HB 25-1289 CO

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Became Law

The act requires a metropolitan district that is a party to a lease or rental agreement that was effective as of January 1, 2025, or later and was filed with the county assessor's office in support of a claim for a property tax exemption based on the use of the property for purposes of the metropolitan district to file with the county assessor's office a statement (statement) describing: The metropolitan district's use of the leased property; The metropolitan district's authority to use the leased property for the metropolitan district's purposes; Any use of the leased property by a private person for private purposes; and Any disclosure filed by a member of the board of directors of the metropolitan district in accordance with certain laws that govern disclosures of conflicts of interest. If the statement includes a disclosure that relates to the leased property and is filed by a member of the board of directors of the metropolitan district in accordance with certain laws that govern disclosures of conflicts of interest, the county assessor shall, within 14 days of receipt of the statement, submit the statement to the metropolitan district's governing body. Within 63 days of receipt of the statement, the governing body shall issue a written decision including findings of fact and a conclusion as to whether the leased property is used for a public purpose. If the governing body concludes that the leased property is not used for a public purpose, the leased property is not exempt from taxation, and the county assessor shall implement the governing body's decision. The decision of the governing body is not subject to appeal and does not give rise to any private right of action. The act clarifies that a leasehold interest in real or personal property that is owned by a private person and that has been leased to the state or a political subdivision of the state, the use and possession of which has been leased back to a private person for private purposes, is taxable to the owner. (Note: This summary applies to this bill as enacted.)

• Yara Zokaie Democratic · primary
• Chris Richardson Republican · primary
• Mike Weissman Democratic · primary
• Lisa Frizell Republican · primary

1. Jun 3, 2025 Governor Signed · executive
2. May 12, 2025 Sent to the Governor · executive
3. May 12, 2025 Signed by the President of the Senate · upper
4. May 12, 2025 Signed by the Speaker of the House · lower
5. Apr 22, 2025 Senate Third Reading Passed - No Amendments · upper
6. Apr 21, 2025 Senate Second Reading Passed - No Amendments · upper
7. Apr 15, 2025 Senate Committee on Finance Refer Unamended - Consent Calendar to Senate Committee of the Whole · upper
8. Apr 1, 2025 Introduced In Senate - Assigned to Finance · upper
9. Mar 26, 2025 House Third Reading Passed - No Amendments · lower
10. Mar 25, 2025 House Second Reading Special Order - Passed with Amendments - Committee · lower
11. Mar 20, 2025 House Committee on Finance Refer Amended to House Committee of the Whole · lower
12. Feb 28, 2025 Introduced In House - Assigned to Finance · lower