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

---
type: "Bill"
title: "Property Tax Modifications"
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.)"
jurisdiction: "us/states/co"
legislature: "Colorado General Assembly"
session: "2026A"
identifier: "SB 116"
citation: "Colorado SB 116 (2026A)"
classification: ["bill"]
subjects: ["Fiscal Policy & Taxes"]
status: "enacted"
primary_sponsors: ["M. Weissman", "Y. Zokaie"]
version_count: 7
action_count: 15
vote_count: 7
first_action: "2026-02-19"
last_action: "2026-06-02"
source: "openstates"
source_identifier: "ocd-bill/57493142-5bdb-4b5f-99fe-9031064b3d8e"
source_url: "https://leg.colorado.gov/bills/SB26-116"
source_hash: "36b29d632cc7a7d68475718a5f7ac02cc256fc5621114f16fa448e6908318ba6"
vintage: "2026-07-01"
source_snapshot: "https://data.openstates.org/daily/2026-07-01/public.pgdump"
retrieved_at: "2026-07-06"
confidence: "reported"
tags: ["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](https://leg.colorado.gov/bill_files/112256/download)
2. **Engrossed** (committee substitute) — [source](https://leg.colorado.gov/bill_files/115169/download)
3. **Final Act** (committee substitute) — [source](https://leg.colorado.gov/bill_files/116577/download)
4. **Reengrossed** (committee substitute) — [source](https://leg.colorado.gov/bill_files/115275/download)
5. **Rerevised** (committee substitute) — [source](https://leg.colorado.gov/bill_files/116279/download)
6. **Revised** (committee substitute) — [source](https://leg.colorado.gov/bill_files/116204/download)
7. **Signed Act** (committee substitute) — [source](https://leg.colorado.gov/bill_files/116953/download)

## 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](https://data.openstates.org/daily/2026-07-01/public.pgdump); origin `ocd-bill/57493142-5bdb-4b5f-99fe-9031064b3d8e`. Confidence: reported (aggregated from official Colorado legislature records).