NOTE:  This bill has been prepared for the signature of the appropriate legislative
officers and the Governor.  To determine whether the Governor has signed the bill
or taken other action on it, please consult the legislative status sheet, the legislative
      history, or the Session Laws.
      
      
      SENATE BILL 09-276
      
      
      BY SENATOR(S) White, Keller, Tapia;
      also REPRESENTATIVE(S) Pommer, Ferrandino, Marostica, Benefield,
      Labuda.
      
      
      Concerning the property tax exemption for qualifying seniors,
           and, in connection therewith, lowering for a specified
           property tax year the maximum amount of actual value of
           the primary owner-occupied residence of a qualifying senior
           that is partly exempt from property taxation, and making
           an appropriation in connection therewith.
      
      
      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, but before January 1, 2009,
      and for property tax years commencing on or after January 1,
      2010, fifty percent of the first two hundred thousand dollars of actual value
      of residential real property that as of the assessment date is owner-occupied
      and is used as the primary residence of the owner-occupier shall be exempt
      from taxation, and for property tax years commencing on or after January
      1, 2003, but before January 1, 2006, and on or after January 1, 2009,
      but before January 1, 2010, fifty percent of zero dollars of actual value
      of residential real property that as of the assessment date is owner-occupied
      and is used as the primary residence of the owner-occupier shall be exempt
      from taxation if:
      
           SECTION 2.  Appropriation - adjustments in 2009 long bill. 
      (1)  For the implementation of this act, appropriations made in the annual
      general appropriation act to the department of treasury for the fiscal year
      beginning July 1, 2009, shall be adjusted as follows:
      
           (a)  The general fund appropriation for special purpose, senior
      citizen and disabled veteran property tax exemption is decreased by ninety
      million four hundred thousand dollars ($90,400,000).
      
           SECTION 3.  Safety clause.  The general assembly hereby finds,
      determines, and declares that this act is necessary for the immediate
      preservation of the public peace, health, and safety.
      
      
      
      
      ____________________________  ____________________________
      Brandon C. Shaffer                Terrance D. Carroll
      PRESIDENT OF                     SPEAKER OF THE HOUSE
      THE SENATE                         OF REPRESENTATIVES
      
      
      
      
      
      
      ____________________________  ____________________________
      Karen Goldman                          Marilyn Eddins
      SECRETARY OF                 CHIEF CLERK OF THE HOUSE
      THE SENATE                         OF REPRESENTATIVES
      
      
      
      
                  APPROVED________________________________________
      
      
      
      
      
                                    _________________________________________
                                    Bill Ritter, Jr.
                                    GOVERNOR OF THE STATE OF COLORADO