Colorado § 41-3-107 - Legal status of authorities - tax exemption.
Full text of Colorado Colorado Revised Statutes § 41-3-107 — Legal status of authorities - tax exemption., with citation guidance and answers to common questions.
§ 41-3-107. Legal status of authorities - tax exemption.
(1) An authority created pursuant to this article is hereby declared to be a political subdivision of the state, exercising essential governmental powers for a public purpose. The general assembly, therefore, finds:
(a) That no authority or county independently creating an authority is required to pay any general ad valorem taxes upon an airport or any facilities connected therewith located within the state nor upon the interest of the authority therein;
(b) That bonds issued under this article and the income therefrom are free and exempt from taxation by the state, or any political subdivision of the state, with the exception of transfer, inheritance, and estate taxes; and
(c) The tax exemptions specified in this section do not apply to any tenants or users of the airport that an authority operates.
Source: L. 65: p. 174, § 7. C.R.S. 1963: § 5-5-7. L. 2023: Entire section amended, (HB 23-1156), ch. 60, p. 216, § 5, effective August 7.
Cross references: For the taxation of bonds issued by counties pursuant to article 5 of this title, see § 41-5-105.
ANNOTATION
Section constitutional. There is no reason why the property of a political subdivision of the state should not be exempt from taxation under art. X, § 4, Colo. Const., as "property . . . of the state". Denver Beechcraft v. Bd. of Assess. Appeals, 681 P.2d 945 (Colo. 1984).
Source: official Colorado text · Last verified 2026-08-27
Frequently Asked Questions About Colorado § 41-3-107
What does Colorado Revised Statutes § 41-3-107 cover?
Section 41-3-107 ("Legal status of authorities - 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 § 41-3-107?
A common citation format is "Colorado Revised Statutes § 41-3-107" (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 § 41-3-107 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.