Colorado Revised Statutes

Colo. Rev. Stat. § 41-3-107 (2026)

Legal status of authorities - tax exemption

✓ current as of July 2026

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(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.

Notes of Decisions

Cited in 3 cases, 1984–2001 · leading case: Denver Beechcraft, Inc. v. Bd. of Assessment Appeals, 681 P.2d 945 (Colo. 1984).

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Denver Beechcraft, Inc. v. Bd. of Assessment Appeals, 681 P.2d 945 (Colo. 1984). · cites it 16× “In the course of its analysis, the district court held unconstitutional section 41-3-107, 17 C.R.S. (1973), which exempts airport authorities from property tax.”

City & Cnty. of Denver v. Bd. of Assessment Appeals, 30 P.3d 177 (Colo. 2001). · cites it 3× “Section 41-3-107 provides: (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.”

Telluride Reg'l Airport Auth. v. Bd. of Equalization, 789 P.2d 201 (Colo. Ct. App. 1989). · cites it 3× “Section 41-3-107, C.R.S. (1984 Repl.Vol. 17); Denver Beechcraft, Inc.”

— Colo. Rev. Stat. § 41-3-107(l)(a) — 1 case

Denver Beechcraft, Inc. v. Bd. of Assessment Appeals, 681 P.2d 945 (Colo. 1984). “In the course of its analysis, the district court held unconstitutional section 41-3-107, 17 C.R.S. (1973), which exempts airport authorities from property tax.”

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