NOTE: The governor signed this measure on 6/5/2015.
      
      
      HOUSE BILL 15-1357
      
      
      BY REPRESENTATIVE(S) Court and DelGrosso, Pabon, Tyler,
      Hullinghorst;
      also SENATOR(S) Neville T. and Johnston, Hill, Kefalas, Marble, Scott,
      Woods.
      
      
      Concerning the establishment of the ratio of valuation for
           assessment for residential real property.
      
      
      Be it enacted by the General Assembly of the State of Colorado:
      
           SECTION 1.  In Colorado Revised Statutes, 39-1-104.2, add (3)
      (o) as follows:
      
           39-1-104.2.  Legislative declaration - adjustment of residential
      rate. (3) (o)  Based on the determination by the administrator that
      the target percentage is 45.67 percent, the ratio of valuation for
      assessment for residential real property is 7.96 percent of actual
      value for the property tax years commencing on or after January
      1, 2015, but before January 1, 2017.
      
           SECTION 2.  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.
      
      
      
      
      ________________________________________________________
      Dickey Lee Hullinghorst                Bill L. Cadman
      SPEAKER OF THE HOUSE                     PRESIDENT OF
      OF REPRESENTATIVES                         THE SENATE
      
      
      
      
      
      
      ____________________________  ____________________________
      Marilyn Eddins                      Cindi L. Markwell
      CHIEF CLERK OF THE HOUSE                 SECRETARY OF
      OF REPRESENTATIVES                         THE SENATE
      
      
      
      
                  APPROVED________________________________________
      
      
      
      
      
                                    _________________________________________
                                    John W. Hickenlooper
                                    GOVERNOR OF THE STATE OF COLORADO