2016 Colorado Revised Statutes
Title 39 - Taxation
Property Tax
Article 1.5 - Prepayment of Ad Valorem Taxes
§ 39-1.5-106. Relationship between prepaid taxes and the limitation on local government levies
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.
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