6FE4426378096DDA87258A1B005EF162 Hearing Summary CLICS/CLICS2023A/commsumm.nsf PUBLICBILL SUMMARY For OVERVIEW OF HOUSING TAX POLICYINTERIM COMMITTEE LEGISLATIVE OVERSIGHT COMMITTEE CONCERNING TAX POLICY & TASK FORCEDate Aug 30, 2023 Location HCR 0112 Overview of Housing Tax Policy - Committee Discussion Only Attachment Tag File Name Attachment B http://www2.leg.state.co.us/CLICS/CLICS2023A/commsumm.nsf/0/2B80552A4571...$File/Attachment B.pdf?OpenElement Attachment B.pdf 11:17:05 AM Dr. Elizabeth Ramey, Legislative Council Staff, provided an overview presentation of Colorado housing tax expenditures. Her presentation may be found in Attachment B. 11:19:05 AM She began by discussing the affordable housing tax credit and sales and use exemptions for housing authorities. 11:26:53 AM Dr. Ramey continued by discussing the manufactured homes sales tax exemption. 11:30:23 AM Dr. Ramey continued by discussing the tiny home sales tax exemption. Committee discussion ensued on the taxable status of a tiny home. 11:34:26 AM Dr. Ramey moved on to tax expenditures for home buyers, including the first-time homebuyer savings account deduction and the employer assistance for home purchase tax credit. 11:39:56 AM Dr. Ramey continued by discussing the federal home mortgage interest deduction. 11:41:03 AM Dr. Ramey continued by moving on to property tax related tax expenditures, such as the homestead exemptions. 11:44:42 AM Mr. Greg Sobetski, Legislative Council Staff, came to the table to answer a committee question. 11:49:55 AM Dr. Ramey continued by discussing the senior housing income tax credit. The refundable tax credit is for tax year 2022 only. 11:51:36 AM Dr. Ramey continued by discussing the property tax, rent, and heat credit (PTC) rebate and the property tax deferral program.