1 Colo. Code Regs. § 205-1, Regulation 44-20-102(18)
Current through Register Vol. 47, No. 16, August 25, 2024
"Profit" may be "gain, benefit or advantage," but "gain, benefit or advantage" does not necessarily mean only "profit."
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 benefited.
1 CCR 205-1, Regulation 44-20-102(18)