NOTE: The governor signed this measure on 3/20/2014.
      
      
      SENATE BILL 14-043
      
      
      BY SENATOR(S) Grantham, Tochtrop, Baumgardner, Crowder, Herpin,
      Jahn, Kefalas, King, Lambert, Lundberg, Marble, Rivera, Scheffel,
      Schwartz, Ulibarri;
      also REPRESENTATIVE(S) Priola, Becker, Fields, Lebsock, Moreno,
      Schafer, Singer.
      
      
      Concerning the inclusion of certain land areas used to grow
           products that originate above the ground within the
           classification of "all other agricultural property" for
           property tax purposes.
      
      
      Be it enacted by the General Assembly of the State of Colorado:
      
           SECTION 1.  In Colorado Revised Statutes, 39-1-102, amend (1.6)
      (b) as follows:
      
           39-1-102.  Definitions. As used in articles 1 to 13 of this title, unless
      the context otherwise requires:
      
           (1.6) (b) (I)  Except as provided in subparagraph (II) of this
      paragraph (b), all other agricultural property that does not meet the
      definition set forth in paragraph (a) of this subsection (1.6) shall be
      classified as all other property and shall be valued using appropriate
      consideration of the three approaches to appraisal based on its actual use
      on the assessment date.
      
           (II)  On and after January 1, 2015, "all other agricultural
      property" includes greenhouse and nursery production areas
      used to grow food products, agricultural products, or
      horticultural stock for wholesale purposes only that originate
      above the ground.
      
           SECTION 2.  Act subject to petition - effective date. This act
      takes effect at 12:01 a.m. on the day following the expiration of the
      ninety-day period after final adjournment of the general assembly (August
      6, 2014, if adjournment sine die is on May 7, 2014); except that, if a
      referendum petition is filed pursuant to section 1 (3) of article V of the state
      constitution against this act or an item, section, or part of this act within
      such period, then the act, item, section, or part will not take effect unless
      approved by the people at the general election to be held in November 2014
      and, in such case, will take effect on the date of the official declaration of
      the vote thereon by the governor.
      
      
      
      
      ____________________________  ____________________________
      Morgan Carroll                        Mark Ferrandino
      PRESIDENT OF                     SPEAKER OF THE HOUSE
      THE SENATE                         OF REPRESENTATIVES
      
      
      
      
      
      
      ____________________________  ____________________________
      Cindi L. Markwell                      Marilyn Eddins
      SECRETARY OF                 CHIEF CLERK OF THE HOUSE
      THE SENATE                         OF REPRESENTATIVES
      
      
      
      
                  APPROVED________________________________________
      
      
      
      
      
                                    _________________________________________
                                    John W. Hickenlooper
                                    GOVERNOR OF THE STATE OF COLORADO