SB 23-108 CO Became Law
Allowing Temporary Reductions In Property Tax Due
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Summary
The act allows a local government to provide temporary property tax relief through temporary property tax credits or mill levy reductions and later eliminate the credits or restore the mill levy. A temporary reduction in property taxes must be annually renewed by the local government. A school district may not temporarily reduce its mill levy below an existing statutory minimum mill levy amount. APPROVED by Governor June 5, 2023 EFFECTIVE August 7, 2023 NOTE: This act was passed without a safety clause and takes effect 90 days after sine die. (Note: This summary applies to this bill as enacted.)
Sponsors (4)
- Mark Baisley Republican · primary
- Faith Winter · primary
- Rose Pugliese · primary
- Lisa Frizell Republican · primary
Action history (14)
- Jun 5, 2023 Governor Signed · executive
- May 15, 2023 Sent to the Governor · executive
- May 15, 2023 Signed by the Speaker of the House · lower
- May 10, 2023 Signed by the President of the Senate · upper
- May 7, 2023 House Third Reading Passed - No Amendments · lower
- May 6, 2023 House Second Reading Special Order - Passed - No Amendments · lower
- Apr 13, 2023 House Second Reading Laid Over Daily - No Amendments · lower
- Apr 10, 2023 House Committee on Finance Refer Unamended to House Committee of the Whole · lower
- Mar 14, 2023 Introduced In House - Assigned to Finance · lower
- Mar 1, 2023 Senate Third Reading Passed - No Amendments · upper
- Feb 28, 2023 Senate Second Reading Passed with Amendments - Committee · upper
- Feb 23, 2023 Senate Committee on Finance Refer Amended - Consent Calendar to Senate Committee of the Whole · upper
- Feb 9, 2023 Senate Committee on State, Veterans, & Military Affairs Refer Amended to Finance · upper
- Jan 31, 2023 Introduced In Senate - Assigned to State, Veterans, & Military Affairs · upper
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