Colorado § 39-5-113 Movable equipment - apportionment of value

Colorado Statutes

§ 39-5-113 — Movable equipment - apportionment of value

Colorado § 39-5-113

Title 39Taxation

Art.Valuation and Taxation

This text of Colorado § 39-5-113 (Movable equipment - apportionment of value) 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. § 39-5-113 (2026).

Text

(1)Any person owning any portable or movable equipment which is apt to be located or maintained in two or more counties of the state during any calendar year shall indicate in a statement accompanying his personal property schedule the kind and description and a serial number, if available, of such equipment, the counties in which such equipment is apt to be located or maintained, and the estimated period of time during the calendar year in which such equipment is apt to be so located and maintained.

(2)The assessor of the county in which such equipment is located on the assessment date shall determine its value and shall apportion such value between the counties affected and the school districts thereof, in the proportion that the periods of time during which such equipment m

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(1) Any person
owning any portable or movable equipment which is apt to be located or maintained
in two or more counties of the state during any calendar year shall indicate in a
statement accompanying his personal property schedule the kind and description
and a serial number, if available, of such equipment, the counties in which such
equipment is apt to be located or maintained, and the estimated period of time
during the calendar year in which such equipment is apt to be so located and
maintained.

(2) The assessor of the county in which such equipment is located on the
assessment date shall determine its value and shall apportion such value between
the counties affected and the school districts thereof, in the proportion that the
periods of time during which such equipment may be located or maintained in such
counties bear to the full calendar year. He shall furnish a copy of such valuation and
apportionment to the owner of such equipment or to his agent and shall also
transmit a copy thereof to the assessor of each county affected as his authority to
list the apportioned value of such equipment on the assessment roll of his county.
For purposes of making such apportionment, the valuation of the portable or
movable equipment made by the assessor of the county of original assessment
shall be used by all county assessors involved.

(3) If, subsequent to the making of such apportionment of value, any such
equipment is removed to a county not initially included in such apportionment or if
any such equipment is located or maintained in any county for a period of time
different from that used in the initial apportionment, then an amended
apportionment of value shall be requested by the assessor of any county so
affected. Such assessor shall furnish a copy of such requested amended
apportionment to the owner of such equipment or to his agent and shall also
transmit a copy thereof to the assessor of each county affected, as his authority to
list such reapportioned value on the assessment roll of his county. Failure of a
county assessor to request such an amended apportionment shall permit the
original apportionment of value to stand, and no other county assessor shall assess
such equipment as is listed in the original apportionment for any period during the
year of the original assessment. If such amended apportionment of value is
received by any assessor after he has filed his annual abstract of assessment with
the administrator, then either an abatement or an additional assessment shall be
made, as the case may be.

(4) Repealed.

Legislative History

Source: L. 64: R&RE, p. 700, � 1. C.R.S. 1963: � 137-5-13. L. 65: p. 1099, � 1. L. 76: (4) repealed, p. 765, � 33, effective January 1, 1977. L. 90: (2) amended, p. 1696, � 18, effective June 9.