Second Regular Session
              Sixty-fourth General Assembly
                    STATE OF COLORADO
                                                 INTRODUCED
                                                           
                                                           
 LLS NO. 04-0322.01 Jason Gelender       HOUSE BILL 04-1001
                    HOUSE SPONSORSHIP
 Stengel, 
 
                   SENATE SPONSORSHIP
 Cairns, 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 House Committees
 Senate Committees
 
 
 Finance
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
                         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 the 2004
            and 2005 property tax years.
       
       
                           Bill Summary
       
            (Note:  This summary applies to this bill as introduced and does
       not necessarily reflect any amendments that may be subsequently
       adopted.)
       
            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
       taxation, and for the property tax years year commencing on or after
       January 1, 2003, but before January 1, 2006, fifty percent of zero dollars
       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 January 1, 2004, but before
       January 1, 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
       taxation if:
            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.