Bill Commons

CO SB 116

enacted

Property Tax Modifications

Colorado · 2026 Regular Session · upper

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Quick answers

Did CO SB 116 pass?

Yes. CO SB 116 has been enacted into law. Latest recorded action (2026-06-02): Governor Signed

What is CO SB 116 about?

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.)

Who sponsors CO SB 116?

Y. Zokaie, M. Weissman are the primary sponsors of CO SB 116, joined by 5 cosponsors.

Description

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.)

Introduced
2026-02-19
Latest action
2026-06-02 — Governor Signed
Bill type
bill
Last updated
—

Subjects

Sponsors

  • Y. Zokaiesponsor
  • M. Weissmansponsor
  • T. Exumcosponsor
  • I. Jodehcosponsor
  • J. Colemancosponsor
  • L. Cuttercosponsor
  • J. Gonzalescosponsor

Committees

Not provided by source.

Action timeline

Newest first

  1. 2026-06-02

    Governor Signed

    executive-signature

  2. 2026-05-21

    Signed by the President of the Senate

    passage

  3. 2026-05-21

    Signed by the Speaker of the House

    passage

  4. 2026-05-21

    Sent to the Governor

    executive-receipt

  5. 2026-05-11

    House Third Reading Passed - No Amendments

    passage,reading-3

  6. 2026-05-09

    House Third Reading Laid Over Daily - No Amendments

  7. 2026-05-08

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

    committee-passage,referral-committee

  8. 2026-05-08

    House Second Reading Special Order - Passed - No Amendments

  9. 2026-05-07

    House Committee on Finance Refer Unamended to Appropriations

    referral-committee

  10. 2026-04-27

    Senate Third Reading Passed - No Amendments

    passage,reading-3

  11. 2026-04-27

    Introduced In House - Assigned to Finance

    introduction

  12. 2026-04-24

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

    committee-passage,referral-committee

  13. 2026-04-24

    Senate Second Reading Special Order - Passed with Amendments - Committee

  14. 2026-04-14

    Senate Committee on Finance Refer Amended to Appropriations

    referral-committee

  15. 2026-02-19

    Introduced In Senate - Assigned to Finance

    introduction

Versions

Documents

Votes

  • Adopt amendment L.005 (Attachment B)

    2026-04-14 · pass · 0-0

  • Refer Senate Bill 26-116, as amended, to the Committee on Appropriations.

    2026-04-14 · 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

  • Refer Senate Bill 26-116, as amended, to the Committee of the Whole.

    2026-04-24 · 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

  • Adopt amendment L.007

    2026-04-24 · pass · 0-0

  • Refer Senate Bill 26-116 to the Committee on Appropriations.

    2026-05-07 · pass · 0-0

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

  • Refer Senate Bill 26-116 to the Committee of the Whole.

    2026-05-08 · 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

  • BILL

    2026-05-11 · pass · 0-0

    Member-level votes (65)
    • Bacon: yes
    • Barron: no
    • Boesenecker: yes
    • Bottoms: no
    • Bradfield: no
    • Bradley: no
    • Brooks: no
    • Brown: yes
    • Caldwell: no
    • Camacho: no
    • Carter: yes
    • Clifford: yes
    • DeGraaf: no
    • Duran: yes
    • English: no
    • Espenoza: yes
    • Feret: yes
    • Flanell: no
    • Froelich: yes
    • Garcia: yes
    • Garcia Sander: no
    • Gilchrist: yes
    • Goldstein: yes
    • Gonzalez R.: no
    • Hamrick: yes
    • Hartsook: no
    • Jackson: yes
    • Johnson: no
    • Joseph: yes
    • Keltie: no
    • Lieder: yes
    • Lindsay: yes
    • Luck: no
    • Lukens: yes
    • Mabrey: yes
    • Marshall: no
    • Martinez: yes
    • Mauro: yes
    • McCormick: yes
    • Nguyen: yes
    • Paschal: yes
    • Phillips: yes
    • Richardson: no
    • Ricks: no
    • Rutinel: yes
    • Rydin: yes
    • Sirota: yes
    • Slaugh: no
    • Smith: yes
    • Soper: no
    • Stewart K.: yes
    • Stewart R.: yes
    • Story: yes
    • Suckla: no
    • Taggart: no
    • Titone: yes
    • Valdez: yes
    • Velasco: yes
    • Weinberg: no
    • Willford: yes
    • Winter T.: no
    • Woodrow: yes
    • Woog: no
    • Zokaie: yes
    • McCluskie: yes

Related bills

No related bills recorded for this bill.

Official source

https://leg.colorado.gov/bills/SB26-116

Attribution

Data from openstates_api_sync, retrieved 2026-10-10T12:36:59.848701Z

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