Colorado Statutes

§ 39-22-658 — Material advisor - penalties

Colorado § 39-22-658
JurisdictionColorado
Title 39Taxation
Art.Income Tax

This text of Colorado § 39-22-658 (Material advisor - penalties) 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. § 39-22-658 (2026).

Text

(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 accordance with section 39-22-656 (1)(a) provides false or incomplete information to the department, then an additional penalty shall be imposed of up to twenty thousand dollars.
(3)If a material advisor that is required to maintain a list under section 39-22-657 (1) fails to make that list available to the department within a twenty-day period after the day on which the department mails a written request for that list, the material advisor shall be subject to a penalty of ten thousand dollars for each day tha

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Legislative History

Source: L. 2009: Entire section added, (HB 09-1093), ch. 75, p. 275, � 4, effective April 2.

Nearby Sections

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Bluebook (online)
Colorado § 39-22-658, Counsel Stack Legal Research, https://law.counselstack.com/statute/co/39/39-22-658.