Senate Bill-177 “Construction Defects” CAR Position: Support. The bill was introduced on Feb. 10 and was finally heard in committee on March 18 where it passed on a 6-2 vote. It is now scheduled for 2nd hearing in the Senate on March 31. The coalition is still negotiating with Speaker Dickie Lee Hullinghorst in the effort to gain her support before the bill reaches the House.
CAR’s Call to Action is on hold pending the bill’s assignment in the House. So far 1600 CAR members have responded across the State.
House Bill-1260 “Change Wildfire Mitigation Tax Deduction To Credit” Position: Support. The bill was introduced on March 4 and will be considered by the Finance Committee on April 2. The bill changes the wildfire mitigation income tax deduction to an income tax credit. The bill allows a landowner a credit of 25 percent of the costs incurred performing wildfire mitigation measures, not to exceed $2,500. Any amount in excess of the landowner’s tax liability in the year the credit is first claimed may be carried forward to offset the landowner’s future tax liability for 5 years.
IRES MLS: Come Home to Colorado 