Colorado § 39-26-125 Limitations

Colorado Statutes

§ 39-26-125 — Limitations

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

The taxes for any period, together with the interest
thereon and penalties with respect thereto, imposed by this part 1 shall not be
assessed, nor shall any notice of lien be filed, or distraint warrant issued, or suit for
collection be instituted, nor any other action to collect the same be commenced,
more than three years after the date on which the tax was or is payable, except as
set forth in sections 29-2-208 (2)(a)(III) and 29-2-302 (5)(b); nor shall any lien
continue after such period, except for taxes assessed before the expiration of such
period, notice of lien with respect to which has been filed prior to the expiration of
such period, in which cases such lien shall continue only for one year after the filing
of notice thereof. In the case of a false or fraudulent return

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The taxes for any period, together with the interest
thereon and penalties with respect thereto, imposed by this part 1 shall not be
assessed, nor shall any notice of lien be filed, or distraint warrant issued, or suit for
collection be instituted, nor any other action to collect the same be commenced,
more than three years after the date on which the tax was or is payable, except as
set forth in sections 29-2-208 (2)(a)(III) and 29-2-302 (5)(b); nor shall any lien
continue after such period, except for taxes assessed before the expiration of such
period, notice of lien with respect to which has been filed prior to the expiration of
such period, in which cases such lien shall continue only for one year after the filing
of notice thereof. In the case of a false or fraudulent return with intent to evade tax,
the tax, together with interest and penalties thereon, may be assessed, or
proceedings for the collection of such taxes, may be begun, at any time. Before the
expiration of such period of limitation, the taxpayer and the executive director of
the department of revenue may agree in writing to an extension thereof, and the
period so agreed on may be extended by subsequent agreements in writing.

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Legislative History

Source: L. 43: p. 541, � 1. CSA: C. 144, � 47. CRS 53: � 138-6-42. C.R.S. 1963: � 138-5-42. L. 2017: Entire section amended, (SB 17-112), ch. 144, p. 484, � 4, effective April 18. L. 2024: Entire section amended, (SB 24-025), ch. 144, p. 581, � 48, effective July 1, 2025.