Colo. Rev. Stat. § 39-1.5-106
Current through Acts effective through 7/1/2024 of the 2024 Legislative Session
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.
C.R.S. § 39-1.5-106