s_lg_2016a_2016-02-02t14:02:00z1 Hearing Summary

Date: 02/02/2016

02:32 PM -- SB 16-012



Senator Heath, prime sponsor, discussed the provisions of 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.



The following persons testified on the bill:



02:36 PM -- Ted Leighty, Colorado Association of Realtors, spoke in support of the bill.



02:37 PM -- JoAnn Groff, Property Tax Administrator, said she is available for questions and discussed how her office would implement the bill.



The following persons submitted written testimony on the bill:



Leslie Aplin Wharton submitted a letter of support for the bill (Attachment C).

Jerry Roberts, Boulder County Assessor, submitted a letter of support for the bill (Attachment D).



160202 AttachC.pdf160202 AttachD.pdf



02:40 PM



Senator Kefalas read a portion of the Ms. Aplin Wharton's letter of support for the bill.



02:41 PM



Senator Marble closed testimony on the bill and Senator Heath closed his remarks on the bill.