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CO SB259
Bill
AI Summary
- Eliminates the state property tax reimbursement program for property destroyed by natural causes, ending eligibility for tax years beginning January 1, 2025 and after
- The program previously reimbursed property owners for property tax liability on real or business personal property destroyed by natural disasters like wildfires or floods
- Repeals the entire statutory section (39-1-123) effective July 1, 2025
- County assessors will no longer be required to report destroyed properties to county treasurers for reimbursement purposes after the 2024 tax year
- Includes a safety clause declaring the act necessary for immediate preservation of public peace, health, or safety
Legislative Description
Eliminate Destroyed Property Tax Reimbursement Program
State Government
Last Action
Governor Signed
4/25/2025
Committee Referrals
Appropriations4/3/2025
Appropriations3/31/2025
Full Bill Text
No bill text available