STR Taxed as Business = 29% New Bill In Colorado Anyone Know ?

[Bo A Vanecko]

building on the post that recently described the new laws in colorado springs, i came across this one which on the surface seems would decimate the market in CO and most all ski communities would see a flood of sales and vacant homes on the market ...unless of course one bought in decades ago ...

curious if anyone has been following this closer...  here is what i have found so far...perhaps im not reading into this correctly but doesnt sound good.

https://www.summitdaily.com/news/state-senator-proposes-classifying-short-term-rentals-as-commercial-property-leading-to-a-tax-hike/

https://openstates.org/co/bills/2020A/SB20-109/

https://altitude.law/legislative-season-is-in-full-swing/