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us-co/statute/39/39-21-109 — Interest on underpayment, nonpayment, or extensions of time for payment of tax · Axiom

Interest on underpayment, nonpayment, or extensions of time for payment of tax

3 rules

(1) If any tax or charge administered pursuant to this article 21 is not paid on or before the last date prescribed for payment, interest on such amount at the rate imposed under section 39-21-110.5, except as provided in subsection (1.5) of this section, shall be paid for the period from such last date to the date paid. The last date prescribed for payment shall be determined without regard to any extension of time for payment and shall be determined without regard to any notice and demand for payment issued, by reason of jeopardy, prior to the last date otherwise prescribed for such payment. In the case of a tax in which the last date for payment is not otherwise prescribed, the last date for payment shall be deemed to be the date the liability for the tax arises, and in no event shall it be later than the date notice and demand for the tax is made by the executive director of the department of revenue or the executive director's delegate.

(1.5) If payment of or an agreement to pay the amount of any tax described in subsection (1) of this section is made within thirty days of notice of underpayment, nonpayment, or extension of time, the executive director shall waive the imposition of the three points in excess of the prime rate described in section 39-21-110.5 (2) on such amount unless the executive director determines that there has been a willful neglect or failure to pay such tax.

(2) Interest prescribed under this section shall be paid upon notice and demand and shall be assessed, collected, and paid in the same manner as the tax to which it is applicable.

(3) If any portion of a tax is satisfied by credit of an overpayment, then no interest shall be imposed under this section on the portion of the tax so satisfied for any period during which, if the credit had not been made, interest would have been allowed with respect to such overpayment.

(4) Interest prescribed under this section on any tax may be assessed and collected at any time during the period within which the tax to which such interest relates may be assessed and collected.

(5) This section shall not apply to any failure to pay estimated Colorado income tax.

in view

Whole section

Encodings · 3

payment_or_agreement_notice_window_daysCO 39 § 39-21-109 · parameter

C.R.S. 39-21-109(1.5)

name: payment_or_agreement_notice_window_days
kind: parameter
dtype: Count
period: Day
source: C.R.S. 39-21-109(1.5)
metadata:
  proof:
    atoms:
      - path: versions[0].formula
        kind: parameter
        source:
          corpus_citation_path: us-co/statute/39/39-21-109
          excerpt: within thirty days of notice
versions:
  - effective_from: '0001-01-01'
    formula: '30'

prime_rate_excess_waiverCO 39 § 39-21-109 · parameter

C.R.S. 39-21-109(1.5)

name: prime_rate_excess_waiver
kind: parameter
dtype: Rate
period: Year
source: C.R.S. 39-21-109(1.5)
metadata:
  proof:
    atoms:
      - path: versions[0].formula
        kind: parameter
        source:
          corpus_citation_path: us-co/statute/39/39-21-109
          excerpt: the three points in excess of the prime rate
versions:
  - effective_from: '0001-01-01'
    formula: '0.03'

late_payment_interest_appliesCO 39 § 39-21-109 · derived

C.R.S. 39-21-109(1), (5)

name: late_payment_interest_applies
kind: derived
entity: TaxUnit
dtype: Judgment
period: Year
source: C.R.S. 39-21-109(1), (5)
metadata:
  proof:
    atoms:
      - path: versions[0].formula
        kind: condition
        source:
          corpus_citation_path: us-co/statute/39/39-21-109
          excerpt: >-
            If any tax or charge administered pursuant to this article 21 is not
            paid
      - path: versions[0].formula
        kind: exception
        source:
          corpus_citation_path: us-co/statute/39/39-21-109
          excerpt: >-
            This section shall not apply to any failure to pay estimated
            Colorado income tax.
versions:
  - effective_from: '0001-01-01'
    formula: |-
      tax_or_charge_is_administered_under_article_21
      and payment_not_made_on_or_before_last_date_prescribed
      and not failure_to_pay_is_estimated_colorado_income_tax

▸rulespec code

Shown source

statutes/39/39-21-109.yaml

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View on GitHub

Rules

payment_or_agreement_notice_window_days

Parameter

source: C.R.S. 39-21-109(1.5)

- name: payment_or_agreement_notice_window_days
  kind: parameter
  dtype: Count
  period: Day
  source: C.R.S. 39-21-109(1.5)
  metadata:
    proof:
      atoms:
        - path: versions[0].formula
          kind: parameter
          source:
            corpus_citation_path: us-co/statute/39/39-21-109
            excerpt: within thirty days of notice
  versions:
    - effective_from: '0001-01-01'
      formula: '30'

prime_rate_excess_waiver

Parameter

source: C.R.S. 39-21-109(1.5)

- name: prime_rate_excess_waiver
  kind: parameter
  dtype: Rate
  period: Year
  source: C.R.S. 39-21-109(1.5)
  metadata:
    proof:
      atoms:
        - path: versions[0].formula
          kind: parameter
          source:
            corpus_citation_path: us-co/statute/39/39-21-109
            excerpt: the three points in excess of the prime rate
  versions:
    - effective_from: '0001-01-01'
      formula: '0.03'

late_payment_interest_applies

Derived

source: C.R.S. 39-21-109(1), (5)

- name: late_payment_interest_applies
  kind: derived
  entity: TaxUnit
  dtype: Judgment
  period: Year
  source: C.R.S. 39-21-109(1), (5)
  metadata:
    proof:
      atoms:
        - path: versions[0].formula
          kind: condition
          source:
            corpus_citation_path: us-co/statute/39/39-21-109
            excerpt: If any tax or charge administered pursuant to this article 21 is not paid
        - path: versions[0].formula
          kind: exception
          source:
            corpus_citation_path: us-co/statute/39/39-21-109
            excerpt: This section shall not apply to any failure to pay estimated Colorado income tax.
  versions:
    - effective_from: '0001-01-01'
      formula: |-
        tax_or_charge_is_administered_under_article_21
        and payment_not_made_on_or_before_last_date_prescribed
        and not failure_to_pay_is_estimated_colorado_income_tax

▸citations (2)

References

This rule cites 2 other rules.

CO 39 § 39-21-110.5inferredCO › Statutes › Title 39 › § 39-21-110.5
CO 39 § 39-21-110.5 (2)inferredCO › Statutes › Title 39 › § 39-21-110.5 › (2)

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Interest on underpayment, nonpayment, or extensions of time for payment of tax

3 rules

Official source

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(2) Interest prescribed under this section shall be paid upon notice and demand and shall be assessed, collected, and paid in the same manner as the tax to which it is applicable.

(4) Interest prescribed under this section on any tax may be assessed and collected at any time during the period within which the tax to which such interest relates may be assessed and collected.

(5) This section shall not apply to any failure to pay estimated Colorado income tax.

in view

Whole section

Encodings · 3

payment_or_agreement_notice_window_daysCO 39 § 39-21-109 · parameter

C.R.S. 39-21-109(1.5)

name: payment_or_agreement_notice_window_days
kind: parameter
dtype: Count
period: Day
source: C.R.S. 39-21-109(1.5)
metadata:
  proof:
    atoms:
      - path: versions[0].formula
        kind: parameter
        source:
          corpus_citation_path: us-co/statute/39/39-21-109
          excerpt: within thirty days of notice
versions:
  - effective_from: '0001-01-01'
    formula: '30'

prime_rate_excess_waiverCO 39 § 39-21-109 · parameter

C.R.S. 39-21-109(1.5)

name: prime_rate_excess_waiver
kind: parameter
dtype: Rate
period: Year
source: C.R.S. 39-21-109(1.5)
metadata:
  proof:
    atoms:
      - path: versions[0].formula
        kind: parameter
        source:
          corpus_citation_path: us-co/statute/39/39-21-109
          excerpt: the three points in excess of the prime rate
versions:
  - effective_from: '0001-01-01'
    formula: '0.03'

late_payment_interest_appliesCO 39 § 39-21-109 · derived

C.R.S. 39-21-109(1), (5)

name: late_payment_interest_applies
kind: derived
entity: TaxUnit
dtype: Judgment
period: Year
source: C.R.S. 39-21-109(1), (5)
metadata:
  proof:
    atoms:
      - path: versions[0].formula
        kind: condition
        source:
          corpus_citation_path: us-co/statute/39/39-21-109
          excerpt: >-
            If any tax or charge administered pursuant to this article 21 is not
            paid
      - path: versions[0].formula
        kind: exception
        source:
          corpus_citation_path: us-co/statute/39/39-21-109
          excerpt: >-
            This section shall not apply to any failure to pay estimated
            Colorado income tax.
versions:
  - effective_from: '0001-01-01'
    formula: |-
      tax_or_charge_is_administered_under_article_21
      and payment_not_made_on_or_before_last_date_prescribed
      and not failure_to_pay_is_estimated_colorado_income_tax

▸rulespec code

Shown source

statutes/39/39-21-109.yaml

Displaying the canonical repository encoding.

View on GitHub

Rules

payment_or_agreement_notice_window_days

Parameter

source: C.R.S. 39-21-109(1.5)

- name: payment_or_agreement_notice_window_days
  kind: parameter
  dtype: Count
  period: Day
  source: C.R.S. 39-21-109(1.5)
  metadata:
    proof:
      atoms:
        - path: versions[0].formula
          kind: parameter
          source:
            corpus_citation_path: us-co/statute/39/39-21-109
            excerpt: within thirty days of notice
  versions:
    - effective_from: '0001-01-01'
      formula: '30'

prime_rate_excess_waiver

Parameter

source: C.R.S. 39-21-109(1.5)

- name: prime_rate_excess_waiver
  kind: parameter
  dtype: Rate
  period: Year
  source: C.R.S. 39-21-109(1.5)
  metadata:
    proof:
      atoms:
        - path: versions[0].formula
          kind: parameter
          source:
            corpus_citation_path: us-co/statute/39/39-21-109
            excerpt: the three points in excess of the prime rate
  versions:
    - effective_from: '0001-01-01'
      formula: '0.03'

late_payment_interest_applies

Derived

source: C.R.S. 39-21-109(1), (5)

- name: late_payment_interest_applies
  kind: derived
  entity: TaxUnit
  dtype: Judgment
  period: Year
  source: C.R.S. 39-21-109(1), (5)
  metadata:
    proof:
      atoms:
        - path: versions[0].formula
          kind: condition
          source:
            corpus_citation_path: us-co/statute/39/39-21-109
            excerpt: If any tax or charge administered pursuant to this article 21 is not paid
        - path: versions[0].formula
          kind: exception
          source:
            corpus_citation_path: us-co/statute/39/39-21-109
            excerpt: This section shall not apply to any failure to pay estimated Colorado income tax.
  versions:
    - effective_from: '0001-01-01'
      formula: |-
        tax_or_charge_is_administered_under_article_21
        and payment_not_made_on_or_before_last_date_prescribed
        and not failure_to_pay_is_estimated_colorado_income_tax

▸citations (2)

References

This rule cites 2 other rules.

CO 39 § 39-21-110.5inferredCO › Statutes › Title 39 › § 39-21-110.5
CO 39 § 39-21-110.5 (2)inferredCO › Statutes › Title 39 › § 39-21-110.5 › (2)