Colorado § 39-28.5-108 Distribution of tax collected

Colorado Statutes

§ 39-28.5-108 — Distribution of tax collected

Colorado § 39-28.5-108

Title 39Taxation

Art.Tax on Tobacco Products

This text of Colorado § 39-28.5-108 (Distribution of tax collected) 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. § 39-28.5-108 (2026).

Text

(1)(a) All money received and collected in payment of the tax imposed by this article 28.5, except license fees received under section 39-28.5-104 and the money collected pursuant to section 39-28.5-102.5, shall be transmitted to the state treasurer, who shall distribute such money as follows: Fifteen percent to the general fund and eighty-five percent to the old age pension fund.

(b)The net revenue that is credited to the old age pension fund created in section 1 of article XXIV of the state constitution in accordance with subsection

(1)(a) of this section and section 2 (a) of article XXIV of the state constitution is transferred to the general fund in accordance with section 7 (c) of article XXIV of the state constitution. Of this money or the fifteen percent that is directly

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(1) (a) All money received and
collected in payment of the tax imposed by this article 28.5, except license fees
received under section 39-28.5-104 and the money collected pursuant to section
39-28.5-102.5, shall be transmitted to the state treasurer, who shall distribute such
money as follows: Fifteen percent to the general fund and eighty-five percent to
the old age pension fund.

(b) The net revenue that is credited to the old age pension fund created in
section 1 of article XXIV of the state constitution in accordance with subsection
(1)(a) of this section and section 2 (a) of article XXIV of the state constitution is
transferred to the general fund in accordance with section 7 (c) of article XXIV of
the state constitution. Of this money or the fifteen percent that is directly credited
to the general fund, the state treasurer shall transfer an amount equal to the total
revenue that is attributable to the tax increase set forth in section 39-28.5-102,
approved by the voters at the statewide election in November 2020, to the 2020 tax
holding fund created in section 24-22-118 (1).

(2) All moneys received and collected in payment of the tax imposed
pursuant to section 39-28.5-102.5 and section 21 of article X of the state
constitution shall be transmitted to the state treasurer for deposit in the tobacco
tax cash fund created in section 24-22-117, C.R.S.

Legislative History

Source: L. 86: Entire article added, p. 1115, � 13, effective July 1. L. 2005: Entire section amended, p. 911, � 12, effective June 2; entire section amended, p. 926, � 13, effective June 2. L. 2020: (1) amended, (HB 20-1427), ch. 248, p. 1196, � 16, effective January 1, 2021.