Legislative Advocacy This Week at the Capitol We are in the last two weeks of the 2024 legislative session, and there are multiple priority bills in which CAR is still actively engaged. One of the more significant topics of this session is long-term property tax relief for homeowners. The Property Tax Commission had its final meeting for the 2024 legislative session...
Legislative Advocacy This Week at the Capitol Only 15 days remain until May 8th when the legislative ends, as mandated by our state constitution, yet hundreds of bills remain alive and we still expect more to be introduced. At least one bill yet to be introduced would impact your property taxes. This bill will be separate from the Property Tax Commission who...
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...
Dear Members,Your Colorado Association of REALTORS® (CAR) Leadership Council and Board of Directors have heard from many of you, our members, who have asked CAR to address the March 15th announcement by the National Association of REALTORS® (NAR) of an agreed settlement with the class action plaintiffs.The NAR settlement represents a very significant development for REALTORS® throughout the country. If...
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...