§ 39-10-107 — Apportionment of taxes, delinquent interest - payment

Colorado § 39-10-107

• Jurisdiction: Colorado
• Title 39: Taxation
• Art.: Collection

Text

(1) (a)
Notwithstanding any other provision of law, all taxes collected by the treasurer
shall be apportioned, credited, and distributed to the county and the several towns,
cities, school districts, and special districts within the county on the tenth day of
each month for all taxes collected during the immediately preceding month; except
that:

(I) If the amount of taxes collected for the month equals less than one
hundred dollars for any town, city, school district, or special district, the treasurer
may elect to distribute the amount on a quarterly basis to the town, city, school
district, or special district; and

(II) If the amount of taxes collected for the month equals less than fifty
dollars for any town, city, school district, or special district, the treasurer may elect
to distribute the amount on an annual basis to the town, city, school district, or
special district.

(b) Any prior years' taxes collected during any given year on oil and gas
leaseholds and lands that had previously been omitted from the assessment roll
due to underreporting of the selling price or the quantity of oil and gas sold
therefrom shall be placed in escrow by the treasurer to be apportioned, credited,
and distributed during January of the subsequent year.

(c) Prior to being apportioned, credited, and distributed, all taxes collected
by the treasurer shall be reduced by an amount equal to the costs incurred by the
treasurer and the assessor; except that such costs shall not include any
contingency fee paid to any person for the audit review and collection of such prior
years' taxes as such contingency fees are prohibited. Prior to being apportioned,
credited, and distributed, all taxes shall be reduced by an amount equal to an
entity's pro rata share of any tax refunds granted subsequent to distribution by the
treasurer if the amount has not otherwise been returned by the entity; except that
this requirement to reduce taxes shall not apply to a city and county. All delinquent
interest shall be apportioned, credited, and distributed in the same manner.

(2) Repealed.

(3) Whenever any school district elects, pursuant to law, to have the moneys
of such district paid over to the district treasurer, the treasurer of any county
wherein such school district is located shall, no later than the tenth day of each
month, pay over to the district treasurer all taxes collected for said school district
during the month immediately preceding; except that, on and after January 1, 1992,
the county treasurer shall make an additional payment to the district treasurer
during the months of March, May, and June, which payment shall consist of all taxes
collected through the twentieth day of the respective month if the county has a
population of at least five thousand persons and which payment shall consist of all
taxes collected through the eighteenth day of the respective month if the county
has a population of less than five thousand persons. Such additional payment shall
be made no later than the twenty-fourth day of said month.

(4) No later than the tenth day of each month, the treasurer shall prepare
and submit to the board of county commissioners and to the proper officer of each
town, city, school district, and special district within his county a statement showing
the amount collected by him for each such entity during the month immediately
preceding from each separate levy imposed for such entity. No later than the tenth
day of January of each year, he shall prepare and submit a similar statement
showing the amount collected during the entire calendar year immediately
preceding from each separate levy imposed for such entity.

Legislative History

Source: L. 64: R&RE, p. 718, � 1. C.R.S. 1963: � 137-10-7. L. 79: (1) amended, p. 1421, � 4, effective January 1, 1980. L. 84: (1) amended, p. 1002, � 3, effective March 16. L. 90: (3) amended, p. 1718, � 5, effective June 7; (1) amended, p. 1704, � 40, effective June 9; (3) amended, p. 1087, � 53, effective July 1. L. 91: (1) amended, p. 1954, � 4, effective January 1, 1992. L. 91, 2nd Ex. Sess.: (3) amended, p. 57, � 2, effective October 11. L. 92: (1) amended, p. 2227, � 11, effective April 9. L. 2008: (1) amended, p. 26, � 1, effective August 5; (1) amended, p. 1248, � 7, effective August 5. L. 2015: IP(1)(a) amended and (2) repealed, (SB 15-264), ch. 259, p. 967, � 88, effective August 5.