Legislative Advocacy This Week at the Capitol CAR is on day 76 of the 120-day state legislative session. The week of March 25th is officially the start of the legislature's budget-setting bill, known as the 'Long Bill'. The limited 2024-2025 fiscal year budget is projected to create existential hurdles for legislation with large state expenditures. The annual budget bill will be...
Legislative Advocacy This Week at the Capitol Last Friday (3/15), the quarterly state revenue forecast was released, which allows legislators to finalize the state budget for 2024-25 and determine what funding, if any, is available for programs within 2024 legislation. This is the last revenue forecast of the 2024 legislative session and now legislators will begin hearing and evaluating bills in Appropriations...
Legislative Advocacy This Week at the Capitol The Colorado Association of REALTORS® is past the halfway point in the 2024 legislative session. Bill introductions are starting to slow down, but more can be expected. CAR is strongly supporting SB-106 because it has the potential to correct issues underlying the lack of entry-level housing construction and is opposing HB-1300 because it would...
Legislative Advocacy This Week at the Capitol The Colorado Association of REALTORS® is now in its 55th day of the 120-day legislative session. Just over two-thirds of all introduced legislation originated in the state House of Representatives, and we expect to see more bills introduced with late status. This week holds two high priority bills highlighted below with the links you...
Support Right to Remedy Construction Defects Colorado needs more affordable and attainable housing options and legislators can act now to address this challenge. SB24-106 - Right to Remedy Construction Defects - addresses right-to-remedy, informed consent, and negligence per se. This bill will be heard in the Senate Local Government & Housing Committee at 2pm MT on March 5th. These much-needed reforms will help...
Congratulations to the 17 CAR members who were inducted into the NAR Hall of Fame! The Hall of Fame recognizes dedicated members who have made a significant commitment to RPAC over the years by investing an aggregate lifetime amount of at least $25,000. If you would like to know more about NAR's Hall of Fame or RPAC, reach out to [email protected] ...
Legislative Advocacy This Week at the Capitol We are on the 48th day of the state’s 120-day legislative session. The Colorado Association of REALTORS® has 70 bills in its stack out of the 541 total introduced. CAR is advocating to protect homeowner equity and private property rights in many bills this session and is anticipating long-term property tax relief solutions the Property Tax...
Legislative Advocacy This Week at the Capitol We are in the 42nd day of the state’s 120-day legislative session. The Colorado Association of REALTORS® has 69 bills in its stack out of the 529 total introduced. CAR’s political advocacy efforts achieved significant amendments in landlord-tenant legislation protecting the property rights of housing providers and ensuring they can place their properties on...
NEW Bill Coming Soon on Short-Term Rentals (STRs) We expect a new bill on short-term rentals (STRs) to be introduced this week. The Colorado Association of REALTORS (CAR) worked proactively with the bill sponsors, Rep. Bird and Sen. Mullica, to exempt a property owner’s primary and secondary residence from being defined as a “commercial short-term rental unit” and assessed at a...
REALTOR “Day Under the Dome” on February 6th After a few years away from the Capitol, we are excited to have nearly 60 REALTORS® from across the state descend on the Capitol on Tuesday, February 6th for our annual REALTOR® “Day Under the Dome.” The purpose of this day is to engage and educate legislators on legislation affecting REALTORS® and the...