Colorado § 39-26-112 Excess tax - remittance - repeal

Colorado Statutes

§ 39-26-112 — Excess tax - remittance - repeal

Colorado·Title 39 Taxation·Art. Sales and Use Tax

(1)If any vendor, during any reporting period, collects as a tax an amount in excess of the tax imposed by section 39-26-106 (1), such vendor shall remit to the executive director of the department of revenue the full net amount of the tax imposed in this part 1 and also such excess. The retention by the retailer or vendor of any excess of tax collections over the said percentage of the total taxable sales of such retailer or vendor, or the intentional failure to remit punctually to the executive director the full amount required to be remitted by the provisions of this part 1 is declared to be unlawful and constitutes a misdemeanor.

(2)(a) The requirements and penalty in this section do not apply to a qualifying retailer retaining state sales tax as allowed in section 39-26-10

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(1) If any vendor, during any
reporting period, collects as a tax an amount in excess of the tax imposed by
section 39-26-106 (1), such vendor shall remit to the executive director of the
department of revenue the full net amount of the tax imposed in this part 1 and also
such excess. The retention by the retailer or vendor of any excess of tax collections
over the said percentage of the total taxable sales of such retailer or vendor, or the
intentional failure to remit punctually to the executive director the full amount
required to be remitted by the provisions of this part 1 is declared to be unlawful
and constitutes a misdemeanor.

(2) (a) The requirements and penalty in this section do not apply to a
qualifying retailer retaining state sales tax as allowed in section 39-26-105 (1.3).

(b) This subsection (2) is repealed, effective December 31, 2026.

Colorado § 39-26-112 (Excess tax - remittance - repeal) — published by Counsel Stack Legal Research, free access to 12M+ legal documents.

Legislative History

Source: L. 35: p. 1009, � 5. CSA: C. 144, � 13. L. 37: p. 1085, � 1. L. 45: p. 580, � 4. CRS 53: � 138-6-12. C.R.S. 1963: � 138-5-12. L. 65: p. 1124, � 4. L. 2001: Entire section amended, p. 1281, � 58, effective June 5. L. 2020, 1st Ex. Sess.: Entire section amended, (HB 20B-1004), ch. 3, p. 24, � 3, effective December 7. L. 2024: (1) amended, (SB 24-228), ch. 170, p. 904, � 15, effective May 14.