§ 39-28.6-111 — Prohibited acts - penalties

Colorado § 39-28.6-111

• Jurisdiction: Colorado
• Title 39: Taxation
• Art.: Nicotine Products Tax

Text

(1) Beginning January 1, 2021, it is
unlawful for any distributor to sell and distribute any nicotine products in this state
without a license as required in section 39-28.6-105, or to willfully make any false
or fraudulent return or false statement on any return, or to willfully evade the
payment of the tax, or any part thereof, as imposed by this article 28.6. Any
distributor or agent thereof who willfully violates any provision of this article 28.6 is
subject to punishment as provided by section 39-21-118.

(2) (a) If a person neglects or refuses to make a return as required by this
article 28.6 and no amount of tax is due, the executive director of the department
shall impose a penalty in the amount of twenty-five dollars.

(b) If a person fails to pay the tax in the time allowed in section 39-28.6-107,
a penalty equal to ten percent of the tax plus one-half of one percent per month
from the date when due, together with interest on such delinquent taxes at the rate
computed under section 39-21-110.5, applies.

(c) In computing and assessing the penalty, penalty interest, and interest
pursuant to subsection (2)(b) of this section, the executive director of the
department may make an estimate, based upon information as may be available, of
the amount of taxes due for the period for which the taxpayer is delinquent.

Legislative History

Source: L. 2020: Entire article added, (HB 20-1427), ch. 248, p. 1203, � 18, effective January 1, 2021.