Referendum M:
Obsolete Constitutional Provision Relating to Land Value Increases
Summary
According to the Colorado Legislative Council, repealing this provision will not impact the manner in which properties are assesses nor will it impact the property tax collections of state or local governments. It will have no fiscal impact.
Provided by: Legislative Council of the Colorado General Assembly
Referendum M proposes to repeal an obsolete section of the Colorado Constitution that:
- allows the state legislature to pass laws that delay taxing the appreciation in private land value resulting from planting hedges, orchards and forests.
Referendum M does not affect state or local revenues or expenditures and removes an obsolete provision from the Colorado Constitution.