1 Colo. Code Regs. § 205-2, Regulation 44-20-402(12)
Current through Register Vol. 47, No. 22, November 25, 2024
Profit or gain of money or other thing of value means:
Profit may be defined as the difference between the price paid and the market value of the vehicle after deduction of the expenses incurred in the sale thereof.
Gain of money or other thing of value includes but is not limited to any increase or addition to what one has of that which is of profit, advantage or benefit.
A profit or gain does not necessarily mean a direct return; and therefore, a saving of expense which would otherwise be incurred is also a profit or gain to the person benefitted.
1 CCR 205-2, Regulation 44-20-402(12)