The Colorado Chamber of Commerce this week celebrated the defeat of SB 33, which would have imposed a heavy property tax increase on short term rental property owners. This would have devastated tourism, small businesses and property owners in mountain resort communities.
The Colorado Chamber’s Government Affairs Council took an opposed position on the bill at the beginning of the legislative session, raising concerns over its economic impact at the local level. The Colorado Chamber also added the bill to its Job Killers list.
The bill was stalled in the Senate Finance Committee for several months before it was finally heard on Tuesday. After significant testimony from property owners and a failed attempt to amend the bill into a study, the bill died on a bipartisan vote.
Read more about the defeat of SB 33 in The Sum and Substance, the Colorado Chamber’s digital publication