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h_lg_2016a_2016-03-09t13:32:22z2 Hearing Summary

Date: 03/09/2016



Final

BILL SUMMARY for SB16-012



HOUSE COMMITTEE ON LOCAL GOVERNMENT


Votes: View--> Action Taken:
Refer Senate Bill 16-012 to the Committee of the W PASS





03:49 PM



The committee recessed.





03:53 PM



The committee came back from recess.






03:53 PM -- SB16-012



Representative Singer presented and summarized Senate Bill-16-012 concerning time to reconstruct residential improvements. This bill allows residential property to maintain its property tax classification for an indefinite period of time if the county assessor determines the property owner is making a good faith effort to rebuild an improvement destroyed by a natural disaster. A residential improvement is a home or other structure that has been built on residential property. Under current law, the property can maintain its residential classification for up to four years after the improvement has been destroyed if, in the assessor's judgement, the owner intends to repair or replace the structure.



03:57 PM --
Elizabeth Peetz, representing the Colorado Association of Realtors, spoke in favor of the bill.

BILL: SB16-012
TIME: 03:59:09 PM
MOVED: Singer
MOTION: Refer Senate Bill 16-012 to the Committee of the Whole. The motion passed on a vote of 11-0.
SECONDED: Fields
VOTE
Arndt
Yes
Danielson
Yes
Klingenschmitt
Yes
Navarro
Yes
Ransom
Yes
Rosenthal
Yes
Saine
Yes
Singer
Yes
Thurlow
Yes
Lebsock
Yes
Fields
Yes
YES: 11 NO: 0 EXC: 0 ABS: 0 FINAL ACTION: PASS







04:01 PM



The committee adjourned.


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