C.R.S. Section 39-1.5-106
Relationship between prepaid taxes and the limitation on local government levies

In determining the amount of revenue which a local government is allowed to levy under section 29-1-301, C.R.S., prepayments made under this article shall not be deemed property tax revenue in the year of prepayment; however, tax liability against which a credit is to be allowed shall be deemed property tax revenue attributable to increased valuation for new construction or bond revenue in accordance with section 29-1-302, C.R.S., in the year in which a credit is to be allowed.

Source: Section 39-1.5-106 — Relationship between prepaid taxes and the limitation on local government levies, https://leg.­colorado.­gov/sites/default/files/images/olls/crs2023-title-39.­pdf (accessed Oct. 20, 2023).

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Current through Fall 2024

§ 39-1.5-106’s source at colorado​.gov