CO SB168

Extends community solar garden property tax exemption by 5 years (through January 1, 2026) for electricity capacity attributed to residential, governmental, or tax-exempt organization subscribers

Expands exemption to apply to solar energy facilities assessed statewide, not just community solar gardens

Creates sustainable energy tax policy fund financed by increased coal severance tax revenues (eliminating the 300,000-ton quarterly exemption and underground/lignitic coal credits effective July 1, 2021) to reimburse local governments for lost property tax revenues through June 30, 2026

Extends the "tax factor" valuation period for renewable energy facilities from 20 years to 30 years, after which no tax factor applies and taxable value cannot exceed depreciated value floor

Designates county reimbursements as a TABOR refund mechanism, prioritizing refunds to counties for senior homestead exemptions before other TABOR refunds