House Committee of Reference Report
Committee on Appropriations
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May 1, 2025
After consideration on the merits, the Committee recommends the following:
SB25-026 be amended as follows, and as so amended, be referred to the Committee of the Whole with favorable recommendation:
Page 1, Line 1Amend reengrossed bill, page 4, line 18, strike "amend".
Page 1, Line 2Page 4, strike line 19 and substitute "add (19)(f.5)".
Page 1, Line 3Page 4, strike lines 23 through 27.
Page 1, Line 4Page 5, strike lines 1 through 4 and substitute:
Page 1, Line 5"(19) (f.5) "Wholesale sale" includes sales of agricultural
Page 1, Line 6compounds for use in the production of agricultural
Page 1, Line 7commodities. For purposes of this subsection (19)(f.5), for income
Page 1, Line 8tax years commencing on or after January 1, 2026, "agricultural
Page 1, Line 9compounds" means soil conditioners, plant amendments, plant
Page 1, Line 10growth regulators, mulches, compost, soil used for
Page 1, Line 11aboveground production of agricultural commodities, manure,
Page 1, Line 12fish for non-stocking purposes, fish embryos, and fish eggs.".
Page 1, Line 13Page 8, after line 25 insert:
Page 1, Line 14"SECTION 11. In Colorado Revised Statutes, 39-1-104.2, amend
Page 1, Line 15(3)(s)(I) introductory portion as follows:
Page 1, Line 1639-1-104.2. Residential real property - valuation for
Page 1, Line 17assessment - legislative declaration - definitions. (3) (s) (I) For
Page 1, Line 18property tax years commencing on or after January 1, 2025, but before
Page 1, Line 19January 1, 2027, if there are sufficient excess state revenues, the valuation
Page 1, Line 20for assessment for qualified-senior primary residence real property,
Page 1, Line 21including multi-family qualified-senior primary residence real property,
Page 1, Line 22is:".
Page 2, Line 1Renumber succeeding section accordingly.
Page 2, Line 2Page 8, before line 26 insert:
Page 2, Line 3"SECTION 12. Appropriation. (1) For the 2025-26 state fiscal
Page 2, Line 4year, $13,137 is appropriated to the department of revenue. This
Page 2, Line 5appropriation is from the general fund. To implement this act, the
Page 2, Line 6department may use this appropriation as follows:
Page 2, Line 7(a) $8,343 for tax administration IT system (GenTax) support;
Page 2, Line 8(b) $1,504 for used by the taxation business group for taxation
Page 2, Line 9services related to personal services; and
Page 2, Line 10(c) $3,290 for use by the executive director's office for personal
Page 2, Line 11services related to administration and support.".
Page 2, Line 12Renumber succeeding section accordingly.
Page 2, Line 13Strike "deduction" and substitute "subtraction" on: Page 5, line 27;
Page 2, Line 14and Page 6, lines 5, 7, 17, 22, and 24.
Page 2, Line 15Strike "deductions" and substitute "subtractions" on: Page 6, lines 8
Page 2, Line 16and 25.
Page 2, Line 17Page 1, line 101, strike "expenditures." and substitute "expenditures,
Page 2, Line 18and, in connection therewith, making an appropriation.".