Skip to main content
Colorado General AssemblyToggle Main Menu
Agency NameToggle Agency Menu

Energy Equipment And Facility Property Tax Valuation

Concerning the valuation of property related to renewable energy for purposes of the property tax.
2021 Regular Session
Fiscal Policy & Taxes
Bill Summary

Sections 1 and 2 of the bill ensure that clean energy resources and energy storage systems used to store electricity are assessed for valuation for the purpose of property taxation in a similar manner to renewable energy facility property used to generate and deliver electricity.

Currently, the property tax administrator (administrator) is required to determine the actual value of a small or low impact hydroelectric energy facility, a geothermal energy facility, a biomass energy facility, a wind energy facility, or a solar energy facility using the income approach to valuation only. This valuation currently involves a "tax factor" based on a 20-year period. Section 2 extends this period by 10 years for a renewable energy facility that begins generating energy on or after January 1, 2021. It also specifies that after the 20- or 30-year period, as applicable, a tax factor is not applied and the taxable value shall not exceed the depreciated value floor calculated using the cost basis method. Under section 3 , the administrator is required to utilize the income approach for solar energy facilities that generate 2 megawatts or less, so that similar facilities will be valued in the same manner.
(Note: This summary applies to the reengrossed version of this bill as introduced in the second house.)


Became Law


Bill Text

  • All Versions (7 )
    Date Bill Type Documents
    04/22/2021 Signed Act PDF
    04/13/2021 Final Act PDF
    04/09/2021 Rerevised PDF
    04/08/2021 Revised PDF
    03/02/2021 Reengrossed PDF
    03/01/2021 Engrossed PDF
    02/16/2021 Introduced PDF