CO HB1079

Increases the maximum property value eligible for the veteran property tax exemption from $200,000 to $300,000 for property tax years beginning January 1, 2021, with 50% of the value exempt from taxation.

Changes terminology throughout statute from "disabled veteran" to "qualifying veteran with a disability" for consistency with constitutional language.

Includes a conforming amendment that takes effect only if Colorado voters approve a 2022 constitutional amendment expanding eligibility to veterans with 50% or greater service-connected disabilities (currently requires 100% permanent disability rating).

The expanded eligibility amendment, if approved by voters, would apply to property tax years commencing January 1, 2023.

Updates multiple statutes related to exemption notices, applications, verification procedures, and reporting requirements to reflect the new terminology and increased property value limit.