§ 39-23.5-111 — Amended returns - final determination

Colorado § 39-23.5-111

• Jurisdiction: Colorado
• Title 39: Taxation
• Art.: Colorado Estate Tax

Text

(1) If the person
required to file files an amended federal return, he shall immediately file with the
department an amended Colorado return and a true copy of the amended federal
return. If the person required to file is required to pay an additional tax under this
article pursuant to such amended return, he shall pay such additional tax, together
with interest as provided in section 39-23.5-109, at the same time he files the
amended return, subject, however, to any extension or installment election under
section 39-23.5-108.

(2) Upon final determination or redetermination of the federal tax due in
respect of any gross estate or generation-skipping transfer, the person required to
file shall, within sixty days after such determination or redetermination, give written
notice of it to the department, in such form as may be prescribed by regulation. If
any additional tax is due under this article by reason of such determination or
redetermination, the person required to file shall pay the same, together with
interest as provided in section 39-23.5-109, at the same time he files such notice,
subject, however, to any extension or installment election under section 39-23.5-108.

Legislative History

Source: L. 79: Entire article added, p. 1434, � 16, effective July 3. L. 83: Entire section amended, p. 1536, � 9, effective July 1.