republic-os/legislation/us/states/co/2023b/sb-23b-001.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	2023 Property Tax Relief	Valuation changes. For the 2023 property tax year, section 1 of the act reduces the valuation for assessment (valuation) for multi-family residential real property and all other residential real property from the already temporarily reduced 2023 rate of 6.765% of the amount equal to the actual value minus the lesser of $15,000 or the amount that causes the valuation to be $1,000 to 6.7% of the amount equal to the actual value minus the lesser of $55,000 or the amount that causes the valuation to be $1,000. Reimbursement of local governments. The state is currently required to reimburse (backfill) local governmental entities for property tax revenue lost as a result of reductions in valuation enacted in 2022. The act maintains this 2022 backfill mechanism for those property tax reductions. Section 2 provides an additional backfill mechanism to backfill local governmental entities for property tax revenue lost as a result of the additional reductions in valuation enacted in the act. Section 2 requires the state to backfill the following local governmental entities a total of $54,000,000 for the total amount of property tax revenue lost by those local governmental entities as a result of the reductions in valuation in the act in the same manner as the 2022 backfill mechanism, except that:	us/states/co	Colorado General Assembly	2023B	SB 23B-001	Colorado SB 23B-001 (2023B)	bill		enacted	Chris Hansen Chris deGruy Kennedy Julie McCluskie Steve Fenberg	11	16	12	2023-11-17T07:00:00+00:00	2023-11-20T07:00:00+00:00	openstates	ocd-bill/8832e4e0-e4c7-4f4a-869b-8067ee143726	https://leg.colorado.gov/bills/sb23b-001	c2e890b9f8f8c663a18c774303b0bcfddf872c248bf488e1bba49cac37af18ab	2026-07-01	https://data.openstates.org/daily/2026-07-01/public.pgdump	2026-07-06	reported	legislation bill us-co

Colorado SB 23B-001 (2023B) — 2023 Property Tax Relief

Valuation changes. For the 2023 property tax year, section 1 of the act reduces the valuation for assessment (valuation) for multi-family residential real property and all other residential real property from the already temporarily reduced 2023 rate of 6.765% of the amount equal to the actual value minus the lesser of $15,000 or the amount that causes the valuation to be $1,000 to 6.7% of the amount equal to the actual value minus the lesser of $55,000 or the amount that causes the valuation to be $1,000. Reimbursement of local governments. The state is currently required to reimburse (backfill) local governmental entities for property tax revenue lost as a result of reductions in valuation enacted in 2022. The act maintains this 2022 backfill mechanism for those property tax reductions. Section 2 provides an additional backfill mechanism to backfill local governmental entities for property tax revenue lost as a result of the additional reductions in valuation enacted in the act. Section 2 requires the state to backfill the following local governmental entities a total of $54,000,000 for the total amount of property tax revenue lost by those local governmental entities as a result of the reductions in valuation in the act in the same manner as the 2022 backfill mechanism, except that:

Version chain

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

1. Committee Amendment (committee substitute) — source
2. Engrossed (11/18/2023) (committee substitute) — source
3. Final Act (11/20/2023) (committee substitute) — source
4. Introduced (11/17/2023) (committee substitute) — source
5. PA1 (11/17/2023) (committee substitute) — source
6. PA2 (11/19/2023) (committee substitute) — source
7. PA3 (11/19/2023) (committee substitute) — source
8. Reengrossed (11/19/2023) (committee substitute) — source
9. Rerevised (11/20/2023) (committee substitute) — source
10. Revised (11/19/2023) (committee substitute) — source
11. Signed Act (11/20/2023) (committee substitute) — source

Votes

• REPASS — 23–12 (pass) · upper
• CONCUR — 23–12 (pass) · upper
• COW * — 13–21 (fail) · upper
• COW * — 14–20 (fail) · upper
• COW * — 12–22 (fail) · upper
• COW * — 13–21 (fail) · upper
• BILL — 23–12 (pass) · upper
• COW * — 13–21 (fail) · upper
• COW * — 12–22 (fail) · upper
• COW * — 34–0 (pass) · upper
• AMEND — 22–13 (pass) · upper
• BILL — 42–18 (pass) · lower

Sponsors

• Chris Hansen — primary (person)
• Chris deGruy Kennedy — primary (person)
• Julie McCluskie — primary (person)
• Steve Fenberg — primary (person)

Timeline

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

• 2023-11-20T07:00:00+00:00 Governor Signed executive-signature
• 2023-11-20T07:00:00+00:00 Sent to the Governor executive-receipt
• 2023-11-20T07:00:00+00:00 Signed by the Speaker of the House
• 2023-11-20T07:00:00+00:00 Signed by the President of the Senate
• 2023-11-20T07:00:00+00:00 Senate Considered House Amendments - Result was to Concur - Repass
• 2023-11-20T07:00:00+00:00 House Third Reading Passed - No Amendments passage, reading-3
• 2023-11-19T07:00:00+00:00 House Second Reading Special Order - Passed with Amendments - Committee
• 2023-11-19T07:00:00+00:00 House Committee on Appropriations Refer Amended to House Committee of the Whole committee-passage, referral-committee
• 2023-11-19T07:00:00+00:00 House Committee on Transportation, Housing & Local Government Refer Amended to Appropriations referral-committee
• 2023-11-19T07:00:00+00:00 Introduced In House - Assigned to Transportation, Housing & Local Government introduction
• 2023-11-19T07:00:00+00:00 Senate Third Reading Passed with Amendments - Floor passage, reading-3
• 2023-11-18T07:00:00+00:00 Senate Second Reading Special Order - Passed with Amendments - Committee, Floor
• 2023-11-17T07:00:00+00:00 Senate Second Reading Special Order - Laid Over Daily - No Amendments
• 2023-11-17T07:00:00+00:00 Senate Committee on Appropriations Refer Unamended to Senate Committee of the Whole committee-passage, referral-committee
• 2023-11-17T07:00:00+00:00 Senate Committee on Finance Refer Amended to Appropriations referral-committee
• 2023-11-17T07:00:00+00:00 Introduced In Senate - Assigned to Finance introduction

Source

OpenStates / OpenCivicData bulk snapshot 2026-07-01; origin ocd-bill/8832e4e0-e4c7-4f4a-869b-8067ee143726. Confidence: reported (aggregated from official Colorado legislature records).