Colorado § 39-3-112.5 - Residential property - homeless - charitable purposes - exempt - limitations.
Full text of Colorado Colorado Revised Statutes § 39-3-112.5 — Residential property - homeless - charitable purposes - exempt - limitations., with citation guidance and answers to common questions.
§ 39-3-112.5. Residential property - homeless - charitable purposes - exempt - limitations.
(1) Property, real and personal, which is used solely and exclusively for strictly charitable purposes and not for private gain or corporate profit shall be exempt from the levy and collection of property tax if such property is residential, is owned by the United States, and is leased by a department or agency of the United States to any nonprofit organization, whether organized under the laws of this state or of another state, for the purpose of housing single individuals or families, or both, who are homeless.
(2) Any exemption shall be allowed pursuant to subsection (1) of this section only upon the delivery to the administrator of a copy of such lease between the agency of the United States and the nonprofit organization and a copy of the rental agreement between the nonprofit organization and the individuals or families to be housed in such property. Such exemption shall be allowed only for the period of time that such residential property is actually used for said purpose, and such nonprofit organization shall immediately notify the administrator when the use of such residential property has changed.
(3) Any exemption claimed pursuant to the provisions of this section shall comply with the provisions of section 39-2-117.
Source: L. 91: Entire section added, p. 1959, § 6, effective June 7.
Source: official Colorado text · Last verified 2026-08-27
Frequently Asked Questions About Colorado § 39-3-112.5
What does Colorado Revised Statutes § 39-3-112.5 cover?
Section 39-3-112.5 ("Residential property - homeless - charitable purposes - exempt - limitations.") is part of the Colorado Revised Statutes, the codified statutory law of Colorado. It sets out the legal rule or procedure described in the text above. Statutes are amended regularly, so always verify against the official source.
How do I cite Colorado § 39-3-112.5?
A common citation format is "Colorado Revised Statutes § 39-3-112.5" (Colorado). Legal writing may require the code abbreviation, section number, and year or edition. Match the style required by your court, professor, or publisher.
Is this the official text of Colorado law?
No. This page is for research and education and may not include the most recent amendments. For official current law, check the Colorado official source linked on this page or consult a licensed Colorado attorney.
How does Colorado § 39-3-112.5 apply to my situation?
Statutes are interpreted in context, and application depends on your specific facts. Only a licensed attorney in Colorado can advise on how this section applies to you. Contact your state or local bar association for a referral.
Sources & Verification
Not legal advice. Verify against the official source and consult a licensed attorney in Colorado.