Property tax relief bill is imminent at the Capitol as session winds down

Property tax relief bill is imminent at Colorado’s capitol as legislative session winds down 02:41

With just five days left in the legislative session, property tax relief is still up in the air. A bill drafted two weeks ago has been scrapped, and lawmakers are scrambling to put a new relief package together.

CBS News Colorado Political Reporter Shaun Boyd has learned a deal is imminent, and if it holds, relief will be significant.

“I think we’re getting pretty close. I’m pretty optimistic,” says Sen. Chris Hansen, the lead negotiator on property tax relief.

He says it’s been six weeks of nonstop shuttle diplomacy.

“We’re talking to dozens and dozens of groups trying to make sure folks can get comfortable with the direction that we’re headed with the final package,” he said.

That package he says will include relief for both residential and non-residential taxpayers.

“I think we’ve got a package now that really touches on all the areas which is making sure we don’t have spikes in the future, making sure we have direct relief for homeowners and making sure we have relief for small business and commercial,” he said.

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