CO HB1267

Defines "independently owned residential solar electric generation facility" as personal property owned by someone other than the residential property owner, installed on the customer's side of the meter, with capacity not exceeding 100 kilowatts.

Exempts independently owned residential solar facilities from property tax levy and collection if not used for income production.

Specifies that such solar facilities are not considered income-producing unless they generate income for the residential property owner, and excludes rebates, offsets, credits, and reimbursements from constituting income for tax purposes.

Adds definition of "improvements" to include structures, buildings, fixtures, fences, and water rights erected upon or affixed to land regardless of title acquisition.

Takes effect 90 days after final adjournment of the general assembly (August 11, 2010) or upon voter approval at November 2010 general election if a referendum petition is filed.