Colorado § 11-56-113 - Tax exemption - exceptions.
Full text of Colorado Colorado Revised Statutes § 11-56-113 — Tax exemption - exceptions., with citation guidance and answers to common questions.
§ 11-56-113. Tax exemption - exceptions.
(1) Except as otherwise provided in this article, all general obligation refunding bonds, refunding revenue bonds, and special obligation refunding bonds and the income therefrom shall be exempt from taxation, except inheritance, estate, and transfer taxes.
(2) Bonds issued pursuant to this article for the purpose of refunding outstanding obligations which were neither exempt from such taxation at the time issued or at the time of the refunding nor which would have been exempt from such taxation if originally issued at the time of the refunding, shall be subject to taxation to the same extent and in the same manner as the outstanding obligations for the refunding of which they are issued.
Source: L. 77: Entire article added, p. 592, § 1, effective July 1.
Frequently Asked Questions About Colorado § 11-56-113
What does Colorado Revised Statutes § 11-56-113 cover?
Section 11-56-113 ("Tax exemption - exceptions.") 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 § 11-56-113?
A common citation format is "Colorado Revised Statutes § 11-56-113" (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 § 11-56-113 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.