Colorado bills · 2026 Regular Session
Colorado SB 116
Property Tax Modifications
- Introduced
- In committee
- Passed Senate
- Passed House
- To Governor
- Became law
Sponsors
- Y. Zokaie (Democratic)
- M. Weissman (Democratic)
Cosponsors (5)
- I. Jodeh (Democratic)
- J. Gonzales (Democratic)
- T. Exum (Democratic)
- L. Cutter (Democratic)
- J. Coleman (Democratic)
Summary
Official abstract published by the Colorado legislature· summary
Under current law, residential real property that is classified as qualified-senior primary residence real property is subject to a reduced valuation for assessment for property tax years beginning on or after January 1, 2025, but before January 1, 2027. The act ends the qualified-senior primary residence real property classification for property tax years beginning on or after January 1, 2027, and changes related requirements for county assessors, county treasurers, and the property tax administrator so that the classification and all related administrative and reporting requirements end on dates that align with the end of the reduced valuation for assessment. The act changes the state property tax exemption for business personal property, commencing on and after January 1, 2027, by setting the exemption at $58,000, without an adjustment for inflation. The act also sets the reimbursement for property tax losses due to the exemption, for property tax years beginning on and after January 1, 2027, at the reimbursement amount for the 2026 property tax year.(Note: This summary applies to this bill as enacted.)
Text versions
- Introduced· Feb 19, 2026
- Engrossed· Apr 24, 2026
- Reengrossed· Apr 27, 2026
- Revised· May 8, 2026
- Rerevised· May 11, 2026
- Final Act· May 20, 2026
- Signed Act· Jun 3, 2026
Roll-call votes
State vote data last updated Oct 15, 2026, 12:03 AM.
| Date | Vote | Result | Your legislators |
|---|---|---|---|
| May 11, 2026 House | BILL | pass | Set your home in Colorado to see |
| May 8, 2026 Senate | Refer Senate Bill 26-116 to the Committee of the Whole. | pass | Set your home in Colorado to see |
| May 7, 2026 Senate | Refer Senate Bill 26-116 to the Committee on Appropriations. | pass | Set your home in Colorado to see |
| Apr 24, 2026 Senate | Adopt amendment L.007 | pass | Set your home in Colorado to see |
| Apr 24, 2026 Senate | Refer Senate Bill 26-116, as amended, to the Committee of the Whole. | pass | Set your home in Colorado to see |
| Apr 14, 2026 Senate | Refer Senate Bill 26-116, as amended, to the Committee on Appropriations. | pass | Set your home in Colorado to see |
| Apr 14, 2026 Senate | Adopt amendment L.005 (Attachment B) | pass | Set your home in Colorado to see |
Actions
- Feb 19, 2026 · Senate
Introduced In Senate - Assigned to Finance - Apr 14, 2026 · Senate
Senate Committee on Finance Refer Amended to Appropriations - Apr 24, 2026 · Senate
Senate Committee on Appropriations Refer Amended to Senate Committee of the Whole - Apr 24, 2026 · Senate
Senate Second Reading Special Order - Passed with Amendments - Committee - Apr 27, 2026 · Senate
Senate Third Reading Passed - No Amendments - Apr 27, 2026 · House
Introduced In House - Assigned to Finance - May 7, 2026 · House
House Committee on Finance Refer Unamended to Appropriations - May 8, 2026 · House
House Committee on Appropriations Refer Unamended to House Committee of the Whole - May 8, 2026 · House
House Second Reading Special Order - Passed - No Amendments - May 9, 2026 · House
House Third Reading Laid Over Daily - No Amendments - May 11, 2026 · House
House Third Reading Passed - No Amendments - May 21, 2026 · Senate
Signed by the President of the Senate - May 21, 2026 · House
Signed by the Speaker of the House - May 21, 2026
Sent to the Governor - Jun 2, 2026
Governor Signed