The income or other revenues of the district, any property owned by the district, any bonds issued by the district, and the transfer of and any income from any bonds issued by the district shall be exempt from all taxation and assessments by the state. In the resolution authorizing the bonds, the district may waive the exemption from federal income taxation for any interest on the bonds.
Source: L. 99: Entire section added, p. 513, § 10, effective April 30.
Structure Colorado Code
Title 30 - Government - County
Article 20 - Public Improvements
Part 5 - County Public Improvement District Act
§ 30-20-502. Legislative Declaration
§ 30-20-504. Authority of Governing Body
§ 30-20-505. Organization Petition - Contents
§ 30-20-506. Bond of Petitioners
§ 30-20-507. Notice of Hearing
§ 30-20-508. Hearing - Dismissal - Findings - Declaration - When Action Barred
§ 30-20-509. Recording of Resolution
§ 30-20-510. Governing Body Constitutes Board - Duties
§ 30-20-512. General Powers of District
§ 30-20-512.5. Local Improvement Districts - Authority to Establish
§ 30-20-513. Determination of Special Benefits - Factors Considered
§ 30-20-514. Power to Levy Taxes
§ 30-20-515. Determining and Fixing Rate of Levy
§ 30-20-516. Levies to Cover Deficiencies
§ 30-20-517. County Officers to Levy and Collect Taxes - Liens
§ 30-20-518. Property Sold for Taxes
§ 30-20-520. Inclusion or Exclusion - Petition - Notice - Hearing - Order
§ 30-20-521. Liability of Property
§ 30-20-522. Board Can Issue Bonds - Form - Legislative Declaration
§ 30-20-528. Correction of Faulty Notices
§ 30-20-530. County Jurisdiction Unimpaired
§ 30-20-531. Method Not Exclusive
§ 30-20-532. Confirmation of Board Actions and Powers