How New Tax Laws Could Reshape Colorado's Vacation Homes

Senate Bill 33: Understanding its impact on Colorado’s short-term rentals.

As the debate around Senate Bill 33 heats up in Colorado, both homeowners and renters are keenly watching to see its potential impact on short-term rentals across the state. Introduced by Senator Chris Hansen, Senate Bill 33 aims to address the housing shortage in high-demand areas by increasing the tax rate on properties used for short-term rentals from 6.7% to 27.9%, aligning them with commercial property rates. However, this proposal has sparked significant discussion and concern among property owners and the tourism industry alike.

Feel free to watch the full message above or use these timestamps that will direct you to various points in the video:

0:00 — Introduction

1:02 — What is Senate Bill 33

1:31 — Why was it introduced?

2:19 — Who does it affect?

2:48 — What are the ramifications?

4:18 — The rival bill

6:29 — I’ll keep you informed

6:56 — Reach out with your opinion

For ongoing updates and to share your thoughts on Senate Bill 33 and short-term rental policies in Colorado, stay connected and let your voice be part of shaping the future of our state's housing and tourism landscape. Reach out with your opinion on the matter, and of course, don’t hesitate to call or email with any questions.

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