§ 39-23.5-116 — Deposit of moneys collected - legislative finding

Colorado § 39-23.5-116

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

Text

(1) In order
to provide revenue for the old age pension fund created and established by article
XXIV of the state constitution in an amount at least equal to that presently provided
by the inheritance tax laws of this state, which laws shall not apply to estates of
decedents dying on or after January 1, 1980, all moneys collected by the
department under this article are hereby allocated to and shall be deposited in the
old age pension fund created and established by article XXIV of the state
constitution.

(2) The general assembly finds that subsection (1) of this section repeals no
law which provides revenue for the old age pension fund and amends no law so as
to reduce the revenue provided for the old age pension fund, except as is allowed
by article XXIV of the state constitution.

Legislative History

Source: L. 79: Entire article added, p. 1436, � 16, effective July 3.