C.R.S. Section 42-1-225
Commercial vehicle enterprise tax fund

  • creation

(1)

The commercial vehicle enterprise tax fund is hereby created in the state treasury. The fund consists of moneys collected and transmitted to the fund pursuant to section 42-4-1701 (4)(a)(II). The general assembly shall annually appropriate the moneys in the fund to cover the actual cost of administering sections 39-26-113.5 and 39-30-104 (1)(b), C.R.S. Moneys in the fund are continuously appropriated to the department of revenue for the payment of sales and use tax refunds pursuant to section 39-26-113.5, C.R.S. After receiving the statement pursuant to section 39-30-104 (1)(b)(VI), C.R.S., the state treasurer shall credit the total cost of the amount of the tax credits stated therein to the general fund. Any moneys remaining in the commercial vehicle enterprise tax fund at the end of the fiscal year shall not revert to the general fund.

(2)

Intentionally left blank —Ed.

(a)

On July 1, 2011, and each July 1 thereafter, the department shall allocate one-third of the fund balance, not including the amount appropriated to cover the actual cost of administering sections 39-26-113.5 and 39-30-104 (1)(b), C.R.S., to make the sales tax refunds granted in section 39-26-113.5, C.R.S.

(b)

On July 1, 2011, and each July 1 thereafter, the department shall allocate two-thirds of the fund balance, not including the amount appropriated to cover the actual cost of administering sections 39-26-113.5 and 39-30-104 (1)(b), C.R.S., to offset the income tax credit granted in section 39-30-104 (1)(b), C.R.S. By January 1, 2012, the department shall notify the Colorado economic development commission created in section 24-46-102, C.R.S., of the amount allocated for such purposes.

Source: Section 42-1-225 — Commercial vehicle enterprise tax fund - creation, https://leg.­colorado.­gov/sites/default/files/images/olls/crs2023-title-42.­pdf (accessed Oct. 20, 2023).

42‑1‑101
Short title 42‑1‑102
Definitions 42‑1‑201
Administration - supervisor 42‑1‑202
Have charge of all divisions 42‑1‑203
Executive director to cooperate with others - local compliance required 42‑1‑204
Uniform rules and regulations 42‑1‑205
Record of official acts - seal 42‑1‑206
Records open to inspection - furnishing of copies - rules 42‑1‑207
No supplies for private purposes - penalty 42‑1‑208
Information on accidents - published 42‑1‑210
Authorized agents - legislative declaration - fee 42‑1‑211
Driver’s license, record, identification, and vehicle enterprise solution 42‑1‑213
Commission of authorized agents 42‑1‑214
Duties of authorized agents 42‑1‑215
Oaths 42‑1‑216
Destruction of obsolete records 42‑1‑217
Disposition of fines and surcharges 42‑1‑218.5
Electronic hearings 42‑1‑219
Appropriations for administration of title 42‑1‑222
Motor vehicle investigations unit 42‑1‑224
Record check 42‑1‑225
Commercial vehicle enterprise tax fund - creation 42‑1‑226
Disabled parking education and enforcement fund - created 42‑1‑227
Disabled parking education program 42‑1‑228
Revocation hearings - right of driver to challenge validity of initial traffic stop 42‑1‑230
Exceptions processing - rules 42‑1‑231
Kiosk program 42‑1‑232
Third-party VIN inspection program - rules - definitions 42‑1‑233
Expedited registration program - private vendor providing services to register Class A commercial vehicles - rules 42‑1‑234
Electronic vehicle registration and titling - electronic transmission of vehicle lien information - authority - rules - electronic transactions fund - gifts, grants, and donations - repeal 42‑1‑235
Electronic records, documents, and signatures
Green check means up to date. Up to date

Current through Fall 2024

§ 42-1-225’s source at colorado​.gov