House Bill 04-1001
|The Amendment to the Bill|
Second Regular Session
Sixty-fourth General Assembly
STATE OF COLORADO
LLS NO. 04-0322.01 Jason GelenderHOUSE BILL 04-1001
House Committees Senate Committees
A BILL FOR AN ACT
CONCERNING THE PROPERTY TAX EXEMPTION FOR QUALIFYING
SENIORS, AND, IN CONNECTION THEREWITH, INCREASING THE
MAXIMUM AMOUNT OF ACTUAL VALUE OF THE PRIMARY
OWNER-OCCUPIED RESIDENCE OF A QUALIFYING SENIOR THAT
IS PARTLY EXEMPT FROM PROPERTY TAXATION FOR THE2004
AND2005 PROPERTY TAX YEARS.
(Note: This summary applies to this bill as introduced and does
not necessarily reflect any amendments that may be subsequently
Increases the maximum amount of actual value of the primary
owner-occupied residence of a qualified senior that is partly exempt from
property taxation for the 2004 and 2005 property tax years from zero to
a specified amount.
Be it enacted by the General Assembly of the State of Colorado:
SECTION 1. The introductory portion to 39-3-203 (1), Colorado
Revised Statutes, is amended to read:
39-3-203. Property tax exemption - qualifications. (1) For the
property tax year commencing January 1, 2002, and for property tax
years commencing on or after January 1, 2006, fifty percent of the first
two hundred thousand dollars of actual value as of the assessment date of
residential real property of an owner-occupier shall be exempt from
January 1, 2003,
of actual value as of the assessment date of residential real property of an
owner-occupier shall be exempt from taxation,AND FOR PROPERTY TAX
YEARS COMMENCING ON OR AFTER JANUARY1, 2004, BUT BEFORE
JANUARY1, 2006, FIFTY PERCENT OF THE FIRST ONE HUNDRED THOUSAND
DOLLARS OF ACTUAL VALUE AS OF THE ASSESSMENT DATE OF RESIDENTIAL
REAL PROPERTY OF AN OWNER-OCCUPIER SHALL BE EXEMPT FROM
SECTION 2. Effective date. This act shall take effect at 12:01
a.m. on the day following the expiration of the ninety-day period after
final adjournment of the general assembly that is allowed for submitting
a referendum petition pursuant to article V, section 1 (3) of the state
constitution (August 4, 2004, if adjournment sine die is on May 5, 2004);
except that, if a referendum petition is filed against this act or an item,
section, or part of this act within such period, then the act, item, section,
or part, if approved by the people, shall take effect on the date of the
official declaration of the vote thereon by proclamation of the governor.
Shading denotes HOUSE amendment. Double underlining denotes SENATE amendment.
Capital letters indicate new material to be added to existing statute.
Dashes through the words indicate deletions from existing statute.