Tax Credit Considered for Colorado Disaster-Destroyed Homes
Colorado residents who lost their homes in last year’s floods and wildfires still have to pay property taxes, but state lawmakers are trying to change that law.
A bill being heard in a House committee Wednesday would give homeowners whose homes were destroyed a tax credit to cover their property tax bill after they pay it, but the bill is likely to be amended.
Some lawmakers who support the idea of a tax break have said they don’t think the homeowners should get a property tax bill in the first place.
Legislative analysts have estimated the tax relief would cost the state $2.2 million.
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