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Colorado Revised Statutes Title 39. Taxation § 39-3-111.5. Property--health-care services--charitable purposes--exemption--limitations

Current as of January 01, 2025 | Updated by Findlaw Staff

(1) Property, real and personal, which is owned and used solely and exclusively for strictly charitable purposes and not for private gain or corporate profit shall be exempt from the levy and collection of property tax if:

(a) Such property is owned by a nonprofit corporation, whether organized under the laws of this state or of another state;

(b) Such property is occupied or used by one or more physician or dentist, or both, licensed to practice medicine or dentistry, as applicable, under the laws of this state for the purpose of the practice of medicine or dentistry;

(c) Such health-care services are provided to patients who request such services and the financially needy are only charged for such services based upon the ability to pay; and

(d) The board of county commissioners of the county in which such property is located certifies that a need exists for the provision of such health-care services.

(2) The limitations set forth in section 39-3-116(1) and (2) shall not apply to the use of property pursuant to the provisions of subsection (1) of this section.

(3) Any exemption claimed pursuant to the provisions of this section shall comply with the provisions of section 39-2-117.

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Cite this article: FindLaw.com - Colorado Revised Statutes Title 39. Taxation § 39-3-111.5. Property--health-care services--charitable purposes--exemption--limitations - last updated January 01, 2025 | https://codes.findlaw.com/co/title-39-taxation/co-rev-st-sect-39-3-111-5/

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