Colorado Revised Statutes Title 39. Taxation § 39-22-5502. Definitions

(1) “Allocation certificate” means a statement issued by the authority certifying that a given development qualifies for the credit and specifying the amount of the credit allowed.

(2) “Allocation plan” means an allocation plan adopted by the authority that governs the selection criteria and preferences for allocating the tax credit allowed pursuant to this part 55.

(3) “Authority” means the Colorado housing and finance authority created pursuant to section 29-4-704.

(4) “Certified transit-oriented community” means:

(5) “Compliance period” means the period of fifteen years beginning with the first taxable year of a credit period.

(6) “Credit” means the Colorado transit-oriented community housing income tax credit allowed pursuant to this part 55.

(7) “Credit period” means the period of five income tax years beginning with the income tax year in which a qualified development is placed in service. If a qualified development is comprised of more than one building, the development is deemed to be placed in service in the income tax year during which the last building of the qualified development is placed in service.

(8) “Department” means the department of revenue.

(9) “Division” means the division of local government of the department of local affairs created in section 24-32-103.

(10) “Federal tax credit” means the federal low-income housing tax credit provided by section 42 of the internal revenue code.

(11) “Metropolitan planning organization” has the same meaning as set forth in section 29-35-103(12).

(12) “Neighborhood center” has the same meaning as set forth in section 29-35-202(5).

(13) “Qualified basis” means the qualified basis of the development as determined pursuant to section 42 of the internal revenue code.

(14) “Qualified development” means a “qualified low-income housing project”, as that term is defined in section 42 of the internal revenue code, that is:

(15) “Qualified taxpayer” means an individual, a person, a firm, a corporation, or an other entity that owns an interest, direct or indirect, in a qualified development and is subject to the taxes imposed by this article 22.

(16) “Transit center” has the same meaning as set forth in section 29-35-202(11).