§ 39-1.5-106. Relationship between prepaid taxes and the limitation on local government levies

CO Rev Stat § 39-1.5-106 (2018) (N/A)
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In determining the amount of revenue which a local government is allowed to levy under section 29-1-301, C.R.S., prepayments made under this article shall not be deemed property tax revenue in the year of prepayment; however, tax liability against which a credit is to be allowed shall be deemed property tax revenue attributable to increased valuation for new construction or bond revenue in accordance with section 29-1-302, C.R.S., in the year in which a credit is to be allowed.