C.R.S. § 39-30-107.5 — Taxable property valuations - sales taxes - incentives - definitions

(1) (a) Notwithstanding any law to the contrary, any special district, county, municipality, or city and county within an enterprise zone may negotiate with any taxpayer who qualifies for a credit pursuant to section 39-30-105.1 for an incentive payment or credit equal to not more than the amount of the taxes levied upon the taxable property of the taxpayer; but in no instance shall any such negotiation result in such an incentive payment or credit which is greater than the difference between the current property tax liability and the tax liability for the same property for the year preceding the year in which the enterprise zone was approved. (b) A special district shall not enter into an agreement pursuant to the provisions of this subsection (1) unless, prior to or simultaneous with the execution of the agreement, the taxpayer also enters into an agreement with a municipality or county pursuant to this section. (2) Notwithstanding any law to the contrary, any county, municipality, or city and county within an enterprise zone may negotiate with any taxpayer who qualifies for a credit pursuant to section 39-30-105.1 a refund of the sales taxes levied by such county, municipality, or city and county for the purchase of equipment, machinery, machine tools, or supplies used in the taxpayer's business in the enterprise zone. (3) As used in this section, unless the context otherwise requires: (a) and (b) Repealed. (c) Special district means a special district as defined in section 32-1-103 (20), C.R.S. Source: L. 87: Entire section added, p. 1472, § 4, effective May 28. L. 92: Entire section amended, p. 2220, § 4, effective May 29. L. 94: (1) amended, p. 2834, § 5, effective January 1, 1995. L. 95: Entire section amended, p. 1213, § 2, effective May 31. L. 2005: (1) amended and (3)(c) added, pp. 107, 108, §§ 2, 3, effective August 8. L. 2007: IP(3), (3)(a), and (3)(b) amended, p. 352, § 10, effective August 3. L. 2014: (1)(a) and (2) amended and (3)(a) and (3)(b) repealed, (HB 14-1363), ch. 302, p. 1275, § 44, effective May 31. L. 2020: (1)(a) and (2) amended, (HB 20-1166), ch. 103, p. 398, § 8, effective April 1.