Representative Garcia, prime sponsor, presented House Bill 24B-1005. The bill makes changes to the value reductions for residential property in non-school local government entities starting in property tax year 2025. She responded to questions from the committee.

The committee took a brief recess.

The committee returned to order.

Representative Garcia continued to respond to questions from the committee.

Elizabeth Ramey, representing Legislative Council Staff, responded to committee questions about the fiscal impact of the bill.

Mr. Jonathan Cappelli, representing the Neighborhood Development Collaborative, testified in support of the bill.

Mr. Keith Erffmeyer, representing the Colorado Assessor's Association, testified in a neutral position on the bill.

Mr. Tony Werckman, representing the Department of Local Affairs, Division of Property Taxation, was available to answer committee questions.

The witnesses responded to questions from the committee.

Representative Garcia wrapped up her testimony on the bill and asked for a favorable recommendation. Members of the committee commented on their positions on the bill.