CO SB098

Exempts a percentage of all business personal property from property tax beginning with the first odd-numbered tax year after statewide assessed value of business personal property increases 12% year-over-year (defined as "target growth").

Implements a 17-year phase-out schedule with exemption percentages increasing in 4-year increments: 20% (years 1-4), 40% (years 5-8), 60% (years 9-12), 80% (years 13-16), and 100% (year 17 and after).

Exemption applies regardless of when the property is first used in a business and applies to business personal property owned by public utilities.

Requires the tax administrator to certify when target growth occurs and publish applicable exemption percentages for each property tax year.

Effective 90 days after final adjournment of the 2011 legislature, subject to voter approval if a referendum petition is filed.