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us-co/statute/39/39-3-119 — Inventories - materials and supplies - held for consumption or primarily for sale - exemption · Axiom

Inventories - materials and supplies - held for consumption or primarily for sale - exemption

1 rule

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Inventories of merchandise and materials and supplies that are held for consumption by any business or are held primarily for sale shall be exempt from the levy and collection of property tax. The property tax administrator shall publish in the manuals, appraisal procedures, and instructions prepared and published pursuant to section 39-2-109 (1)(e) a definition or description of the types of personal property that are held for consumption by any business and therefore exempt from the levy and collection of property tax pursuant to this section.

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Encodings · 1

inventory_property_tax_exemption_appliesCO 39 § 39-3-119 · derived

C.R.S. § 39-3-119

name: inventory_property_tax_exemption_applies
kind: derived
entity: Asset
dtype: Judgment
period: Year
source: C.R.S. § 39-3-119
metadata:
  proof:
    atoms:
      - path: versions[0].formula
        kind: condition
        source:
          corpus_citation_path: us-co/statute/39/39-3-119
versions:
  - effective_from: '0001-01-01'
    formula: >-
      (asset_is_inventory_of_merchandise or
      asset_is_inventory_of_materials_or_supplies)

      and (inventory_is_held_for_business_consumption or
      inventory_is_held_primarily_for_sale)

▸rulespec code

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statutes/39/39-3-119.yaml

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Rules

inventory_property_tax_exemption_applies

Derived

source: C.R.S. § 39-3-119

- name: inventory_property_tax_exemption_applies
  kind: derived
  entity: Asset
  dtype: Judgment
  period: Year
  source: C.R.S. § 39-3-119
  metadata:
    proof:
      atoms:
        - path: versions[0].formula
          kind: condition
          source:
            corpus_citation_path: us-co/statute/39/39-3-119
  versions:
    - effective_from: '0001-01-01'
      formula: |-
        (asset_is_inventory_of_merchandise or asset_is_inventory_of_materials_or_supplies)
        and (inventory_is_held_for_business_consumption or inventory_is_held_primarily_for_sale)

▸citations (1)

References

This rule cites 1 other rule.

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