NOTE: The governor signed this measure on 4/15/2016.
      
      
      HOUSE BILL 16-1145
      
      
      BY REPRESENTATIVE(S) Lebsock, Thurlow, Fields, Ryden;
      also SENATOR(S) Tate, Holbert, Kefalas, Baumgardner, Woods.
      
      
      Concerning the determination of the documentary fee imposed
           for recording a grant or conveyance of residential real
           property.
      
      
      Be it enacted by the General Assembly of the State of Colorado:
      
           SECTION 1.  In Colorado Revised Statutes, 39-13-102, amend (5)
      (a); and add (5) (d) as follows:
      
           39-13-102.  Documentary fee imposed - amount - to whom
      payable. (5) (a)  In determining For the purpose of determining the
      documentary fee in accordance with subsection (2) of this section,
      the amount of consideration paid for the grant or conveyance of residential
      real property, inclusive of liens, charges, and expenses, the total amount of
      the sales price to the purchaser shall be deemed to be paid for the grant or
      conveyance of real property unless evidence of the separate consideration
      paid for personal property is submitted as shown on the contract of sale or
      the closing or settlement documents on the grant or conveyance or unless
      evidence of such separate consideration is shown on the declaration filed
      pursuant to the provisions of section 39-14-102 is the amount listed on
      the grant or conveyance document; except that, if there is no
      consideration amount listed on the grant or conveyance
      document or the amount listed is five hundred dollars or less,
      and there is a related declaration filed in accordance with
      section 39-14-102, then the amount of consideration paid is the
      total sales price listed on the declaration.
      
           (d)  Solely for the purpose of computing the documentary
      fee, the property conveyed by a deed or other instrument will be
      regarded as residential unless the deed or other instrument
      includes a conspicuous statement or notation that the property
      is not to be regarded as residential. This provision does not
      authorize the alteration of a deed or other instrument after it
      has been executed.
      
           SECTION 2.  Applicability. This act applies to fees imposed on
      documents recorded on or after July 1, 2016.
      
           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.
      
      
      
      
      ________________________________________________________
      Dickey Lee Hullinghorst                Bill L. Cadman
      SPEAKER OF THE HOUSE                     PRESIDENT OF
      OF REPRESENTATIVES                         THE SENATE
      
      
      
      
      
      
      ____________________________  ____________________________
      Marilyn Eddins                            Effie Ameen
      CHIEF CLERK OF THE HOUSE                 SECRETARY OF
      OF REPRESENTATIVES                         THE SENATE
      
      
      
      
                  APPROVED________________________________________
      
      
      
      
      
                                    _________________________________________
                                    John W. Hickenlooper
                                    GOVERNOR OF THE STATE OF COLORADO