Colorado § 7-44-101 Tax exemptions - fees

Colorado Statutes

§ 7-44-101 — Tax exemptions - fees

Colorado·Title 07 Corporations·Art. Water Users' Associations

Any water users' association that is
organized in conformity with the requirements of the United States under the
reclamation act of June 17, 1902, and that, under its articles of incorporation, is
authorized to furnish water only to its stockholders, shall be exempt from the
payment of any income tax and from the payment of any annual franchise tax but
shall be required to pay, as preliminary to its incorporation, a fee that shall be
determined and collected pursuant to section 24-21-104 (3), C.R.S., for the filing and
recording of its articles of incorporation.

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Any water users' association that is
organized in conformity with the requirements of the United States under the
reclamation act of June 17, 1902, and that, under its articles of incorporation, is
authorized to furnish water only to its stockholders, shall be exempt from the
payment of any income tax and from the payment of any annual franchise tax but
shall be required to pay, as preliminary to its incorporation, a fee that shall be
determined and collected pursuant to section 24-21-104 (3), C.R.S., for the filing and
recording of its articles of incorporation.

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Legislative History

Source: L. 05: p. 360, � 1. R.S. 08: � 1000. C.L. � 2367. CSA: C. 41, � 155. CRS 53: � 31-16-1. C.R.S. 1963: � 31-16-1. L. 81: Entire section amended, p. 430, � 4, effective July 1. L. 2008: Entire section amended, p. 23, � 15, effective August 5.