CO HB1003

Expands the definition of agricultural equipment exempt from property tax to include personal property used in greenhouses for planting or growing crops in raw or unprocessed state, where the sole purpose is to obtain monetary profit from wholesale of plant-based food for human or livestock consumption.

Extends the existing property tax exemption for agricultural equipment used in controlled environment agricultural (CEA) facilities to also apply to greenhouses, maintaining the exemption period from January 1, 2023 through December 31, 2027.

Maintains existing exemptions for silviculture personal property used for planting, growing, maintenance, or harvesting of trees in raw or unprocessed state, and for removable personal property within CEA facilities used in direct connection with crop production.

Takes effect 90 days after final adjournment of the general assembly, subject to referendum petition by voters; if challenged, becomes effective only upon approval at the November 2026 general election.