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Bill Concerning Urban Renewal and
Agricultural Land Passes House
On a vote of 55-8, the Colorado House gave
final approval this morning to House Bill
10-1107, Concerning Limitations on the
Inclusion of Agricultural Lands within Urban
Renewal Areas by Rep. Fischer and Sen. M.
Carroll. The bill will now move to the
Senate.
HB 10-1107
would prohibit the inclusion of agricultural
lands within URAs with the following
exceptions: (1) is a brownfield site; (2) is
at least two-thirds contiguous to urban
level development and one half of the area
is urban level development; (3) is an
enclave surrounded by urban level
development; (4) there is agreement to
inclusion by all affected taxing entities;
or (5) it was included in URA as of
effective date of bill. The bill also
would replace the current agricultural
assessed value of land for tax increment
purposes to its market value, which would
increase the TIF base.
The Colorado State Fire Chiefs Association
supports this bill as it begins to address
one of the impacts of Tax Increment
Financing on fire protection districts. In
its testimony, however, the CSFCA made clear
that the bill does not represent an
“end-all” solution to the impacts. The
CSFCA information sheet on this bill, that
served as the basis of the Association’s
testimony can be found
here.
It is important to note that none of the
amendments passed by the House adversely
impact the bill.
The version of the bill that passed the
House is posted
here.
For more information on the impacts of Tax
Increment Financing on fire protection
districts, see the CSFCA issue brief
here.
Posted 02-08-10 |
