund for the purposes specified in sections18
42-1-227, 42-3-204, and 42-4-1208. Unexpended and unencumbered19
money in the fund at the end of a fiscal year remains in the fund and shall20
not be credited or transferred to the general fund or another fund. The21
department may accept gifts, grants, or donations from private or public22
sources for the purposes of this section. All private and public money23
received through gifts, grants, or donations must be transmitted to the24
state treasurer, who shall credit the money to the fund.25
(2) (a) FOR THE 2025-26 STATE FISCAL YEAR ONLY, THE GENERAL26
ASSEMBLY MAY APPROPRIATE MONEY FROM THE DISABLED PARKING27
261
-10- EDUCATION AND ENFORCEMENT FUND TO THE DEPARTMENT OF TREASURY1
FOR USE BY THE ADMINISTRATION DIVISION FOR ADMINISTRATION OF THE2
STATE PROPERTY TAX DEFERRAL PROGRAM PURSUANT TO ARTICLE 3.5 OF3
TITLE 39.4
(b) THIS SUBSECTION (2) IS REPEALED, EFFECTIVE JULY 1, 2026.5
SECTION 12. Appropriation. (1) For the 2025-26 state fiscal6
year, $721,716 is appropriated to the department of treasury for use by the7
administration division for administration of the state property tax8
deferral program pursuant to article 3.5 of title 39, C.R.S. This9
appropriation consists of:10
(a) $175,058 from the damage prevention fund created in section11
9-1.5-104.7, C.R.S.;12
(b) $121,389 from the disabled parking education and13
enforcement fund created in section 42-1-226, C.R.S.;14
(c) $118,741 from the professional development center cash fund15
created in section 24-50-122, C.R.S.;16
(d) $85,901 from the tax lien certification fund created in section17
38-25.5-105, C.R.S.;18
(e) $83,839 from the dispute resolution fund created in section19
13-22-310, C.R.S.;20
(f) $83,354 from the family support services fund created in21
section 25.5-10-305.5, C.R.S.;22
(g) $21,278 from the immunization fund created in section23
25-4-1708, C.R.S.;24
(h) $9,648 from the publications fund created in section25
37-60-122.8, C.R.S.;26
(i) $6,784 from the youthful offender system surcharge fund27
261
-11- created in section 18-22-103, C.R.S.;1
(j) $5,963 from the moving outreach fund created in section2
40-10.1-509, C.R.S.;3
(k) $5,348 from the department of military and veterans affairs4
fund created in section 28-3-107, C.R.S.; and5
(l) $4,413 from the wholesale and distributing subcontractor6
license fund created in section 39-28-102.5, C.R.S.7
(2) To implement this act, the division may use this appropriation8
as follows:9
(a) $600,000 for a contract with a third party for program10
administration as authorized by section 39-3.5-103.5 (2), C.R.S.;11
(b) $99,360 for temporary employees to support a call center and12
field calls, which amount is based on an assumption that the division will13
require an additional 4.0 FTE in January and February 2026, an additional14
3.0 FTE in March and April 2026, and an additional 1.0 FTE in May15
2026; and16
(c) $22,356 for other operating and administrative expenses.17
SECTION 13. Safety clause. The general assembly finds,18
determines, and declares that this act is necessary for the immediate19
preservation of the public peace, health, or safety or for appropriations for20
the support and maintenance of the departments of the state and state21
institutions.22
261
-12-