CO SB136

Increases the business personal property tax exemption from $7,000 to $25,000 for property tax years beginning January 1, 2015, with biennial inflation adjustments thereafter.

Applies the increased exemption only to personal property listed on a single schedule and exempts it from local government property taxes, excluding school districts.

Allows local governments (counties, municipalities, and special districts) to opt out of the increased exemption by resolution or ordinance, with opt-outs required at least one year before a property tax year begins.

Maintains the existing $7,000 exemption for school districts and for any local government that opts out of the increased exemption.

Declared legislative purpose is to stimulate business capital investment in Colorado by reducing taxes on business personal property.