HB24B-1009: Special District Property Tax Revenue Limitation Waiver

• Authorizes special district boards to submit a voter question asking whether the district may waive statutory limits on collecting, retaining, or spending property tax revenue from ad valorem taxes.

• Waiver becomes effective if a majority of the special district's eligible electors voting on the measure approve it, exempting the district from applicable property tax revenue limits.

• Elections on the waiver question must be conducted as special elections in accordance with Colorado statutory procedures under Section 32-1-103(21) and Article 13.5 of Title 1.

• Applies only to special districts that: are not subject to the revenue limit in Section 29-1-301; have received prior voter approval to exceed that limit; or have received prior voter approval for unconstrained ad valorem tax collection under the Colorado Constitution.

• Includes a safety clause designating the act as necessary for immediate preservation of public peace, health, and safety.