Gov't Affairs, Govt - CO Assoc. of Realtors®

Legislative Update

HB 1260 “Wildfire Tax Credit” CAR Position: Support This bill was amended because of its fiscal note. Instead, the amended version would give property owners double deductions for wildfire mitigation efforts. HB 1348 “Urban Redevelopment Fairness Act” CAR Position: Oppose This bill is cosponsored by many Northern Colorado legislators and seems likely to pass. The… Continue reading Legislative Update

Gov't Affairs, Govt - CO Assoc. of Realtors®

Legislative Update

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… Continue reading Legislative Update

Gov't Affairs, Govt - CO Assoc. of Realtors®

Construction Defects Call to Action

House Bill-1260 “Change Wildfire Mitigation Tax Deduction To Credit” was introduced on March 4 with its first hearing scheduled in the Finance Committee on March 24. 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… Continue reading Construction Defects Call to Action