Property taxation: newly constructed: reconstructed property.

Legislative status

1. Introduced
2. In Committee
3. Reported by Committee
4. Floor Vote Scheduled
5. Passed One Chamber
6. Passed Both Chambers
7. Sent to Executive
8. Signed into Law

Summary

The bill lets owners of real property that was more than half destroyed by a Governor‑declared disaster apply the pre‑disaster tax base value to the rebuilt property, provided the new building is comparable in size, use and value. It sets limits of 120% of the original cash value or 110% of the original size and applies these rules for rebuilding through fiscal year 2034‑35. The measure also extends the rebuilding window for certain recent wildfires and bars state reimbursement for any lost local tax revenue.

AI-generated summary — may be incomplete or inaccurate. Verify against the official bill text.

Vote

From committee: Do pass as amended and re-refer to Com. on APPR. (Ayes 5. Noes 0. Page 4016.) (April 22). · Apr 27, 2026

Hearings

• Appropriations Committee Hearing
  Appropriations · May 14, 2026
• Appropriations Committee Hearing
  Appropriations · May 11, 2026
• Revenue and Taxation Committee Hearing
  Revenue and Taxation · Apr 22, 2026
• Revenue and Taxation
  Senate Revenue and Taxation Committee · Apr 22, 2026
• Revenue and Taxation
  Senate Revenue and Taxation Committee · Apr 8, 2026

History

1. May 14, 2026May 14 hearing: Held in committee and under submission.
2. May 12, 2026Set for hearing May 14.
3. May 11, 2026May 11 hearing: Placed on APPR. suspense file.
4. May 4, 2026Set for hearing May 11.
5. Apr 28, 2026Read second time and amended. Re-referred to Com. on APPR.
6. Apr 27, 2026From committee: Do pass as amended and re-refer to Com. on APPR. (Ayes 5. Noes 0. Page 4016.) (April 22).
7. Apr 13, 2026From committee with author's amendments. Read second time and amended. Re-referred to Com. on REV. & TAX.
8. Apr 9, 2026Set for hearing April 22.
9. Apr 1, 2026April 8 set for first hearing canceled at the request of author.
10. Mar 25, 2026Set for hearing April 8.
11. Mar 4, 2026Referred to Com. on REV. & TAX.
12. Feb 23, 2026Read first time.

The 12 most recent of 14 recorded actions.

Sponsors

• Suzette Valladares (R) · sponsor
• Allen
• Archuleta
• Valladares

Bill text

Opens the legislature’s own copy.

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