HB 21-1079

  • Colorado House Bill
  • 2021 Regular Session
  • Introduced in House Feb 16, 2021
  • House
  • Senate
  • Governor

Modify Property Tax Exemption For Veterans With Disabilities

Abstract

The Colorado constitution allows a veteran who has a service-connected disability rated as a 100% permanent disability to claim a property tax exemption for 50% of the first $200,000 of actual value of the veteran's owner-occupied primary residence. The general assembly may enact legislation to raise or lower the $200,000 actual value limit but the 100% permanent disability requirement can only be changed through a constitutional amendment. For property tax years commencing on and after January 1, 2021, the bill increases from $200,000 to $300,000 the maximum amount of actual value of the owner-occupied primary residence of an eligible veteran with a disability of which 50% is exempt from property taxation. If at the 2022 general election the voters of the state approve a proposed constitutional amendment to make more veterans eligible for the exemption by allowing veterans who have a service-connected disability rated as a 50% or greater to claim the exemption, the bill makes a conforming statutory amendment to reflect the expansion of the exemption for property tax years commencing on or after January 1, 2023. (Note: This summary applies to this bill as introduced.)

Bill Sponsors (1)

Votes


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Actions


Mar 04, 2021

House

House Committee on State, Civic, Military, & Veterans Affairs Postpone Indefinitely

Feb 16, 2021

House

Introduced In House - Assigned to State, Civic, Military, & Veterans Affairs + Finance + Appropriations

  • Introduction
Appropriations Finance State, Civic, Military, & Veterans Affairs

Bill Text

Bill Text Versions Format
Introduced (02/16/2021) PDF
Committee Amendment PDF

Related Documents

Document Format
Fiscal Note FN1 (03/02/2021) PDF

Sources

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

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