Senate Committee of Reference Report

Committee on Finance

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May 1, 2025

After consideration on the merits, the Committee recommends the following:

HB25-1296   be amended as follows, and as so amended, be referred to the Committee on Appropriations with favorable recommendation:

Page 1, Line 1Amend reengrossed bill, page 8, after line 18 insert:

Page 1, Line 2"SECTION 4.  In Colorado Revised Statutes, 39-1-104.2, amend

Page 1, Line 3(3)(s)(I) introductory portion as follows:

Page 1, Line 439-1-104.2.  Residential real property - valuation for

Page 1, Line 5assessment - legislative declaration - definitions. (3) (s) (I)  For

Page 1, Line 6property tax years commencing on or after January 1, 2025, but before

Page 1, Line 7January 1, 2027, if there are sufficient excess state revenues, the valuation

Page 1, Line 8for assessment for qualified-senior primary residence real property,

Page 1, Line 9including multi-family qualified-senior primary residence real property,

Page 1, Line 10is:".

Page 1, Line 11Renumber succeeding sections accordingly.

Page 1, Line 12Page 26, line 1, strike "5" and substitute "6".