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us-co/statute/39/39-3-118.5 — Business personal property - exemption - exemption authority for local governments · Axiom

Business personal property - exemption - exemption authority for local governments

3 rules

Official source

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(1) For property tax years commencing on and after January 1, 1996, business personal property shall be exempt from the levy and collection of property tax until such business personal property is first used in the business after acquisition.

(2) For the property tax year commencing on January 1, 2021, any county, municipality, or special district may exempt from its levy and collection of property tax up to one hundred percent of any business personal property.

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Whole section

Encodings · 3

business_personal_property_exempt_before_first_business_useCO 39 § 39-3-118.5 · derived

Colo. Rev. Stat. § 39-3-118.5(1)

name: business_personal_property_exempt_before_first_business_use
kind: derived
entity: Asset
dtype: Judgment
period: Year
source: Colo. Rev. Stat. § 39-3-118.5(1)
metadata:
  proof:
    atoms:
      - path: versions[0].formula
        kind: effective_period
        source:
          corpus_citation_path: us-co/statute/39/39-3-118.5
          excerpt: property tax years commencing on and after January 1, 1996
      - path: versions[0].formula
        kind: condition
        source:
          corpus_citation_path: us-co/statute/39/39-3-118.5
          excerpt: >-
            business personal property shall be exempt ... until such business
            personal property is first used in the business after acquisition
versions:
  - effective_from: '1996-01-01'
    formula: >-
      asset_is_business_personal_property

      and not
      business_personal_property_has_been_first_used_in_business_after_acquisition

local_government_business_personal_property_exemption_maximum_rateCO 39 § 39-3-118.5 · parameter

Colo. Rev. Stat. § 39-3-118.5(2)

name: local_government_business_personal_property_exemption_maximum_rate
kind: parameter
dtype: Rate
source: Colo. Rev. Stat. § 39-3-118.5(2)
metadata:
  proof:
    atoms:
      - path: versions[0].formula
        kind: parameter
        source:
          corpus_citation_path: us-co/statute/39/39-3-118.5
          excerpt: up to one hundred percent
versions:
  - effective_from: '2021-01-01'
    formula: '1'

local_government_business_personal_property_exemption_rate_capCO 39 § 39-3-118.5 · derived

Colo. Rev. Stat. § 39-3-118.5(2)

name: local_government_business_personal_property_exemption_rate_cap
kind: derived
entity: LocalGovernment
dtype: Rate
period: Year
source: Colo. Rev. Stat. § 39-3-118.5(2)
metadata:
  proof:
    atoms:
      - path: versions[0].formula
        kind: condition
        source:
          corpus_citation_path: us-co/statute/39/39-3-118.5
          excerpt: >-
            For the property tax year commencing on January 1, 2021, any county,
            municipality, or special district may exempt
      - path: versions[0].formula
        kind: formula
        source:
          corpus_citation_path: us-co/statute/39/39-3-118.5
          excerpt: up to one hundred percent of any business personal property
versions:
  - effective_from: '2021-01-01'
    formula: >-
      if local_government_is_county_municipality_or_special_district and
      tax_year_is_authorized_exemption_year:
      local_government_business_personal_property_exemption_maximum_rate else: 0

▸rulespec code

Shown source

statutes/39/39-3-118.5.yaml

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Rules

business_personal_property_exempt_before_first_business_use

Derived

source: Colo. Rev. Stat. § 39-3-118.5(1)

- name: business_personal_property_exempt_before_first_business_use
  kind: derived
  entity: Asset
  dtype: Judgment
  period: Year
  source: Colo. Rev. Stat. § 39-3-118.5(1)
  metadata:
    proof:
      atoms:
        - path: versions[0].formula
          kind: effective_period
          source:
            corpus_citation_path: us-co/statute/39/39-3-118.5
            excerpt: property tax years commencing on and after January 1, 1996
        - path: versions[0].formula
          kind: condition
          source:
            corpus_citation_path: us-co/statute/39/39-3-118.5
            excerpt: >-
              business personal property shall be exempt ... until such business personal property
              is first used in the business after acquisition
  versions:
    - effective_from: '1996-01-01'
      formula: |-
        asset_is_business_personal_property
        and not business_personal_property_has_been_first_used_in_business_after_acquisition

local_government_business_personal_property_exemption_maximum_rate

Parameter

source: Colo. Rev. Stat. § 39-3-118.5(2)

- name: local_government_business_personal_property_exemption_maximum_rate
  kind: parameter
  dtype: Rate
  source: Colo. Rev. Stat. § 39-3-118.5(2)
  metadata:
    proof:
      atoms:
        - path: versions[0].formula
          kind: parameter
          source:
            corpus_citation_path: us-co/statute/39/39-3-118.5
            excerpt: up to one hundred percent
  versions:
    - effective_from: '2021-01-01'
      formula: '1'

local_government_business_personal_property_exemption_rate_cap

Derived

source: Colo. Rev. Stat. § 39-3-118.5(2)

- name: local_government_business_personal_property_exemption_rate_cap
  kind: derived
  entity: LocalGovernment
  dtype: Rate
  period: Year
  source: Colo. Rev. Stat. § 39-3-118.5(2)
  metadata:
    proof:
      atoms:
        - path: versions[0].formula
          kind: condition
          source:
            corpus_citation_path: us-co/statute/39/39-3-118.5
            excerpt: >-
              For the property tax year commencing on January 1, 2021, any county, municipality, or
              special district may exempt
        - path: versions[0].formula
          kind: formula
          source:
            corpus_citation_path: us-co/statute/39/39-3-118.5
            excerpt: up to one hundred percent of any business personal property
  versions:
    - effective_from: '2021-01-01'
      formula: >-
        if local_government_is_county_municipality_or_special_district and
        tax_year_is_authorized_exemption_year:
        local_government_business_personal_property_exemption_maximum_rate else: 0

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Business personal property - exemption - exemption authority for local governments

3 rules

Official source

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in view

Whole section

Encodings · 3

business_personal_property_exempt_before_first_business_useCO 39 § 39-3-118.5 · derived

Colo. Rev. Stat. § 39-3-118.5(1)

name: business_personal_property_exempt_before_first_business_use
kind: derived
entity: Asset
dtype: Judgment
period: Year
source: Colo. Rev. Stat. § 39-3-118.5(1)
metadata:
  proof:
    atoms:
      - path: versions[0].formula
        kind: effective_period
        source:
          corpus_citation_path: us-co/statute/39/39-3-118.5
          excerpt: property tax years commencing on and after January 1, 1996
      - path: versions[0].formula
        kind: condition
        source:
          corpus_citation_path: us-co/statute/39/39-3-118.5
          excerpt: >-
            business personal property shall be exempt ... until such business
            personal property is first used in the business after acquisition
versions:
  - effective_from: '1996-01-01'
    formula: >-
      asset_is_business_personal_property

      and not
      business_personal_property_has_been_first_used_in_business_after_acquisition

local_government_business_personal_property_exemption_maximum_rateCO 39 § 39-3-118.5 · parameter

Colo. Rev. Stat. § 39-3-118.5(2)

name: local_government_business_personal_property_exemption_maximum_rate
kind: parameter
dtype: Rate
source: Colo. Rev. Stat. § 39-3-118.5(2)
metadata:
  proof:
    atoms:
      - path: versions[0].formula
        kind: parameter
        source:
          corpus_citation_path: us-co/statute/39/39-3-118.5
          excerpt: up to one hundred percent
versions:
  - effective_from: '2021-01-01'
    formula: '1'

local_government_business_personal_property_exemption_rate_capCO 39 § 39-3-118.5 · derived

Colo. Rev. Stat. § 39-3-118.5(2)

name: local_government_business_personal_property_exemption_rate_cap
kind: derived
entity: LocalGovernment
dtype: Rate
period: Year
source: Colo. Rev. Stat. § 39-3-118.5(2)
metadata:
  proof:
    atoms:
      - path: versions[0].formula
        kind: condition
        source:
          corpus_citation_path: us-co/statute/39/39-3-118.5
          excerpt: >-
            For the property tax year commencing on January 1, 2021, any county,
            municipality, or special district may exempt
      - path: versions[0].formula
        kind: formula
        source:
          corpus_citation_path: us-co/statute/39/39-3-118.5
          excerpt: up to one hundred percent of any business personal property
versions:
  - effective_from: '2021-01-01'
    formula: >-
      if local_government_is_county_municipality_or_special_district and
      tax_year_is_authorized_exemption_year:
      local_government_business_personal_property_exemption_maximum_rate else: 0

▸rulespec code

Shown source

statutes/39/39-3-118.5.yaml

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View on GitHub

Rules

business_personal_property_exempt_before_first_business_use

Derived

source: Colo. Rev. Stat. § 39-3-118.5(1)

- name: business_personal_property_exempt_before_first_business_use
  kind: derived
  entity: Asset
  dtype: Judgment
  period: Year
  source: Colo. Rev. Stat. § 39-3-118.5(1)
  metadata:
    proof:
      atoms:
        - path: versions[0].formula
          kind: effective_period
          source:
            corpus_citation_path: us-co/statute/39/39-3-118.5
            excerpt: property tax years commencing on and after January 1, 1996
        - path: versions[0].formula
          kind: condition
          source:
            corpus_citation_path: us-co/statute/39/39-3-118.5
            excerpt: >-
              business personal property shall be exempt ... until such business personal property
              is first used in the business after acquisition
  versions:
    - effective_from: '1996-01-01'
      formula: |-
        asset_is_business_personal_property
        and not business_personal_property_has_been_first_used_in_business_after_acquisition

local_government_business_personal_property_exemption_maximum_rate

Parameter

source: Colo. Rev. Stat. § 39-3-118.5(2)

- name: local_government_business_personal_property_exemption_maximum_rate
  kind: parameter
  dtype: Rate
  source: Colo. Rev. Stat. § 39-3-118.5(2)
  metadata:
    proof:
      atoms:
        - path: versions[0].formula
          kind: parameter
          source:
            corpus_citation_path: us-co/statute/39/39-3-118.5
            excerpt: up to one hundred percent
  versions:
    - effective_from: '2021-01-01'
      formula: '1'

local_government_business_personal_property_exemption_rate_cap

Derived

source: Colo. Rev. Stat. § 39-3-118.5(2)

- name: local_government_business_personal_property_exemption_rate_cap
  kind: derived
  entity: LocalGovernment
  dtype: Rate
  period: Year
  source: Colo. Rev. Stat. § 39-3-118.5(2)
  metadata:
    proof:
      atoms:
        - path: versions[0].formula
          kind: condition
          source:
            corpus_citation_path: us-co/statute/39/39-3-118.5
            excerpt: >-
              For the property tax year commencing on January 1, 2021, any county, municipality, or
              special district may exempt
        - path: versions[0].formula
          kind: formula
          source:
            corpus_citation_path: us-co/statute/39/39-3-118.5
            excerpt: up to one hundred percent of any business personal property
  versions:
    - effective_from: '2021-01-01'
      formula: >-
        if local_government_is_county_municipality_or_special_district and
        tax_year_is_authorized_exemption_year:
        local_government_business_personal_property_exemption_maximum_rate else: 0