Colorado § 32-4-542 - Tax exemption.
Full text of Colorado Colorado Revised Statutes § 32-4-542 — Tax exemption., with citation guidance and answers to common questions.
§ 32-4-542. Tax exemption.
(1) The effectuation of the powers authorized in this part 5 shall be in all respects for the benefit of the people of the state, including, but not necessarily limited to, those residing in any district exercising any power under this part 5, for the improvement of their health and living conditions, and for the increase of their commerce and prosperity.
(2) No district exercising any power granted in this part 5 shall be required to pay any general ad valorem taxes upon any property appertaining to any project authorized in this part 5 and acquired within the state, nor the district's interest therein.
(3) Securities issued under this part 5 and the income therefrom shall forever remain free and exempt from taxation by the state, the district, and any other public body, except transfer, inheritance, and estate taxes.
Source: L. 62: p. 223, § 14. C.R.S. 1963: § 89-15-42.
Source: official Colorado text · Last verified 2026-08-27
Frequently Asked Questions About Colorado § 32-4-542
What does Colorado Revised Statutes § 32-4-542 cover?
Section 32-4-542 ("Tax exemption.") 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 § 32-4-542?
A common citation format is "Colorado Revised Statutes § 32-4-542" (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 § 32-4-542 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.