Capitol Connection – February 7, 2022

Legislative Advocacy this Week at the State Capitol

HB 1006 is supported by the Legislative Policy Committee (LPC) because it will help property owners that lease have the ability to get a property tax exemption for childcare. We think that this is a good public policy change that will help increase daycare and childcare centers in commercial buildings that might be repurposed post-pandemic and provide better access to affordable quality of life choices for property owners.

Under the state constitution, property used solely and exclusively for charitable purposes is exempt from property tax, unless otherwise provided by law. Under this constitutional authority, there is currently a statutory exemption for property used as an integral part of a childcare center. This bill modifies that exemption by repealing the requirement that the property must be owned for strictly charitable purposes and not for private gain or corporate profit, and that the property must be irrevocably dedicated to a charitable purpose. These changes allow property leased or rented by a tenant to operate a childcare center to be eligible for the property tax exemption.

HB 1030 is being monitored by the LPC. The bill creates a refundable income tax credit for tax years 2022, 2023, and 2024 for eligible individuals or package delivery companies. The credit can be claimed in an amount equal to the claimant’s cost for purchasing a  “package anti-theft device” during the tax year, up to $75. The credit may be claimed by an individual who has filed a police report for a stolen package and subsequently purchases a package anti-theft device or by a package delivery company who donates a package anti-theft device to such a person.

SB 030 is being monitored by the LPC. The bill expands the scope of the Water Resources Review Committee to include identifying, monitoring, and addressing agricultural issues, and renames it the Water Resources and Agriculture Review Committee.

In Case You Missed It

Thank you for Attending Realtor Day at the Capitol Last Week

Thank you to everyone who attended the Economic Summit and Realtor Day at the Capitol events, including our Access to Housing panel, our keynote economic address and the State Demographer Elizabeth Gardner and click here to replay the remarks from Governor Jared Polis.

Thank you to all the public officials who joined us last week, including:

Rep. Baisley

Rep. Bosenecker

Rep. Bradfield

Rep. Larson

Rep. Rich

Rep. Soper

Rep. Snyder

Rep. Van Winkle

Rep. Woog

Senator Liston

Senator Hisey

Senator Woodward

Senator Zenzinger

RPAC Announcements

REALTOR® Day RPAC Reception

Thank you to everyone who attended the RPAC Reception at REALTOR® Day last week. We had a great turn out and raised over $27,000 for RPAC that evening. Congratulations to our raffle winners for walking away with some great prizes! 

Early Bird Major Investors

Get rewarded for investing early in 2022! Make your pledge to become a 2022 Major Investor and invest your first $300 to receive a set of 2 limited-edition REALTOR® Party Coasters. As an RPAC Major Investor, you are part of an elite and passionate group of REALTORS® whose investments shape the political future of the real estate industry. Visit our website to make your investment today! 

CLICK HERE TO MAKE YOUR 2022 MAJOR INVESTOR PLEDGE

*Available to Major Investors that complete their investment or fulfill $300 of their pledge in January through March.