Colorado Revised Statutes

Colo. Rev. Stat. § 11-30-123 (2026)

Taxation

✓ current as of July 2026

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A credit union shall be deemed an institution for savings and, together with all accumulations therein, shall not be subject to taxation except as to real estate owned. The shares of a credit union shall not be subject to a stock transfer tax when issued by the corporation or when transferred from one member to another.

Source: L. 31: p. 305, § 22. CSA: C. 47, § 22. L. 41: p. 378, § 22. CRS 53: § 38-1-23. C.R.S. 1963: § 38-1-23.

Notes of Decisions

Cited in 3 cases, 1982–1999 · leading case: Colorado Dep't of Revenue v. Woodmen of the World, 919 P.2d 806 (Colo. 1996).

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Colorado Dep't of Revenue v. Woodmen of the World, 919 P.2d 806 (Colo. 1996). · cites it 4× “at 626 (quoting with emphasis § 11-30-123, C.R.S. (1973)). The court of appeals noted that the sales tax act (1) was enacted after section 11-30-123, (2) provided for a tax “[o]n the purchase price paid or charged upon all sales and purchases of tangible personal property at…”

Sw. Catholic Credit Union v. Charnes, 665 P.2d 626 (Colo. Ct. App. 1982). · cites it 7× “The sole issue raised on appeal is whether the district court erred in holding that § 11-30-123, C.R.S.1973, exempts credit unions from paying sales taxes.”

Dep't of Revenue v. Durango & Silverton Narrow Gauge R.R., 989 P.2d 208 (Colo. Ct. App. 1999). · cites it 2× “Chames, supra, the division construed § 11-30-123, C.R.S.1998, originally enacted in 1931, which grants to credit unions a blanket exemption from “taxation except as to real estate owned.”

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