CO HB1006

Removes the requirement that property owners irrevocably dedicate property to qualify for the child care center property tax exemption under Colorado law.

Allows property used by tenants or subtenants to operate qualified child care centers for charitable purposes to qualify for the exemption, not just owner-occupied property.

Requires that when a child care center is operated by someone other than the property owner, the operator's use of the property is the sole basis for determining exemption eligibility.

Requires child care center operators (other than owners) to sign the exemption application form under penalty of perjury in the second degree and provide requested information to the property tax administrator.

Takes effect 90 days after the 2022 legislative session ends, or following voter approval if a referendum petition is filed, and applies to property tax years commencing after the effective date.