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 | |
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VOTE
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Arndt
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Yes
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Danielson
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Yes
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Klingenschmitt
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Yes
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Navarro
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Yes
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Ransom
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Yes
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Rosenthal
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Yes
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Saine
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Yes
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Singer
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Yes
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Thurlow
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Yes
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Lebsock
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Yes
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Fields
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Yes
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YES: 11 NO: 0 EXC: 0 ABS: 0 FINAL ACTION: PASS
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04:01 PM
The committee adjourned.