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CO SB009
Bill
AI Summary
- Increases the per-schedule exemption for business personal property from $7,000 to $10,000 for property tax years beginning January 1, 2017 and January 1, 2018
- Beginning January 1, 2019, adjusts the exemption biennially for inflation, rounded upward to the nearest $100 increment, with calculations performed by November 1 of each even-numbered year
- Appropriates $765,000 to the Department of Education for the 2017-18 fiscal year to offset lost school district revenue from the increased exemption
- Takes effect August 9, 2017, unless subject to a referendum petition, in which case requires voter approval at the November 2018 general election to take effect
Legislative Description
Business Personal Property Tax Exemption
Fiscal Policy & Taxes
Last Action
House Committee on State, Veterans, & Military Affairs Postpone Indefinitely
5/3/2017
Committee Referrals
State, Veterans, and Military Affairs4/19/2017
Committee of the Whole4/11/2017
Appropriations2/2/2017
Finance1/11/2017
Full Bill Text
No bill text available