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us-co/statute/39/39-3-112.5 — Residential property - homeless - charitable purposes - exempt - limitations · Axiom

Residential property - homeless - charitable purposes - exempt - limitations

1 rule

(1) Property, real and personal, which is used solely and exclusively for strictly charitable purposes and not for private gain or corporate profit shall be exempt from the levy and collection of property tax if such property is residential, is owned by the United States, and is leased by a department or agency of the United States to any nonprofit organization, whether organized under the laws of this state or of another state, for the purpose of housing single individuals or families, or both, who are homeless.

(2) Any exemption shall be allowed pursuant to subsection (1) of this section only upon the delivery to the administrator of a copy of such lease between the agency of the United States and the nonprofit organization and a copy of the rental agreement between the nonprofit organization and the individuals or families to be housed in such property. Such exemption shall be allowed only for the period of time that such residential property is actually used for said purpose, and such nonprofit organization shall immediately notify the administrator when the use of such residential property has changed.

(3) Any exemption claimed pursuant to the provisions of this section shall comply with the provisions of section 39-2-117.

in view

Whole section

Encodings · 1

homeless_housing_property_tax_exemption_appliesCO 39 § 39-3-112.5 · derived

Colo. Rev. Stat. § 39-3-112.5(1)-(3)

name: homeless_housing_property_tax_exemption_applies
kind: derived
entity: Asset
dtype: Judgment
period: Year
source: Colo. Rev. Stat. § 39-3-112.5(1)-(3)
metadata:
  proof:
    atoms:
      - path: versions[0].formula
        kind: condition
        source:
          corpus_citation_path: us-co/statute/39/39-3-112.5
          excerpt: >-
            used solely and exclusively for strictly charitable purposes and not
            for private gain or corporate profit
      - path: versions[0].formula
        kind: condition
        source:
          corpus_citation_path: us-co/statute/39/39-3-112.5
          excerpt: >-
            such property is residential, is owned by the United States, and is
            leased
      - path: versions[0].formula
        kind: condition
        source:
          corpus_citation_path: us-co/statute/39/39-3-112.5
          excerpt: >-
            for the purpose of housing single individuals or families, or both,
            who are homeless
      - path: versions[0].formula
        kind: condition
        source:
          corpus_citation_path: us-co/statute/39/39-3-112.5
          excerpt: >-
            only upon the delivery to the administrator of a copy of such lease
            ... and a copy of the rental agreement
      - path: versions[0].formula
        kind: condition
        source:
          corpus_citation_path: us-co/statute/39/39-3-112.5
          excerpt: >-
            only for the period of time that such residential property is
            actually used for said purpose
      - path: versions[0].formula
        kind: condition
        source:
          corpus_citation_path: us-co/statute/39/39-3-112.5
          excerpt: >-
            Any exemption claimed pursuant to the provisions of this section
            shall comply with the provisions of section 39-2-117.
versions:
  - effective_from: '0001-01-01'
    formula: >-
      property_is_real_or_personal

      and
      property_is_used_solely_and_exclusively_for_strictly_charitable_purposes

      and not property_is_used_for_private_gain_or_corporate_profit

      and property_is_residential

      and property_is_owned_by_united_states

      and
      us_agency_lease_to_nonprofit_is_for_housing_homeless_individuals_or_families

      and lease_copy_delivered_to_administrator

      and rental_agreement_copy_delivered_to_administrator

      and property_is_actually_used_to_house_homeless_individuals_or_families

      and exemption_claim_complies_with_section_39_2_117

▸rulespec code

Shown source

statutes/39/39-3-112.5.yaml

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Rules

homeless_housing_property_tax_exemption_applies

Derived

source: Colo. Rev. Stat. § 39-3-112.5(1)-(3)

- name: homeless_housing_property_tax_exemption_applies
  kind: derived
  entity: Asset
  dtype: Judgment
  period: Year
  source: Colo. Rev. Stat. § 39-3-112.5(1)-(3)
  metadata:
    proof:
      atoms:
        - path: versions[0].formula
          kind: condition
          source:
            corpus_citation_path: us-co/statute/39/39-3-112.5
            excerpt: >-
              used solely and exclusively for strictly charitable purposes and not for private gain
              or corporate profit
        - path: versions[0].formula
          kind: condition
          source:
            corpus_citation_path: us-co/statute/39/39-3-112.5
            excerpt: such property is residential, is owned by the United States, and is leased
        - path: versions[0].formula
          kind: condition
          source:
            corpus_citation_path: us-co/statute/39/39-3-112.5
            excerpt: for the purpose of housing single individuals or families, or both, who are homeless
        - path: versions[0].formula
          kind: condition
          source:
            corpus_citation_path: us-co/statute/39/39-3-112.5
            excerpt: >-
              only upon the delivery to the administrator of a copy of such lease ... and a copy of
              the rental agreement
        - path: versions[0].formula
          kind: condition
          source:
            corpus_citation_path: us-co/statute/39/39-3-112.5
            excerpt: >-
              only for the period of time that such residential property is actually used for said
              purpose
        - path: versions[0].formula
          kind: condition
          source:
            corpus_citation_path: us-co/statute/39/39-3-112.5
            excerpt: >-
              Any exemption claimed pursuant to the provisions of this section shall comply with the
              provisions of section 39-2-117.
  versions:
    - effective_from: '0001-01-01'
      formula: |-
        property_is_real_or_personal
        and property_is_used_solely_and_exclusively_for_strictly_charitable_purposes
        and not property_is_used_for_private_gain_or_corporate_profit
        and property_is_residential
        and property_is_owned_by_united_states
        and us_agency_lease_to_nonprofit_is_for_housing_homeless_individuals_or_families
        and lease_copy_delivered_to_administrator
        and rental_agreement_copy_delivered_to_administrator
        and property_is_actually_used_to_house_homeless_individuals_or_families
        and exemption_claim_complies_with_section_39_2_117

▸citations (1)

References

This rule cites 1 other rule.

CO 39 § 39-2-117inferredCO › Statutes › Title 39 › § 39-2-117