2021 Colorado Code
Title 7 - Corporations and Associations
Article 44 - Water Users' Associations
§ 7-44-101. Tax Exemptions - Fees
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.
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.
Cross references:
For the “National Irrigation Act of 1902”, also known as the “Reclamation Act” or the “Newlands Reclamation Act”, see 43 U.S.C. § 371 et seq.
ANNOTATIONLaw reviews. For article, “When Corporate Stock Becomes Real Estate”, see 21 Dicta 53 (1944). For article, “Irrigation Confirmation Proceedings”, see 21 Dicta 140 (1944). For article, “Curative Statutes of Colorado Respecting Titles to Real Estate”, see 26 Dicta 321 (1949).
