Colorado HB1206 allows city and county housing authorities to levy sales, sales and use, and property taxes to fund development projects, with.

Colorado HB1206 grants city and county housing authorities the authority to levy sales, sales and use, and property taxes to support development projects. If approved by voters, the sales or sales and use tax rate cannot exceed 1% on any taxable transaction, while the property tax rate is capped at 5 mills per dollar of property valuation. The housing authority must designate a liaison to coordinate tax collection with the Department of Revenue. Tax revenue must be directed to the housing authority.

Colorado HB1206 allows city and county housing authorities to levy sales, sales and use, and property taxes to fund development projects, with.

Colorado HB1206 grants city and county housing authorities the authority to levy sales, sales and use, and property taxes to support development projects. If approved by voters, the sales or sales and use tax rate cannot exceed 1% on any taxable transaction, while the property tax rate is capped at 5 mills per dollar of property valuation. The housing authority must designate a liaison to coordinate tax collection with the Department of Revenue. Tax revenue must be directed to the housing authority.