§ 39-21-111 — Jeopardy assessment and demands

Colorado § 39-21-111

• Jurisdiction: Colorado
• Title 39: Taxation
• Art.: Procedure and Administration

Text

(1) If the executive director
of the department of revenue finds that collection of the tax will be jeopardized by
delay, in his discretion, he may declare the taxable period immediately terminated,
determine the tax, and issue notice and demand for payment thereof; and, having
done so, the tax shall be due and payable forthwith, and the executive director may
proceed immediately to collect such tax as provided in section 39-21-114.

(2) In any other case wherein it appears that the revenue is in jeopardy, the
executive director of the department of revenue may immediately issue demand for
payment; and, regardless of the provisions of sections 39-21-103 and 39-21-105, the
tax shall be due and payable forthwith and, in his discretion, the executive director
may proceed immediately to collect said tax as provided in section 39-21-114.

(3) Collection under either subsection (1) or (2) of this section may be stayed
if the taxpayer gives such security for payment as shall be satisfactory to the
executive director.

Legislative History

Source: L. 65: p. 1140, � 2. C.R.S. 1963: � 138-9-10.