Qwest Corp. v. Colorado Division of Property Taxation

{1 We granted certiorari to determine whether the court of appeals erred in holding that Respondent Colorado Division of Property Taxation, Department of Local Affairs, State of Colorado ("DPT") correctly declined to extend the intangible property exemption in section 89-8-118, C.R.S. (2012), and the cost cap valuation method in section 39-1-108(18), C.R.S. (2012), to Petitioner Qwest Corporation's property. We affirm the court of appeals' affirmation of DPT"s interpretation of those provisions and hold that Qwest, as a public utility, is valued centrally in accordance with section 39-4102,…