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Committee advances bill to tighten review of property-tax exemptions for metro‑district leases
Summary
The committee unanimously sent House Bill 12 89 to the Committee of the Whole after sponsors and county assessors said the bill would require additional disclosure and local review when property is leased to a metro district, closing what assessors described as an unintended loophole that can allow private gain.
The House Finance Committee advanced House Bill 12 89 as amended, a measure that would increase reporting and local review when real property is leased to a public entity—such as a metropolitan district—for public use. Sponsors and county assessors argued the bill is intended to protect property-tax bases by ensuring exemptions are used only for legitimate public purposes.
Denver County Assessor Keith Erthmeier, testifying for the Colorado Assessors Association, described the issue as an “unintended consequence” of existing law, saying it can occur when landowners also control a metro district’s board and lease parcels to that…
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