# Colorado SB26-116: Property Tax Modifications

Colorado SB26-116, Property Tax Modifications, is a 2026 Regular Session Senate bill sponsored by Mike Weissman (Democratic), Yara Zokaie (Democratic); status signed, last action 2026-06-02 (Governor Signed); PRIA reads it as touching household money (as of 2026-10-16).

- Canonical: https://policyrisk.com/state-bill/CO-SB26-116-2026A
- As of: 2026-10-16
- Plain-text twin of the page above; the HTML and this file carry the same facts.

## Facts
- Bill: Colorado SB26-116
- State: Colorado
- Session: 2026 Regular Session
- Title: Property Tax Modifications
- Status: signed
- Chamber: Senate
- Introduced: 2026-02-19
- Last action: 2026-06-02, Governor Signed
- Sponsors: Mike Weissman (Democratic), Yara Zokaie (Democratic)
- Cosponsors: 5
- Subjects: Fiscal Policy & Taxes
- Touches household money: yes
- Roll calls: 6 (86 yes, 51 no in all)
- Economic provisions PRIA read: 3

## Summary

No summary available.

## Bill overview: provisions PRIA read

- Annual state payments replace local tax revenue: benefit, low. The state must send counties reimbursement payments by April 15, 2028, then on April 15 each year thereafter. Each county’s payment uses the statutory calculation for the 2026 property tax year. Money comes from the state General Fund to replace revenue lost to the business personal property exempt…
- Time limits for senior home tax classification: cost, low. The qualified-senior home tax classification applies only to the 2025 and 2026 property tax years. The home must be the owner-occupier’s primary residence on the assessment date. Owners must apply by July 15 of the first year sought, no later than July 15, 2026. The supplied provision does not stat…
- Business property tax exemption stops inflation increases: mixed, medium. Beginning January 1, 2027, the law sets a fixed business personal property tax exemption and ends inflation adjustments. The detailed provision lists $58,000 per business, but the bill summary lists $60,000; the supplied materials conflict. The exemption shields business property from tax, but its…

## Sponsors and cosponsors

- Sponsor: Mike Weissman (Democratic), Senate
- Sponsor: Yara Zokaie (Democratic), House
- Cosponsor: Iman Jodeh (Democratic), Senate
- Cosponsor: James Coleman (Democratic), Senate
- Cosponsor: Julie Gonzales (Democratic), Senate
- Cosponsor: Lisa Cutter (Democratic), Senate
- Cosponsor: Tony Exum (Democratic), Senate

## Roll call votes

| Date | Chamber | Motion | Result | Yes | No | Other |
| --- | --- | --- | --- | --- | --- | --- |
| 2026-05-11 | House | Third reading: Bill | pass | 39 | 26 |   |
| 2026-05-08 | House | Refer Senate Bill 26-116 to the Committee of the Whole. | pass | 8 | 3 |   |
| 2026-05-07 | House | Refer Senate Bill 26-116 to the Committee on Appropriations. | pass | 6 | 5 |   |
| 2026-04-27 | Senate | Third reading: Bill | pass | 23 | 11 |   |
| 2026-04-24 | Senate | Refer Senate Bill 26-116, as amended, to the Committee of the Whole. | pass | 4 | 3 |   |
| 2026-04-14 | Senate | Refer Senate Bill 26-116, as amended, to the Committee on Appropriations. | pass | 6 | 3 |   |

## Actions (15)

- 2026-06-02: Governor Signed (House)
- 2026-05-21: Signed by the President of the Senate (Senate)
- 2026-05-21: Signed by the Speaker of the House (House)
- 2026-05-21: Sent to the Governor (House)
- 2026-05-11: House Third Reading Passed - No Amendments (House)
- 2026-05-09: House Third Reading Laid Over Daily - No Amendments (House)
- 2026-05-08: House Committee on Appropriations Refer Unamended to House Committee of the Whole (House)
- 2026-05-08: House Second Reading Special Order - Passed - No Amendments (House)
- 2026-05-07: House Committee on Finance Refer Unamended to Appropriations (House)
- 2026-04-27: Senate Third Reading Passed - No Amendments (Senate)
- 2026-04-27: Introduced In House - Assigned to Finance (House)
- 2026-04-24: Senate Committee on Appropriations Refer Amended to Senate Committee of the Whole (Senate)
- 2026-04-24: Senate Second Reading Special Order - Passed with Amendments - Committee (Senate)
- 2026-04-14: Senate Committee on Finance Refer Amended to Appropriations (Senate)
- 2026-02-19: Introduced In Senate - Assigned to Finance (Senate)

## Bill text

- Engrossed: [PDF](https://leg.colorado.gov/bill_files/115169/download)
- Final Act: [PDF](https://leg.colorado.gov/bill_files/116577/download)
- Introduced: [PDF](https://leg.colorado.gov/bill_files/112256/download)
- Reengrossed: [PDF](https://leg.colorado.gov/bill_files/115275/download)
- Rerevised: [PDF](https://leg.colorado.gov/bill_files/116279/download)
- Revised: [PDF](https://leg.colorado.gov/bill_files/116204/download)
- Senate Appropriations Preamend: [PDF](https://leg.colorado.gov/bill_files/115157/download)
- Senate Finance Preamend: [PDF](https://leg.colorado.gov/bill_files/114611/download)
- Signed Act: [PDF](https://leg.colorado.gov/bill_files/116953/download)

## Related bills

- HB26-1250: Procedures Related to Civil Asset Forfeiture (signed)
- HB26-1298: Background Checks for Child Welfare Placements (signed)
- HB26-1414: Medical Record Requests (signed)
- SB26-155: Increase Access Homeowner's Insurance Enterprise (signed)
- HB26-1429: County Administration Public Assistance Programs (signed)
- HB26-1430: Transportation Funding Adjustments (signed)

## Sources
- [Engrossed (PDF)](https://leg.colorado.gov/bill_files/115169/download)
- [Final Act (PDF)](https://leg.colorado.gov/bill_files/116577/download)
- [Introduced (PDF)](https://leg.colorado.gov/bill_files/112256/download)
- [Reengrossed (PDF)](https://leg.colorado.gov/bill_files/115275/download)
- [Rerevised (PDF)](https://leg.colorado.gov/bill_files/116279/download)
- [Revised (PDF)](https://leg.colorado.gov/bill_files/116204/download)
- [Senate Appropriations Preamend (PDF)](https://leg.colorado.gov/bill_files/115157/download)
- [Senate Finance Preamend (PDF)](https://leg.colorado.gov/bill_files/114611/download)
- [Signed Act (PDF)](https://leg.colorado.gov/bill_files/116953/download)

## Related
- [HB26-1250: Procedures Related to Civil Asset Forfeiture](https://policyrisk.com/state-bill/CO-HB26-1250-2026A)
- [HB26-1298: Background Checks for Child Welfare Placements](https://policyrisk.com/state-bill/CO-HB26-1298-2026A)
- [HB26-1414: Medical Record Requests](https://policyrisk.com/state-bill/CO-HB26-1414-2026A)
- [SB26-155: Increase Access Homeowner's Insurance Enterprise](https://policyrisk.com/state-bill/CO-SB26-155-2026A)
- [HB26-1429: County Administration Public Assistance Programs](https://policyrisk.com/state-bill/CO-HB26-1429-2026A)
- [HB26-1430: Transportation Funding Adjustments](https://policyrisk.com/state-bill/CO-HB26-1430-2026A)
- [Colorado bills](https://policyrisk.com/states/colorado/bills)
- [Colorado state hub](https://policyrisk.com/states/colorado)
- [All state legislation](https://policyrisk.com/state-bills)

Source: PRIA, https://policyrisk.com/state-bill/CO-SB26-116-2026A (as of 2026-10-16).