CO HB1284

Allows taxpayers age 65 or older to qualify for property tax deferral on income-producing property starting January 1, 2023, eliminating the existing requirement that deferred property be non-income-producing for this age group.

Permits persons called into military service with Veterans Administration-guaranteed home loans to qualify for property tax deferral without the 90 percent loan-to-value limitation that normally applies.

Extends property tax deferral eligibility to surviving spouses of taxpayers who elect to continue the deferral under section 39-3.5-112.

Takes effect 90 days after final adjournment of the general assembly, unless a referendum petition is filed, in which case voter approval at the November 2024 general election is required.