loading…

us-co/statute/39/39-3-102 — Household furnishings - exemption · Axiom

Household furnishings - exemption

2 rules

(1) Household furnishings, including free-standing household appliances, wall-to-wall carpeting, an independently owned residential solar electric generation facility, and security devices and systems that are not used for the production of income at any time shall be exempt from the levy and collection of property tax. If any household furnishings are used for the production of income for any period of time during the taxable year, such household furnishings shall be taxable for the entire taxable year. An independently owned residential solar electric generation facility shall not be considered to be used for the production of income unless the facility produces income for the owner of the residential real property on which the facility is located. For property tax purposes only, rebates, offsets, credits, and reimbursements specified in section 40-2-124, C.R.S., shall not constitute the production of income. For purposes of this subsection (1), for property tax purposes only, security devices and systems shall include, but shall not be limited to, security doors, security bars, and alarm systems.

(2) For property tax years commencing on and after January 1, 1990, no work of art, as defined in section 39-1-102 (18), which is not subject to annual depreciation and which would otherwise be exempt under this section shall cease to be exempt because it is stored or displayed on premises other than a residence.

in view

Whole section

Encodings · 2

household_furnishing_property_tax_exemption_appliesCO 39 § 39-3-102 · derived

C.R.S. § 39-3-102(1)

name: household_furnishing_property_tax_exemption_applies
kind: derived
entity: Asset
dtype: Judgment
period: Year
source: C.R.S. § 39-3-102(1)
metadata:
  proof:
    atoms:
      - path: versions[0].formula
        kind: predicate
        source:
          corpus_citation_path: us-co/statute/39/39-3-102
versions:
  - effective_from: '0001-01-01'
    formula: |-
      asset_is_household_furnishing
      and (
        (
          asset_is_independently_owned_residential_solar_electric_generation_facility
          and not solar_facility_produces_income_for_owner_of_residential_real_property
        )
        or (
          not asset_is_independently_owned_residential_solar_electric_generation_facility
          and not household_furnishing_used_for_production_of_income_during_taxable_year
        )
      )

work_of_art_exemption_continues_when_stored_or_displayed_away_from_residenceCO 39 § 39-3-102 · derived

C.R.S. § 39-3-102(2)

name: work_of_art_exemption_continues_when_stored_or_displayed_away_from_residence
kind: derived
entity: Asset
dtype: Judgment
period: Year
source: C.R.S. § 39-3-102(2)
metadata:
  proof:
    atoms:
      - path: versions[0].formula
        kind: exception
        source:
          corpus_citation_path: us-co/statute/39/39-3-102
versions:
  - effective_from: '1990-01-01'
    formula: |-
      household_furnishing_property_tax_exemption_applies
      and asset_is_work_of_art
      and not work_of_art_is_subject_to_annual_depreciation
      and work_of_art_is_stored_or_displayed_on_premises_other_than_a_residence

▸rulespec code

Shown source

statutes/39/39-3-102.yaml

Displaying the canonical repository encoding.

View on GitHub

Rules

household_furnishing_property_tax_exemption_applies

Derived

source: C.R.S. § 39-3-102(1)

- name: household_furnishing_property_tax_exemption_applies
  kind: derived
  entity: Asset
  dtype: Judgment
  period: Year
  source: C.R.S. § 39-3-102(1)
  metadata:
    proof:
      atoms:
        - path: versions[0].formula
          kind: predicate
          source:
            corpus_citation_path: us-co/statute/39/39-3-102
  versions:
    - effective_from: '0001-01-01'
      formula: |-
        asset_is_household_furnishing
        and (
          (
            asset_is_independently_owned_residential_solar_electric_generation_facility
            and not solar_facility_produces_income_for_owner_of_residential_real_property
          )
          or (
            not asset_is_independently_owned_residential_solar_electric_generation_facility
            and not household_furnishing_used_for_production_of_income_during_taxable_year
          )
        )

work_of_art_exemption_continues_when_stored_or_displayed_away_from_residence

Derived

source: C.R.S. § 39-3-102(2)

- name: work_of_art_exemption_continues_when_stored_or_displayed_away_from_residence
  kind: derived
  entity: Asset
  dtype: Judgment
  period: Year
  source: C.R.S. § 39-3-102(2)
  metadata:
    proof:
      atoms:
        - path: versions[0].formula
          kind: exception
          source:
            corpus_citation_path: us-co/statute/39/39-3-102
  versions:
    - effective_from: '1990-01-01'
      formula: |-
        household_furnishing_property_tax_exemption_applies
        and asset_is_work_of_art
        and not work_of_art_is_subject_to_annual_depreciation
        and work_of_art_is_stored_or_displayed_on_premises_other_than_a_residence

▸citations (2)

References

This rule cites 2 other rules.

CO 39 § 40-2-124inferredCO › Statutes › Title 39 › § 40-2-124
CO 39 § 39-1-102 (18)inferredCO › Statutes › Title 39 › § 39-1-102 › (18)

loading…

Household furnishings - exemption

2 rules

Official source

graph ↗build calculator ↗

in view

Whole section

Encodings · 2

household_furnishing_property_tax_exemption_appliesCO 39 § 39-3-102 · derived

C.R.S. § 39-3-102(1)

name: household_furnishing_property_tax_exemption_applies
kind: derived
entity: Asset
dtype: Judgment
period: Year
source: C.R.S. § 39-3-102(1)
metadata:
  proof:
    atoms:
      - path: versions[0].formula
        kind: predicate
        source:
          corpus_citation_path: us-co/statute/39/39-3-102
versions:
  - effective_from: '0001-01-01'
    formula: |-
      asset_is_household_furnishing
      and (
        (
          asset_is_independently_owned_residential_solar_electric_generation_facility
          and not solar_facility_produces_income_for_owner_of_residential_real_property
        )
        or (
          not asset_is_independently_owned_residential_solar_electric_generation_facility
          and not household_furnishing_used_for_production_of_income_during_taxable_year
        )
      )

work_of_art_exemption_continues_when_stored_or_displayed_away_from_residenceCO 39 § 39-3-102 · derived

C.R.S. § 39-3-102(2)

name: work_of_art_exemption_continues_when_stored_or_displayed_away_from_residence
kind: derived
entity: Asset
dtype: Judgment
period: Year
source: C.R.S. § 39-3-102(2)
metadata:
  proof:
    atoms:
      - path: versions[0].formula
        kind: exception
        source:
          corpus_citation_path: us-co/statute/39/39-3-102
versions:
  - effective_from: '1990-01-01'
    formula: |-
      household_furnishing_property_tax_exemption_applies
      and asset_is_work_of_art
      and not work_of_art_is_subject_to_annual_depreciation
      and work_of_art_is_stored_or_displayed_on_premises_other_than_a_residence

▸rulespec code

Shown source

statutes/39/39-3-102.yaml

Displaying the canonical repository encoding.

View on GitHub

Rules

household_furnishing_property_tax_exemption_applies

Derived

source: C.R.S. § 39-3-102(1)

- name: household_furnishing_property_tax_exemption_applies
  kind: derived
  entity: Asset
  dtype: Judgment
  period: Year
  source: C.R.S. § 39-3-102(1)
  metadata:
    proof:
      atoms:
        - path: versions[0].formula
          kind: predicate
          source:
            corpus_citation_path: us-co/statute/39/39-3-102
  versions:
    - effective_from: '0001-01-01'
      formula: |-
        asset_is_household_furnishing
        and (
          (
            asset_is_independently_owned_residential_solar_electric_generation_facility
            and not solar_facility_produces_income_for_owner_of_residential_real_property
          )
          or (
            not asset_is_independently_owned_residential_solar_electric_generation_facility
            and not household_furnishing_used_for_production_of_income_during_taxable_year
          )
        )

work_of_art_exemption_continues_when_stored_or_displayed_away_from_residence

Derived

source: C.R.S. § 39-3-102(2)

- name: work_of_art_exemption_continues_when_stored_or_displayed_away_from_residence
  kind: derived
  entity: Asset
  dtype: Judgment
  period: Year
  source: C.R.S. § 39-3-102(2)
  metadata:
    proof:
      atoms:
        - path: versions[0].formula
          kind: exception
          source:
            corpus_citation_path: us-co/statute/39/39-3-102
  versions:
    - effective_from: '1990-01-01'
      formula: |-
        household_furnishing_property_tax_exemption_applies
        and asset_is_work_of_art
        and not work_of_art_is_subject_to_annual_depreciation
        and work_of_art_is_stored_or_displayed_on_premises_other_than_a_residence

▸citations (2)

References

This rule cites 2 other rules.

CO 39 § 40-2-124inferredCO › Statutes › Title 39 › § 40-2-124
CO 39 § 39-1-102 (18)inferredCO › Statutes › Title 39 › § 39-1-102 › (18)