CO HB1006

Clarifies tax exemptions for public housing authorities and their subsidiaries, restoring exemptions that the Department of Revenue had disallowed beginning in 2013.

Extends property tax exemptions to projects owned by, leased to, or under construction by entities that are wholly owned by a housing authority or in which an authority has an ownership interest.

Exempts qualifying projects from sales tax and use tax during construction, with exemptions applied proportionally based on the percentage of the project designated for occupancy by persons of low income.

Allows authorities to determine the qualifying percentage using either relative square footage or cost, with determinations presumed valid absent manifest error.

Permits entities to file refund claims for overpaid state taxes from January 1, 2013, to the bill's effective date, but only until December 31, 2016; thereafter standard refund procedures apply.