{"data":{"id":"us-co/c.r.s.-39-3-127.5","jurisdiction":"us-co","citation":"C.R.S. § 39-3-127.5","heading":"Qualifying business entities - participation in federal tax credit transactions - exemption - requirements - definitions.","body":"(1) As used in this section, unless the context otherwise requires:\n\n(a) \"Qualified business entity\" means a limited partnership or a limited liability company:\n\n(I) That is formed for the purpose of obtaining federal tax credits and that does obtain such credits; and\n\n(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.\n\n(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:\n\n(a) The property tax is owed by a qualified business entity; and\n\n(b) The property is used for the purposes described in sections 39-3-106 to 39-3-113.5 and 39-3-116.\n\n(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.","path":["Title 39 - Taxation","Article 3 - Exemptions","Part 1 - PROPERTY EXEMPT FROM TAXATION"],"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":"865084398484b7cbeaf4b9765cbc23c49ac96e857389abc6511bfc1636e2cd17","source_id":"us-co","stale":false,"prev":"us-co/c.r.s.-39-3-127","next":"us-co/c.r.s.-39-3-127.7"},"notice":"GroundRules: Original legal text. Not legal advice."}