A Bill for an Act
Page 1, Line 101Concerning authorization for a local government to impose
Page 1, Line 102taxes on vacant residential properties, and, in
Page 1, Line 103connection therewith, allowing a local government
Page 1, Line 104to levy an excise tax based on the characteristics of a
Page 1, Line 105residential property, allowing a local government to
Page 1, Line 106create a new property tax classification for vacant
Page 1, Line 107residential properties and levy an additional property
Page 1, Line 108tax on those properties, and allowing local
Page 1, Line 109governments to contract to form a local housing tax
Page 1, Line 110authority.
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.)
The bill authorizes a county or municipality (local government), after approval by the electors of the local government, to impose an excise or a property tax, or both, on vacant residential properties within the boundaries of the local government (local taxes on vacant residential properties) (sections 1 and 3 of the bill). A local government may use the revenues collected from either tax only for affordable, attainable, or workforce housing. A county assessor has no duty in implementing local taxes on vacant residential properties, but in an assessor's discretion, the assessor may assist by providing data and information to a local government or local housing tax authority, and may enter into an intergovernmental agreement that provides for compensation in exchange for the assessor's assistance.
The bill also creates a process for the creation of a local housing tax authority (authority) by intergovernmental agreement to allow 2 or more counties, cities and counties, or municipalities to form a joint taxing authority to collectively establish, levy, collect, and enforce local taxes on vacant residential properties within the boundaries of the authority (section 2).
Page 2, Line 1Be it enacted by the General Assembly of the State of Colorado:
Page 2, Line 2SECTION 1. In Colorado Revised Statutes, add 29-2-117 as
Page 2, Line 3follows:
Page 2, Line 429-2-117. Authority to levy excise tax on vacant residential
Page 2, Line 5units - county - municipality - election - definitions.
Page 2, Line 6(1) As used in this section, unless the context otherwise
Page 2, Line 7requires:
Page 2, Line 8(a) "Short-term rental unit" means a building that:
Page 2, Line 9(I) Is licensed as a short-term rental unit within the
Page 2, Line 10county, municipality, or local housing tax authority imposing a
Page 2, Line 11tax pursuant to this section; or
Page 2, Line 12(II) (A) Is designed for use predominantly as a place of
Page 3, Line 1residency by a person, a family, or families; and
Page 3, Line 2(B) Is available to be leased for one or more short-term
Page 3, Line 3stays.
Page 3, Line 4(b) "Short-term stay" means overnight lodging that is
Page 3, Line 5provided to an individual or business for less than thirty
Page 3, Line 6consecutive days in exchange for monetary payment.
Page 3, Line 7(c) "Vacant residential unit" means a building that:
Page 3, Line 8(I) Is designed for use predominantly as a place of
Page 3, Line 9residency by a person, a family, or families;
Page 3, Line 10(II) Is unoccupied and not used as a residence for a
Page 3, Line 11specified amount of time, as determined by the county,
Page 3, Line 12municipality, or local housing tax authority imposing a tax
Page 3, Line 13pursuant to this section; and
Page 3, Line 14(III) Is not a short-term rental unit.
Page 3, Line 15(2) (a) Each county in the state is authorized to levy,
Page 3, Line 16collect, and enforce a county excise tax on all vacant
Page 3, Line 17residential units within the county, or any subset thereof, as
Page 3, Line 18provided in this subsection (2); except that a county is not
Page 3, Line 19authorized to levy, collect, and enforce a county excise tax
Page 3, Line 20pursuant to this subsection (2) within a municipality unless an
Page 3, Line 21agreement exists between the county and municipality to impose
Page 3, Line 22the tax within the municipal boundaries. A county is authorized
Page 3, Line 23to levy, collect, and enforce an excise tax pursuant to this
Page 3, Line 24subsection (2) in unincorporated areas of the county. A county
Page 3, Line 25is authorized to levy, collect, and enforce an excise tax
Page 3, Line 26pursuant to this subsection (2) as a flat rate on all vacant
Page 3, Line 27residential units within the county, or any subset thereof, or
Page 4, Line 1based on the unit type, number of bedrooms, or square footage
Page 4, Line 2of the unit.
Page 4, Line 3(b) A county shall not levy an excise tax pursuant to the
Page 4, Line 4provisions of subsection (2)(a) of this section until the proposal
Page 4, Line 5has been referred to and approved by the eligible electors of
Page 4, Line 6the county in accordance with the requirements of article X,
Page 4, Line 7section 20 of the state constitution. The adoption procedures
Page 4, Line 8for a countywide sales tax, use tax, or both, as specified in this
Page 4, Line 9article 2, apply to the referral and approval of an excise tax
Page 4, Line 10pursuant to this subsection (2). A proposal for a county excise
Page 4, Line 11tax pursuant to subsection (2)(a) of this section must contain a
Page 4, Line 12description of the proposed tax, must state the amount to be
Page 4, Line 13imposed, and must describe the area within the county in which
Page 4, Line 14the tax will be imposed.
Page 4, Line 15(3) (a) Each municipality in the state is authorized to levy,
Page 4, Line 16collect, and enforce a municipal excise tax on all vacant
Page 4, Line 17residential units within the municipality, or any subset thereof,
Page 4, Line 18as provided in this subsection (3). A municipality is authorized to
Page 4, Line 19levy, collect, and enforce an excise tax pursuant to this
Page 4, Line 20subsection (3) as a flat rate on all vacant residential units
Page 4, Line 21within the municipality, or any subset thereof, or based on the
Page 4, Line 22unit type, number of bedrooms, or square footage of the unit.
Page 4, Line 23(b) A municipality shall not levy an excise tax pursuant
Page 4, Line 24to the provisions of subsection (3)(a) of this section until the
Page 4, Line 25proposal has been referred to and approved by the eligible
Page 4, Line 26electors of the municipality in accordance with the
Page 4, Line 27requirements of article X, section 20 of the state constitution.
Page 5, Line 1A proposal for a municipal excise tax pursuant to subsection
Page 5, Line 2(3)(a) of this section must contain a description of the proposed
Page 5, Line 3tax and the amount to be imposed.
Page 5, Line 4(4) The department of revenue shall not collect,
Page 5, Line 5administer, or enforce an excise tax imposed by a county or
Page 5, Line 6municipality pursuant to this section and, instead, the county or
Page 5, Line 7municipality imposing the tax shall collect, administer, and
Page 5, Line 8enforce the excise tax. A municipality may collect, administer,
Page 5, Line 9and enforce the excise tax according to part 1 of article 20 of
Page 5, Line 10title 31, including certifying delinquent charges, assessments,
Page 5, Line 11or taxes to the treasurer of the county pursuant to section
Page 5, Line 1231-20-105.
Page 5, Line 13(5) One or more counties or municipalities may form a
Page 5, Line 14local housing tax authority pursuant to part 13 of article 4 of
Page 5, Line 15this title 29 to collaborate on a coordinated election to
Page 5, Line 16approve the levy of an excise tax pursuant to this section and on
Page 5, Line 17the collection, administration, and enforcement of an approved
Page 5, Line 18tax.
Page 5, Line 19(6) (a) A county or municipality in which the eligible
Page 5, Line 20electors have approved the levy of an excise tax pursuant to
Page 5, Line 21this section may credit the revenues collected from the tax to
Page 5, Line 22the general fund of the county or municipality or to any special
Page 5, Line 23fund created in the county's or municipality's treasury.
Page 5, Line 24(b) A county or municipality may use the revenues
Page 5, Line 25collected from an excise tax imposed pursuant to this section
Page 5, Line 26only for affordable, attainable, or workforce housing, as
Page 5, Line 27defined by the county or municipality. To the extent that a
Page 6, Line 1county or municipality is required to conduct a housing needs
Page 6, Line 2assessment pursuant to part 37 of article 32 of title 24, the
Page 6, Line 3revenues collected from the tax must be used to support a
Page 6, Line 4demonstrated need identified in the county's or municipality's
Page 6, Line 5most recent housing needs assessment.
Page 6, Line 6(7) A county assessor has no duty in implementing a tax
Page 6, Line 7assessed and levied by a county or municipality pursuant to this
Page 6, Line 8section. In an assessor's discretion, the assessor may assist by
Page 6, Line 9providing data and information to a county, municipality, or
Page 6, Line 10local housing tax authority, and may enter into an
Page 6, Line 11intergovernmental agreement that provides for compensation
Page 6, Line 12in exchange for the assessor's assistance.
Page 6, Line 13(8) Nothing in this section should be construed to limit
Page 6, Line 14the powers of home rule municipalities organized under the
Page 6, Line 15provisions of article XX of the state constitution.
Page 6, Line 16SECTION 2. In Colorado Revised Statutes, add part 13 to article
Page 6, Line 174 of title 29 as follows:
Page 6, Line 18PART 13
Page 6, Line 19LOCAL HOUSING TAX AUTHORITIES
Page 6, Line 2029-4-1301. Definitions.
Page 6, Line 21As used in this part 13, unless the context otherwise
Page 6, Line 22requires:
Page 6, Line 23(1) "Governing body" means the board of county
Page 6, Line 24commissioners of a county or the city council of a city, the
Page 6, Line 25board of trustees of a town, or any other body by whatever
Page 6, Line 26name known that is given lawful authority to adopt ordinances
Page 6, Line 27for a specific municipality.
Page 7, Line 1(2) "Local government" means any county, city and
Page 7, Line 2county, or municipality.
Page 7, Line 3(3) "Local housing tax authority" or "authority" means
Page 7, Line 4a corporate body organized pursuant to this part 13.
Page 7, Line 529-4-1302. Local housing tax authority - formation - powers
Page 7, Line 6and purpose - intergovernmental agreement.
Page 7, Line 7(1) (a) The governing body of two or more local
Page 7, Line 8governments that share territory or have contiguous
Page 7, Line 9boundaries may enter into an intergovernmental agreement to
Page 7, Line 10create an authority that is authorized to exercise the functions
Page 7, Line 11conferred by the provisions of this part 13.
Page 7, Line 12(b) The purpose of this part 13 is to allow two or more
Page 7, Line 13local governments to form a joint taxing authority to
Page 7, Line 14collectively establish, levy, collect, and enforce taxes on
Page 7, Line 15vacant residential property, as provided in sections 29-2-117 and
Page 7, Line 1639-1-104.8, within the boundaries of an authority.
Page 7, Line 17(c) A local government shall not enter into an
Page 7, Line 18intergovernmental agreement to create an authority without
Page 7, Line 19holding at least two public hearings thereon, in addition to
Page 7, Line 20other requirements imposed by law for public notice. The local
Page 7, Line 21government shall give notice of the time, place, and purpose of
Page 7, Line 22the public hearing by publication in a newspaper of general
Page 7, Line 23circulation in the local government or on a publicly accessible
Page 7, Line 24website at least ten days prior to the date of the public hearing.
Page 7, Line 25(2) An intergovernmental agreement that creates an
Page 7, Line 26authority must include:
Page 7, Line 27(a) The name and purpose of the authority;
Page 8, Line 1(b) Provisions for the levy, collection, enforcement, and
Page 8, Line 2apportionment of revenue of an excise or property tax
Page 8, Line 3authorized pursuant to this section;
Page 8, Line 4(c) The establishment and organization of a board of
Page 8, Line 5directors in which all legislative power of the authority is
Page 8, Line 6vested, including:
Page 8, Line 7(I) The number of directors;
Page 8, Line 8(II) The manner of the election or appointment, the
Page 8, Line 9qualifications, and the compensation, if any, of the directors
Page 8, Line 10and the procedure for filling vacancies;
Page 8, Line 11(III) The officers of the district, the manner of their
Page 8, Line 12appointment, and their duties; and
Page 8, Line 13(IV) The voting requirements for action by the board;
Page 8, Line 14except that, unless specifically provided otherwise in the
Page 8, Line 15intergovernmental agreement, a majority of the directors of
Page 8, Line 16the board constitutes a quorum and is necessary for action by
Page 8, Line 17the board;
Page 8, Line 18(d) The boundaries of the authority, which may not
Page 8, Line 19include:
Page 8, Line 20(I) Territory within the boundaries of a municipality that
Page 8, Line 21is not a member of the local governments forming the authority,
Page 8, Line 22as the boundaries of the municipality exist on the date the
Page 8, Line 23authority is created, without the consent of the governing body
Page 8, Line 24of the municipality; or
Page 8, Line 25(II) Territory within the unincorporated boundaries of a
Page 8, Line 26county that is not a member of the local governments forming
Page 8, Line 27the authority, as the unincorporated boundaries of the county
Page 9, Line 1exist on the date the authority is created, without the consent
Page 9, Line 2of the governing body of the county;
Page 9, Line 3(e) The conditions for adding or removing a local
Page 9, Line 4government party to the intergovernmental agreement;
Page 9, Line 5(f) The term of the authority, which may be for a definite
Page 9, Line 6term or until dissolved, and the method, if any, by which it may
Page 9, Line 7be dissolved;
Page 9, Line 8(g) Provisions for amendment of the intergovernmental
Page 9, Line 9agreement; and
Page 9, Line 10(h) The limitations, if any, on the powers granted by this
Page 9, Line 11section that may be exercised by the authority.
Page 9, Line 12(3) An authority created pursuant to this part 13 is a
Page 9, Line 13separate legal entity and has the powers described in sections
Page 9, Line 1429-1-203 and 29-1-203.5 and all the powers necessary or
Page 9, Line 15convenient to carry out and effectuate the purposes of this part
Page 9, Line 1613, including the power to:
Page 9, Line 17(a) Sue and to be sued;
Page 9, Line 18(b) Adopt and alter a seal;
Page 9, Line 19(c) Have perpetual succession;
Page 9, Line 20(d) Make, and from time to time amend and repeal, bylaws,
Page 9, Line 21orders, rules, and regulations to effectuate the provisions of
Page 9, Line 22this part 13;
Page 9, Line 23(e) Make loans, which may be secured by loan and security
Page 9, Line 24agreements, leases, or any other instruments upon the terms
Page 9, Line 25and conditions determined by the board of directors of the
Page 9, Line 26authority;
Page 9, Line 27(f) Issue bonds, notes, or other financial obligations
Page 10, Line 1payable solely from revenues or other available money of the
Page 10, Line 2authority. The terms, conditions, and details of the bonds,
Page 10, Line 3notes, or other financial obligations, as determined by the
Page 10, Line 4board of directors of the authority, must be set forth in the
Page 10, Line 5security agreement under which the bonds, notes, or other
Page 10, Line 6financial obligations are issued.
Page 10, Line 7(g) Coordinate an election to approve a local excise tax
Page 10, Line 8on vacant residential units, as provided in section 29-2-117,
Page 10, Line 9within the boundaries of the authority;
Page 10, Line 10(h) Levy, collect, and enforce a local excise tax on
Page 10, Line 11vacant residential units, as provided in section 29-2-117, within
Page 10, Line 12the boundaries of the authority according to the terms of an
Page 10, Line 13intergovernmental agreement among the member local
Page 10, Line 14governments;
Page 10, Line 15(i) Coordinate an election to approve a local ad valorem
Page 10, Line 16property tax on vacant residential property, as provided in
Page 10, Line 17section 39-1-104.8, within the boundaries of the authority;
Page 10, Line 18(j) Assess, levy, collect, and enforce a local ad valorem
Page 10, Line 19property tax on vacant residential property, as provided in
Page 10, Line 20section 39-1-104.8, within the boundaries of the authority
Page 10, Line 21according to the terms of an intergovernmental agreement
Page 10, Line 22among the member local governments;
Page 10, Line 23(k) Cause delinquent taxes made or levied by the
Page 10, Line 24authority to be certified to a treasurer of a county and be
Page 10, Line 25collected and paid over by the treasurer of the county in the
Page 10, Line 26manner provided for in the intergovernmental agreement; and
Page 10, Line 27(l) Make and execute any and all contracts,
Page 11, Line 1intergovernmental agreements, and other instruments that it
Page 11, Line 2may deem necessary or convenient to the exercise of its powers
Page 11, Line 3pursuant to this part 13.
Page 11, Line 4(4) Articles 10.5 and 47 of title 11 apply to the money of an
Page 11, Line 5authority.
Page 11, Line 6(5) (a) In the event that property within the boundaries of
Page 11, Line 7the authority must be excluded from the authority due to the
Page 11, Line 8property's annexation to a local government that is not a party
Page 11, Line 9to the intergovernmental agreement that formed the
Page 11, Line 10authority, the authority's board of directors shall create a
Page 11, Line 11plan to exclude that property from the boundaries of the
Page 11, Line 12authority. The board of directors shall include in the plan:
Page 11, Line 13(I) A description of the property to be excluded;
Page 11, Line 14(II) The effective date of the exclusion of the property;
Page 11, Line 15and
Page 11, Line 16(III) Any other conditions and obligations, on the
Page 11, Line 17authority or the local government that is not a party to the
Page 11, Line 18intergovernmental agreement that formed the authority, that
Page 11, Line 19are necessary to permit the exclusion of the property from the
Page 11, Line 20authority.
Page 11, Line 21(b) Property excluded from the boundaries of an
Page 11, Line 22authority pursuant to this subsection (5) is subject to the levy
Page 11, Line 23of taxes by the authority for the payment of the property's
Page 11, Line 24proportionate share of any indebtedness of the authority and
Page 11, Line 25the interest thereon that existed immediately prior to the
Page 11, Line 26effective date of the exclusion.
Page 11, Line 27(c) The change of boundaries of an authority caused by an
Page 12, Line 1exclusion of property pursuant to this subsection (5) does not
Page 12, Line 2impair or affect the authority's organization or any existing
Page 12, Line 3contract, obligation, lien, or charge.
Page 12, Line 4(6) An authority that coordinates an election as
Page 12, Line 5authorized by this section shall conduct the election in
Page 12, Line 6substantially the same manner as municipal or county elections,
Page 12, Line 7as appropriate, and in accordance with the provisions of section
Page 12, Line 820 of article X of the state constitution. The municipal or
Page 12, Line 9county clerk and recorder of each local government in which
Page 12, Line 10the election is conducted shall assist the authority in
Page 12, Line 11conducting the election.
Page 12, Line 12(7) Any public body, for the purpose of aiding an authority
Page 12, Line 13whose boundaries are situated in whole or in part within the
Page 12, Line 14area in which the public body is authorized to act, upon terms as
Page 12, Line 15the public body determines, may:
Page 12, Line 16(a) Do everything necessary to aid or cooperate with the
Page 12, Line 17authority in connection with the planning or undertaking of
Page 12, Line 18any activities in furtherance of the purposes of this part 13; and
Page 12, Line 19(b) Enter into agreements with the authority respecting
Page 12, Line 20action to be taken pursuant to any of the powers set forth in
Page 12, Line 21this part 13.
Page 12, Line 22SECTION 3. In Colorado Revised Statutes, add 39-1-104.8 as
Page 12, Line 23follows:
Page 12, Line 2439-1-104.8. Authority to levy and assess additional ad valorem
Page 12, Line 25tax on vacant residential real property - county - municipality -
Page 12, Line 26election - legislative declaration - definitions.
Page 12, Line 27(1) The general assembly finds and declares that a
Page 13, Line 1county or municipal ad valorem tax described in this section
Page 13, Line 2that is assessed and levied on real property classified as vacant
Page 13, Line 3residential property does not violate the uniformity clause of
Page 13, Line 4article X, section 3 (1)(a) of the state constitution because it is
Page 13, Line 5a reasonable classification based on the nature of the property
Page 13, Line 6and all properties within this class are uniformly taxed within
Page 13, Line 7the taxing jurisdiction, as described in Senior Corp. v. Board of
Page 13, Line 8Assessment Appeals, 702 P.2d 732, 738 (Colo. 1985), and Jensen v.
Page 13, Line 9Denver, 806 P.2d 381, 384 (Colo. 1991).
Page 13, Line 10(2) As used in this section, unless the context otherwise
Page 13, Line 11requires:
Page 13, Line 12(a) "Short-term rental property" means property that:
Page 13, Line 13(I) Is licensed as a short-term rental unit within the
Page 13, Line 14county, municipality, or local housing tax authority imposing a
Page 13, Line 15tax pursuant to this section; or
Page 13, Line 16(II) (A) Is designed for use predominantly as a place of
Page 13, Line 17residency by a person, a family, or families; and
Page 13, Line 18(B) Is available to be leased for one or more short-term
Page 13, Line 19stays.
Page 13, Line 20(b) "Short-term stay" means overnight lodging that is
Page 13, Line 21provided to an individual or business for less than thirty
Page 13, Line 22consecutive days in exchange for monetary payment.
Page 13, Line 23(c) "Vacant residential property" means property that:
Page 13, Line 24(I) Is designed for use predominantly as a place of
Page 13, Line 25residency by a person, a family, or families;
Page 13, Line 26(II) Is unoccupied and not used as a residence for a
Page 13, Line 27specified amount of time, as determined by the county,
Page 14, Line 1municipality, or local housing tax authority imposing a tax
Page 14, Line 2pursuant to this section; and
Page 14, Line 3(III) Is not short-term rental property.
Page 14, Line 4(3) (a) Each county in the state is authorized to assess,
Page 14, Line 5levy, collect, and enforce an ad valorem tax on residential
Page 14, Line 6real property that is classified by the county as vacant
Page 14, Line 7residential property. A tax authorized pursuant to this
Page 14, Line 8subsection (3) is in addition to any ad valorem tax assessed on
Page 14, Line 9residential real property in the county.
Page 14, Line 10(b) A county shall not assess or levy an ad valorem
Page 14, Line 11property tax pursuant to the provisions of subsection (3)(a) of
Page 14, Line 12this section until the proposal has been referred to and
Page 14, Line 13approved by the eligible electors of the county in accordance
Page 14, Line 14with the requirements of article X, section 20 of the state
Page 14, Line 15constitution.
Page 14, Line 16(4) (a) Each municipality in the state is authorized to
Page 14, Line 17assess, levy, collect, and enforce an ad valorem tax on
Page 14, Line 18residential real property that is classified by the municipality
Page 14, Line 19as vacant residential property. A tax authorized pursuant to
Page 14, Line 20this subsection (4) is in addition to any ad valorem tax assessed
Page 14, Line 21on residential real property in the municipality.
Page 14, Line 22(b) A municipality shall not assess or levy an ad valorem
Page 14, Line 23property tax pursuant to the provisions of subsection (4)(a) of
Page 14, Line 24this section until the proposal has been referred to and
Page 14, Line 25approved by the eligible electors of the municipality in
Page 14, Line 26accordance with the requirements of article X, section 20 of the
Page 14, Line 27state constitution.
Page 15, Line 1(5) (a) A county or municipality that assesses and imposes
Page 15, Line 2an ad valorem property tax pursuant to this section shall
Page 15, Line 3collect, administer, and enforce the tax. A municipality may
Page 15, Line 4collect, administer, and enforce the tax according to part 1 of
Page 15, Line 5article 20 of title 31, including certifying delinquent charges,
Page 15, Line 6assessments, or taxes to the treasurer of the county pursuant
Page 15, Line 7to section 31-20-105.
Page 15, Line 8(b) A county or municipality that assesses and imposes an
Page 15, Line 9ad valorem property tax pursuant to this section may establish
Page 15, Line 10guidelines for the classification of real property as vacant
Page 15, Line 11residential property.
Page 15, Line 12(6) One or more counties or municipalities may form a
Page 15, Line 13local housing tax authority pursuant to part 13 of article 4 of
Page 15, Line 14title 29 to collaborate on a coordinated election to approve the
Page 15, Line 15assessment and levy of an ad valorem property tax pursuant to
Page 15, Line 16this section and on the collection, administration, and
Page 15, Line 17enforcement of an approved tax.
Page 15, Line 18(7) (a) A county or municipality in which the eligible
Page 15, Line 19electors have approved the levy of an ad valorem property tax
Page 15, Line 20pursuant to this section may credit the revenues collected from
Page 15, Line 21the tax to the general fund of the county or municipality or to
Page 15, Line 22any special fund created in the county's or municipality's
Page 15, Line 23treasury.
Page 15, Line 24(b) A county or municipality may use the revenues
Page 15, Line 25collected from a tax imposed pursuant to this section only for
Page 15, Line 26affordable, attainable, or workforce housing, as defined by the
Page 15, Line 27county or municipality. To the extent that a county or
Page 16, Line 1municipality is required to conduct a housing needs assessment
Page 16, Line 2pursuant to part 37 of article 32 of title 24, the revenues
Page 16, Line 3collected from the tax must be used to support a demonstrated
Page 16, Line 4need identified in the county's or municipality's most recent
Page 16, Line 5housing needs assessment.
Page 16, Line 6(8) A county assessor has no duty in implementing a tax
Page 16, Line 7assessed and levied by a county or municipality pursuant to this
Page 16, Line 8section. In an assessor's discretion, the assessor may assist by
Page 16, Line 9providing data and information to a county, municipality, or
Page 16, Line 10local housing tax authority and may enter into an
Page 16, Line 11intergovernmental agreement that provides for compensation
Page 16, Line 12in exchange for the assessor's assistance.
Page 16, Line 13(9) Nothing in this section should be construed to limit
Page 16, Line 14the powers of home rule municipalities organized under the
Page 16, Line 15provisions of article XX of the state constitution.
Page 16, Line 16SECTION 4. Act subject to petition - effective date. This act
Page 16, Line 17takes effect at 12:01 a.m. on the day following the expiration of the
Page 16, Line 18ninety-day period after final adjournment of the general assembly (August
Page 16, Line 1912, 2026, if adjournment sine die is on May 13, 2026); except that, if a
Page 16, Line 20referendum petition is filed pursuant to section 1 (3) of article V of the
Page 16, Line 21state constitution against this act or an item, section, or part of this act
Page 16, Line 22within such period, then the act, item, section, or part will not take effect
Page 16, Line 23unless approved by the people at the general election to be held in
Page 16, Line 24November 2026 and, in such case, will take effect on the date of the
Page 16, Line 25official declaration of the vote thereon by the governor.