(1)(a)
The state of Colorado and the department shall have a lien, to secure the payment
of the taxes, penalties, and interest imposed pursuant to section 44-3-503 upon all
the assets and property of the wholesaler or manufacturer owing the tax, including
the stock in trade, business fixtures, and equipment owned or used by the
wholesaler or manufacturer in the conduct of business, as long as a delinquency in
the payment of the tax continues. The lien shall be prior to any lien of any kind
whatsoever, including existing liens for taxes.
(b)Any wholesaler and manufacturer or person in possession shall provide a
copy of any lease pertaining to the assets and property described in subsection
(1)(a) of this section to the department within ten days after seizure by the
department
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(1) (a)
The state of Colorado and the department shall have a lien, to secure the payment
of the taxes, penalties, and interest imposed pursuant to section 44-3-503 upon all
the assets and property of the wholesaler or manufacturer owing the tax, including
the stock in trade, business fixtures, and equipment owned or used by the
wholesaler or manufacturer in the conduct of business, as long as a delinquency in
the payment of the tax continues. The lien shall be prior to any lien of any kind
whatsoever, including existing liens for taxes.
(b) Any wholesaler and manufacturer or person in possession shall provide a
copy of any lease pertaining to the assets and property described in subsection
(1)(a) of this section to the department within ten days after seizure by the
department of the assets and property. The department shall verify that the lease is
bona fide and notify the owner that the lease has been received by the department.
The department shall use its best efforts to notify the owner of the real or personal
property that might be subject to the lien created in subsection (1)(a) of this section.
The real or personal property of an owner who has made a bona fide lease to a
wholesaler or manufacturer shall be exempt from the lien created in subsection
(1)(a) of this section if the property can reasonably be identified from the lease
description or if the lessee is given an option to purchase in the lease and has not
exercised the option to become the owner of the property leased. This exemption
shall be effective from the date of the execution of the lease. The exemption shall
also apply if the lease is recorded with the county clerk and recorder of the county
where the property is located or based or a memorandum of the lease is filed with
the department on such forms as may be prescribed by the department after the
execution of the lease at a cost for the filing of two dollars and fifty cents per
document. Motor vehicles that are properly registered in this state, showing the
lessor as owner thereof, shall be exempt from the lien created in subsection (1)(a) of
this section; except that said lien shall apply to the extent that the lessee has an
earned reserve, allowance for depreciation not to exceed fair market value, or
similar interest that is or may be credited to the lessee. Where the lessor and lessee
are blood relatives or relatives by law or have twenty-five percent or more common
ownership, a lease between the lessee and the lessor shall not be considered as
bona fide for the purposes of this section.
(2) (a) Any wholesaler or manufacturer who files a return pursuant to section
44-3-503 but who fails to accompany it with payment of the excise tax disclosed
on the return shall be sent a notice by the executive director. The notice shall state
that the excise tax is due and unpaid and shall state the amount of the tax, penalty,
and interest owed pursuant to section 44-3-503. The notice shall be sent by first-class mail and shall be directed to the last address of the wholesaler or
manufacturer on file with the department.
(b) (I) If a wholesaler or manufacturer fails to file both the return and the
payment required by section 44-3-503, the executive director shall make an
estimate, based upon such information as may be available, of the amount of taxes
due for the period for which the wholesaler or manufacturer is delinquent and shall
add any penalty and interest authorized in section 44-3-503. The executive director
shall give the delinquent taxpayer written notice of the estimated tax, penalty, and
interest, which notice shall be sent by first-class mail and shall be directed to the
last address of the person on file with the department.
(II) The remedies available to a taxpayer pursuant to article 21 of title 39
shall be available to any wholesaler or manufacturer who seeks to contest the
estimated tax, penalty, or interest specified in the notice mailed pursuant to
subsection (2)(b)(I) of this section.
(3) If any taxes, penalties, or interest imposed pursuant to section 44-3-503
are not paid within ten days after the notice is mailed pursuant to subsection (2) of
this section, the executive director may seek to enforce collection of the unpaid
amounts in accordance with the provisions of article 21 of title 39, to the extent that
those provisions are not in conflict with or inconsistent with the provisions of this
article 3.