Concerning the property tax treatment of real property that is used to provide lodging. BILL SUMMARY Legislative Oversight Committee Concerning Tax Policy. The bill establishes that, for property tax years commencing on or after January 1, 2026, a short-term rental unit, which is an improvement that is designated and used as a place of residency by a person, family, or families, but that is also … [Continue reading...]
SB24-021 Exempt Small Communities from HOA Requirements
Concerning the conservation of water in the state through the prohibition of certain landscaping practices. BILL SUMMARY Water Resources and Agriculture Review Committee. On and after January 1, 2025 2026, the bill prohibits local governments and unit owners' associations of common interest communities from allowing the installation, planting, or placement of nonfunctional turf, artificial turf, … [Continue reading...]
SB24-005 Prohibit Landscaping Practices for Water Conservation
Concerning the conservation of water in the state through the prohibition of certain landscaping practices. BILL SUMMARY Water Resources and Agriculture Review Committee. On and after January 1, 2025 2026, the bill prohibits local governments and unit owners' associations of common interest communities from allowing the installation, planting, or placement of nonfunctional turf, artificial … [Continue reading...]
HB24-1091 Fire-Hardened Building Materials in Real Property
Concerning prohibiting restrictions on the use of fire-hardened building materials in residential real property. BILL SUMMARY The bill generally prohibits covenants and other restrictions that disallow the installation, use, or maintenance of fire-hardened building materials in residential real property, including in common interest communities. However, the bill allows a unit owners' … [Continue reading...]
HB24-1085 Limitation on Actions against Appraisers
Concerning establishing a limitation of actions against an individual performing a real estate appraisal practice. BILL SUMMARY Under current law, the statute of limitation to bring a claim against a real estate appraiser does not commence until the party filing the claim discovers, or should discover, an alleged defect in the appraisal. The bill requires a claimant to bring an action against … [Continue reading...]
HB24-1078 Regulation of Community Association Managers
Concerning the regulation of community association managers by the division of real estate in the department of regulatory agencies. BILL SUMMARY The bill establishes licensure requirements for business entities that perform community association management for common interest communities in the state and makes it unlawful, on and after July 1, 2025, for a business entity to perform community … [Continue reading...]
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