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CO SB029
Bill
AI Summary
- Expands the definition of "ranch" for agricultural property tax purposes to include land used for both grazing AND raising livestock for profit, rather than only grazing
- Removes the limited definition of "livestock" that applied specifically to ranches, allowing the broader general definition that includes all animals (such as pigs and chickens) to apply
- Extends agricultural property tax reductions to producers raising chickens, pigs, and other non-grazing livestock for profit
- Takes effect January 1, 2026, applying to property tax years beginning on or after that date
- Subject to potential referendum petition within 90 days of legislative adjournment, which would delay implementation until voter approval in November 2026
Legislative Description
Ranch Property Tax Clarifications
Agriculture
Last Action
Senate Committee on Agriculture & Natural Resources Postpone Indefinitely
1/29/2025
Committee Referrals
Agriculture and Natural Resources1/8/2025
Full Bill Text
No bill text available