Colorado § 39-3-118 - Intangible personal property - exemption.
Full text of Colorado Colorado Revised Statutes § 39-3-118 — Intangible personal property - exemption., with citation guidance and answers to common questions.
§ 39-3-118. Intangible personal property - exemption.
Intangible personal property shall be exempt from the levy and collection of property tax. For purposes of this section, "intangible personal property" shall include, but is not limited to, computer software.
Source: L. 89: Entire article R&RE, p. 1476, § 1, effective April 23. L. 90: Entire section amended, p. 1715, § 2, effective May 2.
Editor's note: This section is similar to former § 39-3-101 (1)(i) as it existed prior to 1989.
Cross references: For the legislative declaration contained in the 1990 act amending this section, see section 1 of chapter 281, Session Laws of Colorado 1990.
ANNOTATION
Exemption does not apply to a public utility, which is assessed under the valuation method established in part 4 of this article. Qwest v. Colo. Div. of Prop. Taxation, 2013 CO 39, 304 P.3d 217.
Source: official Colorado text · Last verified 2026-08-27
Frequently Asked Questions About Colorado § 39-3-118
What does Colorado Revised Statutes § 39-3-118 cover?
Section 39-3-118 ("Intangible personal property - 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 § 39-3-118?
A common citation format is "Colorado Revised Statutes § 39-3-118" (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 § 39-3-118 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.