{"data":{"id":"us-co/c.r.s.-39-22-5702","jurisdiction":"us-co","citation":"C.R.S. § 39-22-5702","heading":"Definitions.","body":"As used in this part 57, unless the context otherwise requires:\n\n(1) \"Allocation certificate\" means a statement issued by the authority certifying that a given development qualifies for the credit and specifying the amount of the credit allowed.\n\n(2) \"Allocation plan\" means an allocation plan adopted by the authority that governs the selection criteria and preferences for allocating the tax credit allowed pursuant to this part 57.\n\n(3) \"Authority\" means the Colorado housing and finance authority created in section 29-4-704.\n\n(4) \"Compliance period\" means the period of fifteen years beginning with the first income tax year of a credit period.\n\n(5) \"Credit\" means the Colorado affordable housing in transit and housing investment zones tax credit allowed pursuant to this part 57.\n\n(6) \"Credit period\" means the period of six income tax years beginning with the income tax year in which a qualified development is placed in service. If a qualified development is comprised of more than one building, the development is deemed to be placed in service in the income tax year during which the last building of the qualified development is placed in service.\n\n(7) \"Department\" means the department of revenue.\n\n(8) \"Federal tax credit\" means the federal low-income housing tax credit provided by section 42 of the internal revenue code.\n\n(9) \"Qualified basis\" means the qualified basis of the development as determined pursuant to section 42 of the internal revenue code.\n\n(10) \"Qualified development\" means a housing development that is located in a transit and housing investment zone within the state and is determined by the authority to meet the criteria established in the allocation plan, including providing the required number of affordable housing units.\n\n(11) \"Qualified taxpayer\" means an individual, a person, a firm, a corporation, or any other entity that owns an interest, direct or indirect, in a qualified development and is subject to the taxes imposed by this article 22.\n\n(12) \"Transit and housing investment zone\" means the area designated by the Colorado office of economic development in the transit and housing investment zone map pursuant to section 24-48.5-136.\n\n(13) \"Transferee\" means a taxpayer subject to the taxes imposed by this article 22 that acquires credits from a governmental or quasi-governmental entity pursuant to section 39-22-5703 (5).","path":["Title 39 - Taxation","Article 22 - Income Tax","Part 57 - COLORADO AFFORDABLE HOUSING IN TRANSIT AND HOUSING INVESTMENT ZONES TAX CREDIT"],"source_url":"https://olls.info/crs/crs2026-title-39.htm","current_through":"Colorado Revised Statutes 2026","vintage":"","retrieved_at":"2026-09-14T18:37:45Z","sha256":"1c5e2991a6f81170250ac25d3b9bc0e30df6266c6f2865c12a43317b01eeed1f","source_id":"us-co","stale":false,"prev":"us-co/c.r.s.-39-22-5701","next":"us-co/c.r.s.-39-22-5703"},"notice":"GroundRules: Original legal text. Not legal advice."}