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Bill: HB18-1036
Title: Reduce Business Personal Property Taxes
Position
House SponsorsT. Leonard (R)
Senate SponsorsT. Neville (R)
House CommitteeState, Veterans, & Military Affairs
Senate Committee
Official Summary

There is currently an exemption from property tax for business
personal property that would otherwise be listed on a single personal
property schedule that is equal to $7,400 for the current property tax year
cycle. The bill raises the exemption to $50,000 commencing in tax year
2018, and continues to adjust it for inflation for subsequent property tax
cycles, so that businesses with personal property under $50,000, or the

inflation adjusted amount, would not have to file the business personal
property tax forms nor pay the corresponding tax.
The bill also raises the value of business personal property that
qualifies for an exemption for consumable property from $350, which is
the value set by the property tax administrator, to $500.

Comment
Hearing Date
StatusHouse Committee on State, Veterans, & Military Affairs Postpone Indefinitely (02/01/2018)
Fiscal NotesFiscal Notes (07/16/2018)

Bill: HB18-1038
Title: Land Surveyors Continuing Education Requirement
Position
House SponsorsD. Valdez (D)
Senate SponsorsK. Donovan (D)
D. Coram (R)
House CommitteeBusiness Affairs & Labor
Senate CommitteeState, Veterans, and Military Affairs
Official Summary

The bill requires the state board of licensure for architects,
professional engineers, and professional land surveyors to adopt rules
establishing a continuing education requirement to maintain the
continuing competency of professional land surveyors.

Comment
Hearing Date
StatusSenate Committee on State, Veterans, & Military Affairs Postpone Indefinitely (02/28/2018)
Fiscal NotesFiscal Notes (07/23/2018)

Bill: HB18-1117
Title: Self-service Storage Facility Personal Property Liens
Position
House SponsorsK. Van Winkle (R)
J. Coleman (D)
Senate SponsorsJ. Tate (R)
House CommitteeBusiness Affairs & Labor
Senate CommitteeBusiness, Labor and Technology
Official Summary

The bill modifies the law governing the statutory lien that an
owner of a self-storage facility has for the occupant's late payment of rent
or other charges by:
  • Specifically including late fees in the lien;
  • Allowing the rental agreement to limit the aggregate value
of the property that may be stored in the occupant's storage

space; and
  • Specifying that property stored in the occupant's storage
space may be sold at an online auction website to satisfy
the lien.

Comment
Hearing Date
StatusGovernor Signed (03/22/2018)
Fiscal NotesFiscal Notes (06/21/2018)

Bill: HB18-1122
Title: Accounting Of Conservation Easements In The State
Position
House SponsorsK. Lewis (R)
Senate SponsorsJ. Sonnenberg (R)
V. Marble (R)
House CommitteeHealth, Insurance, & Environment
Senate Committee
Official Summary

A conservation easement is an agreement in which a property
owner agrees to limit the use of his or her land in perpetuity in order to
protect one or more specified conservation purposes. The instruments
creating the easement are recorded in the public records affecting the
ownership of the property. The easement is held by a third party (holder),
which monitors the use of the land and ensures that the terms of the

agreement are upheld.
Current law allows a taxpayer to claim a state income tax credit for
a portion of the value of a perpetual conservation easement that is granted
by the taxpayer on real property located in the state. The aggregate
amount of credits that may be claimed each year by all taxpayers is
capped at $45 million; except that the amount of credits allowed in recent
years has been substantially lower than that amount.
There is currently no centralized public source of information to
identify the number, size, location, or validity of conservation easements
in the state and whether the conservation purposes of the easements are
being monitored and defended. The bill requires a comprehensive
accounting of the conservation easements that have been created in the
state since 1998. The state auditor shall contract with an independent
contractor to perform the accounting. The accounting includes
information about the instruments creating each easement, the size and
location of each easement, the grantors and holders of each easement, tax
credits claimed for the donation of each easement, and whether the
conservation purposes of each easement are being protected. The
accounting includes the creation of a corresponding map showing the
location of each conservation easement in the state.
Certain public entities are encouraged to provide information and
input into the preparation of the accounting. The state auditor is directed
to review the accounting and present it at a public meeting to the
legislative audit committee by a specified date. The committee is required
to conduct a subsequent meeting to allow public testimony on the
accounting. The auditor is further directed to annually update the
information in the accounting and make it available to the public on the
auditor's website.

Comment
Hearing Date
StatusHouse Committee on Health, Insurance, & Environment Postpone Indefinitely (03/15/2018)
Fiscal NotesFiscal Notes (06/11/2018)

Bill: HB18-1123
Title: Conservation Easement Tax Credit Time Out
Position
House SponsorsK. Lewis (R)
Senate SponsorsJ. Sonnenberg (R)
V. Marble (R)
House CommitteeHealth, Insurance, & Environment
Senate Committee
Official Summary

Current law allows a taxpayer to claim a state income tax credit for
a portion of the value of a perpetual conservation easement that is granted

by the taxpayer on real property located in the state. The bill places a
3-year moratorium on the ability of a taxpayer to claim the credit from
January 1, 2019, through December 31, 2021.

Comment
Hearing Date
StatusHouse Committee on Health, Insurance, & Environment Postpone Indefinitely (03/15/2018)
Fiscal NotesFiscal Notes (08/13/2018)

Bill: HB18-1128
Title: Protections For Consumer Data Privacy
Position
House SponsorsC. Wist (R)
J. Bridges (D)
Senate SponsorsL. Court (D)
K. Lambert (R)
House CommitteeState, Veterans, & Military Affairs
Senate CommitteeState, Veterans, and Military Affairs
Official Summary

Except for conduct in compliance with applicable federal, state, or
local law, the bill requires public and private entities in Colorado that
maintain paper or electronic documents (documents) that contain personal
identifying information (personal information) to develop and maintain
a written policy for the destruction and proper disposal of those
documents. Entities that maintain, own, or license personal information,

including those that use a nonaffiliated third party as a service provider,
shall implement and maintain reasonable security procedures for the
personal information. The notification laws governing disclosure of
unauthorized acquisitions of unencrypted and encrypted computerized
data are expanded to specify who must be notified following such
unauthorized acquisition and what must be included in such notification.

Comment
Hearing Date
StatusGovernor Signed (05/29/2018)
Fiscal NotesFiscal Notes (06/26/2018)

Bill: HB18-1150
Title: Local Government Liable Fracking Ban Oil And Gas Moratorium
Position
House SponsorsP. Buck (R)
Senate Sponsors
House CommitteeState, Veterans, & Military Affairs
Senate Committee
Official Summary

The bill specifies that a local government that bans hydraulic
fracturing of an oil and gas well is liable to the mineral interest owner for
the value of the mineral interest and that a local government that enacts
a moratorium on oil and gas activities shall compensate oil and gas
operators, mineral lessees, and royalty owners for all costs, damages, and

losses of fair market value associated with the moratorium.

Comment
Hearing Date
StatusHouse Committee on State, Veterans, & Military Affairs Postpone Indefinitely (03/07/2018)
Fiscal NotesFiscal Notes (06/11/2018)

Bill: HB18-1153
Title: Property Casualty Insurance Claim Appraisal Procedures
Position
House SponsorsJ. Becker (R)
Senate SponsorsD. Coram (R)
House CommitteeFinance
Senate Committee
Official Summary

The bill addresses the situation in which appraisers and, if
necessary, an umpire selected by the appraisers or by a court attempt to

agree on the fair value of property covered by a property and casualty
insurance policy. Specifically, the bill:
  • Disqualifies any person from serving as an appraiser or
umpire if the person has a known, direct, and material
interest in the outcome of the appraisal proceeding or a
known, direct, and substantial relationship with a party to
the proceeding;
  • Requires appraisers and umpires to disclose any prior
relationships or interests that might affect their objectivity;
and
  • Prohibits ex parte communications by or with an umpire.

Comment
Hearing Date
StatusHouse Committee on Finance Postpone Indefinitely (03/19/2018)
Fiscal NotesFiscal Notes (07/10/2018)

Bill: HB18-1174
Title: Sunset Continue Board Of Mortgage Loan Originators
Position
House SponsorsJ. Arndt (D)
M. Gray (D)
Senate SponsorsK. Priola (R)
House CommitteeBusiness Affairs & Labor
Senate CommitteeBusiness, Labor and Technology
Official Summary

Sunset Process - House Business Affairs and Labor
Committee. The bill implements the recommendations of the department

of regulatory agencies in its sunset review of the board of mortgage loan
originators.
Sections 1 and 2 (Recommendation 1) of the bill continue the
board for 11 years, until September 1, 2029.
Section 3 (Recommendation 2) commences the 60-day period
within which the board must act on a license application on the date when
all information, including supplementary information, necessary to
process the application has been received rather than on the date when the
application is first received.
Section 3 (Recommendation 3) also aligns the educational
requirements for initial licensure as an MLO with the educational
requirements of the federal Secure and Fair Enforcement for Mortgage
Licensing Act of 2008 (the SAFE Act).
Section 4 (Recommendation 4) aligns the standards for
disqualifying prior convictions with the corresponding standards in the
SAFE Act and applies those standards to renewal and revocation as well
as initial licensure.
Section 5 (Recommendation 5) allocates one of the 3 seats on the
board that is assigned to mortgage loan originators (MLOs) to an MLO
representing a small Colorado-based mortgage company that primarily
brokers mortgage loans.

Comment
Hearing Date
StatusGovernor Signed (05/29/2018)
Fiscal NotesFiscal Notes (09/07/2018)

Bill: HB18-1175
Title: Sunset Community Association Managers
Position
House SponsorsT. Kraft-Tharp (D)
D. Thurlow (R)
Senate SponsorsR. Gardner (R)
House CommitteeBusiness Affairs & Labor
Senate CommitteeFinance
Official Summary

Sunset Process - House Business Affairs and Labor

Committee. Sections 1 and 2 of the bill continue the licensing of
community association managers and management companies, subject to
regulation by the director of the division of real estate, for an additional
5 years, until September 1, 2023. (Recommendation 1)
Section 3 allows certain ministerial functions to be delegated to
unlicensed persons while maintaining the license requirement for
higher-level management functions such as the conduct of board
meetings, handling of money, and negotiation of maintenance contracts.
The director is authorized to adopt rules further clarifying these
distinctions if necessary. (Recommendation 3)
Sections 4 and 6 through 8 scale back the amount of, and
circumstances in which, direct supervision of an apprentice is required
and specify that a supervising manager is accountable for the actions of
an apprentice. Section 5 gives the director authority to adopt rules
governing supervision of apprentices. (Recommendation 4)
Section 9 removes the automatic acceptance of certain private
credentials as qualifications for licensure and substitutes a requirement
that the director specify the acceptable credentials by rule.
(Recommendation 5)
Sections 10 and 11 add due-process protections and specific
procedural requirements to the director's authority to issue
cease-and-desist orders. The director also has the option to issue an order
to show cause and to hold a hearing before, rather than after, ordering a
respondent to cease and desist from suspected unauthorized practices.
(Recommendation 6)

Comment
Hearing Date
StatusSenate Committee on Finance Postpone Indefinitely (04/10/2018)
Fiscal NotesFiscal Notes (07/23/2018)

Bill: HB18-1181
Title: Nonresident Electors And Special Districts
Position
House SponsorsL. Liston (R)
Senate SponsorsJ. Tate (R)
House CommitteeState, Veterans, & Military Affairs
Senate CommitteeState, Veterans, and Military Affairs
Official Summary


Section 1 of the bill expands the definition of eligible elector, as
used in reference of persons voting in special district elections, to include
a person who owns, or whose spouse or civil union partner owns, taxable
real or personal property situated within the boundaries of the special
district or the area to be included in the special district and who has
satisfied all other requirements in the bill for registering to vote in an
election of a special district but who is not a resident of the state.
Section 2 prohibits a person from voting in a special district
election unless that person is an eligible elector as defined by the bill. The
section also requires any person desiring to vote at any election as an
eligible elector to sign a self-affirmation that the person is an elector of
the special district. The bill specifies the form the affirmation must take.
Section 3 specifies procedures by which the eligible elector
becomes registered to be able to vote in the special district election. This
section also contains an affirmation to be executed by the voter upon
completing his or her application for registration.
A person who is designated as an eligible elector in accordance
with the bill is only permitted to vote in an election of the special district
with which the person has registered and for a candidate for the board of
directors of the special district (board) who is listed on the ballot of the
special district with which the elector is registered. A person who is
designated as an eligible elector in accordance with the bill is only
permitted to vote for candidates for the board and is not authorized to
vote for any other candidates or ballot issues or ballot questions that may
appear on the regular ballot of the special district.
The form used to register an eligible elector under this section
must contain a question asking the elector to confirm that he or she
desires to receive a ballot from the special district. Unless the elector has
executed the form to indicate that he or she desires to receive a ballot
from the special district, the designated election official is not required to
send a ballot to the elector. The special district is solely responsible for
maintaining the list of nonresident owners of property within the special
district who are eligible to vote in an election of the special district.
Section 4 authorizes each special district board to select, in an
exercise of its own discretion and by majority vote of the board's voting
members, one or more additional board members, each of whom shall
serve as a nonvoting member of the board. A member of the board
appointed for this purpose must be a person who is a nonresident of the
state of Colorado but is otherwise eligible to cast a ballot in elections of
the special district in accordance with the bill. A board with 3 members
may appoint no more than one nonvoting member of the board. A board
with 5 members may appoint no more than 2 nonvoting members of the
board. The term of such board members is 4 years subject to renewal of
one or more additional 4-year terms in the discretion of a majority of the
voting members of the board. Any board member appointed for this
purpose may be removed for cause at any time by a majority of the voting
members of the board.

Comment
Hearing Date
StatusGovernor Vetoed (06/01/2018)
Fiscal NotesFiscal Notes (07/20/2018)

Bill: HB18-1194
Title: Conservation Easement Transparency
Position
House SponsorsK. Lewis (R)
Senate SponsorsV. Marble (R)
J. Sonnenberg (R)
House CommitteeHealth, Insurance, & Environment
Senate Committee
Official Summary

A conservation easement is an agreement in which a landowner
agrees to limit the use of his or her land in perpetuity in order to protect
one or more specified conservation purposes. The easement is held by a
third party (holder), which monitors the use of the land and ensures that
the terms of the agreement are upheld.
Current law allows a taxpayer to claim a state income tax credit for

a portion of the value of a conservation easement that is granted in
perpetuity. A landowner must submit an application for the tax credit
along with a fee, an appraisal setting forth the value of the easement, and
other materials to the division of real estate in the department of
regulatory agencies (division). The division reviews the application and,
if the easement and its appraised value meet the applicable statutory
requirements, grants the application to claim the tax credit.
Section 1 of the bill freezes the amount of the application fee to
the amount charged as of January 1, 2018. Fees are not allowed to be
reduced for multiple applicants. If the director of the division believes
that the appraisal submitted by the landowner is not credible, the bill
allows the landowner to submit 2 additional appraisals and the director
must accept the average amount of the 3 appraisals as the value of the
easement. The director is required to consider the appraisals as submitted
and not attempt to influence the substance of the appraisals.
Section 2 requires the governing body of a local government in
which a conservation easement is located to hold a public hearing before
a conservation easement is created, modified, or transferred. Public notice
is required prior to the hearing and the grantor of the easement, the holder
of the easement, and the public are allowed to testify.
Section 3 limits the terms of conservation easements to 20 years.
The instrument creating an easement is required to clearly set forth the
conservation purposes of the easement and require the holder to provide
a monitoring and compliance report to the landowner not less than
annually. Prior to creating an easement a landowner is required to execute
a disclosure form acknowledging certain specified consequences and
risks associated with creating the easement.
Prior to incurring any costs associated with creating an easement,
a landowner must sign a good faith estimate of the costs associated with
the creation of the easement. The landowner cannot be held liable
subsequently for any costs that exceed amounts in the estimate.
A holder of a conservation easement is prohibited from permitting
or benefiting financially from any type of development on the property
subject to the conservation easement including the development of wind,
solar, oil, gas, or mineral resources on the property.
Section 4 specifies that any instrument modifying the terms of an
easement must be recorded in the public real property records.
Section 5 allows a landowner to transfer or extinguish a
conservation easement if the holder becomes insolvent, dissolved, or
delinquent or otherwise fails to monitor and protect the conservation
purposes of the easement.

Comment
Hearing Date
StatusHouse Committee on Health, Insurance, & Environment Postpone Indefinitely (03/15/2018)
Fiscal NotesFiscal Notes (08/15/2018)

Bill: HB18-1195
Title: Tax Credit Contributions Organizations Affordable Housing
Position
House SponsorsD. Pabon (D)
J. Bridges (D)
Senate SponsorsJ. Tate (R)
House CommitteeFinance
Senate CommitteeState, Veterans, and Military Affairs
Official Summary

For income tax years commencing on or after January 1, 2019, but
prior to January 1, 2030, the bill creates a state income tax credit for a
donation of cash or securities a taxpayer makes to an eligible developer

to be used solely for the costs associated with an eligible project.
The bill defines eligible developer to mean, in part, a nonprofit
community-based home ownership development organization that
satisfies specified requirements relating to its background in the field of
housing development and is developing or plans to develop the eligible
project that is or will be receiving the donations for which the tax credits
may be claimed. The bill defines eligible project to mean the
development of new residential housing for home ownership consisting
of one or more residential units constructed for sale to a buyer whose
median income is 120% or less of the area median income and for which
each unit sold is to be preserved as affordable housing by means of a
specified deed restriction. In order to be designated as an eligible
developer authorized to accept donations, a nonprofit community-based
home ownership development organization must satisfy certain criteria
as created and evaluated by the Colorado housing and finance authority
(authority).
The amount of the credit allowed by the bill is 50% of the amount
of the money or the value of the securities donated to the eligible
developer as documented in a form and manner acceptable to the
department of revenue (department); except that the aggregate amount of
the credit awarded to any one taxpayer under the bill is limited to
$250,000 in any one income tax year.
The aggregate amount of tax credits certified is limited to $20
million for each of the January 1, 2020, through the January 1, 2029, tax
years.
If the amount of the credit allowed exceeds the amount of the
taxpayer's income tax liability in the income tax year for which the credit
is being claimed, the amount of the credit not used as an offset against
income taxes in such income tax year is not allowed as a refund but may
be carried forward and applied against the income tax due in each of the
5 succeeding income tax years, but must first be applied against the
income tax due for the earliest of the income tax years possible.
A tax credit allowed by the bill is neither transferable nor
assignable to any other taxpayer.
In order to claim the credit, the donation the taxpayer provides to
obtain the credit must be accepted by the eligible developer to whom it
has been given and certified by the authority. The authority is required to
certify each donation. The authority completes certification by providing
a certificate to the taxpayer in a format acceptable to the department
evidencing that the certification requirements of the bill have been met.
The authority is permitted to charge and collect an administrative fee
from each applicant to recover program administration costs and
expenses.
A taxpayer claiming the credit must submit, maintain, and record
any information that the department may require by rule regarding the
taxpayer's donation to the eligible developer, including the certificate
received from the authority. A taxpayer is required to electronically file
with the department the certificate the taxpayer receives from the
authority.
The tax credit is repealed, effective July 1, 2040.

Comment
Hearing Date
StatusSenate Committee on State, Veterans, & Military Affairs Postpone Indefinitely (05/07/2018)
Fiscal NotesFiscal Notes (09/11/2018)

Bill: HB18-1224
Title: Licensee Discipline Mediation State Agency
Position
House SponsorsY. Willett (R)
Senate SponsorsR. Gardner (R)
House CommitteeState, Veterans, & Military Affairs
Senate CommitteeFinance
Official Summary

Current law requires state agencies to give a licensee:
  • Notice of facts or conduct that may warrant revocation,
suspension, annulment, limitation, or modification of a

license;
  • An opportunity to submit written data, views, and
arguments with respect to the facts or conduct; and
  • A reasonable opportunity to comply with all lawful
requirements except for a willful violation or violation that
is a danger to public health and safety.
When a matter pertains to a license concerning an occupation,
section 1 of the bill requires a state agency:
  • To include a person who has authority to make prehearing
decisions concerning disposition of the issue in settlement
and mediation meetings and communications with the
licensee; and
  • To include a mediator at the expense of the licensee upon
the licensee's request.
If an agency fails to comply with these requirements, section 1
authorizes the licensee to petition the administrative law judge or hearing
officer to enjoin proceedings and order mediation. Administrative law
judges are instructed to make themselves available for mediation if
feasible. Procedures are set for mediation. If mediation fails, the agency
may continue to seek discipline upon instituting a disciplinary hearing
against a licensee, and the agency must notify the licensee of current law
and the additional requirements in the bill.
Section 3 of the bill clarifies that a court may overturn discipline
for a failure to follow the requirements of current law, as modified by the
bill in section 1.

Comment
Hearing Date
StatusGovernor Signed (05/29/2018)
Fiscal NotesFiscal Notes (08/09/2018)

Bill: HB18-1254
Title: Public Trustee Deed Of Trust Foreclosure Sales
Position
House SponsorsK. Van Winkle (R)
Senate SponsorsJ. Smallwood (R)
House CommitteeFinance
Senate CommitteeFinance
Official Summary

The bill modifies and clarifies certain aspects of the foreclosure
process on property encumbered by a deed of trust as follows:
  • Eliminates the authority of the attorney for a holder of an
evidence of debt (holder) to specify the newspaper used to
publish foreclosure notices;
  • Allows an amended combined notice to be omitted in a

specified circumstances when the notice is provided by the
sheriff or public trustee conducting the foreclosure
(officer);
  • Modifies the amount of the deposit required for the fees
and costs of the public trustee;
  • Omits a statement notifying borrowers of their ability to
file a complaint if they believe a lender or servicer has
violated certain requirements from the portions of a
combined notice that must be published;
  • Makes changes to the bid form used by holders;
  • Clarifies the amount to be paid to the officer if the holder
bids an amount that exceeds the amount due to the holder;
  • Prorates the amount of insurance premiums that may be
claimed as costs;
  • Further specifies and modifies the procedures for restarting
a foreclosure proceeding when a property is subject to a
federal bankruptcy case or if a sale has been enjoined or set
aside by a court;
  • Specifies the interest and other amounts that may be
charged by the holder of a certificate of purchase when
property is redeemed; and
  • Clarifies the procedure for junior subsequent lienors to
redeem a property.

Comment
Hearing Date
StatusGovernor Signed (04/23/2018)
Fiscal NotesFiscal Notes (06/14/2018)

Bill: HB18-1283
Title: Classify Residential Land Change In Improvements
Position
House SponsorsA. Benavidez (D)
Senate SponsorsT. Neville (R)
House CommitteeFinance
Senate CommitteeFinance
Official Summary

When residential improvements are destroyed, demolished, or
relocated on or after January 1, 2018, that, were it not for their
destruction, demolition, or relocation, would have qualified the land upon

which the improvements were located as residential land for the following
property tax year, the bill requires the residential land classification to
remain in place for the year in which the improvements were destroyed,
demolished, or relocated and one subsequent property tax year if the
assessor determines that evidence is present that the owner intends to
rebuild or locate a residential improvement on the land. For purposes of
making this determination, the assessor may consider, but is not limited
to considering, a building permit or other land development permit for the
land, construction plans for such residential improvement, or efforts by
the owner to obtain financing for a residential improvement.
The residential land classification of the land must change
according to current use if:
  • A new residential improvement or part of a new residential
improvement is not constructed or placed on the land in
accordance with applicable land use regulations prior to the
January 1 of the property tax year immediately following
the 2-year period described in the bill;
  • The assessor determines that the classification of the land
at the time of the destruction, demolition, or relocation was
erroneous; or
  • A change of use has occurred. For purposes of the bill, a
change of use does not include the temporary loss of the
residential use due to the destruction, demolition, or
relocation of the residential improvement.

Comment
Hearing Date
StatusGovernor Signed (05/29/2018)
Fiscal NotesFiscal Notes (07/23/2018)

Bill: HB18-1290
Title: Sunset Certification Of Conservation Easement Holders
Position
House SponsorsP. Lawrence (R)
D. Roberts (D)
Senate SponsorsJ. Sonnenberg (R)
House CommitteeTransportation & Energy
Senate CommitteeState, Veterans, and Military Affairs
Official Summary

Sunset Process - House Transportation and Energy
Committee. The bill implements the recommendations of the department

of regulatory agencies in its sunset review of the certification of
conservation easement holders by:
  • Continuing the certification of conservation easement
holders by the conservation easement oversight
commission (commission) for 7 years until 2025
(Recommendation 1);
  • Authorizing the director of the division of real estate
(director), in consultation with the commission, to share
conservation easement information with a third-party
vendor to develop a registry of conservation easements in
the state for which conservation easement holders have
received tax credits (Recommendation 4); and
  • Authorizing the division of real estate to establish rules, in
consultation with the commission, to cap the number of
applications that the division accepts each month for tax
credit certificates and preliminary advisory opinions
(Recommendation 5).

Comment
Hearing Date
StatusSenate Committee on State, Veterans, & Military Affairs Postpone Indefinitely (05/02/2018)
Fiscal NotesFiscal Notes (06/14/2018)

Bill: HB18-1291
Title: Sunset Conservation Easement Oversight Commission
Position
House SponsorsF. Winter (D)
D. Thurlow (R)
Senate SponsorsJ. Sonnenberg (R)
House CommitteeTransportation & Energy
Senate CommitteeState, Veterans, and Military Affairs
Official Summary

Sunset Process - House Transportation and Energy
Committee. The bill implements the recommendations of the department
of regulatory agencies in its sunset review of the conservation easement

oversight commission by extending the repeal date of the commission for
7 years until 2025 (Recommendation 2). The bill modifies the
composition of the commission and reduces the number of members on
the commission from in 7 to 5 members in accordance with
Recommendation 3; except that it retains the current member representing
the great outdoors Colorado program and adds one member of the general
public rather than two.
The commission is currently a type 2 entity, which means its
powers, duties, and functions belong to the executive director of the
department of regulatory agencies. The bill changes the commission to a
type 1 entity, allowing the commission to exercise its powers, duties, and
functions independently.

Comment
Hearing Date
StatusGovernor Signed (05/29/2018)
Fiscal NotesFiscal Notes (08/15/2018)

Bill: HB18-1380
Title: Grants For Property Tax Rent And Heat
Position
House SponsorsM. Weissman (D)
T. Exum Sr. (D)
Senate SponsorsJ. Kefalas (D)
B. Martinez Humenik (R)
House CommitteePublic Health Care and Human Services
Senate CommitteeState, Veterans, and Military Affairs
Official Summary

A low-income senior or individual with a disability is currently
eligible for 2 types of annual state assistance grants administered by the
department of revenue related to his or her property: A grant for their
property taxes or rent paid, with the latter being deemed a tax-equivalent
payment (property tax and rent assistance grant), and a grant for heat or

fuel expenses (heat assistance grant). Together these are commonly
known as the PTC rebate.
The bill expands the property tax and rent assistance grant by
repealing the requirement that rent must be paid to a landlord that pays
property tax. For grants claimed for 2018, the bill also increases the:
  • Maximum property tax and rent assistance grant from $700
to $753;
  • Maximum heat assistance grant from $192 to $206; and
  • Flat grant amount, which is the minimum grant amount,
from $227 to $244 for the property tax and rent assistance
grant and from $73 to $78 for the heat assistance grant,
assuming that the actual expenses exceed these amounts.
All of these increases reflect inflationary growth since 2014, and all of
these amounts will continue to be adjusted annually for inflation.
Under current law, the maximum eligible income amounts and the
phase-out amount are also annually adjusted for inflation, albeit without
being defined as such. The amounts specified for grants claimed for 2018
are the inflation-adjusted amounts, and they will continue to be adjusted
for inflation in the future.
Obsolete provisions relating to grants claimed for past years are
repealed and other provisions relating to grants prior to 2018 are repealed
after they become obsolete in the future.

Comment
Hearing Date
StatusSenate Committee on State, Veterans, & Military Affairs Postpone Indefinitely (05/03/2018)
Fiscal NotesFiscal Notes (06/11/2018)

Bill: SB18-086
Title: Cyber Coding Cryptology For State Records
Position
House SponsorsJ. Ginal (D)
B. Rankin (R)
Senate SponsorsA. Williams (D)
K. Lambert (R)
House CommitteeBusiness Affairs & Labor
Senate CommitteeBusiness, Labor and Technology
Official Summary

The chief information security officer in the governor's office of
information technology (OIT), the director of OIT, the department of
state, and the executive director of the department of regulatory agencies
are required to take certain actions to protect state records containing
trusted sensitive and confidential information from criminal,
unauthorized, or inadvertent manipulation or theft.

The chief information security officer is required to:
  • Identify, assess, and mitigate cyber threats to state
government;
  • Annually collect information from all public agencies to
assess the nature of threats to data systems and the potential
risks and civil liabilities from the theft or inadvertent
release of such information;
  • In coordination and partnership with specified agencies,
boards, and councils, annually assess the data systems of
each public agency for the benefits and costs of adopting
and applying distributed ledger technologies such as
blockchains;
  • Develop and maintain a series of metrics to identify, assess,
and monitor each public agency data system for its
platform descriptions, vulnerabilities, risks, liabilities,
appropriate employee access control, and the benefits and
costs of adopting encryption and distributed ledger
technologies.
The director of OIT is required to consider the annual metrics from
the office of the chief information security officer to recommend
programs, contracts, and upgrades of data systems that have good
cost-benefit potential or return on investment. In addition, OIT and the
office of the chief information security officer are required to consider
developing public-private partnerships and contracts to allow
capitalization of encryption technologies while protecting intellectual
property rights.
The department of state is required to consider research,
development, and implementation for encryption and data integrity
techniques, including distributed ledger technologies such as blockchains.
The department of state is required to consider using distributed ledger
technologies when accepting business licensing records and when
distributing department of state data to other departments and agencies.
The executive director of the department of regulatory agencies or
the director's designee is required to consider secure encryption methods,
including distributed ledger technologies, to protect against falsification,
create visibility to identify external hacking threats, and to improve
internal data security.
In addition, the bill specifies that institutions of higher education
may include distributed ledger technologies within their curricula and
research and development activities.
The bill also specifies that the university of Colorado at Colorado
Springs and any nonprofit organization with which the university has a
partnership may consider:
  • Encouraging coordination with the United States
department of commerce and the national institute of
standards and technologies to develop the capability to act
as a Colorado in-state center of excellence on cybersecurity
advice and national institute of standards and technologies
standards;
  • Studying efforts to protect privacy of personal identifying
information maintained within distributed ledger programs,
ensuring that programs make all attempts to follow best
practices for privacy, and providing advice to all program
stakeholders on the requirement to maintain privacy in
accordance with required regulatory bodies and governing
standards; and
  • Encouraging the use of distributed ledger technologies,
such as blockchains, within their proposed curricula for
public sector education.

Comment
Hearing Date
StatusGovernor Signed (05/30/2018)
Fiscal NotesFiscal Notes (09/06/2018)

Bill: SB18-109
Title: Authorize Audio-video Communication Notarial Acts
Position
House SponsorsA. Garnett (D)
C. Wist (R)
Senate SponsorsR. Gardner (R)
House CommitteeJudiciary
Senate CommitteeBusiness, Labor and Technology
Official Summary

Current law requires an individual who wishes to have a document
notarized to appear personally before the notary public. The bill
authorizes notaries public to perform a notarial act on behalf of an
individual who is not in the notary's physical presence, but only with
respect to an electronic document.
To perform a remote notarization, a notary must use a

tamper-evident electronic system that conforms to standards established
by rules of the secretary of state, including using real-time audio-video
communications and keeping an audio-video recording of the notarization
for at least 10 years. The bill establishes the standards that a notary must
comply with to have satisfactory evidence of the identity of the person
seeking the remote notarization. A notary is prohibited from using
information collected during a remote notarization other than as allowed
by applicable federal or state law.

Comment
Hearing Date
StatusHouse Committee on Appropriations Postpone Indefinitely (05/10/2018)
Fiscal NotesFiscal Notes (07/31/2018)

Bill: SB18-125
Title: Title Insurance Entity Fiduciary Duties
Position
House SponsorsP. Lee (D)
Senate SponsorsR. Gardner (R)
D. Kagan (D)
House CommitteeBusiness Affairs & Labor
Senate CommitteeBusiness, Labor and Technology
Official Summary

The bill requires title insurance companies, title insurance agents,
and their agents and affiliates to hold funds belonging to others in a
fiduciary capacity. Fiduciary funds means all funds received in
conjunction with real estate closing and settlement services. The
commissioner of insurance shall promulgate rules regarding fiduciary

funds. Violation of title insurance entity fiduciary duties is an unfair act
or deceptive practice in the business of insurance.

Comment
Hearing Date
StatusGovernor Signed (03/29/2018)
Fiscal NotesFiscal Notes (08/03/2018)

Bill: SB18-210
Title: Amend Regulation Of Appraisal Management Companies
Position
House SponsorsJ. Arndt (D)
E. Hooton (D)
Senate SponsorsJ. Tate (R)
House CommitteeBusiness Affairs & Labor
Senate CommitteeBusiness, Labor and Technology
Official Summary

Section 1 of the bill amends the definition of appraisal
management company to contain all of the elements specified in recent
amendments to Title XI of the federal Financial Institutions Reform,

Recovery, and Enforcement Act of 1989 (FIRREA) and regulations
adopted in furtherance of FIRREA. Section 1 also adds a definition of
appraiser panel to include appraisers working as independent
contractors.
Section 2 requires the state board of real estate appraisers to
maintain a separate list of appraisal management companies (AMCs) that
have an appraiser panel larger than the federal jurisdictional threshold of
15 appraisers in Colorado or 25 appraisers in all states in which the
company operates.
Section 3 directs the board to require that an AMC establish
processes and controls to ensure compliance with the federal Truth in
Lending Act and applicable federal regulations.
Section 4 directs the board to:
  • Collect an annual registry fee from appraisal management
companies that operate as subsidiaries of federally
regulated financial institutions; and
  • Transmit that fee to the federal financial institutions
examinations council.

Comment
Hearing Date
StatusGovernor Signed (05/29/2018)
Fiscal NotesFiscal Notes (09/11/2018)

Bill: SB18-248
Title: Additional Revenues Urban Renewal Projects
Position
House SponsorsP. Lawrence (R)
M. Gray (D)
Senate SponsorsB. Martinez Humenik (R)
House CommitteeFinance
Senate CommitteeFinance
Official Summary

Under current law, in connection with the use of a special fund
(fund) of an urban renewal authority (authority) to collect the increment
used to finance urban renewal projects, any additional revenues received

by a municipality, county, special district, or school district (collectively,
taxing entity) resulting because the voters have authorized the taxing
entity to retain and spend such money under the TABOR requirements of
the state constitution after the creation of the fund or as a result of an
increase in the property tax mill levy approved by the voters of the taxing
entity after the creation of the fund, to the extent the total mill levy of any
taxing entity exceeds the respective mill levy in effect at the time of
approval or substantial modification of the urban renewal plan, are not
included in the amount of the increment that is allocated to and, when
collected, paid into the special fund.
Under the bill, such additional revenues that have been received
because of the 2 specified forms of voter-approved revenue changes are
restricted from being pledged by an authority for the payment of any
bonds of, or any loans or advances to, or any indebtedness incurred by the
authority without the consent of the relevant taxing entity. To the extent
the authority has received a certain notification specified in the bill, such
additional revenues shall then be promptly repaid by the authority to the
municipality or other taxing entity. The bill requires the authority to be
notified of the amount of additional revenues and the calculations used in
computing the amount by the applicable municipality or other taxing
entity prior to making repayment and, in any event, not later than
February 1 in each fiscal year following the year in which a
voter-approved revenue increase has taken effect.
The bill permits an authority and a municipality or any other taxing
entity to negotiate for the purpose of entering into an agreement on the
issues of the amount of repayment, the mechanics of how repayment of
the additional revenues will be accomplished, a method for resolving
disputes regarding the amount of repayment, and whether the
municipality or taxing entity will waive the repayment requirement,
singularly or in combination, and are further authorized to enter into an
intergovernmental agreement regarding any of these issues.

Comment
Hearing Date
StatusGovernor Signed (05/30/2018)
Fiscal NotesFiscal Notes (07/23/2018)

Bill: SB18-273
Title: Senior Property Tax Exemption Medical Necessity
Position
House SponsorsT. Carver (R)
Senate SponsorsR. Gardner (R)
House CommitteeState, Veterans, & Military Affairs
Senate CommitteeFinance
Official Summary

The bill specifies that for property tax years commencing on or
after January 1, 2019, a senior is deemed to be a 10-year owner-occupier
of a primary residence that the senior has owned and occupied for less
than 10 years and therefore qualifies for the senior property tax exemption
for the residence if:
  • The senior would have qualified for the senior property tax
exemption for the senior's former primary residence but
medical necessity forced the senior to stop occupying the
former primary residence; and
  • The senior has not owned and occupied another primary
residence since the senior first stopped occupying his or her
former primary residence due to medical necessity.
Medical necessity is defined as a medical condition verified by a
physician licensed to practice medicine in Colorado that required a senior
to move from the senior's primary residence to a primary residence that
the senior can freely occupy without using stairs or a primary residence
that is not located in a high-altitude area.
When applying for such an exemption, a senior must provide to the
assessor written verification of medical necessity from a physician
licensed to practice medicine in Colorado.

Comment
Hearing Date
StatusHouse Committee on State, Veterans, & Military Affairs Postpone Indefinitely (05/08/2018)
Fiscal NotesFiscal Notes (06/11/2018)
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