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HB 1206COLORADOSession 2026AState Billpassed both

Passed

Colorado HB 1206 authorizes local housing authorities to levy new sales and property taxes with voter approval

Original title: Improved Funding to Support Development

Last action · May 11, 2026: Senate Third Reading Passed - No AmendmentsSponsors: Ryan Gonzalez and 21 others

Bill progressHistory & official text ↓

Introduced

Committee

Floor Vote

Passed

Law

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What This Bill Would Do

The bill allows city and county housing authorities to levy local sales and use taxes up to 1% or es up to 5 , subject to voter approval and a preceding local government resolution. It also permits county housing authorities to issue bonds and allows urban renewal authorities to enter into shortfall guaranty contracts with developers.

Why it matters

Local taxpayers could face new sales or property tax levies if voters approve ballot measures to fund housing authority programs, and urban renewal developers may be contractually bound to cover tax increment financing shortfalls with their own direct payments.

Who It Would Affect

Groups the bill's text would affect if enacted, as described in the record. Being affected is not a position for or against it.

Directly affected

city and county housing authorities

Housing authorities gain new authority to propose local taxes, direct revenues to authority funds, and issue bonds.

Directly affected

urban renewal project developers

Developers may enter into shortfall guaranty contracts obligating them to make direct payments for funding insufficiencies, backed by property liens.

Directly affected

registered electors

Registered voters must approve any proposed housing authority sales or property tax via a ballot question.

Key Facts

You don't have to trust us. Each fact below is taken straight from the official document - click any one to see the exact passage, highlighted in the original.

Frequently Asked Questions

What conditions must be met before a housing authority can levy a new tax?

The city or county must adopt a resolution finding the tax fairly distributes costs without undue burdens, and a majority of registered electors must approve a ballot question describing the tax purposes.

What is the maximum allowable rate for a new housing authority sales tax?

The rate cannot exceed 1% on any transaction taxable by the state, excluding the sale or use of cigarettes.

What happens if tax increment revenue is insufficient to pay urban renewal project indebtedness?

An urban renewal authority can enter into a shortfall guaranty contract requiring the project developer to make a direct payment covering the full amount of the insufficiency.

What else do you want to know?

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Where This Stands

Currently passed both. The next step in the legislative lifecycle is Law.

Procedural history

13 actions

May 11, 2026SenateFloor
Senate Third Reading Passed - No Amendments
May 11, 2026House
House Considered Senate Amendments - Result was to Not Concur - Request Conference Committee
May 8, 2026Senate
Senate Third Reading Laid Over to 05/11/2026 - No Amendments
May 7, 2026SenateCommittee
Senate Committee on Appropriations Refer Unamended to Senate Committee of the Whole
May 7, 2026Senate
Senate Second Reading Special Order - Passed with Amendments - Committee, Floor
May 5, 2026SenateCommittee
Senate Committee on Finance Refer Amended to Appropriations

Show 7 earlier actions

Apr 29, 2026SenateIntroduced
Introduced In Senate - Assigned to Finance
Apr 28, 2026HouseFloor
House Third Reading Passed - No Amendments
Apr 27, 2026House
House Second Reading Special Order - Passed with Amendments - Committee, Floor
Apr 27, 2026House
House Second Reading Special Order - Laid Over Daily with Amendments - Committee, Floor
Apr 24, 2026HouseCommittee
House Committee on Appropriations Refer Amended to House Committee of the Whole
Mar 23, 2026HouseCommittee
House Committee on Finance Refer Amended to Appropriations
Feb 12, 2026HouseIntroduced
Introduced In House - Assigned to Finance

Version history

Only one version on file - nothing to compare yet. As later stages (committee substitute, engrossed, enrolled) are captured, the redline appears here.

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