SB 21-020

  • Colorado Senate Bill
  • 2021 Regular Session
  • Introduced in Senate Mar 04, 2021
  • Passed Senate Mar 02, 2021
  • Passed House Apr 09, 2021
  • Signed by Governor Apr 22, 2021

Energy Equipment And Facility Property Tax Valuation

Abstract

The act ensures that clean energy resources and energy storage systems used to store electricity are assessed for valuation for the purpose of property taxation in a similar manner to renewable energy facility property used to generate and deliver electricity. The act also modifies the income approach for certain renewable energy facilities by extending the"tax factor" from a 20-year period to a 30-year period. It also specifies that after the 20- or 30-year period, as applicable, a tax factor is not applied and the taxable value shall not exceed the depreciated value floor calculated using the cost basis method. The administrator is also required to utilize the income approach for solar energy facilities that generate 2 megawatts or less, so that similar facilities will be valued in the same manner.(Note: This summary applies to this bill as enacted.)

Bill Sponsors (4)

Votes


Actions


Apr 22, 2021

Office of the Governor

Governor Signed

Apr 14, 2021

Office of the Governor

Sent to the Governor

Apr 13, 2021

House

Signed by the Speaker of the House

Senate

Signed by the President of the Senate

Apr 09, 2021

House

House Third Reading Passed - No Amendments

Apr 08, 2021

House

House Second Reading Passed - No Amendments

Apr 05, 2021

House

House Committee on Finance Refer Unamended to House Committee of the Whole

  • Committee-Passage
  • Referral-Committee
Finance House Committee of the Whole

Mar 24, 2021

House

House Committee on Energy & Environment Refer Unamended to Finance

  • Referral-Committee
Energy & Environment Finance

Mar 04, 2021

House

Introduced In House - Assigned to Energy & Environment + Finance

  • Introduction
Energy & Environment Finance

Mar 02, 2021

Senate

Senate Third Reading Passed - No Amendments

Senate

Senate Third Reading Reconsidered - No Amendments

Senate

Senate Third Reading Passed - No Amendments

Mar 01, 2021

Senate

Senate Second Reading Passed - No Amendments

Feb 24, 2021

Senate

Senate Committee on Finance Refer Unamended to Senate Committee of the Whole

  • Committee-Passage
  • Referral-Committee
Senate Committee of the Whole Finance

Feb 16, 2021

Senate

Introduced In Senate - Assigned to Finance

  • Introduction
Finance

Bill Text

Bill Text Versions Format
Signed Act (04/22/2021) PDF
Final Act (04/13/2021) PDF
Rerevised (04/09/2021) PDF
Revised (04/08/2021) PDF
Reengrossed (03/02/2021) PDF
Engrossed (03/01/2021) PDF
Introduced (02/16/2021) PDF
Committee Amendment PDF

Related Documents

Document Format
Fiscal Note FN1 (02/17/2021) PDF
Fiscal Note FN2 (02/22/2021) PDF
Fiscal Note FN3 (06/28/2021) PDF

Sources

Data on Open States is updated periodically throughout the day from the official website of the Colorado General Assembly.

If you notice any inconsistencies with these official sources, feel free to file an issue.