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CO HB1085
Bill
Status
5/20/2019
Primary Sponsor
Tony Exum
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AI Summary
HB 19-1085 Summary
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Establishes new property tax and heat/fuel assistance grant amounts for low-income seniors and individuals with disabilities, effective for the 2019 calendar year and thereafter, with amounts adjusted annually for inflation.
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Creates a flat grant amount of $238 for property tax assistance and $77 for heat/fuel assistance in 2019, with maximum eligible income limits of $15,192 for individuals and $20,518 for spouses in 2019.
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Simplifies grant calculations to use either a reduced amount based on income over a phase-out threshold or a flat grant amount, whichever is greater, replacing previous tiered income-based formulas.
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Repeals previous grant formulas and income thresholds effective July 1, 2021, consolidating the program structure going forward.
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Appropriates $24,847 to the Department of Revenue for 2019-20 fiscal year ($10,467 for staff, $13,180 for IT system support, $1,200 for document services) and increases general fund allocation by $653,500 for grant program implementation.
Legislative Description
Grants For Property Tax Rent And Heat
State Government
Last Action
Governor Signed
5/20/2019