Colorado § 39-1.5-104 Prepayment - amounts - credits - limitations

Colorado Statutes

§ 39-1.5-104 — Prepayment - amounts - credits - limitations

Colorado § 39-1.5-104

Title 39Taxation

Art.Prepayment of Ad Valorem Taxes

This text of Colorado § 39-1.5-104 (Prepayment - amounts - credits - limitations) is published on Counsel Stack Legal Research, covering Colorado primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.

Bluebook

Colo. Rev. Stat. § 39-1.5-104 (2026).

Text

(1)An owner of an operation who elects to make prepayments under this article and the governing body of a local government shall jointly determine and agree upon:

(a)The total amount of prepayments to be made; except that the total amount of prepayments shall not exceed twenty-five percent of the estimate of the operation's projected tax liability to the local government over a twenty-year period, commencing with the taxable year in which the valuation for assessment of the operation is estimated to exceed fifty million dollars;

(b)The amounts and intervals of prepayments and credits for such prepayments; except that an annual prepayment credit shall not be allowed prior to the taxable year in which the operation begins functioning or the valuation for assessment of the opera

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(1) An owner of an
operation who elects to make prepayments under this article and the governing
body of a local government shall jointly determine and agree upon:

(a) The total amount of prepayments to be made; except that the total
amount of prepayments shall not exceed twenty-five percent of the estimate of the
operation's projected tax liability to the local government over a twenty-year
period, commencing with the taxable year in which the valuation for assessment of
the operation is estimated to exceed fifty million dollars;

(b) The amounts and intervals of prepayments and credits for such
prepayments; except that an annual prepayment credit shall not be allowed prior to
the taxable year in which the operation begins functioning or the valuation for
assessment of the operation exceeds fifty million dollars, whichever is earlier, nor
shall it exceed twenty-five percent of the taxes due from the operation to that local
government for the then current property tax year.

(2) The owner of an operation, the governing body of the local government,
the assessor, the treasurer, and the division of property taxation in the department
of local affairs shall estimate when the operation's projected valuation for
assessment will exceed fifty million dollars and the amount thereof for the ensuing
twenty years, as well as the operation's projected liability for general property
taxes for the applicable period.

(3) The governing body of the local government shall adopt a resolution or
ordinance which contains the total amount of taxes to be prepaid, the anticipated
amounts and anticipated intervals of prepayments and credits for such
prepayments, and the capital improvement or improvements upon which such
prepaid taxes will be expended.

(4) The credit allowed in any taxable year for prepayments made under this
article to or for each local government or any fund or account within the fund
thereof shall be treated as an abatement of the property taxes due to such local
government for that year from said operation and shall not affect the determination
of the valuation for assessment thereof. The credit shall be shown on the tax
statement for that year as it applies to each local government, fund, or fund
account to which applied.