Colorado § 39-28.8-305 Distribution of tax collected

Colorado Statutes

§ 39-28.8-305 — Distribution of tax collected

Colorado § 39-28.8-305

Title 39Taxation

Art.Taxes on Marijuana and

This text of Colorado § 39-28.8-305 (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. § 39-28.8-305 (2026).

Text

(1)All money received and collected in payment of the tax imposed by this part 3 shall be transmitted to the state treasurer, who shall distribute the money as follows:

(a)(I) (Deleted by amendment, L. 2019.)

(II)Repealed.

(III)For the state fiscal year commencing July 1, 2019, and for each state fiscal year thereafter except for the state fiscal year commencing July 1, 2020, all of the money received and collected annually shall be transferred to the public school capital construction assistance fund created by article 43.7 of title 22 or to any successor fund dedicated to a similar purpose.

(IV)For the state fiscal year commencing July 1, 2020, the lesser of the first forty million dollars received and collected or all of the money received and collected shall be transfe

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(1) All money received and
collected in payment of the tax imposed by this part 3 shall be transmitted to the
state treasurer, who shall distribute the money as follows:

(a) (I) (Deleted by amendment, L. 2019.)

(II) Repealed.

(III) For the state fiscal year commencing July 1, 2019, and for each state
fiscal year thereafter except for the state fiscal year commencing July 1, 2020, all
of the money received and collected annually shall be transferred to the public
school capital construction assistance fund created by article 43.7 of title 22 or to
any successor fund dedicated to a similar purpose.

(IV) For the state fiscal year commencing July 1, 2020, the lesser of the first
forty million dollars received and collected or all of the money received and
collected shall be transferred to the public school capital construction assistance
fund created by article 43.7 of title 22 or to any successor fund dedicated to a
similar purpose and the remainder of the money received and collected shall be
transferred to the state public school fund created in section 22-54-114 (1).

(b) Repealed.

Legislative History

Source: L. 2013: Entire article added, (HB 13-1318), ch. 330, p. 1873, � 1, effective May 28. L. 2014: (1)(b) amended, (SB 14-215), ch. 352, p. 1616, � 9, effective July 1. L. 2015: (1)(b) amended, (HB 15-1367), ch. 271, p. 1068, � 6, effective June 4. L. 2018: Entire section amended, (HB 18-1070), ch. 322, p. 1930, � 2, effective May 30. L. 2019: Entire section amended, (HB 19-1055), ch. 246, p. 2406, � 5, effective May 21. L. 2020: (1)(a)(III) amended and (1)(a)(IV) added, (HB 20-1418), ch. 197, p. 942, � 7, effective June 30.