Title 39, Taxation

(1) All returns required by this article shall be made as nearly as practicable in the same form as the corresponding form of income tax return required by the United States. (2) (a) Except as provided in subsection (2)(b) of this section, all returns required by section 39-22-60…

(1) All taxes imposed under the provisions of this article shall be paid on the fifteenth day of the fourth month following the close of the taxable year; but the executive director may grant any taxpayer, upon application therefor, an extension of time for the payment of the tax…

(1) The period of time commencing with the declaration of war by congress and ending twelve months after the termination of any such declared war during which an individual is a member of the armed forces of the United States, shall be disregarded in determining, under the provis…

Notwithstanding any other provisions of law, all intangible personal property, whether or not owned by a resident of Colorado, and whether or not such property or evidence thereof is situated or held or has its legal situs within the state, shall be exempt from ad valorem tax imp…

(1) If any tax due under this article is not paid when due, by reason of extension granted, or otherwise, interest shall be added thereto at the rate imposed under section 39-21-110.5 from the due date thereof, in addition to any penalties which may be imposed by other provisions…

(1) A reserve, in an amount to be determined periodically by the controller, shall be set aside and maintained by the state treasurer from taxes collected under this article and held by the state treasurer for the prompt payment of all refunds. (2) (a) The department of revenue s…

(1) The proceeds of all money collected under this article 22, less the reserve retained for refunds, shall be credited as follows: (a) (I) Repealed. (II) (A) Effective July 1, 1987, an amount equal to twenty-seven percent of the gross state cigarette tax shall be apportioned to …

Nothing in this article shall be construed to affect any right, duty, or liability arising under statutes in effect immediately prior to January 1, 1965, but the same shall be continued and concluded under such prior statutes. Nothing in this article shall revive or reinstate any…

This article shall apply only with respect to taxable years beginning after December 31, 1964, and became effective on January 1, 1965. Source: L. 64: R&RE, p. 810, § 1. C.R.S. 1963: § 138-1-97.

For purposes of determining the applicability of any addition to, modification of, or deletion from this article, an income tax year which varies from a fifty-two to a fifty-three week period shall be deemed to have commenced on the first day of the calendar month beginning neare…

(1) (a) (I) Subject to the provisions of this section, if, for any state fiscal year commencing on or after July 1, 2024, but before July 1, 2034, the amount of state revenues in excess of the limitation on state fiscal year spending imposed by section 20 (7)(a) of article X of t…

(1) In addition to the rationale for creation of the college savings program set forth in section 23-3.1-301, C.R.S., the general assembly hereby finds, determines, and declares that it is in the best interest of Colorado citizens to provide them the option of making direct depos…

(1) As used in this section, unless the context otherwise requires: (a) "Applicable credit" means: (I) For income tax years commencing before January 1, 2027, the credits allowed in sections 39-22-516.7, 39-22-516.8, and 39-22-555; and (II) For income tax years commencing on or a…

(1) For income tax years commencing on or after January 1, 2024, a taxpayer may claim a credit for making a contribution to a qualified intermediary to the same extent that the taxpayer could claim a credit for making the contribution directly to a recipient organization so long …

This subpart 2 shall be comprised of sections 39-22-651 to 39-22-659 and may be cited as subpart 2. This subpart 2 shall be known and may be cited as the "Colorado Reportable Transactions Act". Source: L. 2009: Entire section added, (HB 09-1093), ch. 75, p. 271, § 4, effective Ap…

For purposes of this subpart 2, unless the context otherwise requires: (1) "Colorado combined group" means a group of affiliated C corporations required or allowed to file a combined report pursuant to section 39-22-303. (2) "Department" means the department of revenue. (3) "Inco…

(1) A taxpayer shall be subject to the provisions of this section for each taxable year in which the taxpayer participates in a reportable or listed transaction. (2) A taxpayer subject to the provisions of this section shall disclose any reportable or listed transaction to the de…

(1) The department shall submit a report to the finance committees of the senate and house of representatives, or any successor committees, by January 31, 2010, and on or before every January 31 thereafter, its recommendation for the inclusion of any additional listed transaction…

(1) (a) Except as provided in paragraph (b) of this subsection (1), a taxpayer that fails to disclose a reportable transaction as required by section 39-22-653 shall be subject to a penalty of up to fifteen thousand dollars. (b) A taxpayer that fails to disclose a listed transact…

(1) (a) A material advisor shall disclose any reportable or listed transaction to the department on a form provided by the department within six months of each transaction. (b) The disclosure described in paragraph (a) of this subsection (1) shall include information identifying …

(1) For each reportable or listed transaction, a material advisor shall maintain a list of the persons to which the material advisor provides material aid, assistance, or advice with respect to organizing, managing, promoting, selling, implementing, insuring, or carrying out a re…

(1) The penalty for the failure of a material advisor to disclose a reportable or listed transaction as required by section 39-22-656 (1)(a) shall be up to twenty thousand dollars. (2) If a material advisor that is required to disclose a reportable or listed transaction in accord…

Upon making a record of its actions, and upon reasonable cause shown, the department may waive, reduce, or compromise a penalty imposed by this subpart 2. Source: L. 2009: Entire section added, (HB 09-1093), ch. 75, p. 275, § 4, effective April 2.

(1) (a) The general assembly hereby declares that wildlife species that are endangered, threatened with extinction, or not commonly pursued, killed, or consumed either for sport or profit, referred to in this part 7 as "nongame and endangered wildlife", have need of special prote…

For income tax years commencing on or after January 1, 2017, the executive director shall ensure that each Colorado state individual income tax return form contains a line whereby each individual taxpayer may designate the amount of the contribution, if any, the individual wishes…

(1) The department of revenue shall determine annually the total amount of voluntary contributions designated pursuant to section 39-22-702 and shall report the amount to the state treasurer, who shall credit that amount to the Colorado nongame conservation and wildlife restorati…

This part 7 is repealed, effective January 1 of the income tax year following the year in which the executive director files written certification with the revisor of statues that the Colorado nongame conservation and wildlife restoration voluntary contribution will no longer app…

For income tax years commencing on or after January 1, 2010, the Colorado state individual income tax return form must contain a line whereby each individual taxpayer may designate the amount of the contribution, if any, the taxpayer wishes to make to the Colorado domestic abuse …

(1) The department of revenue shall determine annually the total amount designated pursuant to section 39-22-801 and shall report such amount to the state treasurer. The state treasurer shall credit such amount to the Colorado domestic abuse program fund, a cash fund hereby estab…

This part 8 is repealed, effective January 1 of the income tax year following the year in which the executive director files written certification with the revisor of statutes that the Colorado domestic abuse program fund voluntary contribution will no longer appear on the indivi…

This article shall be known and may be cited as the "Uniform Act on Interstate Compromise and Arbitration of Inheritance Taxes". Source: L. 53: p. 355, § 1. CRS 53: § 138-8-1. C.R.S. 1963: § 138-7-1.

As used in this article 24, unless the context otherwise requires: (1) "Board" means a board of arbitrators formed pursuant to section 39-24-105. (2) "State" means any state, territory, or possession of the United States and the District of Columbia. Source: L. 53: p. 355, § 2. C…

This article shall be so interpreted and construed as to effectuate its general purpose to make uniform the law of those states which enact it. Source: L. 53: p. 355, § 3. CRS 53: § 138-8-3. C.R.S. 1963: § 138-7-3.

(1) When the executive director of the department of revenue claims that a decedent was domiciled in this state at the time of his death and the taxing authorities of another state make a like claim on behalf of their state, the said executive director may make a written agreemen…

When the executive director of the department of revenue claims that a decedent was domiciled in this state at the time of his death and the taxing authorities of another state make a like claim on behalf of their state, the said executive director may make a written agreement wi…

The board shall hold hearings at such times and places as it may determine upon reasonable notice to the parties to the agreement, all of whom shall be entitled to be heard, to present evidence, and to examine and cross-examine witnesses. Source: L. 53: p. 356, § 6. CRS 53: § 138…

The board has power to administer oaths, take testimony, subpoena and require the attendance of witnesses and the production of books, papers, and documents, and issue commissions to take testimony. Subpoenas may be signed by any member of the board. In case of failure to obey a …

The board, by majority vote, shall determine the domicile of the decedent at the time of his death. This determination shall be final for purposes of imposing and collecting inheritance taxes but for no other purpose. Source: L. 53: p. 357, § 8. CRS 53: § 138-8-8. C.R.S. 1963: § …

Except as provided in section 39-24-107 in respect to the issuance of subpoenas, all questions arising in the course of the proceedings shall be determined by a majority vote of the board. Source: L. 53: p. 357, § 9. CRS 53: § 138-8-9. C.R.S. 1963: § 138-7-9.

The executive director of the department of revenue, the board, or the executor or administrator of such decedent shall file the determination of the board as to domicile, the record of the board's proceedings, and the agreement or a duplicate made pursuant to section 39-24-105, …

If it is determined by the board that the decedent died domiciled in this state, interest or penalties, if otherwise imposed by law for nonpayment of inheritance taxes between the date of the agreement and of filing of the determination of the board as to domicile, shall not exce…

Nothing in this article shall prevent at any time a written compromise, if otherwise lawful, by all parties to the agreement made pursuant to section 39-24-104, fixing the amounts to be accepted by this and any other state involved in full satisfaction of inheritance taxes. Sourc…

The compensation and expenses of the members of the board and its employees may be agreed upon among such members and the executor or administrator and, if they cannot agree, shall be fixed by any court having jurisdiction over probate matters of the state determined by the board…

The provisions of this article relative to arbitration shall apply only to cases in which and so far as each of the states involved has a law identical or substantially similar to this article. Source: L. 53: p. 358, § 14. CRS 53: § 138-8-14. C.R.S. 1963: § 138-7-14. Gift Tax

This article shall be known and may be cited as the "Emergency Retail Sales Tax Act of 1935". Source: L. 35: p. 1000, § 1. CSA: C. 144, § 1. L. 37: p. 1075, § 1. CRS 53: § 138-6-1. C.R.S. 1963: § 138-5-1. ANNOTATION Law reviews. For article, "Colorado Sales and Use Tax Consequenc…

As used in this article 26, unless the context otherwise requires: (1) "Agricultural commodity" means any agricultural commodity as defined in section 35-28-104 (1), C.R.S.; except that, for purposes of this article, "agricultural commodity" shall also include sugar beets, timber…