Colorado's push to increase STR taxes is softening

[James Carlson]

It seems to me like the push to quadruple Colorado STR property taxes is softening quite a bit.

Still a long way to go, but reading between the lines of this Colorado Sun article today, the opposition efforts seem to be working. There are a couple notes from the article that make me think this, but the biggie is this passage halfway down:

"The sponsor of the bill said he plans to offer amendments to narrow the bill with less of a focus on people renting second homes and more attention paid to hotels that convert to privately owned units that are taxed as residential but still operate like a hotel.

These giant corporate properties that are being misclassified as residential but are being rented out as a hotel. That’s what we will focus on,” Hansen said. “But for the average owner doing 60, 90, 100 days a year, the final bill will have little to no impact on that.

Now that last sentence leaves wide open the possibility of changing tax rates for full-time short-term rentals and vacation rentals in Colorado. So I'm not sure what distinction he's making. But the trend I've seen in recent news articles is the sponsor pulling back from the scariest parts of his own bill. 

I'll be interested to watch this play out.

[Bruce Woodruff]

Quote from @James Carlson:

Typical politician....he's lying as usual. He knows darn well that the average STR owner does more days than that. So he can 'look' like he's softening up the law while having it accomplish the same thing.......