Except as otherwise provided in this section, the income from notes issued pursuant to this article is exempt from all taxation and assessments in the state. In the certificate, indenture of trust, or other instrument authorizing the issuance of notes, the board or the executive director may waive the exemption from federal or state income taxation for interest on the notes.
Source: L. 2005: Entire article added, p. 755, § 1, effective June 1.
Structure Colorado Code
Article 115 - Financing of Critical State Needs
§ 24-115-102. Legislative Declaration
§ 24-115-105. Organizational Meeting - Chair - Personnel - Surety Note - Conflict of Interest
§ 24-115-106. Meetings of Board - Quorum - Expenses
§ 24-115-107. General Powers of Corporation
§ 24-115-109. Limitation on Power of Corporation to Declare Bankruptcy
§ 24-115-110. Critical Needs Notes - Issuance Schedule - Distribution of Note Proceeds
§ 24-115-111. Critical Needs Fund - Creation - Appropriations to Fund - Repayment of Notes From Fund
§ 24-115-112. Notes Legal Investments
§ 24-115-113. Exemption From Taxation
§ 24-115-114. No Action Maintainable
§ 24-115-117. Construction of Article
§ 24-115-118. Voter Approval Required
§ 24-115-109. Limitation on Power of Corporation to Declare Bankruptcy
§ 24-115-110. Critical Needs Notes - Issuance Schedule - Distribution of Note Proceeds
§ 24-115-111. Critical Needs Fund - Creation - Appropriations to Fund - Repayment of Notes From Fund
§ 24-115-112. Notes Legal Investments
§ 24-115-113. Exemption From Taxation
§ 24-115-114. No Action Maintainable