SB 1 CO

0likes☆Favorite🔕SubscribeShare

Became Law

The act allows a board of county commissioners and the governing body of a municipality to sell and dispose of property owned by the county or municipality, as applicable, to provide for affordable housing and allows a municipality to enter into a long-term rental or lease agreement for the development of affordable housing.     The act allows for the approval of a mutijurisdictional housing authority at a biennial local election instead of only during a general election or an election held on the first Tuesday in November of an odd-numbered year. The ballot question about establishing the authority may be combined with a question about a tax, impact fee, multiple-fiscal year debt, or other financial obligation.     The act allows a board of county commissioners to use ad valorem tax revenue for housing authorities, housing programs, and workforce housing.     The act entitles an entity subject to income tax to which a middle-income housing tax credit is transferred by a governmental entity or quasi-governmental entity to claim the credit without owning an interest in a qualified project.     The sale and use of construction materials by contractors is exempt from taxation if the materials are used by the state in its governmental capacity only. The act provides that 'governmental capacity' includes the construction of workforce housing projects undertaken by counties.(Note: This summary applies to this bill as enacted.)

• J. Bridges Democratic · sponsor
• D. Roberts Democratic · sponsor
• A. Boesenecker Democratic · sponsor
• C. Richardson Republican · sponsor

1. Mar 25, 2026 Governor Signed · executive
2. Mar 18, 2026 Sent to the Governor · executive
3. Mar 18, 2026 Signed by the Speaker of the House · lower
4. Mar 17, 2026 Signed by the President of the Senate · upper
5. Mar 11, 2026 Senate Considered House Amendments - Result was to Concur - Repass · upper
6. Mar 10, 2026 House Third Reading Passed - No Amendments · lower
7. Mar 9, 2026 House Second Reading Special Order - Passed with Amendments - Floor · lower
8. Mar 4, 2026 House Committee on Transportation, Housing & Local Government Refer Unamended to House Committee of the Whole · lower
9. Feb 4, 2026 Introduced In House - Assigned to Transportation, Housing & Local Government · lower
10. Feb 4, 2026 Senate Third Reading Passed - No Amendments · upper
11. Feb 3, 2026 Senate Second Reading Passed with Amendments - Committee, Floor · upper
12. Jan 29, 2026 Senate Committee on Local Government & Housing Refer Amended to Senate Committee of the Whole · upper
13. Jan 14, 2026 Introduced In Senate - Assigned to Local Government & Housing · upper