HB 22-1223 Summary

• Creates a property tax exemption for mobile homes with an actual value of $28,000 or less, effective for tax years beginning January 1, 2022.

• Defines eligible mobile homes as those with a certificate of title issued under Colorado law that do not have a certificate of permanent location.

• Modifies notice requirements for mobile home tax sales by allowing county treasurers to publish notice on their website instead of in newspapers if a distraint warrant has been delivered to the owner.

• Appropriates $833,193 to the Department of Education for the 2022-23 fiscal year to offset lost revenue from the exemption through state share of school districts' total program funding.

• Takes effect 90 days after final adjournment of the general assembly, unless subject to a referendum petition filed by November 2022.