Colorado Revised Statutes Title 39 — Taxation
C.R.S. § 39-3-102
Household furnishings - exemption
# (1)
Household furnishings, including free-standing household appliances, wall-to-wall carpeting, an independently owned residential solar electric generation facility, and security devices and systems that are not used for the production of income at any time shall be exempt from the levy and collection of property tax. If any household furnishings are used for the production of income for any period of time during the taxable year, such household furnishings shall be taxable for the entire taxable year. An independently owned residential solar electric generation facility shall not be considered to be used for the production of income unless the facility produces income for the owner of the residential real property on which the facility is located. For property tax purposes only, rebates, offsets, credits, and reimbursements specified in section 40-2-124, C.R.S., shall not constitute the production of income. For purposes of this subsection (1), for property tax purposes only, security devices and systems shall include, but shall not be limited to, security doors, security bars, and alarm systems.
# (2)
For property tax years commencing on and after January 1, 1990, no work of art, as defined in section 39-1-102 (18), which is not subject to annual depreciation and which would otherwise be exempt under this section shall cease to be exempt because it is stored or displayed on premises other than a residence. Source: L. 89: Entire article R&RE, p. 1470, § 1, effective April 23; entire section amended, p. 1494, § 1, effective June 8. L. 92: (1) amended, p. 2216, § 4, effective June 2. L. 2010: (1) amended, (HB 10-1267), ch. 425, p. 2199, § 2, effective August 11. Editor's note: This section is similar to former § 39-3-101 (1)(a) as it existed prior to 1989.
Amendment history
L. 89: Entire article R&RE, p. 1470, § 1, effective April 23; entire section amended, p. 1494, § 1, effective June 8. L. 92: (1) amended, p. 2216, § 4, effective June 2. L. 2010: (1) amended, (HB 10-1267), ch. 425, p. 2199, § 2, effective August 11.
Source: view the official text
In this article (40 sections)
- 39-3-101 · Legislative declaration - presumption of charitable purpose
- 39-3-102 · Household furnishings - exemption
- 39-3-103 · Personal effects - exemption
- 39-3-104 · Ditches, canals, and flumes - exemption
- 39-3-105 · Public libraries - governments - school districts - exemption
- 39-3-106 · Property - religious purposes - exemption - legislative…
- 39-3-106.5 · Tax-exempt property - incidental use - exemption -…
- 39-3-107 · Property - not-for-profit schools - exemption
- 39-3-108 · Property - nonresidential - health-care facility - water…
- 39-3-108.5 · Property - community corrections facility - exemption
- 39-3-109 · Residential property - integral part of tax-exempt entities…
- 39-3-110 · Property - integral part of child care center - charitable…
- 39-3-111 · Property - used by fraternal or veterans' organization -…
- 39-3-111.5 · Property - health-care services - charitable purposes -…
- 39-3-112 · Residential property - orphanage - low-income elderly or…
- 39-3-112.5 · Residential property - homeless - charitable purposes -…
- 39-3-113 · Residential property - while being constructed - charitable…
- 39-3-113.5 · Property acquired by nonprofit housing provider for…
- 39-3-114 · Burden - claim for charitable exemption
- 39-3-115 · Statutes not applicable
- 39-3-116 · Combination use of property - charitable, religious, and…
- 39-3-117 · Cemeteries - not-for-profit - exemption
- 39-3-118 · Intangible personal property - exemption
- 39-3-118.5 · Business personal property - exemption - exemption…
- 39-3-118.7 · Community solar garden - partial business personal…
- 39-3-119 · Inventories - materials and supplies - held for consumption…
- 39-3-119.5 · Personal property - exemption - reimbursement to local…
- 39-3-120 · Livestock - exemption
- 39-3-121 · Agricultural and livestock products - exemption
- 39-3-122 · Agricultural equipment used in production of agricultural…
- 39-3-123 · Works of art, literary materials, and artifacts - on loan -…
- 39-3-124 · Property used by state entity - installment sales or lease…
- 39-3-126 · Horticultural improvements - exemption - limitation -…
- 39-3-126.5 · Mobile homes - low-value - exemption - legislative…
- 39-3-127 · County fair property - exemption - limitation
- 39-3-127.5 · Qualifying business entities - participation in federal…
- 39-3-127.7 · Community land trust property - nonprofit affordable…
- 39-3-128 · Exempt property listed and valued
- 39-3-129 · Proportional valuation - exempt property
- 39-3-130 · Change in tax status of property - effective date - tax…