Qualifying business entities - participation in federal tax credit transactions - exemption - requirements - definitions
C.R.S. § 39-3-127.5
in effect39-3-127.5. Qualifying business entities - participation in federal tax credit transactions - exemption - requirements - definitions. (1) As used in this section, unless the context otherwise requires:
(a) "Qualified business entity" means a limited partnership or a limited liability company:
(I) That is formed for the purpose of obtaining federal tax credits and that does obtain such credits; and
(II) The general partner or managing member of which is an entity that would qualify for property tax exemption under sections 39-3-106 to 39-3-113.5.
(2) For property tax years beginning on or after January 1, 2014, real and personal property is exempt from the levy and collection of property tax if:
(a) The property tax is owed by a qualified business entity; and
(b) The property is used for the purposes described in sections 39-3-106 to 39-3-113.5 and 39-3-116.
(3) In addition to any other requirement specified in this section, any exemption claimed pursuant to the provisions of this section must also comply with section 39-2-117.
Source: Open US Law by Vaquill AI (CC BY 4.0)URL: https://leg.colorado.gov/sites/default/files/images/olls/crs2024-title-39.docx#39-3-127.5Fetched: 10/6/2026