Colorado § 44-30-1508 Sports betting tax - rules

Colorado Statutes

§ 44-30-1508 — Sports betting tax - rules

Colorado·Title 44 Revenue -·Art. Colorado Limited Gaming Act

(1)There is hereby imposed a tax on sports betting activity, at the rate of ten percent of net sports betting proceeds. The commission shall establish by rule the form and manner in which the tax is collected.

(2)Except as provided in subsection (3) of this section, all proceeds of the sports betting tax shall be forwarded to the state treasurer, who shall credit them to the sports betting fund created in section 44-30-1509.

(3)Repealed.

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(1) There is hereby imposed a tax on
sports betting activity, at the rate of ten percent of net sports betting proceeds.
The commission shall establish by rule the form and manner in which the tax is
collected.

(2) Except as provided in subsection (3) of this section, all proceeds of the
sports betting tax shall be forwarded to the state treasurer, who shall credit them
to the sports betting fund created in section 44-30-1509.

(3) Repealed.

Colorado § 44-30-1508 (Sports betting tax - rules) — published by Counsel Stack Legal Research, free access to 12M+ legal documents.

Legislative History

Source: L. 2019: Entire part added, (HB 19-1327), ch. 347, p. 3228, � 12, effective May 1, 2020. L. 2024: (2) amended and (3) added, (HB 24-1436), ch. 212, p. 1297, � 2, effective May 20.