Colorado § 39-22-5702 - Definitions.
Full text of Colorado Colorado Revised Statutes § 39-22-5702 — Definitions., with citation guidance and answers to common questions.
§ 39-22-5702. Definitions.
As used in this part 57, unless the context otherwise requires:
(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.
(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.
(3) "Authority" means the Colorado housing and finance authority created in section 29-4-704.
(4) "Compliance period" means the period of fifteen years beginning with the first income tax year of a credit period.
(5) "Credit" means the Colorado affordable housing in transit and housing investment zones tax credit allowed pursuant to this part 57.
(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.
(7) "Department" means the department of revenue.
(8) "Federal tax credit" means the federal low-income housing tax credit provided by section 42 of the internal revenue code.
(9) "Qualified basis" means the qualified basis of the development as determined pursuant to section 42 of the internal revenue code.
(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.
(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.
(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.
(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).
Source: L. 2026: Entire part added, (HB 26-1065), ch. 157, p. 924, § 10, effective May 27.
Frequently Asked Questions About Colorado § 39-22-5702
What does Colorado Revised Statutes § 39-22-5702 cover?
Section 39-22-5702 ("Definitions.") 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 § 39-22-5702?
A common citation format is "Colorado Revised Statutes § 39-22-5702" (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 § 39-22-5702 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
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