HB 25-1289: Metropolitan District Leases & Property Tax Exemptions - Colorado

Rerevised (04/22/2025) → Revised (04/21/2025) · 4 edits

MODERATE

The bill was revised to update its title and sponsorship information, and to add new language clarifying property tax exemption rules. The revision adds specific references to existing tax exemption sections and introduces new filing requirements for metropolitan districts entering into lease agreements effective on or after January 1, 2025.

Scope change

The bill's scope was expanded to include additional property tax exemption sections and new filing requirements for metropolitan districts with lease agreements effective January 1, 2025 or later.

TECHNICAL

Updated the version header from 'REREVISED' to 'REVISED' and changed the description of amendments from 'Adopted in the Second House' to 'Adopted on Second Reading in the Second House'.

Removed Senate sponsorship names (Weissman, Frizell, Cutter, Exum, Gonzales J., Hinrichsen, Jodeh, Kipp, Michaelson, Jenet, Wallace, Winter F.) and the '3rd Reading Unamended' date stamp from the document header.

REQUIREMENT

Added new language (lines 19-26) specifying that metropolitan districts must file additional documentation with county assessors for lease agreements effective on or after January 1, 2025, in support of property tax exemption claims.

ELIGIBILITY

Added specific references to six existing property tax exemption sections (8-82-104, 22-32-127, 29-4-227, 30-11-104.2, 31-15-802, and 43-1-214) to clarify which exemptions are affected by the lease termination provisions.

PA1 (03/21/2025) → Rerevised (04/22/2025) · 4 edits

MODERATE

The bill was re-revised to include all amendments adopted in the Second House, expanding the list of co-sponsors and updating the legislative history to reflect the 3rd Reading Unamended status in the Senate. The substantive text of the bill regarding property tax exemptions for leased real property to public entities remains largely unchanged, though some specific subsections related to metropolitan district reporting requirements were removed in the revision.

Scope change

The bill's scope regarding property tax exemptions for leased property to public entities remains the same, but the legislative history and sponsor list were updated to reflect additional Senate co-sponsors and the final amended status.

TECHNICAL

Added additional Senate co-sponsors (Cutter, Exum, Gonzales J., Hinrichsen, Jodeh, Kipp, Michaelson Jenet, Wallace, Winter F.) to the Senate sponsorship list.

Updated legislative status headers to reflect 'REREVISED' status and '3rd Reading Unamended' dates for both House and Senate.

Updated bill summary date references to reflect the revised timeline, changing from March 21, 2025 to March 26, 2025 for the House 3rd Reading.

REQUIREMENT

Removed subsections (F) and (G) related to metropolitan district reporting requirements, including statements about property use, authority to use property, private use disclosures, and board member disclosure filings.

Final Act (05/12/2025) → PA1 (03/21/2025) · 5 edits

MODERATE

The bill was amended to clarify and strengthen reporting requirements for metropolitan districts claiming property tax exemptions on leased real property. The changes add specific disclosure obligations for districts to document how they use leased properties and whether private persons use them for private purposes. It also establishes a formal review process where county assessors must forward statements to governing bodies within 14 days, and governing bodies must issue written decisions within 180 days on whether the property qualifies for the exemption.

Scope change

The bill's scope expanded to specifically address metropolitan districts and their lease agreements effective as of January 1, 2025 or later, requiring additional documentation and oversight not previously mandated for all public entities claiming property tax exemptions.

REQUIREMENT

Added new subsection (F) requiring metropolitan districts to file detailed statements describing property use, authority to use property for district purposes, any private use of the property, and any conflict of interest disclosures.

ENFORCEMENT

Added new subsection (G) establishing a formal review timeline where county assessors must submit statements to governing bodies within 14 days, and governing bodies must issue written decisions with findings of fact within 180 days.

DEFINITION

Added definitions for 'Governing Body' and 'Leased Property' to clarify who must comply with new reporting requirements and what property types are covered.

TIMELINE

Changed the effective date for certain provisions from January 1, 2009 to January 1, 2025 for metropolitan district lease agreements.

TECHNICAL

Removed preliminary notes about bill preparation and signature status that were included in the final act version but not part of the actual legislative text.

Engrossed (03/25/2025) → Reengrossed (03/26/2025) · 3 edits · Apr 22, 2025

MINOR

The bill was reengrossed to include additional co-sponsors from both the House and Senate, expanding the legislative support for the measure. Minor formatting updates were made to the header and summary notes to reflect the reengrossed status. No substantive policy changes, eligibility criteria, or funding provisions were altered in the visible text.

TECHNICAL

Additional co-sponsors (Bacon, Barron, Boesenecker, Duran, English, Gonzalez R., Hamrick, Keltie, Lieder, Marshall, Martinez, McCluskie, Pugliese, Rutinel, Suckla, Titone, Velasco, Weinberg) were added to the House sponsorship list.

Header text was updated from 'ENGROSSED' to 'REENGROSSED' with revised language indicating amendments were adopted in the House of Introduction.

Lines 5-10 of the bill text were removed, which appeared to contain provisions related to Metropolitan District disclosure filings and lease property disclosures.

Introduced (02/28/2025) → Engrossed (03/25/2025) · 3 edits · Apr 22, 2025

MINOR

This bill was amended during the House's second reading to update the filing requirements for metropolitan districts claiming property tax exemptions on leased property. The changes clarify the effective date of lease agreements that must be filed and reorganize the disclosure statement requirements for transparency.

Scope change

The bill's applicability now specifically targets lease agreements effective on or after January 1, 2025, rather than those filed on or after January 1, 2020.

REQUIREMENT

Updated the filing deadline criteria for metropolitan districts to apply to lease agreements effective on or after January 1, 2025, instead of those filed on or after January 1, 2020.

Reorganized the disclosure statement requirements for metropolitan districts, clarifying that the statement must describe the district's use of leased property, authority to use it, any private use, and any related disclosures filed by board members.

TECHNICAL

Minor formatting changes including page number adjustments and removal of the 'Introduced' header in favor of an 'Engrossed' status indicating all amendments have been adopted.

Metropolitan District Leases & Property Tax Exemptions

What changed between versions

How they voted

Actions timeline

Sponsors