HB 26-1066
signedTax Exemptions Low Income Rental Property Development
Plain-English Summary
AI-generatedHouse Bill 26-1066, which has been signed into law, expands tax exemptions for property used in the development of low-income rental housing. Originally, these tax breaks were available only to nonprofit organizations and community land trusts, but now they will also cover developers working on affordable residential rentals for people with lower incomes. This means that more projects aimed at providing affordable homes for rent can benefit from reduced taxes, making it easier for them to build or renovate properties. The bill is now law and will affect property developers and owners involved in low-income housing initiatives across Colorado.
Official Summary
Current law provides an exemption for taxation on property acquired and developed for low-income housing by nonprofit housing providers, community land trusts, and nonprofit affordable homeownership developers. The bill expands the exemption to also include property intended for low-income residential rental property.(Note: This summary applies to this bill as introduced.)
Details
- Chamber
- House
- First action
- 2026-05-14
- Latest action
- 2026-01-21
- Last action desc.
- Introduced In House - Assigned to Finance
- OpenStates
- View source ↗
Related Legislation
This bill affects (15)
relatesHB 24-1192(2024A)· signedDepartment of Local Affairs Supplemental
relatesSB 23-124(2023A)· signedDepartment of Local Affairs Supplemental
relatesHB 24-1411(2024A)· signedIncrease in Property Tax Exemption Filing Fees
relatesHB 26-1001(2026A)· signedHousing Developments on Qualifying Properties
relatesSB 26-144(2026A)· signedModify Property Tax Lien Sales Treasurer Deeds & Fees
relatesHB 22-1392(2022A)· signedContaminated Land Income Tax & Property Tax Credit
relatesHB 25-1199(2025A)· signedProperty Tax Payment Schedule
relatesHB 26-1161(2026A)· signedDepartment of Local Affairs Supplemental
relatesHB 26-1364(2026A)· signed2025 Consumer Price Index Calculation
relatesHB 23-1184(2023A)· signedLow-income Housing Property Tax Exemptions
relatesSB 25-100(2025A)· signedDepartment of Local Affairs Supplemental
relatesHB 24-1308(2024A)· signedEffective Implementation of Affordable Housing Programs
relatesSB 18-070(2018A)· signedChurch Property Tax Exemption
relatesHB 22-1006(2022A)· signedChild Care Center Property Tax Exemption
Affected by (2)
relatesSB 26-144(2026A)· signedModify Property Tax Lien Sales Treasurer Deeds & Fees
relatesHB 26-1364(2026A)· signed2025 Consumer Price Index Calculation
Votes
Adopt amendment L.001
2026-02-23 · House · pass — Yes: — · No: — · Other: —
Adopt amendment L.003
2026-02-23 · House · pass — Yes: — · No: — · Other: —
Refer House Bill 26-1066, as amended, to the Committee on Appropriations.
2026-02-23 · House · pass — Yes: — · No: — · Other: —
Adopt amendment L.002
2026-02-23 · House · pass — Yes: — · No: — · Other: —