SB 21-020 CO

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Became Law

The act ensures that clean energy resources and energy storage systems used to store electricity are assessed for valuation for the purpose of property taxation in a similar manner to renewable energy facility property used to generate and deliver electricity. The act also modifies the income approach for certain renewable energy facilities by extending the"tax factor" from a 20-year period to a 30-year period. It also specifies that after the 20- or 30-year period, as applicable, a tax factor is not applied and the taxable value shall not exceed the depreciated value floor calculated using the cost basis method. The administrator is also required to utilize the income approach for solar energy facilities that generate 2 megawatts or less, so that similar facilities will be valued in the same manner.(Note: This summary applies to this bill as enacted.)

• Chris Hansen · primary
• Dennis Hisey · primary
• Alex Valdez Democratic · primary
• Matt Soper Republican · primary

1. Apr 22, 2021 Governor Signed · executive
2. Apr 14, 2021 Sent to the Governor · executive
3. Apr 13, 2021 Signed by the Speaker of the House · lower
4. Apr 13, 2021 Signed by the President of the Senate · upper
5. Apr 9, 2021 House Third Reading Passed - No Amendments · lower
6. Apr 8, 2021 House Second Reading Passed - No Amendments · lower
7. Apr 5, 2021 House Committee on Finance Refer Unamended to House Committee of the Whole · lower
8. Mar 24, 2021 House Committee on Energy & Environment Refer Unamended to Finance · lower
9. Mar 4, 2021 Introduced In House - Assigned to Energy & Environment + Finance · lower
10. Mar 2, 2021 Senate Third Reading Passed - No Amendments · upper
11. Mar 2, 2021 Senate Third Reading Reconsidered - No Amendments · upper
12. Mar 2, 2021 Senate Third Reading Passed - No Amendments · upper
13. Mar 1, 2021 Senate Second Reading Passed - No Amendments · upper
14. Feb 24, 2021 Senate Committee on Finance Refer Unamended to Senate Committee of the Whole · upper
15. Feb 16, 2021 Introduced In Senate - Assigned to Finance · upper

The published texts of this bill as it moves through the legislature. Each links to the official document on the state legislature site. Data from OpenStates.

• Signed Act (04/22/2021) · PDF
• Final Act (04/13/2021) · PDF
• Rerevised (04/09/2021) · PDF
• Revised (04/08/2021) · PDF
• Reengrossed (03/02/2021) · PDF
• Engrossed (03/01/2021) · PDF
• Introduced (02/16/2021) · PDF
• Committee Amendment · PDF