CO HB1083

Defines "nursing home" as a health facility licensed by the Department of Public Health and Environment that meets the nursing care facility definition in state regulations, including facilities providing convalescent care or rehabilitation services regardless of resident length of stay.

Amends the definition of "residential real property" to include nursing homes, ensuring they are classified as residential property regardless of whether residents stay less than or more than 30 days.

Requires land on which a nursing home is situated and any improvements affixed to that land to be classified and assessed as residential real property for property tax years beginning January 1, 2021.

Addresses a discrepancy in how assessing officers currently classify nursing homes for property tax purposes by clarifying that all nursing homes must receive residential property classification.

Takes effect 90 days after final adjournment of the general assembly (August 5, 2020), unless a referendum petition is filed, in which case voter approval at the November 2020 election is required.