Colorado 2023 Regular Session Status: Enacted Bipartisan · 2 R · 1 D cosponsors

SB 23-175 — Financing Of Downtown Development Authority Projects

Last action — Governor Signed

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  1. ✓
    Introduced
  2. ✓
    In Committee
  3. ✓
    Passed Senate
  4. ✓
    Passed House
  5. ✓
    To Executive
  6. 6
    Enacted

This bill has been enacted into law. Introduced March 02, 2023. Enacted.

Signed by Governor Jared Polis (Democratic) on June 02, 2023.

Prognosis

Likely to advance 94% · high confidence

Where this bill stands today.

Odds of enactment

High

How often bills like it became law.

  • Enacted

    Current position in the legislative process.

  • 4 sponsors

    4 primary, 0 co-sponsors signed on.

  • Bipartisan support

    Sponsored across 2 parties (2 R · 1 D) — cross-party backing.

  • Cleared a recorded vote

    Passed 4 recorded votes so far.

Prognosis reads this bill's own signals — stage, sponsorship breadth, committee status, recorded votes and cross-state momentum. Odds come from a model trained on which bills have become law.

Summary

A downtown development authority (authority) may use a tax increment financing (TIF) arrangement to generate capital by dedicating growth in property tax or sales tax revenue for a period of 30 years with the option for one 20-year extension. For property tax revenue only, the act creates the option for additional 20-year extension periods during which an authority may use a TIF arrangement if the governing body of the municipality that created the authority extends the period by ordinance. The first additional 20-year extension period may begin upon the expiration of the original 20-year extension. For the additional 20-year extension periods authorized by the act, 50% of the incremental revenue generated from the TIF arrangement is allocated to a special fund of the municipality that created the authority (special fund) to be used to finance projects within the boundaries of the authority and the other 50% of the incremental revenue is allocated to the other governmental entities that levy property taxes within the boundaries of the authority, unless the municipality and all of the other governmental entities reach an alternative agreement requiring a greater percentage of the incremental revenue to be credited to the special fund. For a 20-year extension period authorized by the act, the base year revenue is recalculated every year. The act allows a municipality and an authority to enter into an intergovernmental agreement through which the municipality may delegate to the board of the authority the power to incur debt and to pledge money in a special fund of the municipality for the payment of the debt. During a 20-year extension period authorized in the act, the authority is under the supervision and control of a board consisting of not less than 9 and not more than 13 members, which is between 4 and 8 additional board members compared to when there is not a 20-year extension period authorized in the act. Of the additional board members, one must be a member of the board of county commissioners of the county in which the authority is located, and one must be a member of the school district board of education of the school district in which the authority is located. The other additional board members are appointed by the governing body of the municipality that created the authority. APPROVED by Governor June 2, 2023 EFFECTIVE August 7, 2023 NOTE: This act was passed without a safety clause and takes effect 90 days after sine die. (Note: This summary applies to this bill as enacted.)

Bill Text

What changed in the latest version

24 added · 17 removed

Plain-language change summary

The amendment adjusts the membership requirements for the board overseeing downtown development authorities during a twenty-year extension period of tax increment financing. Specifically, it stipulates that the board must consist of no fewer than nine and no more than thirteen members, while the previous text did not specify these numbers for this extension period. This change can affect how board members are appointed and the overall governance of the authorities during the extended financing period.

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First Regular Session Seventy-fourth General Assembly STATE OF COLORADO ENGROSSED This Version Includes All Amendments Adopted on Second Reading in the House of Introduction LLS NO.
First Regular Session Seventy-fourth General Assembly STATE OF COLORADO REENGROSSED This Version Includes All Amendments Adopted in the House of Introduction LLS NO.
23-0806.01 Nicole Myers x4326 SENATE BILL 23-175 SENATE SPONSORSHIP Jaquez Lewis and Rich, HOUSE SPONSORSHIP Boesenecker and Taggart, Senate Committees House Committees Finance A BILL FOR AN ACT CONCERNINGTHEUSEOF TAXINCREMENTFINANCINGBYDOWNTOWN DEVELOPMENTAUTHORITIES AND ,INCONNECTIONTHEREWITH , CREATING AUTOMATIC EXTENSIONS OF THE PERIODS DURING WHICH A PORTION OF PROPERTY TAX REVENUES MAY BE ALLOCATED TO FINANCE PROJECTS OF AN AUTHORITY .
23-0806.01 Nicole Myers x4326 SENATE BILL 23-175 SENATE SPONSORSHIP JaquezLewis and Rich, Buckner,Coleman,Fenberg,Fields,Ginal,Hansen,Marchman, Priola, Zenzinger HOUSE SPONSORSHIP Boesenecker and Taggart, Senate Committees House Committees Finance A BILL FOR AN ACT C ONCERNINGTHEUSEOF TAXINCREMENTFINANCINGBYDOWNTOWN DEVELOPMENTAUTHORITIES ,AND ,INCONNECTIONTHEREWITH , CREATING AUTOMATIC EXTENSIONS OF THE PERIODS DURING WHICH A PORTION OF PROPERTY TAX REVENUES MAY BE ALLOCATED TO FINANCE PROJECTS OF AN AUTHORITY .
Bill Summary (Note:
e n 3 Bill Summary m 0 T n , A U 3 (Note:
This summary applies to this bill as introduced and does notreflectanyamendmentsthatmaybesubsequentlyadopted.Ifthisbill passes third reading in the house of introduction, a bill summary that applies to the reengrossed version of this bill will be available at http://leg.colorado.gov.) g Currently,thegoverningbodyofanymunicipalityinthestatemay, d with voter approval, establish a downtown development authority e 0 T R , A 2 3 Shading denotes HOUSE amendment.
This summary applies to this bill as introduced and does E i h notreflectanyamendmentsthatmaybesubsequentlyadopted.Ifthisbill S a a R M passes third reading in the house of introduction, a bill summary that r applies to the reengrossed version of this bill will be available at 3 http://leg.colorado.gov.) g Currently,thegoverningbodyofanymunicipalityinthestatemay, i a 2 with voter approval, establish a downtown development authority E R 2 A n 0 N 2 3 Shading denotes HOUSE amendment.
E d c Capital letters or bold & italic numbers indicate new material to be added to existing law.
S e r Capital letters or bold & italic numbers indicate new material to be added to existing law.n a Dashes through the words or numbers indicate deletions from existing law.
Dashes through the words or numbers indicate deletions from existing law.
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Amendments

1 amendment

Click Show changes on an amendment above to see how it modifies the bill.

Action History

  1. Governor Signed

  2. Signed by the Speaker of the House

  3. Sent to the Governor

  4. Signed by the President of the Senate

  5. Senate Considered House Amendments - Result was to Concur - Repass

  6. Senate Considered House Amendments - Result was to Laid Over Daily

  7. House Third Reading Passed - No Amendments

  8. House Second Reading Passed with Amendments - Committee

  9. House Second Reading Laid Over Daily - No Amendments

  10. House Committee on Finance Refer Amended to House Committee of the Whole

  11. Introduced In House - Assigned to Finance

  12. Senate Third Reading Passed - No Amendments

  13. Senate Second Reading Passed with Amendments - Committee, Floor

  14. Senate Second Reading Laid Over Daily - No Amendments

  15. Senate Committee on Finance Refer Amended to Senate Committee of the Whole

  16. Introduced In Senate - Assigned to Finance

Sponsors

Sponsorship breakdown

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4 sponsors · 0 co-sponsors · 98 not signed on · 12 voted No

Sponsors (4)

Co-sponsors (0)

None.

Not signed on (98)

98 members have not signed on to this bill.

Show all 98 →

"Not signed on" means a member has not sponsored or co-sponsored this bill — it does not imply opposition. Members flagged Voted No have a recorded No vote on this bill.

Whip count is in markup. Polling the chamber and every recorded vote this session. Only the first open is slow. It’s instant for you after this. Calling the roll · Tallying · Engrossing

Votes

REPASS

Passed 29 Yea · 6 Nay
Party YeaNayPresentNot Voting
Republican 3200
Democrat 13000
Unaffiliated 13400
Total 29600
% of votes cast 83%17%0%0%
How each member voted (35)
Member Party Vote
Buckner — Yea
Fields — Yea
Gardner — Yea
Ginal — Yea
Hansen — Yea
Lundeen — Nay
Moreno — Yea
Pelton B. — Nay
Pelton R. — Nay
Priola — Yea
Smallwood — Yea
Will — Yea
Zenzinger — Yea
President — Yea
Jaquez Lewis — Yea
Van Winkle — Nay
Winter F. — Yea
Chris Kolker Democrat Yea
Dylan Roberts Democrat Yea
James Coleman Democrat Yea
Janice Marchman Democrat Yea
Jeff Bridges Democrat Yea
Jessie Danielson Democrat Yea
Julie Gonzales Democrat Yea
Kyle Mullica Democrat Yea
Lisa Cutter Democrat Yea
Nick Hinrichsen Democrat Yea
Robert Rodriguez Democrat Yea
Tom Sullivan Democrat Yea
Tony Exum Democrat Yea
Barbara Kirkmeyer Republican Nay
Cleave Simpson Republican Yea
Janice Rich Republican Yea
Larry Liston Republican Yea
Mark Baisley Republican Nay

Official roll call →

CONCUR

Passed 35 Yea · 0 Nay
Party YeaNayPresentNot Voting
Republican 5000
Democrat 13000
Unaffiliated 17000
Total 35000
% of votes cast 100%0%0%0%
How each member voted (35)
Member Party Vote
Buckner — Yea
Fields — Yea
Gardner — Yea
Ginal — Yea
Hansen — Yea
Lundeen — Yea
Moreno — Yea
Pelton B. — Yea
Pelton R. — Yea
Priola — Yea
Smallwood — Yea
Will — Yea
Zenzinger — Yea
President — Yea
Jaquez Lewis — Yea
Van Winkle — Yea
Winter F. — Yea
Chris Kolker Democrat Yea
Dylan Roberts Democrat Yea
James Coleman Democrat Yea
Janice Marchman Democrat Yea
Jeff Bridges Democrat Yea
Jessie Danielson Democrat Yea
Julie Gonzales Democrat Yea
Kyle Mullica Democrat Yea
Lisa Cutter Democrat Yea
Nick Hinrichsen Democrat Yea
Robert Rodriguez Democrat Yea
Tom Sullivan Democrat Yea
Tony Exum Democrat Yea
Barbara Kirkmeyer Republican Yea
Cleave Simpson Republican Yea
Janice Rich Republican Yea
Larry Liston Republican Yea
Mark Baisley Republican Yea

Official roll call →

BILL

Passed 49 Yea · 14 Nay · 2 Other
Party YeaNayPresentNot Voting
Democrat 32001
Unaffiliated 13601
Republican 4800
Total 491402
% of votes cast 75%22%0%3%
How each member voted (65)
Member Party Vote
Armagost — Nay
Bird — Yea
Bockenfeld — Nay
Dickson — Yea
Epps — Yea
Evans — Nay
Gonzales-Gutierrez — Yea
Herod — Not Voting
Holtorf — Nay
Lynch — Yea
McLachlan — Yea
Ortiz — Yea
Parenti — Yea
Pugliese — Nay
Sharbini — Yea
Vigil — Yea
Winter T. — Nay
Young — Yea
Michaelson Jenet — Yea
deGruy Kennedy — Yea
Alex Valdez Democrat Yea
Andrew Boesenecker Democrat Yea
Bob Marshall Democrat Yea
Brianna Titone Democrat Yea
Cathy Kipp Democrat Yea
Eliza Hamrick Democrat Yea
Elizabeth Velasco Democrat Yea
Emily Sirota Democrat Yea
Iman Jodeh Democrat Yea
Javier Mabrey Democrat Yea
Jennifer Bacon Democrat Yea
Jenny Willford Democrat Yea
Judy Amabile Democrat Yea
Julie McCluskie Democrat Yea
Junie Joseph Democrat Yea
Karen McCormick Democrat Yea
Kyle Brown Democrat Yea
Lindsey Daugherty Democrat Yea
Lorena Garcia Democrat Yea
Mandy Lindsay Democrat Yea
Marc Snyder Democrat Yea
Matthew Martinez Democrat Yea
Meg Froelich Democrat Yea
Meghan Lukens Democrat Yea
Mike Weissman Democrat Yea
Monica Duran Democrat Yea
Naquetta Ricks Democrat Yea
Regina English Democrat Yea
Sheila Lieder Democrat Yea
Steven Woodrow Democrat Yea
Tammy Story Democrat Yea
Tisha Mauro Democrat Not Voting
William Lindstedt Democrat Yea
Anthony Hartsook Republican Yea
Brandi Bradley Republican Nay
Ken DeGraaf Republican Nay
Lisa Frizell Republican Yea
Lynda Zamora Wilson Republican Nay
Marc Catlin Republican Nay
Mary Bradfield Republican Nay
Matt Soper Republican Nay
Rick Taggart Republican Yea
Ron Weinberg Republican Yea
Scott Bottoms Republican Nay
Stephanie Luck Republican Nay

Official roll call →

BILL

Passed 25 Yea · 7 Nay · 3 Other
Party YeaNayPresentNot Voting
Republican 2201
Democrat 12100
Unaffiliated 11402
Total 25703
% of votes cast 71%20%0%9%
How each member voted (35)
Member Party Vote
Buckner — Yea
Fields — Yea
Gardner — Yea
Ginal — Yea
Hansen — Yea
Lundeen — Nay
Moreno — Yea
Pelton B. — Nay
Pelton R. — Nay
Priola — Yea
Smallwood — Not Voting
Will — Yea
Zenzinger — Yea
Fenberg — Yea
Jaquez Lewis — Not Voting
Van Winkle — Nay
Winter F. — Yea
Chris Kolker Democrat Yea
Dylan Roberts Democrat Yea
James Coleman Democrat Yea
Janice Marchman Democrat Yea
Jeff Bridges Democrat Yea
Jessie Danielson Democrat Yea
Julie Gonzales Democrat Nay
Kyle Mullica Democrat Yea
Lisa Cutter Democrat Yea
Nick Hinrichsen Democrat Yea
Robert Rodriguez Democrat Yea
Tom Sullivan Democrat Yea
Tony Exum Democrat Yea
Barbara Kirkmeyer Republican Nay
Cleave Simpson Republican Yea
Janice Rich Republican Yea
Larry Liston Republican Not Voting
Mark Baisley Republican Nay

Official roll call →

Subjects

taxation housing transportation
Cross-referencing the record. Reading this bill against every other bill in the corpus by meaning, not keywords. Only the first open is slow. It’s instant for you after this. Matching · Ranking · Engrossing

Frequently asked questions

What does SB 23-175 do?
A downtown development authority (authority) may use a tax increment financing (TIF) arrangement to generate capital by dedicating growth in property tax or sales tax revenue for a period of 30 years with the option for one 20-year extension. For property tax revenue only, the act creates the option for additional 20-year extension periods during which an authority may use a TIF arrangement if the governing body of the municipality that created the authority extends the period by ordinance. The first additional 20-year extension period may begin upon the expiration of the original 20-year extension. For the additional 20-year extension periods authorized by the act, 50% of the incremental revenue generated from the TIF arrangement is allocated to a special fund of the municipality that created the authority (special fund) to be used to finance projects within the boundaries of the authority and the other 50% of the incremental revenue is allocated to the other governmental entities that levy property taxes within the boundaries of the authority, unless the municipality and all of the other governmental entities reach an alternative agreement requiring a greater percentage of the incremental revenue to be credited to the special fund. For a 20-year extension period authorized by the act, the base year revenue is recalculated every year. The act allows a municipality and an authority to enter into an intergovernmental agreement through which the municipality may delegate to the board of the authority the power to incur debt and to pledge money in a special fund of the municipality for the payment of the debt. During a 20-year extension period authorized in the act, the authority is under the supervision and control of a board consisting of not less than 9 and not more than 13 members, which is between 4 and 8 additional board members compared to when there is not a 20-year extension period authorized in the act. Of the additional board members, one must be a member of the board of county commissioners of the county in which the authority is located, and one must be a member of the school district board of education of the school district in which the authority is located. The other additional board members are appointed by the governing body of the municipality that created the authority. APPROVED by Governor June 2, 2023 EFFECTIVE August 7, 2023 NOTE: This act was passed without a safety clause and takes effect 90 days after sine die. (Note: This summary applies to this bill as enacted.)
Who sponsors SB 23-175?
SB 23-175 is sponsored by Rick Taggart (Republican), Andrew Boesenecker (Democrat), Janice Rich (Republican), and Jaquez Lewis.
What is the current status of SB 23-175?
This bill has been enacted into law. Introduced March 02, 2023. Enacted.
Where can I track SB 23-175?
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