Bill Commons

CO HB 1206

passed one chamber

Improved Funding to Support Development

Colorado · 2026 Regular Session · lower

Description

The bill gives city and county housing authorities (housing authority) the power to provide for the levy of a sales tax, sales and use tax, or property tax both within the jurisdiction of the authority, the resulting revenue of which will be directed to the housing authority, subject to the following conditions:The city or county has adopted a resolution determining that the levying of the tax will fairly distribute the costs of the housing authority's activities among the beneficiaries of the housing authority's activities and will not impose an undue burden on any particular group of people or businesses ; andA ballot question has been submitted to a vote of the registered electors of the city or county and subsequently approved by a majority of such registered electors, and the ballot question describes the purposes for which the tax will be used by the housing authority and complies with section 20 of article X of the state constitution. All new tax revenues generated are irrevocably pledged to the authority for the purposes set forth in the ballot question.     If a sales or sales and use tax is approved by the voters of a housing authority:The rate of the sales or sales and use tax must not exceed 1% on any transaction taxable by the state , excluding the sale or use of cigarettes ; andThe executive director of the department of revenue shall collect, administer, and enforce the tax, and the city or county shall pay the net incremental cost incurred by the department in the administration and collection of the tax.      The authority shall designate a liaison to coordinate with the department of revenue to implement the collection of the tax and to identify people eligible to collect the sales and use tax; and      The tax revenue must be directed to a fund of the authority.The provisions authorizing the levy of the sales or sales and use tax will only take effect if the department of revenue receives an amount of gifts, grants, and donations sufficient to pay for the department's costs in administering the tax.      If an ad valorem property tax is approved by the voters of a housing authority:The rate of the ad valorem property tax must not exceed 5 mills on each dollar of valuation for assessment of the taxable property within the authority's jurisdiction;The board of county commissioners of the county in which the housing authority is located shall levy the ad valorem property tax upon the valuation for assessment of all taxable property within the authority's jurisdiction;The officials charged with collecting ad valorem property taxes for the county in which the housing authority is located shall collect the taxes at the time and in the form and manner and with like interest and penalties as other property taxes collected within the county;The property tax revenue must be directed to a fund of the authority; andAll property tax revenue, together with interest thereon and penalties for default in payment thereof, and all costs of collecting the same shall constitute, until paid, a perpetual lien on and against the property taxed, and such lien shall be on a parity with the tax lien of other general taxes.     The bill gives county housing authorities the power to issue revenue or general obligation bonds and to pledge the authority's revenues and revenue-raising powers for the payment of such bonds.      The bill allows an urban renewal authority to enter into a shortfall guaranty contract with an urban renewal project developer (developer) specifying that, if the tax increment revenue is insufficient to pay the indebtedness incurred by the authority that is due, the developer is obligated to make a direct payment covering the full amount of the insufficiency. A shortfall guaranty contract:Constitutes a lien on the urban renewal project property the same as, and equal in priority to, a tax lien;Has priority over any mortgage, lien that is not a tax lien, or other encumbrance;Constitutes a covenant running with the land for the term of the contract; andMay be recorded against the real property upon which the urban renewal project is developed.(Note: Italicized words indicate new material added to the original summary; dashes through words indicate deletions from the original summary.)(Note: This summary applies to the reengrossed version of this bill as introduced in the second house.)

Introduced
2026-02-12
Status date
—
Latest action
2026-05-11 — Senate Third Reading Passed - No Amendments
Bill type
bill
Last updated
—

Subjects

Sponsors

  • W. Lindstedtsponsor
  • A. Benavidezsponsor
  • J. Josephsponsor
  • R. Gonzalezsponsor
  • C. Kippcosponsor
  • I. Jodehcosponsor
  • J. Gonzalescosponsor
  • T. Exumcosponsor
  • L. Daughertycosponsor
  • J. Danielsoncosponsor
  • L. Cuttercosponsor
  • K. Wallacecosponsor
  • J. Bridgescosponsor
  • M. Ballcosponsor
  • J. Amabilecosponsor
  • R. Englishcosponsor
  • M. Durancosponsor
  • A. Boeseneckercosponsor
  • J. Colemancosponsor
  • T. Sullivancosponsor
  • D. Robertscosponsor
  • J. Marchmancosponsor

Committees

Not provided by source.

Action timeline

  1. 2026-05-11

    House Considered Senate Amendments - Result was to Not Concur - Request Conference Committee

  2. 2026-04-27

    House Second Reading Special Order - Laid Over Daily with Amendments - Committee, Floor

  3. 2026-05-11

    Senate Third Reading Passed - No Amendments

    passage,reading-3

  4. 2026-05-08

    Senate Third Reading Laid Over to 05/11/2026 - No Amendments

  5. 2026-05-07

    Senate Second Reading Special Order - Passed with Amendments - Committee, Floor

  6. 2026-05-07

    Senate Committee on Appropriations Refer Unamended to Senate Committee of the Whole

    committee-passage,referral-committee

  7. 2026-05-05

    Senate Committee on Finance Refer Amended to Appropriations

    referral-committee

  8. 2026-04-29

    Introduced In Senate - Assigned to Finance

    introduction

  9. 2026-04-28

    House Third Reading Passed - No Amendments

    passage,reading-3

  10. 2026-04-27

    House Second Reading Special Order - Passed with Amendments - Committee, Floor

  11. 2026-04-24

    House Committee on Appropriations Refer Amended to House Committee of the Whole

    committee-passage,referral-committee

  12. 2026-03-23

    House Committee on Finance Refer Amended to Appropriations

    referral-committee

  13. 2026-02-12

    Introduced In House - Assigned to Finance

    introduction

Versions

Documents

Votes

  • Adopt amendment L.001

    2026-03-23 · pass · 0-0

    Member-level votes (3)
    • Ken DeGraaf: excused
    • Lorena Garcia: excused
    • Anthony Hartsook: excused

  • Adopt amendment L.004

    2026-03-23 · pass · 0-0

    Member-level votes (3)
    • Ken DeGraaf: excused
    • Lorena Garcia: excused
    • Anthony Hartsook: excused

  • Adopt amendment L.007

    2026-03-23 · fail · 0-0

    Member-level votes (11)
    • Max Brooks: no
    • Sean Camacho: yes
    • Ken DeGraaf: no
    • Lorena Garcia: no
    • Ryan Gonzalez: yes
    • Anthony Hartsook: excused
    • Bob Marshall: yes
    • Rebekah Stewart: yes
    • Yara Zokaie: no
    • Brianna Titone: no
    • Steven Woodrow: yes

  • Adopt amendment L.002

    2026-03-23 · pass · 0-0

    Member-level votes (3)
    • Ken DeGraaf: excused
    • Lorena Garcia: excused
    • Anthony Hartsook: excused

  • Adopt amendment L.006

    2026-03-23 · pass · 0-0

    Member-level votes (3)
    • Ken DeGraaf: excused
    • Lorena Garcia: excused
    • Anthony Hartsook: excused

  • Refer House Bill 26-1206, as amended, to the Committee on Appropriations.

    2026-03-23 · pass · 0-0

    Member-level votes (11)
    • Sean Camacho: yes
    • Ken DeGraaf: no
    • Ryan Gonzalez: yes
    • Anthony Hartsook: excused
    • Bob Marshall: no
    • Rebekah Stewart: yes
    • Yara Zokaie: yes
    • Brianna Titone: yes
    • Steven Woodrow: yes
    • Max Brooks: no
    • Lorena Garcia: yes

  • Adopt amendment L.009

    2026-04-24 · pass · 0-0

  • Refer House Bill 26-1206, as amended, to the Committee of the Whole.

    2026-04-24 · pass · 0-0

    Member-level votes (11)
    • Andrew Boesenecker: yes
    • Scott Bottoms: no
    • Junie Joseph: yes
    • Karen McCormick: yes
    • Matt Soper: no
    • Rick Taggart: no
    • Brianna Titone: yes
    • Elizabeth Velasco: yes
    • Yara Zokaie: yes
    • Emily Sirota: yes
    • Kyle Brown: yes

  • Refer House Bill 26-1206, as amended, to the Committee on Appropriations.

    2026-05-05 · pass · 0-0

    Member-level votes (9)
    • Adrienne Benavidez: yes
    • Scott Bright: no
    • Lisa Frizell: no
    • Chris Kolker: yes
    • Kyle Mullica: yes
    • Cleave Simpson: no
    • Marc Snyder: yes
    • Janice Marchman: yes
    • Cathy Kipp: yes

  • Adopt amendment L.022 (Attachment F)

    2026-05-05 · pass · 0-0

  • Refer House Bill 26-1206 to the Committee of the Whole.

    2026-05-07 · pass · 0-0

    Member-level votes (7)
    • Julie Gonzales: yes
    • Barbara Kirkmeyer: no
    • Chris Kolker: yes
    • Larry Liston: no
    • Byron Pelton: no
    • Jeff Bridges: yes
    • Judy Amabile: yes

  • BILL

    2026-05-11 · pass · 0-0

    Member-level votes (36)
    • Amabile: yes
    • Baisley: no
    • Ball: yes
    • Benavidez: yes
    • Bridges: yes
    • Bright: no
    • Carson: no
    • Catlin: no
    • Cutter: yes
    • Danielson: yes
    • Daugherty: yes
    • Exum: yes
    • Frizell: no
    • Gonzales J.: yes
    • Hinrichsen: yes
    • Jodeh: yes
    • Kipp: yes
    • Kirkmeyer: no
    • Kolker: yes
    • Lindstedt: yes
    • Liston: no
    • Marchman: yes
    • Mullica: yes
    • Pelton B.: no
    • Pelton R.: no
    • Rich: no
    • Roberts: yes
    • Rodriguez: yes
    • Simpson: no
    • Snyder: yes
    • Sullivan: yes
    • Wallace: yes
    • Weissman: yes
    • Zamora Wilson: no
    • Coleman: yes
    • President: yes

Related bills

No related bills recorded for this bill.

Official source

https://leg.colorado.gov/bills/HB26-1206

Attribution

Data from openstates_bulk_csv, retrieved 2026-07-24T03:52:26.466301Z

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