Colorado § 24-36-402 Definitions

Colorado Statutes

§ 24-36-402 — Definitions

Colorado § 24-36-402

Title 24Government

Art.Department of the Treasury

This text of Colorado § 24-36-402 (Definitions) is published on Counsel Stack Legal Research, covering Colorado primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.

Bluebook

Colo. Rev. Stat. § 24-36-402 (2026).

Text

As used in this part 4, unless the context otherwise requires:

(1)Department means the department of the treasury.

(2)Division of insurance means the division of insurance in the department of regulatory agencies created in section 10-1-103.

(3)Premium tax liability means the liability imposed by section 10-3-209 or 10-6-128, or, in the case of a repeal or reduction by the state of the liability imposed by section 10-3-209 or 10-6-128, any other tax liability imposed upon an insurance company by the state.

(4)Qualified taxpayer means an insurance company authorized to do business in Colorado that has premium tax liability owing to the state and that purchases a tax credit under this part 4. Qualified taxpayer also includes an insurance company that receives or assumes a tax

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As used in this part 4, unless the context otherwise
requires:

(1) Department means the department of the treasury.

(2) Division of insurance means the division of insurance in the department
of regulatory agencies created in section 10-1-103.

(3) Premium tax liability means the liability imposed by section 10-3-209 or
10-6-128, or, in the case of a repeal or reduction by the state of the liability imposed
by section 10-3-209 or 10-6-128, any other tax liability imposed upon an insurance
company by the state.

(4) Qualified taxpayer means an insurance company authorized to do
business in Colorado that has premium tax liability owing to the state and that
purchases a tax credit under this part 4. Qualified taxpayer also includes an
insurance company that receives or assumes a tax credit transferred in accordance
with section 24-36-403 (7)(e) or 24-36-404 (5).

(5) Tax credit means the tax credit created in section 24-36-403.

(6) Tax credit sale proceeds or sale proceeds means the money or other
liquid asset acceptable to the state treasurer that a qualified taxpayer pays to the
department that is deposited as specified in section 24-36-406.

Legislative History

Source: L. 2025, 1st Ex. Sess.: Entire part added, (HB 25B-1004), ch. 8, p. 26, � 1, effective August 28; (6) amended, (HB 25B-1006), ch. 10, p. 48, � 7, effective August 29.