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SB 20-109

  • Colorado Senate Bill
  • 2020 Regular Session
  • Introduced in Senate Jan 15, 2020
  • Senate
  • House
  • Governor

Short-term Rentals Property Tax

Abstract

For purposes of the property tax, the bill classifies an improvement that is used to provide short-term stays, which is overnight lodging for less than 30 consecutive days in exchange for a monetary payment. A building or a portion of a building that is designed and used as a residency by a person, a family, or families and that is leased or available to be leased for short-term stays is a residential improvement and, therefore, it is classified as residential property. A short-term rental unit is excluded from the definition of residential improvements and, therefore, it is classified as nonresidential property. A short-term rental unit is defined to mean a building or a portion of a building that is designed for use predominantly as a place of residency by a person, a family, or families, but that is leased or available to be leased for short-term stays during the property tax year and is occupied by the owner for less than 30 days in a year. (Note: This summary applies to this bill as introduced.)

Bill Sponsors (1)

Bob Gardner

  • Republican
  • upper
  • 12
Primary

Votes


No votes to display

Actions


Feb 11, 2020

Senate

Senate Committee on Finance Postpone Indefinitely

Finance

Jan 15, 2020

Senate

Introduced In Senate - Assigned to Finance

  • Introduction
Finance

Bill Text

Bill Text Versions Format
Introduced (01/15/2020) PDF
Committee Amendment PDF

Related Documents

Document Format
Fiscal Note FN1 (01/28/2020) PDF

Sources

Data on Open States is updated nightly from the official website of the Colorado General Assembly.

If you notice any inconsistencies with these official sources, feel free to file an issue.