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...
Update: House Bill 19-1006: Wildfire Mitigation Wildland-Urban Interface Areas HB19-1006, sponsored by Rep. Barbara McLachlan (D-Durango), Rep. Terri Carver (R-Colorado Springs) and Sen. Rhonda Fields (D-Aurora), creates a state grant program to fund proactive forest management and fuel reduction projects to reduce the impacts of wildfires to life, property and critical infrastructure. This is one of the Wildfire Matters Review Committee bills...
House Bill 19-1228: Increase Tax Credit Allocation Affordable Housing HB19-1228, sponsored by Rep. Shannon Bird (D-Westminster), Rep. Brianna Titone (D-Arvada), Sen. Jack Tate (R-Centennial) and Sen. Rachel Zenzinger (D-Aurora), increases the annual allocation of the state's Affordable Housing Tax Credit program (AHTC), administered by the Colorado Housing and Finance Authority (CHFA), from $5 million to $10 million from 2019 through 2024....
House Bill 19-1096: Colorado Right to Rest Earlier in the week, HB19-1096, titled Colorado Right to Rest, died in the Senate Finance Committee by unanimous decision. The bill would have allowed individuals to occupy public spaces for any duration without penalty, prohibiting state and local governments from enacting or enforcing laws, ordinances, rules or regulations related to public camping. CAR's Legislative...
House Bill 19-1011 Scope of Manufactured Homes Sales Tax Exemption ### Current law defines manufactured housing as factory-built residential structures designed to be installed on a permanent foundation. This definition limits the sales tax exemption, which previously applied to structures designed for occupancy in either temporary or permanent locations. HB19-1011 clarifies the scope and changes the definition to that of a manufactured home...
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...