Legislative Advocacy This Week at the Capitol The Senate and House of Representatives agreed to conference committee changes to the annual budget bill known as the “Long Bill” on April 14th. After accounting for all obligated and necessary expenses, the state government’s budget is limited between $15M to $20M for any unfunded legislation. There are only 23 days left in the...
The Colorado Association of REALTORS® is *opposed* to Senate Bill 33 “Lodging Property Tax Treatment” that will be heard in the Senate Finance Committee next Tuesday, April 16 at 2:00pm in room SCR 357. Please feel free to contact the following members of Senate Finance and respectfully urge them to oppose Senate Bill 33: Chair Sen. Kyle Mullica (SD 24) 303-866-4451 or kyle.mullica.senate@coleg.gov 2023 CAR REALTOR®...
Legislative Advocacy This Week at the Capitol We are entering the second week of the budget process; the budget is scheduled to pass the House on Monday, then head its way to the Senate to go through the committee process again and floor, and ultimately makes its way to the Governor's desk. The big items lawmakers are focusing on in the...
Legislative Advocacy This Week at the Capitol CAR is on day 76 of the 120-day state legislative session. The week of March 25th is officially the start of the legislature's budget-setting bill, known as the 'Long Bill'. The limited 2024-2025 fiscal year budget is projected to create existential hurdles for legislation with large state expenditures. The annual budget bill will be...
Legislative Advocacy This Week at the Capitol Last Friday (3/15), the quarterly state revenue forecast was released, which allows legislators to finalize the state budget for 2024-25 and determine what funding, if any, is available for programs within 2024 legislation. This is the last revenue forecast of the 2024 legislative session and now legislators will begin hearing and evaluating bills in Appropriations...
Legislative Advocacy This Week at the Capitol The Colorado Association of REALTORS® is past the halfway point in the 2024 legislative session. Bill introductions are starting to slow down, but more can be expected. CAR is strongly supporting SB-106 because it has the potential to correct issues underlying the lack of entry-level housing construction and is opposing HB-1300 because it would...
Legislative Advocacy This Week at the Capitol The Colorado Association of REALTORS® is now in its 55th day of the 120-day legislative session. Just over two-thirds of all introduced legislation originated in the state House of Representatives, and we expect to see more bills introduced with late status. This week holds two high priority bills highlighted below with the links you...
Legislative Advocacy This Week at the Capitol We are on the 48th day of the state’s 120-day legislative session. The Colorado Association of REALTORS® has 70 bills in its stack out of the 541 total introduced. CAR is advocating to protect homeowner equity and private property rights in many bills this session and is anticipating long-term property tax relief solutions the Property Tax...
Legislative Advocacy This Week at the Capitol We are in the 42nd day of the state’s 120-day legislative session. The Colorado Association of REALTORS® has 69 bills in its stack out of the 529 total introduced. CAR’s political advocacy efforts achieved significant amendments in landlord-tenant legislation protecting the property rights of housing providers and ensuring they can place their properties on...
NEW Bill Coming Soon on Short-Term Rentals (STRs) We expect a new bill on short-term rentals (STRs) to be introduced this week. The Colorado Association of REALTORS (CAR) worked proactively with the bill sponsors, Rep. Bird and Sen. Mullica, to exempt a property owner’s primary and secondary residence from being defined as a “commercial short-term rental unit” and assessed at a...