Colorado General Assembly Adjourns Sine Die Today, Friday, May 3rd, the final gavel came down on the first regular session of the 72nd General Assembly. In total, 653 bills were introduced in the 2019 legislative session. The Colorado Association of RELATORS® (CAR) tracked 89 bills this year that would affect our industry and the Legislative Policy Committee (LPC) took a position...
House Bill 19-1322: Expand Supply Affordable Housing ### HB19-1322, sponsored by Rep. Dylan Roberts (D-Avon), Rep. Perry Will (R-New Castle), Sen. Dominick Moreno (D-Commerce City) and Sen. Don Coram (R-Montrose), appropriates a portion of the unused funds in Colorado's Unclaimed Property Trust Fund, while protecting the 20-year claims reserve. The bill ensures all unclaimed property claims will continue to be paid and...
House Bill 19-1257 & House Bill 19-1258: TABOR Debrucing Bills HB19-1257 and HB19-1258, sponsored by Speaker KC Becker (D-Boulder), Sen. Kevin Priola (R-Henderson) and Sen. Lois Court (D-Denver) refers a measure to the 2019 statewide ballot that would let voters decide whether we authorize the state to retain state revenues in excess of the TABOR cap (the constitutional limitation on state fiscal...
Update: House Bill 19-1167: Remote Notaries Protect Privacy ### HB19-1167, sponsored by Rep. Monica Duran (D-Wheat Ridge), Rep. Terri Carver (R-Colorado Springs) and Sen. Robert Rodriguez (D-Denver), authorizes notaries public to perform a notarial act through use of audio-visual communication, commonly referred to as "remote notarization." Existing law requires an individual to appear in-person in order to get a document notarized. ### In today's...
CAR Economic Summit and REALTOR® Day at the Capitol Focus on the Importance of Homeownership Thank you to all our members and colleagues who attended CAR's Economic Summit and REALTOR® Day at the Capitol. We had a busy two-day event with over 250 REALTORS® attending from across the state. At Tuesday's Economic Summit, members had the opportunity to hear from keynote...
House Bill 19-1167: Remote Notaries Protect Privacy HB19-1167 sponsored by Representative Monica Duran (D-Wheat Ridge), Representative Terri Carver (R-Colorado Springs) and Senator Robert Rodriguez (D-Denver), authorizes notaries public to perform a notarial act through use of audio-visual communication, such as technology similar to Skype or FaceTime. It's commonly referred to as "remote notarization." Existing law requires an individual to appear in-person in...
House Bill 19-1075: Tax Credit Employer-assisted Housing Pilot Program HB19-1075, sponsored by Representative James Wilson (R-Salida), creates a pilot program to increase employer-assisted housing projects in rural areas of the state from 2019 to 2023 tax years. It creates a state income tax credit to any taxpayer that donates to a state housing authority, Colorado and Housing Finance Authority (CHFA), a...
37% of Colorado REALTORS® invested in RPAC last year to protect your business and the real estate industry. Don't let the 37% carry the burden this year. What business risks does RPAC help you mitigate? PRESERVING INCENTIVES FOR HOMEOWNERSHIP Tax deductions for mortgage interest, state and local taxes are in the cross-hairs. Congress proposes tax reform financed by modifying or removing the Mortgage Interest...