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.
Source: L. 81: Entire article added, p. 1841, § 1, effective May 28.
Structure Colorado Code
Article 1.5 - Prepayment of Ad Valorem Taxes
§ 39-1.5-101. Legislative Declaration
§ 39-1.5-104. Prepayment - Amounts - Credits - Limitations
§ 39-1.5-105. Prepaid Taxes Subject to Laws Governing Financial Affairs
§ 39-1.5-106. Relationship Between Prepaid Taxes and the Limitation on Local Government Levies
§ 39-1.5-107. Prepayment Arrangement Not a General Obligation Indebtedness