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Legislative Year: 2019 Change
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Bill Detail: HB19-1141

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Title Preserve Senior And Disabled Veteran Property Tax Exemption
Status House Committee on State, Veterans, & Military Affairs Postpone Indefinitely (04/18/2019)
Bill Subjects
  • Fiscal Policy & Taxes
  • Local Government
  • State Revenue & Budget
House Sponsors S. Beckman (R)
Senate Sponsors
House Committee State, Veterans, and Military Affairs
Senate Committee
Date Introduced 01/28/2019
Description

The bill specifies that for property tax years commencing on or

after January 1, 2020, a senior is deemed to be a 10-year owner-occupier
of a primary residence that the senior has owned and occupied for less
than 10 years and therefore qualifies for the senior property tax exemption
for the residence if:
  • The senior would have qualified for the senior property tax
exemption for the senior's former primary residence but for
the fact that medical necessity required the senior to stop
occupying the former primary residence;
  • The senior has not previously received the exemption for a
former primary residence on the basis of medical necessity;
and
  • The senior has not owned and occupied another primary
residence since the senior first stopped occupying his or her
former primary residence due to medical necessity.
Medical necessity is defined as a medical condition of a senior that a
physician licensed to practice medicine in Colorado has certified, on a
form developed by the state property tax administrator, as having required
the senior to stop occupying the senior's prior primary residence. When
applying for such an exemption, a senior must provide to the assessor the
form establishing proof of medical necessity.
For any property tax year commencing on or after January 1, 2019,
the bill prohibits the general assembly from reducing or suspending the
exemption for qualifying seniors and disabled veterans by lowering the
maximum amount of actual value of residential real property that is the
primary residence of a qualifying senior or a qualifying disabled veteran
of which 50% is exempt from property taxation below $200,000 unless
the amount of general fund revenue for the state fiscal year that ended
during the prior property tax year is less than the amount of general fund
revenue for the next preceding state fiscal year. If the general assembly
lowers the amount of actual value of residential real property that is the
primary residence of a qualifying senior or a qualifying disabled veteran
of which 50% is exempt from property taxation for a property tax year
below $200,000 in accordance with the new limitation established by the
bill, that amount automatically increases to $200,000 for any subsequent
property tax year for which the amount of general fund revenue for the
state fiscal year that ended during the prior property tax year is equal to
or more than the amount of general fund revenue for the next preceding
state fiscal year.

Committee Reports
with Amendments
Full Text
Full Text of Bill (pdf) (most recent)
Fiscal Notes Fiscal Notes (05/15/2019) (most recent)  
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