Colorado § 39-26-115 Deficiency due to negligence

Colorado Statutes

§ 39-26-115 — Deficiency due to negligence

Colorado § 39-26-115

Title 39Taxation

Art.Sales and Use Tax

This text of Colorado § 39-26-115 (Deficiency due to negligence) 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. § 39-26-115 (2026).

Text

If any part of the deficiency is due
to negligence or intentional disregard of authorized rules and regulations with
knowledge thereof, but without intent to defraud, there shall be added ten percent
of the total amount of the deficiency, and interest in such case shall be collected at
the rate imposed under section 39-21-110.5, in addition to the interest provided by
section 39-21-109, on the amount of such deficiency from the time the return was
due, from the person required to file the return, which interest and addition shall
become due and payable ten days after written notice and demand to him by the
executive director of the department of revenue. If any part of the deficiency is due
to fraud with the intent to evade the tax, then there shall be added one hundred
percent o

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If any part of the deficiency is due
to negligence or intentional disregard of authorized rules and regulations with
knowledge thereof, but without intent to defraud, there shall be added ten percent
of the total amount of the deficiency, and interest in such case shall be collected at
the rate imposed under section 39-21-110.5, in addition to the interest provided by
section 39-21-109, on the amount of such deficiency from the time the return was
due, from the person required to file the return, which interest and addition shall
become due and payable ten days after written notice and demand to him by the
executive director of the department of revenue. If any part of the deficiency is due
to fraud with the intent to evade the tax, then there shall be added one hundred
percent of the total amount of the deficiency, and, in such case, the whole amount
of the tax unpaid, including the additions, shall become due and payable ten days
after written notice and demand by the executive director, and an additional three
percent per month on said amount shall be added from the date the return was due
until paid.

Legislative History

Source: L. 35: p. 1012, � 8. CSA: C. 144, � 18. L. 37: p. 1090, � 1. CRS 53: � 138-6-17. C.R.S. 1963: � 138-5-17. L. 65: p. 1149, � 3. L. 81: Entire section amended, p. 1866, � 11, effective June 8. L. 85: Entire section amended, p. 1257, � 10, effective January 1, 1986.