HB 1066 CO
Tax Exemptions Low Income Rental Property Development
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Summary
This bill would expand Colorado's tax exemption for low-income housing property. Currently, the exemption applies to property acquired and developed for low-income housing by nonprofit housing providers, community land trusts, and nonprofit affordable homeownership developers. The bill would expand this exemption to also cover property intended for low-income residential rental properties. This expansion would make more low-income housing development projects eligible for tax exemptions.
AI-generated plain-language summary of the bill (from the OpenStates abstract — no full text available yet) — neutral, and may be imperfect.
Official abstract
Current law provides an exemption for taxation on property acquired and developed for low-income housing by nonprofit housing providers, community land trusts, and nonprofit affordable homeownership developers. The bill expands the exemption to also include property intended for low-income residential rental property.(Note: This summary applies to this bill as introduced.)
Sponsors (3)
- R. Stewart Democratic · sponsor
- K. Stewart Democratic · sponsor
- M. Ball Democratic · sponsor
Action history (3)
- May 14, 2026 House Committee on Appropriations Lay Over Unamended - Amendment(s) Failed · lower
- Feb 23, 2026 House Committee on Finance Refer Amended to Appropriations · lower
- Jan 21, 2026 Introduced In House - Assigned to Finance · lower
Full text
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