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us-co/statute/39/39-3-113 — Residential property - while being constructed - charitable purposes - exemption - limitations · Axiom

Residential property - while being constructed - charitable purposes - exemption - limitations

1 rule

Official source

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Property, real and personal, which is owned and 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 and consists of land and one or more structures which are in the process of being constructed if such property is irrevocably committed to residential use in accordance with the requirements set forth in section 39-3-109 (1) or 39-3-112 (2) and (3). The exemption provided by this section shall terminate on the assessment date subsequent to the issuance of a permit or other authority to occupy such structure or structures. Thereafter, such property shall be subject to the provisions of sections 39-3-109 and 39-3-112. No requirement shall be imposed that use of property which otherwise is exempt pursuant to the provisions of this section shall benefit people of Colorado in order to qualify for said exemption. Any exemption claimed pursuant to the provisions of this section shall comply with the provisions of section 39-2-117.

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Encodings · 1

construction_property_exemption_through_section_109_appliesCO 39 § 39-3-113 · derived

39-3-113

name: construction_property_exemption_through_section_109_applies
kind: derived
entity: Asset
dtype: Judgment
period: Year
source: 39-3-113
metadata:
  proof:
    atoms:
      - path: versions[0].formula
        kind: condition
        source:
          corpus_citation_path: us-co/statute/39/39-3-113
      - path: versions[0].formula
        kind: import
        import:
          target: >-
            us-co:statutes/39/39-3-109#residential_charitable_property_tax_exemption_applies
          output: residential_charitable_property_tax_exemption_applies
          hash: >-
            sha256:369b1b734256323f2a0b6da074e3f46c37946ac0892cd1bb3377f74319e9bf2f
versions:
  - effective_from: '0001-01-01'
    formula: |-
      property_has_residential_land_and_structure_under_construction
      and property_is_irrevocably_committed_to_residential_use
      and residential_charitable_property_tax_exemption_applies
      and not assessment_date_is_subsequent_to_occupancy_authority_issuance

▸rulespec code

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statutes/39/39-3-113.yaml

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Rules

construction_property_exemption_through_section_109_applies

Derived

source: 39-3-113

- name: construction_property_exemption_through_section_109_applies
  kind: derived
  entity: Asset
  dtype: Judgment
  period: Year
  source: 39-3-113
  metadata:
    proof:
      atoms:
        - path: versions[0].formula
          kind: condition
          source:
            corpus_citation_path: us-co/statute/39/39-3-113
        - path: versions[0].formula
          kind: import
          import:
            target: us-co:statutes/39/39-3-109#residential_charitable_property_tax_exemption_applies
            output: residential_charitable_property_tax_exemption_applies
            hash: sha256:369b1b734256323f2a0b6da074e3f46c37946ac0892cd1bb3377f74319e9bf2f
  versions:
    - effective_from: '0001-01-01'
      formula: |-
        property_has_residential_land_and_structure_under_construction
        and property_is_irrevocably_committed_to_residential_use
        and residential_charitable_property_tax_exemption_applies
        and not assessment_date_is_subsequent_to_occupancy_authority_issuance

▸citations (3)

References

This rule cites 3 other rules.

CO 39 § 39-3-109 (1)inferredCO › Statutes › Title 39 › § 39-3-109 › (1)
CO 39 § 39-3-109inferredCO › Statutes › Title 39 › § 39-3-109
CO 39 § 39-2-117inferredCO › Statutes › Title 39 › § 39-2-117