Title 39, Taxation
0 chapters · 682 sections in this title.
Colo. Rev. Stat. § 39-29-101 Legislative declaration
1.2K chars
(1) The general assembly hereby finds and declares that, when nonrenewable natural resources are removed from the earth, the value of such resources to the state of Colorado is irretrievably lost. Therefore, it is the intent of the general assembly to recapture a portion of this …
Colo. Rev. Stat. § 39-29-102 Definitions
5.1K chars
As used in this article 29, unless the context otherwise requires: (1) Coal means coal which has been processed into the form in which it is sold or otherwise used. Such processing includes, but is not limited to, cleaning and washing. (1.5) Commercial production, for a commercia…
Colo. Rev. Stat. § 39-29-103 Tax on severance of metallic minerals
1.7K chars
(1) In addition to any other tax, there shall be levied, collected, and paid for each taxable year a tax upon the severance from the earth in this state of all metallic minerals as to all such severance occurring on and after January 1, 1978. Such tax shall be levied against ever…
Colo. Rev. Stat. § 39-29-104 Tax on severance of molybdenum ore
1.4K chars
(1) In addition to any other tax, there shall be levied, collected, and paid for each calendar quarter a tax upon the severance of all molybdenum ore in this state. Such tax shall be levied against every person engaged in the severance of molybdenum ore. The rate of the tax for e…
Colo. Rev. Stat. § 39-29-105 Tax on severance of oil and gas
7.1K chars
(1) (a) In addition to any other tax, there shall be levied, collected, and paid for each taxable year commencing prior to January 1, 2000, a tax upon the gross income of crude oil, natural gas, carbon dioxide, and oil and gas severed from the earth in this state; except that oil…
Colo. Rev. Stat. § 39-29-106 Tax on the severance of coal
3.8K chars
(1) In addition to any other tax, there shall be levied, collected, and paid for each taxable year a tax upon the severance of all coal in this state. Such tax shall be levied against every person engaged in the severance of coal. Subject to the exemption and credits authorized i…
Colo. Rev. Stat. § 39-29-107 Tax on severance of oil shale - repeal
2.9K chars
(1) (a) (I) Prior to January 1, 2024, in addition to any other tax, there shall be levied, collected, and paid for each taxable year a tax upon the severance of oil shale as to all such severance occurring on and after January 1, 1978. Such tax shall be levied against every perso…
Colo. Rev. Stat. § 39-29-107.8 Refunds
2.4K chars
(1) Prior to the allocation in section 39-29-108, the state treasurer shall set aside and maintain all revenue from the tax imposed pursuant to this article in a reserve that is available for the payment of refunds related to the tax in accordance with section 39-21-108. At the e…
Colo. Rev. Stat. § 39-29-108 Allocation of severance tax revenues - definitions - repeal
74.4K chars
(1) Except as provided in subsection (3) of this section, the total gross receipts realized from the severance taxes imposed on minerals and mineral fuels under the provisions of this article shall be credited as follows: (a) For oil and gas, one hundred percent to the state gene…
Colo. Rev. Stat. § 39-29-111 Withholding of income from oil and gas interest - definition
2.8K chars
(1) (a) Every producer or purchaser who disburses funds that are owed to any person owning a working interest, a royalty interest, a production payment, or any other interest in any oil or gas produced in Colorado shall, unless such production is exempt under section 39-29-105 (1…
Colo. Rev. Stat. § 39-29-112 Procedures and reports - definitions - repeal
6.2K chars
(1) Except as set forth in subsections (6) and (7) of this section, every person subject to taxation under the provisions of this article shall make an annual return to the department of revenue, separate and apart from other returns required to be made under the provisions of ar…
Colo. Rev. Stat. § 39-29-113 Exemption prohibited - when
2.6K chars
(1) If any person likely to be liable for taxes imposed pursuant to the provisions of this article transfers all or part of his property to another person controlled, directly or indirectly, by the transferor before or after the transfer, the executive director may disallow to th…
Colo. Rev. Stat. § 39-29-115 Penalties and interest
8.7K chars
(1) Any person who fails to file a report or to pay the tax due thereon shall pay a penalty of thirty percent of the tax assessed or thirty dollars, whichever is greater, and the interest due under the provisions of section 39-21-110.5. (1.5) Any person who fails to withhold inco…