us-co/statute/39/39-3-116 — Combination use of property - charitable, religious, and educational purposes - exemption

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us-co/statute/39/39-3-116 — Combination use of property - charitable, religious, and educational purposes - exemption - limitations · Axiom

(1) Except as otherwise provided in this section, property, real and personal, which is used, or owned and used, as applicable, by the owner thereof or by any other person or organization solely and exclusively for any combination of the purposes specified in sections 39-3-106 to 39-3-113.5, subject to the limitations and requirements in said sections, is exempt from the levy and collection of property tax. No requirement shall be imposed that use of property that is otherwise exempt pursuant to any of said sections shall benefit the people of Colorado in order to qualify for said exemption. Property that is otherwise exempt pursuant to the provisions of this section is subject to the provisions of section 39-3-129 relating to the proportional valuation of exempt property if such property is partially leased, loaned, or otherwise made available for a portion of any calendar year to any business conducted for profit.

(2) Except as set forth in subsection (2.5) of this section, in the event that such property is used by any person or organization other than the owner:

(a)The use of the property by the owner, if any, must…#

(a) The use of the property by the owner, if any, must qualify pursuant to the provisions of this section or pursuant to any of the provisions of sections 39-3-106 to 39-3-113.5, and, in addition, the owner must qualify for an exemption pursuant to the provisions of section 39-2-117;

(b)The use of the property by the person or organization…#

(b) The use of the property by the person or organization other than the owner is a use described in the provisions of this section or in any of the provisions of sections 39-3-106 to 39-3-113.5 or such person or organization is otherwise exempt from the payment of property taxes; and

(c)The amount received by the owner for the use of such…#

(c) The amount received by the owner for the use of such property specified in sections 39-3-107 to 39-3-113.5, other than from any shareholder or member of the owner or from any person or organization controlled by an organization which also controls such shareholder or member, must not exceed one dollar per year plus an equitable portion of the reasonable expenses incurred in the operation and maintenance of the property so used. For purposes of this paragraph (c), reasonable expenses include interest expenses, depreciation, long-term maintenance expenses allowed in accordance with generally accepted accounting principles, capital expenses dedicated to refurbishing the property, and expenses incurred to allow the property to conserve energy, water, or other natural resources, but do not include any amount expended to reduce debt.

(2.5) Subsection (2) of this section does not apply to property that is used as an integral part of a child care center operated by a person or organization other than the owner of the property and that qualifies for an exemption under section 39-3-110.

(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 · 3

nominal_annual_property_use_paymentCO 39 § 39-3-116 · parameter

C.R.S. 39-3-116(2)(c)

name: nominal_annual_property_use_payment
kind: parameter
dtype: Money
period: Year
unit: USD
source: C.R.S. 39-3-116(2)(c)
metadata:
  proof:
    atoms:
      - path: versions[0].formula
        kind: amount
        source:
          corpus_citation_path: us-co/statute/39/39-3-116
          excerpt: must not exceed one dollar per year
versions:
  - effective_from: '0001-01-01'
    formula: '1'

nonowner_property_use_charge_satisfies_limitCO 39 § 39-3-116 · derived

C.R.S. 39-3-116(2)(c)

name: nonowner_property_use_charge_satisfies_limit
kind: derived
entity: Asset
dtype: Judgment
period: Year
source: C.R.S. 39-3-116(2)(c)
metadata:
  proof:
    atoms:
      - path: versions[0].formula
        kind: condition
        source:
          corpus_citation_path: us-co/statute/39/39-3-116
          excerpt: >-
            other than from any shareholder or member of the owner or from any
            person or organization controlled by an organization which also
            controls such shareholder or member
      - path: versions[0].formula
        kind: formula
        source:
          corpus_citation_path: us-co/statute/39/39-3-116
          excerpt: >-
            must not exceed one dollar per year plus an equitable portion of the
            reasonable expenses incurred in the operation and maintenance of the
            property so used
      - path: versions[0].formula
        kind: parameter
        source:
          corpus_citation_path: us-co/statute/39/39-3-116
          excerpt: one dollar per year
versions:
  - effective_from: '0001-01-01'
    formula: >-
      amount_received_for_property_use_is_from_excluded_owner_relationship

      or amount_received_for_property_use <= nominal_annual_property_use_payment
      + equitable_portion_of_reasonable_operation_and_maintenance_expenses

nonowner_child_care_center_use_is_exempt_from_subsection_2_conditionsCO 39 § 39-3-116 · derived

C.R.S. 39-3-116(2.5)

name: nonowner_child_care_center_use_is_exempt_from_subsection_2_conditions
kind: derived
entity: Asset
dtype: Judgment
period: Year
source: C.R.S. 39-3-116(2.5)
metadata:
  proof:
    atoms:
      - path: versions[0].formula
        kind: condition
        source:
          corpus_citation_path: us-co/statute/39/39-3-116
          excerpt: >-
            property that is used as an integral part of a child care center
            operated by a person or organization other than the owner of the
            property
      - path: versions[0].formula
        kind: import
        import:
          target: >-
            us-co:statutes/39/39-3-110#child_care_center_satisfies_exemption_requirements
          output: child_care_center_satisfies_exemption_requirements
          hash: >-
            sha256:2797c30cab111b3f5dcaa3a8ae7203f96761badf7ddebe2b837d254b365ae597
versions:
  - effective_from: '0001-01-01'
    formula: >-
      property_is_used_as_an_integral_part_of_child_care_center

      and
      child_care_center_is_operated_by_person_or_organization_other_than_property_owner

      and child_care_center_satisfies_exemption_requirements

▸rulespec code

Shown source

statutes/39/39-3-116.yaml

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Rules

nominal_annual_property_use_payment

Parameter

source: C.R.S. 39-3-116(2)(c)

- name: nominal_annual_property_use_payment
  kind: parameter
  dtype: Money
  period: Year
  unit: USD
  source: C.R.S. 39-3-116(2)(c)
  metadata:
    proof:
      atoms:
        - path: versions[0].formula
          kind: amount
          source:
            corpus_citation_path: us-co/statute/39/39-3-116
            excerpt: must not exceed one dollar per year
  versions:
    - effective_from: '0001-01-01'
      formula: '1'

nonowner_property_use_charge_satisfies_limit

Derived

source: C.R.S. 39-3-116(2)(c)

- name: nonowner_property_use_charge_satisfies_limit
  kind: derived
  entity: Asset
  dtype: Judgment
  period: Year
  source: C.R.S. 39-3-116(2)(c)
  metadata:
    proof:
      atoms:
        - path: versions[0].formula
          kind: condition
          source:
            corpus_citation_path: us-co/statute/39/39-3-116
            excerpt: >-
              other than from any shareholder or member of the owner or from any person or
              organization controlled by an organization which also controls such shareholder or
              member
        - path: versions[0].formula
          kind: formula
          source:
            corpus_citation_path: us-co/statute/39/39-3-116
            excerpt: >-
              must not exceed one dollar per year plus an equitable portion of the reasonable
              expenses incurred in the operation and maintenance of the property so used
        - path: versions[0].formula
          kind: parameter
          source:
            corpus_citation_path: us-co/statute/39/39-3-116
            excerpt: one dollar per year
  versions:
    - effective_from: '0001-01-01'
      formula: >-
        amount_received_for_property_use_is_from_excluded_owner_relationship

        or amount_received_for_property_use <= nominal_annual_property_use_payment +
        equitable_portion_of_reasonable_operation_and_maintenance_expenses

nonowner_child_care_center_use_is_exempt_from_subsection_2_conditions

Derived

source: C.R.S. 39-3-116(2.5)

- name: nonowner_child_care_center_use_is_exempt_from_subsection_2_conditions
  kind: derived
  entity: Asset
  dtype: Judgment
  period: Year
  source: C.R.S. 39-3-116(2.5)
  metadata:
    proof:
      atoms:
        - path: versions[0].formula
          kind: condition
          source:
            corpus_citation_path: us-co/statute/39/39-3-116
            excerpt: >-
              property that is used as an integral part of a child care center operated by a person
              or organization other than the owner of the property
        - path: versions[0].formula
          kind: import
          import:
            target: us-co:statutes/39/39-3-110#child_care_center_satisfies_exemption_requirements
            output: child_care_center_satisfies_exemption_requirements
            hash: sha256:2797c30cab111b3f5dcaa3a8ae7203f96761badf7ddebe2b837d254b365ae597
  versions:
    - effective_from: '0001-01-01'
      formula: |-
        property_is_used_as_an_integral_part_of_child_care_center
        and child_care_center_is_operated_by_person_or_organization_other_than_property_owner
        and child_care_center_satisfies_exemption_requirements

▸citations (8)

References

This rule cites 8 other rules.

CO 39 § 39-3-106inferredCO › Statutes › Title 39 › § 39-3-106
CO 39 § 39-3-129inferredCO › Statutes › Title 39 › § 39-3-129
CO 39 § 39-3-106inferredCO › Statutes › Title 39 › § 39-3-106
CO 39 § 39-2-117inferredCO › Statutes › Title 39 › § 39-2-117
CO 39 § 39-3-106inferredCO › Statutes › Title 39 › § 39-3-106
CO 39 § 39-3-107inferredCO › Statutes › Title 39 › § 39-3-107
CO 39 § 39-3-110inferredCO › Statutes › Title 39 › § 39-3-110
CO 39 § 39-2-117inferredCO › Statutes › Title 39 › § 39-2-117