CO HCR1003

Submits a constitutional amendment to Colorado voters on November 8, 2022, extending the homestead property tax exemption to surviving spouses of armed forces members and veterans.

Exempts 50 percent of the first $200,000 of actual value of owner-occupied residential real property from property taxation for property tax years commencing January 1, 2023, for "eligible spouses."

Defines "eligible spouse" as either a surviving spouse of a service member who died in the line of duty and received a Department of Defense death gratuity under 10 U.S.C. § 1475 et seq., or a surviving spouse of a veteran whose death resulted from service-related injury or disease.

Requires the surviving spouse of a veteran to be receiving dependency indemnity compensation awarded by the U.S. Department of Veterans Affairs under applicable federal law provisions.

Amendment becomes part of the state constitution if at least 55 percent of electors voting on the ballot title vote "Yes/For."