Colo. Rev. Stat. § 39-3-118.5
Business personal property - exemption - exemption authority for local governments
Colorado · Colorado Revised Statutes Title 39 — Taxation · Status: effective
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- Citation
- Colo. Rev. Stat. § 39-3-118.5, Business personal property - exemption - exemption authority for local governments, Colorado, version 1 as recorded 2026-10-03, yourstate.us, https://yourstate.us/provision/2318332
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Full text
(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.