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us-co/statute/39/39-5-113.5 — Works of art - apportionment of value · Axiom

Works of art - apportionment of value

3 rules

(1) Any persons owning any works of art which are apt to be displayed in any county of the state during any calendar year shall indicate in a statement accompanying their personal property schedule the kind and description of such works of art and the estimated period of time during the calendar year in which such works of art are to be so displayed and shall provide to the assessor proof of exemption pursuant to the provisions of sections 39-3-123 and 39-26-102 (2.5). Failure to file a statement results in forfeiture of a claim for exemption in that calendar year.

(2) The assessor of the county in which such works of art are displayed shall determine its value in the proportion that the periods of time during which such works of art may be displayed bear to the full calendar year. He shall furnish a copy of such valuation to the owner of such works of art or to his agent.

in view

Whole section

Encodings · 3

work_of_art_exemption_claim_forfeitedCO 39 § 39-5-113.5 · derived

C.R.S. 39-5-113.5(1)

name: work_of_art_exemption_claim_forfeited
kind: derived
entity: Asset
dtype: Judgment
period: Year
source: C.R.S. 39-5-113.5(1)
metadata:
  proof:
    atoms:
      - path: versions[0].formula
        kind: exception
        source:
          corpus_citation_path: us-co/statute/39/39-5-113.5
          excerpt: >-
            Failure to file a statement results in forfeiture of a claim for
            exemption in that calendar year.
versions:
  - effective_from: '0001-01-01'
    formula: |-
      work_of_art_is_apt_to_be_displayed_in_county_during_calendar_year
      and not owner_files_required_artwork_display_statement

work_of_art_display_value_proration_appliesCO 39 § 39-5-113.5 · derived

C.R.S. 39-5-113.5(2)

name: work_of_art_display_value_proration_applies
kind: derived
entity: Asset
dtype: Judgment
period: Year
source: C.R.S. 39-5-113.5(2)
metadata:
  proof:
    atoms:
      - path: versions[0].formula
        kind: condition
        source:
          corpus_citation_path: us-co/statute/39/39-5-113.5
          excerpt: >-
            The assessor of the county in which such works of art are displayed
            shall determine its value.
versions:
  - effective_from: '0001-01-01'
    formula: work_of_art_is_displayed_in_county_during_calendar_year

work_of_art_value_for_display_periodCO 39 § 39-5-113.5 · derived

C.R.S. 39-5-113.5(2)

name: work_of_art_value_for_display_period
kind: derived
entity: Asset
dtype: Money
unit: USD
period: Year
source: C.R.S. 39-5-113.5(2)
metadata:
  proof:
    atoms:
      - path: versions[0].formula
        kind: formula
        source:
          corpus_citation_path: us-co/statute/39/39-5-113.5
          excerpt: >-
            determine its value in the proportion that the periods of time
            during which such works of art may be displayed bear to the full
            calendar year.
versions:
  - effective_from: '0001-01-01'
    formula: |-
      if work_of_art_display_value_proration_applies:
        work_of_art_full_calendar_year_value * work_of_art_display_period_fraction_of_calendar_year
      else: 0

▸rulespec code

Shown source

statutes/39/39-5-113.5.yaml

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View on GitHub

Rules

work_of_art_exemption_claim_forfeited

Derived

source: C.R.S. 39-5-113.5(1)

- name: work_of_art_exemption_claim_forfeited
  kind: derived
  entity: Asset
  dtype: Judgment
  period: Year
  source: C.R.S. 39-5-113.5(1)
  metadata:
    proof:
      atoms:
        - path: versions[0].formula
          kind: exception
          source:
            corpus_citation_path: us-co/statute/39/39-5-113.5
            excerpt: >-
              Failure to file a statement results in forfeiture of a claim for exemption in that
              calendar year.
  versions:
    - effective_from: '0001-01-01'
      formula: |-
        work_of_art_is_apt_to_be_displayed_in_county_during_calendar_year
        and not owner_files_required_artwork_display_statement

work_of_art_display_value_proration_applies

Derived

source: C.R.S. 39-5-113.5(2)

- name: work_of_art_display_value_proration_applies
  kind: derived
  entity: Asset
  dtype: Judgment
  period: Year
  source: C.R.S. 39-5-113.5(2)
  metadata:
    proof:
      atoms:
        - path: versions[0].formula
          kind: condition
          source:
            corpus_citation_path: us-co/statute/39/39-5-113.5
            excerpt: >-
              The assessor of the county in which such works of art are displayed shall determine
              its value.
  versions:
    - effective_from: '0001-01-01'
      formula: work_of_art_is_displayed_in_county_during_calendar_year

work_of_art_value_for_display_period

Derived

source: C.R.S. 39-5-113.5(2)

- name: work_of_art_value_for_display_period
  kind: derived
  entity: Asset
  dtype: Money
  unit: USD
  period: Year
  source: C.R.S. 39-5-113.5(2)
  metadata:
    proof:
      atoms:
        - path: versions[0].formula
          kind: formula
          source:
            corpus_citation_path: us-co/statute/39/39-5-113.5
            excerpt: >-
              determine its value in the proportion that the periods of time during which such works
              of art may be displayed bear to the full calendar year.
  versions:
    - effective_from: '0001-01-01'
      formula: |-
        if work_of_art_display_value_proration_applies:
          work_of_art_full_calendar_year_value * work_of_art_display_period_fraction_of_calendar_year
        else: 0

▸citations (1)

References

This rule cites 1 other rule.

CO 39 § 39-3-123inferredCO › Statutes › Title 39 › § 39-3-123

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Works of art - apportionment of value

3 rules

Official source

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in view

Whole section

Encodings · 3

work_of_art_exemption_claim_forfeitedCO 39 § 39-5-113.5 · derived

C.R.S. 39-5-113.5(1)

name: work_of_art_exemption_claim_forfeited
kind: derived
entity: Asset
dtype: Judgment
period: Year
source: C.R.S. 39-5-113.5(1)
metadata:
  proof:
    atoms:
      - path: versions[0].formula
        kind: exception
        source:
          corpus_citation_path: us-co/statute/39/39-5-113.5
          excerpt: >-
            Failure to file a statement results in forfeiture of a claim for
            exemption in that calendar year.
versions:
  - effective_from: '0001-01-01'
    formula: |-
      work_of_art_is_apt_to_be_displayed_in_county_during_calendar_year
      and not owner_files_required_artwork_display_statement

work_of_art_display_value_proration_appliesCO 39 § 39-5-113.5 · derived

C.R.S. 39-5-113.5(2)

name: work_of_art_display_value_proration_applies
kind: derived
entity: Asset
dtype: Judgment
period: Year
source: C.R.S. 39-5-113.5(2)
metadata:
  proof:
    atoms:
      - path: versions[0].formula
        kind: condition
        source:
          corpus_citation_path: us-co/statute/39/39-5-113.5
          excerpt: >-
            The assessor of the county in which such works of art are displayed
            shall determine its value.
versions:
  - effective_from: '0001-01-01'
    formula: work_of_art_is_displayed_in_county_during_calendar_year

work_of_art_value_for_display_periodCO 39 § 39-5-113.5 · derived

C.R.S. 39-5-113.5(2)

name: work_of_art_value_for_display_period
kind: derived
entity: Asset
dtype: Money
unit: USD
period: Year
source: C.R.S. 39-5-113.5(2)
metadata:
  proof:
    atoms:
      - path: versions[0].formula
        kind: formula
        source:
          corpus_citation_path: us-co/statute/39/39-5-113.5
          excerpt: >-
            determine its value in the proportion that the periods of time
            during which such works of art may be displayed bear to the full
            calendar year.
versions:
  - effective_from: '0001-01-01'
    formula: |-
      if work_of_art_display_value_proration_applies:
        work_of_art_full_calendar_year_value * work_of_art_display_period_fraction_of_calendar_year
      else: 0

▸rulespec code

Shown source

statutes/39/39-5-113.5.yaml

Displaying the canonical repository encoding.

View on GitHub

Rules

work_of_art_exemption_claim_forfeited

Derived

source: C.R.S. 39-5-113.5(1)

- name: work_of_art_exemption_claim_forfeited
  kind: derived
  entity: Asset
  dtype: Judgment
  period: Year
  source: C.R.S. 39-5-113.5(1)
  metadata:
    proof:
      atoms:
        - path: versions[0].formula
          kind: exception
          source:
            corpus_citation_path: us-co/statute/39/39-5-113.5
            excerpt: >-
              Failure to file a statement results in forfeiture of a claim for exemption in that
              calendar year.
  versions:
    - effective_from: '0001-01-01'
      formula: |-
        work_of_art_is_apt_to_be_displayed_in_county_during_calendar_year
        and not owner_files_required_artwork_display_statement

work_of_art_display_value_proration_applies

Derived

source: C.R.S. 39-5-113.5(2)

- name: work_of_art_display_value_proration_applies
  kind: derived
  entity: Asset
  dtype: Judgment
  period: Year
  source: C.R.S. 39-5-113.5(2)
  metadata:
    proof:
      atoms:
        - path: versions[0].formula
          kind: condition
          source:
            corpus_citation_path: us-co/statute/39/39-5-113.5
            excerpt: >-
              The assessor of the county in which such works of art are displayed shall determine
              its value.
  versions:
    - effective_from: '0001-01-01'
      formula: work_of_art_is_displayed_in_county_during_calendar_year

work_of_art_value_for_display_period

Derived

source: C.R.S. 39-5-113.5(2)

- name: work_of_art_value_for_display_period
  kind: derived
  entity: Asset
  dtype: Money
  unit: USD
  period: Year
  source: C.R.S. 39-5-113.5(2)
  metadata:
    proof:
      atoms:
        - path: versions[0].formula
          kind: formula
          source:
            corpus_citation_path: us-co/statute/39/39-5-113.5
            excerpt: >-
              determine its value in the proportion that the periods of time during which such works
              of art may be displayed bear to the full calendar year.
  versions:
    - effective_from: '0001-01-01'
      formula: |-
        if work_of_art_display_value_proration_applies:
          work_of_art_full_calendar_year_value * work_of_art_display_period_fraction_of_calendar_year
        else: 0

▸citations (1)

References

This rule cites 1 other rule.

CO 39 § 39-3-123inferredCO › Statutes › Title 39 › § 39-3-123