CO SB067

Creates a property tax exemption for personal property (electronics, equipment, transmission facilities, fiber optic and copper cables) used to provide broadband service, acquired on or after January 1, 2017, for tax years beginning January 1, 2018 through December 31, 2024.

Exemption applies only in counties with populations under 60,000 that have agreements with broadband providers, and requires county board of commissioners approval by resolution before the property tax year.

Counties must notify school districts and municipalities of the exemption; those entities have 90 days to opt out by adopting their own resolution to not apply the exemption.

Prohibits exemption for personal property that is sold and repurchased or leased back by the same taxpayer; property transferred in mergers or acquisitions is ineligible unless originally acquired on or after January 1, 2017.

For public utilities assessed statewide, the property tax administrator must identify and exclude exempt broadband-related personal property from valuations, providing separate valuations for counties accepting the exemption versus those opting out.