republic-os/legislation/us/states/co/2026a/sb-116.md

type, title, description, jurisdiction, legislature, session, identifier, citation, classification, subjects, status, primary_sponsors, version_count, action_count, vote_count, first_action, last_action, source, source_identifier, source_url, source_hash, vintage, source_snapshot, retrieved_at, confidence, tags

type	title	description	jurisdiction	legislature	session	identifier	citation	classification	subjects	status	primary_sponsors	version_count	action_count	vote_count	first_action	last_action	source	source_identifier	source_url	source_hash	vintage	source_snapshot	retrieved_at	confidence	tags
Bill	Property Tax Modifications	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.)	us/states/co	Colorado General Assembly	2026A	SB 116	Colorado SB 116 (2026A)	bill	Fiscal Policy & Taxes	enacted	M. Weissman Y. Zokaie	7	15	7	2026-02-19	2026-06-02	openstates	ocd-bill/57493142-5bdb-4b5f-99fe-9031064b3d8e	https://leg.colorado.gov/bills/SB26-116	36b29d632cc7a7d68475718a5f7ac02cc256fc5621114f16fa448e6908318ba6	2026-07-01	https://data.openstates.org/daily/2026-07-01/public.pgdump	2026-07-06	reported	legislation bill us-co

Colorado SB 116 (2026A) — Property Tax Modifications

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.)

Version chain

The bill's text revisions, in order — the diff chain from filing to enrollment.

1. Introduced (filed) — source
2. Engrossed (committee substitute) — source
3. Final Act (committee substitute) — source
4. Reengrossed (committee substitute) — source
5. Rerevised (committee substitute) — source
6. Revised (committee substitute) — source
7. Signed Act (committee substitute) — source

Votes

• Refer Senate Bill 26-116 to the Committee of the Whole. — pass (pass) · upper
• Adopt amendment L.005 (Attachment B) — pass (pass) · upper
• Adopt amendment L.007 — pass (pass) · upper
• BILL — pass (pass) · lower
• Refer Senate Bill 26-116, as amended, to the Committee of the Whole. — pass (pass) · upper
• Refer Senate Bill 26-116, as amended, to the Committee on Appropriations. — pass (pass) · upper
• Refer Senate Bill 26-116 to the Committee on Appropriations. — pass (pass) · upper

Sponsors

• M. Weissman — primary (person)
• Y. Zokaie — primary (person)
• I. Jodeh — cosponsor (person)
• J. Coleman — cosponsor (person)
• J. Gonzales — cosponsor (person)
• L. Cutter — cosponsor (person)
• T. Exum — cosponsor (person)

Timeline

The legislative action history — every referral, reading, and vote.

• 2026-06-02 Governor Signed executive-signature
• 2026-05-21 Sent to the Governor executive-receipt
• 2026-05-21 Signed by the Speaker of the House passage
• 2026-05-21 Signed by the President of the Senate passage
• 2026-05-11 House Third Reading Passed - No Amendments passage, reading-3
• 2026-05-09 House Third Reading Laid Over Daily - No Amendments
• 2026-05-08 House Second Reading Special Order - Passed - No Amendments
• 2026-05-08 House Committee on Appropriations Refer Unamended to House Committee of the Whole committee-passage, referral-committee
• 2026-05-07 House Committee on Finance Refer Unamended to Appropriations referral-committee
• 2026-04-27 Introduced In House - Assigned to Finance introduction
• 2026-04-27 Senate Third Reading Passed - No Amendments passage, reading-3
• 2026-04-24 Senate Second Reading Special Order - Passed with Amendments - Committee
• 2026-04-24 Senate Committee on Appropriations Refer Amended to Senate Committee of the Whole committee-passage, referral-committee
• 2026-04-14 Senate Committee on Finance Refer Amended to Appropriations referral-committee
• 2026-02-19 Introduced In Senate - Assigned to Finance introduction

Source

OpenStates / OpenCivicData bulk snapshot 2026-07-01; origin ocd-bill/57493142-5bdb-4b5f-99fe-9031064b3d8e. Confidence: reported (aggregated from official Colorado legislature records).