House Committee of Reference Report
Committee on Finance
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All text that will be removed from the bill will be indicated by strikethrough as follows:
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This is text that is removed from law. -
Text that is added to a bill will be indicated by either all capitals or bold & italic as follows:
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March 23, 2026
After consideration on the merits, the Committee recommends the following:
HB26-1206 be amended as follows, and as so amended, be referred to the Committee on Appropriations with favorable recommendation:
Page 1, Line 1Amend printed bill, page 5, after line 22 insert:
Page 1, Line 2"(a) The council consents to the levy of the sales tax,
Page 1, Line 3sales and use tax, or property tax;".
Page 1, Line 4Reletter succeeding paragraphs accordingly.
Page 1, Line 5Page 5, line 23, strike "city" and substitute "authority".
Page 1, Line 6Page 5, line 27, strike "people;" and substitute "people or businesses;".
Page 1, Line 7Page 6, line 12, strike "state;" and substitute "state, excluding the
Page 1, Line 8sale or use of cigarettes;
Page 1, Line 9(II) The authority shall apply the monthly tax collection
Page 1, Line 10distributions received from the department of revenue under
Page 1, Line 11section 29-2-207 solely to the planning, financing, acquisition,
Page 1, Line 12construction, reconstruction or repair, maintenance,
Page 1, Line 13management, or operation of housing projects or programs
Page 1, Line 14within the means of households of low or moderate income;”.
Page 1, Line 15Renumber succeeding subparagraphs accordingly.
Page 1, Line 16Page 6, lines 25 and 26, strike "county commissioners of the county
Page 1, Line 17in which the authority is located" and substitute "the authority".
Page 1, Line 18Page 7, after line 6 insert:
Page 1, Line 19"(IV) The authority has complied with the requirements of
Page 2, Line 1section 39-1-110 (1)(c);".
Page 2, Line 2Renumber succeeding subparagraphs accordingly.
Page 2, Line 3Page 8, strike lines 17 and 18 and substitute "terms and subject to the
Page 2, Line 4conditions set forth in section 43-4-609.".
Page 2, Line 5Page 8, after line 22 insert:
Page 2, Line 6"(a) The board consents to the levy of the sales tax, sales
Page 2, Line 7and use tax, or property tax;".
Page 2, Line 8Reletter succeeding paragraphs accordingly.
Page 2, Line 9Page 8, line 23, strike "board" and substitute "authority".
Page 2, Line 10Page 8, line 27, strike "people;" and substitute "people or businesses;".
Page 2, Line 11Page 9, line 13, strike "state; and" and substitute "state, excluding
Page 2, Line 12the sale or use of cigarettes; and
Page 2, Line 13(II) The authority shall apply the monthly tax collection
Page 2, Line 14distributions received from the department of revenue under
Page 2, Line 15section 29-2-207 solely to the planning, financing, acquisition,
Page 2, Line 16construction, reconstruction or repair, maintenance,
Page 2, Line 17management, or operation of housing projects or programs
Page 2, Line 18within the means of households of low or moderate income;”.
Page 2, Line 19Renumber succeeding subparagraphs accordingly.
Page 2, Line 20Page 9, line 25, strike "board" and substitute "authority".
Page 2, Line 21Strike page 11 and substitute:
Page 2, Line 22"(11.5) (a) As used in this subsection (11.5), "property
Page 2, Line 23taxpayer" means a person that pays property taxes on property
Page 2, Line 24subject to a duly executed and recorded agreement described in
Page 2, Line 25subsection (11.5)(b) of this section.
Page 2, Line 26(b) An agreement entered into between a property
Page 2, Line 27taxpayer and a governing body or an authority constitutes the
Page 2, Line 28property taxpayer's binding payment obligation and does not
Page 2, Line 29constitute a pledge of the credit or taxing power of the
Page 2, Line 30governing body or the authority if the agreement guarantees,
Page 2, Line 31enhances, or secures the repayment of bonds, notes, or other
Page 3, Line 1multiple fiscal year obligations issued by the governing body or
Page 3, Line 2the authority to finance urban renewal project costs by:
Page 3, Line 3(I) Providing for payments in lieu of or in addition to tax
Page 3, Line 4increment revenues; or
Page 3, Line 5(II) Providing for payment obligations designed to support
Page 3, Line 6the financing or refinancing of urban renewal project costs.
Page 3, Line 7(c) If an agreement described in subsection (11.5)(b) of this
Page 3, Line 8section or a payment due in accordance with such an agreement
Page 3, Line 9is secured by a lien on real property, the lien on real property:
Page 3, Line 10(I) Is effective and fully enforceable automatically upon
Page 3, Line 11the execution of the agreement;
Page 3, Line 12(II) Constitutes and is treated as a property tax;
Page 3, Line 13(III) Has parity with a real property tax lien and has
Page 3, Line 14priority over an existing or subsequent mortgage, judgment,
Page 3, Line 15lien, or encumbrance except for a previously filed real property
Page 3, Line 16tax lien; and
Page 3, Line 17(IV) May be enforced, collected, and foreclosed in the
Page 3, Line 18same manner as property taxes, including tax foreclosure,
Page 3, Line 19sheriff's sale, or judicial foreclosure, except as limited by the
Page 3, Line 20property taxpayer's rights to challenge the lien or assessment.
Page 3, Line 21(d) An agreement described in subsection (11.5)(b) of this
Page 3, Line 22section and any lien created thereunder may be assigned by the
Page 3, Line 23governing board or authority to a trustee or purchaser of
Page 3, Line 24bonds, notes, or other indebtedness secured by the agreement.
Page 3, Line 25If the agreement is assigned, the assignee holds all enforcement
Page 3, Line 26rights which would otherwise be held by the governing board or
Page 3, Line 27authority.
Page 3, Line 28(e) Nothing in this subsection (11.5) may be construed to
Page 3, Line 29require a governing body, authority, or property taxpayer to
Page 3, Line 30enter into an agreement described in subsection (11.5)(a) of this
Page 3, Line 31section.".
Page 3, Line 32Page 12, before line 1 insert:
Page 3, Line 33"SECTION 5. In Colorado Revised Statutes, 39-1-110, add (1)(c)
Page 3, Line 34as follows:
Page 3, Line 3539-1-110. Notice - formation of political subdivision -
Page 3, Line 36boundary change of special district - housing authority intent to levy.
Page 3, Line 37(1) (c) A housing authority that intends to provide for the
Page 3, Line 38levy of a property tax within its jurisdiction in accordance with
Page 3, Line 39section 29-4-209 (4) shall notify the assessor and the board of
Page 3, Line 40county commissioners of each county in which the property tax
Page 3, Line 41will be levied, and such notice must specify the boundaries of the
Page 4, Line 1area in which property will be taxed. A housing authority shall
Page 4, Line 2not levy property tax for a calendar year unless the assessor
Page 4, Line 3and the board of county commissioners of each county within
Page 4, Line 4which the property tax will be levied have been notified of the
Page 4, Line 5intent to levy before July 1 of that calendar year and have
Page 4, Line 6received from the authority the following:
Page 4, Line 7(I) Official notice that a tax will be levied for such year;
Page 4, Line 8(II) A legal description; and
Page 4, Line 9(III) A map of the legal boundaries of the area in which
Page 4, Line 10property will be taxed.".
Page 4, Line 11Renumber succeeding sections accordingly.