HB21-1023: Renewable Energy Facility Real Property Classification

• Amends Colorado Revised Statutes 39-4-102 to create an exception allowing county assessors to reclassify real property based on renewable energy facility location if the property was classified as agricultural immediately before the facility was built

• Applies to small or low impact hydroelectric, geothermal, biomass, wind, and solar energy facilities

• Current law prohibits assessors from using facility location as a basis for reclassifying real property; this bill carves out the agricultural property exception

• Effective 12:01 a.m. on the day following the 90-day period after final adjournment of the general assembly, subject to referendum petition provisions