us-co/statute/39/39-5-116 — Failure to file schedule - failure to fully and completely disclose

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us-co/statute/39/39-5-116 — Failure to file schedule - failure to fully and completely disclose · Axiom

(1) If any person owning taxable personal property to whom one or more personal property schedules have been mailed, or upon whom the assessor or his deputy has called and left one or more schedules, fails to complete and return the same to the assessor by the April 15 next following, unless by such date such person has requested an extension of filing time as provided for in this section, the assessor shall impose a late filing penalty in the amount of fifty dollars or, if a lesser amount, fifteen percent of the amount of tax due on the valuation for assessment determined for the personal property for which any delinquent schedule or schedules are required to be filed. Any person who is unable to properly complete and file one or more of such schedules by April 15 may request an extension of time for filing, for a period of either ten or twenty days, which request shall be in writing and shall be accompanied by payment of an extension fee in the amount of two dollars per day of extension requested. A single request for extension shall be sufficient to extend the filing date for all such schedules which a person is required to file in a single county. Any person who fails to file one or more schedules by the end of the extension time requested shall be subject to a late filing penalty as though no extension had been requested. Further, if any person fails to complete and file one or more schedules by April 15 or, if an extension is requested, by the end of the requested extension, then the assessor may determine the actual value of such person's taxable personal property on the basis of the best information available to and obtainable by him and shall promptly notify such person or his agent of such valuation. Extension fees and late filing penalties shall be fees of the assessor's office. Penalties, if unpaid, shall be certified to the treasurer for collection with taxes levied upon the person's property.

(2) (a) If any person owning taxable personal property to whom two successive personal property schedules have been mailed or upon whom the assessor or his deputy has called and left one or more schedules fails to make a full and complete disclosure of his personal property for assessment purposes, the assessor, after notifying the person of his failure to make such a full and complete disclosure and allowing such person ten days from the date of notification to comply, shall, upon discovery, determine the actual value of such person's taxable property on the basis of the best information available to and obtainable by him and shall promptly notify such person or his agent of such valuation. The assessor shall impose a penalty in an amount of up to twenty-five percent of the valuation for assessment determined for the omitted personal property. Penalties, if unpaid, shall be certified to the treasurer for collection with taxes levied upon the person's personal property. A person fails to make a full and complete disclosure of his personal property pursuant to this paragraph (a) if he includes in a filed schedule any information concerning his property which is false, erroneous, or misleading or fails to include in a schedule any taxable property owned by him.

(b)Any person who makes full and complete disclosure on…#

(b) Any person who makes full and complete disclosure on the first personal property schedules issued to him on or after August 1, 1987, shall not be assessed a penalty for property previously omitted from the assessment rolls under this article.

(c)Any person subject to paragraph (a) of this subsection#

(c) Any person subject to paragraph (a) of this subsection (2) shall have the right to pursue the administrative remedies available to taxpayers under this title, dependent upon the basis of his claim.

in view

Whole section

Encodings · 13

late_filing_penalty_fixed_amountCO 39 § 39-5-116 · parameter

C.R.S. 39-5-116(1)

name: late_filing_penalty_fixed_amount
kind: parameter
dtype: Money
unit: USD
source: C.R.S. 39-5-116(1)
metadata:
  proof:
    atoms:
      - path: versions[0].formula
        kind: amount
        source:
          corpus_citation_path: us-co/statute/39/39-5-116
          excerpt: late filing penalty in the amount of fifty dollars
versions:
  - effective_from: '0001-01-01'
    formula: '50'

late_filing_penalty_rateCO 39 § 39-5-116 · parameter

C.R.S. 39-5-116(1)

name: late_filing_penalty_rate
kind: parameter
dtype: Rate
source: C.R.S. 39-5-116(1)
metadata:
  proof:
    atoms:
      - path: versions[0].formula
        kind: parameter
        source:
          corpus_citation_path: us-co/statute/39/39-5-116
          excerpt: fifteen percent of the amount of tax due
versions:
  - effective_from: '0001-01-01'
    formula: '0.15'

short_extension_daysCO 39 § 39-5-116 · parameter

C.R.S. 39-5-116(1)

name: short_extension_days
kind: parameter
dtype: Count
source: C.R.S. 39-5-116(1)
metadata:
  proof:
    atoms:
      - path: versions[0].formula
        kind: parameter
        source:
          corpus_citation_path: us-co/statute/39/39-5-116
          excerpt: a period of either ten or twenty days
versions:
  - effective_from: '0001-01-01'
    formula: '10'

long_extension_daysCO 39 § 39-5-116 · parameter

C.R.S. 39-5-116(1)

name: long_extension_days
kind: parameter
dtype: Count
source: C.R.S. 39-5-116(1)
metadata:
  proof:
    atoms:
      - path: versions[0].formula
        kind: parameter
        source:
          corpus_citation_path: us-co/statute/39/39-5-116
          excerpt: a period of either ten or twenty days
versions:
  - effective_from: '0001-01-01'
    formula: '20'

extension_fee_per_dayCO 39 § 39-5-116 · parameter

C.R.S. 39-5-116(1)

name: extension_fee_per_day
kind: parameter
dtype: Money
unit: USD
source: C.R.S. 39-5-116(1)
metadata:
  proof:
    atoms:
      - path: versions[0].formula
        kind: amount
        source:
          corpus_citation_path: us-co/statute/39/39-5-116
          excerpt: an extension fee in the amount of two dollars per day
versions:
  - effective_from: '0001-01-01'
    formula: '2'

disclosure_cure_period_daysCO 39 § 39-5-116 · parameter

C.R.S. 39-5-116(2)(a)

name: disclosure_cure_period_days
kind: parameter
dtype: Count
source: C.R.S. 39-5-116(2)(a)
metadata:
  proof:
    atoms:
      - path: versions[0].formula
        kind: parameter
        source:
          corpus_citation_path: us-co/statute/39/39-5-116
          excerpt: >-
            allowing such person ten days from the date of notification to
            comply
versions:
  - effective_from: '0001-01-01'
    formula: '10'

omitted_property_penalty_maximum_rateCO 39 § 39-5-116 · parameter

C.R.S. 39-5-116(2)(a)

name: omitted_property_penalty_maximum_rate
kind: parameter
dtype: Rate
source: C.R.S. 39-5-116(2)(a)
metadata:
  proof:
    atoms:
      - path: versions[0].formula
        kind: parameter
        source:
          corpus_citation_path: us-co/statute/39/39-5-116
          excerpt: a penalty in an amount of up to twenty-five percent
versions:
  - effective_from: '0001-01-01'
    formula: '0.25'

extension_request_is_permittedCO 39 § 39-5-116 · derived

C.R.S. 39-5-116(1)

name: extension_request_is_permitted
kind: derived
entity: Person
dtype: Judgment
period: Year
source: C.R.S. 39-5-116(1)
metadata:
  proof:
    atoms:
      - path: versions[0].formula
        kind: condition
        source:
          corpus_citation_path: us-co/statute/39/39-5-116
          excerpt: >-
            Any person who is unable to properly complete and file ... by April
            15 may request an extension ... for a period of either ten or twenty
            days
      - path: versions[0].formula
        kind: formula
        source:
          corpus_citation_path: us-co/statute/39/39-5-116
          excerpt: which request shall be in writing
versions:
  - effective_from: '0001-01-01'
    formula: >-
      person_is_unable_to_complete_and_file_by_april_15

      and written_extension_was_requested

      and (requested_extension_days == short_extension_days or
      requested_extension_days == long_extension_days)

extension_fee_dueCO 39 § 39-5-116 · derived

C.R.S. 39-5-116(1)

name: extension_fee_due
kind: derived
entity: Person
dtype: Money
period: Year
unit: USD
source: C.R.S. 39-5-116(1)
metadata:
  proof:
    atoms:
      - path: versions[0].formula
        kind: formula
        source:
          corpus_citation_path: us-co/statute/39/39-5-116
          excerpt: >-
            payment of an extension fee in the amount of two dollars per day of
            extension requested
      - path: versions[0].formula
        kind: parameter
        source:
          corpus_citation_path: us-co/statute/39/39-5-116
          excerpt: two dollars per day of extension requested
versions:
  - effective_from: '0001-01-01'
    formula: >-
      if extension_request_is_permitted: extension_fee_per_day *
      requested_extension_days else: 0

late_filing_penalty_appliesCO 39 § 39-5-116 · derived

C.R.S. 39-5-116(1)

name: late_filing_penalty_applies
kind: derived
entity: Person
dtype: Judgment
period: Year
source: C.R.S. 39-5-116(1)
metadata:
  proof:
    atoms:
      - path: versions[0].formula
        kind: condition
        source:
          corpus_citation_path: us-co/statute/39/39-5-116
          excerpt: >-
            If any person owning taxable personal property to whom one or more
            personal property schedules have been mailed, or upon whom the
            assessor or his deputy has called and left one or more schedules,
            fails to complete and return the same
versions:
  - effective_from: '0001-01-01'
    formula: |-
      personal_property_schedule_was_mailed_or_left
      and schedule_was_not_filed_by_applicable_deadline

disclosure_is_incomplete_or_misleadingCO 39 § 39-5-116 · derived

C.R.S. 39-5-116(2)(a)

name: disclosure_is_incomplete_or_misleading
kind: derived
entity: Person
dtype: Judgment
period: Year
source: C.R.S. 39-5-116(2)(a)
metadata:
  proof:
    atoms:
      - path: versions[0].formula
        kind: definition
        source:
          corpus_citation_path: us-co/statute/39/39-5-116
          excerpt: >-
            includes in a filed schedule any information concerning his property
            which is false, erroneous, or misleading or fails to include in a
            schedule any taxable property owned by him
versions:
  - effective_from: '0001-01-01'
    formula: |-
      filed_schedule_contains_false_erroneous_or_misleading_information
      or schedule_omits_taxable_property_owned_by_person

omitted_property_penalty_appliesCO 39 § 39-5-116 · derived

C.R.S. 39-5-116(2)(a)

name: omitted_property_penalty_applies
kind: derived
entity: Person
dtype: Judgment
period: Year
source: C.R.S. 39-5-116(2)(a)
metadata:
  proof:
    atoms:
      - path: versions[0].formula
        kind: condition
        source:
          corpus_citation_path: us-co/statute/39/39-5-116
          excerpt: >-
            to whom two successive personal property schedules have been mailed
            or upon whom the assessor or his deputy has called and left one or
            more schedules
      - path: versions[0].formula
        kind: ordering
        source:
          corpus_citation_path: us-co/statute/39/39-5-116
          excerpt: >-
            after notifying the person ... and allowing such person ten days
            from the date of notification to comply
versions:
  - effective_from: '0001-01-01'
    formula: >-
      (two_successive_personal_property_schedules_were_mailed or
      personal_property_schedule_was_left_by_assessor)

      and disclosure_is_incomplete_or_misleading

      and person_was_notified_of_disclosure_failure

      and days_since_disclosure_failure_notification >=
      disclosure_cure_period_days

      and person_has_not_complied_with_disclosure_requirement

maximum_omitted_property_penaltyCO 39 § 39-5-116 · derived

C.R.S. 39-5-116(2)(a)

name: maximum_omitted_property_penalty
kind: derived
entity: Person
dtype: Money
period: Year
unit: USD
source: C.R.S. 39-5-116(2)(a)
metadata:
  proof:
    atoms:
      - path: versions[0].formula
        kind: formula
        source:
          corpus_citation_path: us-co/statute/39/39-5-116
          excerpt: >-
            a penalty in an amount of up to twenty-five percent of the valuation
            for assessment determined for the omitted personal property
versions:
  - effective_from: '0001-01-01'
    formula: >-
      if omitted_property_penalty_applies: omitted_property_penalty_maximum_rate
      * omitted_personal_property_valuation_for_assessment else: 0

▸rulespec code

Shown source

statutes/39/39-5-116.yaml

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Rules

late_filing_penalty_fixed_amount

Parameter

source: C.R.S. 39-5-116(1)

- name: late_filing_penalty_fixed_amount
  kind: parameter
  dtype: Money
  unit: USD
  source: C.R.S. 39-5-116(1)
  metadata:
    proof:
      atoms:
        - path: versions[0].formula
          kind: amount
          source:
            corpus_citation_path: us-co/statute/39/39-5-116
            excerpt: late filing penalty in the amount of fifty dollars
  versions:
    - effective_from: '0001-01-01'
      formula: '50'

late_filing_penalty_rate

Parameter

source: C.R.S. 39-5-116(1)

- name: late_filing_penalty_rate
  kind: parameter
  dtype: Rate
  source: C.R.S. 39-5-116(1)
  metadata:
    proof:
      atoms:
        - path: versions[0].formula
          kind: parameter
          source:
            corpus_citation_path: us-co/statute/39/39-5-116
            excerpt: fifteen percent of the amount of tax due
  versions:
    - effective_from: '0001-01-01'
      formula: '0.15'

short_extension_days

Parameter

source: C.R.S. 39-5-116(1)

- name: short_extension_days
  kind: parameter
  dtype: Count
  source: C.R.S. 39-5-116(1)
  metadata:
    proof:
      atoms:
        - path: versions[0].formula
          kind: parameter
          source:
            corpus_citation_path: us-co/statute/39/39-5-116
            excerpt: a period of either ten or twenty days
  versions:
    - effective_from: '0001-01-01'
      formula: '10'

long_extension_days

Parameter

source: C.R.S. 39-5-116(1)

- name: long_extension_days
  kind: parameter
  dtype: Count
  source: C.R.S. 39-5-116(1)
  metadata:
    proof:
      atoms:
        - path: versions[0].formula
          kind: parameter
          source:
            corpus_citation_path: us-co/statute/39/39-5-116
            excerpt: a period of either ten or twenty days
  versions:
    - effective_from: '0001-01-01'
      formula: '20'

extension_fee_per_day

Parameter

source: C.R.S. 39-5-116(1)

- name: extension_fee_per_day
  kind: parameter
  dtype: Money
  unit: USD
  source: C.R.S. 39-5-116(1)
  metadata:
    proof:
      atoms:
        - path: versions[0].formula
          kind: amount
          source:
            corpus_citation_path: us-co/statute/39/39-5-116
            excerpt: an extension fee in the amount of two dollars per day
  versions:
    - effective_from: '0001-01-01'
      formula: '2'

disclosure_cure_period_days

Parameter

source: C.R.S. 39-5-116(2)(a)

- name: disclosure_cure_period_days
  kind: parameter
  dtype: Count
  source: C.R.S. 39-5-116(2)(a)
  metadata:
    proof:
      atoms:
        - path: versions[0].formula
          kind: parameter
          source:
            corpus_citation_path: us-co/statute/39/39-5-116
            excerpt: allowing such person ten days from the date of notification to comply
  versions:
    - effective_from: '0001-01-01'
      formula: '10'

omitted_property_penalty_maximum_rate

Parameter

source: C.R.S. 39-5-116(2)(a)

- name: omitted_property_penalty_maximum_rate
  kind: parameter
  dtype: Rate
  source: C.R.S. 39-5-116(2)(a)
  metadata:
    proof:
      atoms:
        - path: versions[0].formula
          kind: parameter
          source:
            corpus_citation_path: us-co/statute/39/39-5-116
            excerpt: a penalty in an amount of up to twenty-five percent
  versions:
    - effective_from: '0001-01-01'
      formula: '0.25'

extension_request_is_permitted

Derived

source: C.R.S. 39-5-116(1)

- name: extension_request_is_permitted
  kind: derived
  entity: Person
  dtype: Judgment
  period: Year
  source: C.R.S. 39-5-116(1)
  metadata:
    proof:
      atoms:
        - path: versions[0].formula
          kind: condition
          source:
            corpus_citation_path: us-co/statute/39/39-5-116
            excerpt: >-
              Any person who is unable to properly complete and file ... by April 15 may request an
              extension ... for a period of either ten or twenty days
        - path: versions[0].formula
          kind: formula
          source:
            corpus_citation_path: us-co/statute/39/39-5-116
            excerpt: which request shall be in writing
  versions:
    - effective_from: '0001-01-01'
      formula: >-
        person_is_unable_to_complete_and_file_by_april_15

        and written_extension_was_requested

        and (requested_extension_days == short_extension_days or requested_extension_days ==
        long_extension_days)

extension_fee_due

Derived

source: C.R.S. 39-5-116(1)

- name: extension_fee_due
  kind: derived
  entity: Person
  dtype: Money
  period: Year
  unit: USD
  source: C.R.S. 39-5-116(1)
  metadata:
    proof:
      atoms:
        - path: versions[0].formula
          kind: formula
          source:
            corpus_citation_path: us-co/statute/39/39-5-116
            excerpt: >-
              payment of an extension fee in the amount of two dollars per day of extension
              requested
        - path: versions[0].formula
          kind: parameter
          source:
            corpus_citation_path: us-co/statute/39/39-5-116
            excerpt: two dollars per day of extension requested
  versions:
    - effective_from: '0001-01-01'
      formula: 'if extension_request_is_permitted: extension_fee_per_day * requested_extension_days else: 0'

late_filing_penalty_applies

Derived

source: C.R.S. 39-5-116(1)

- name: late_filing_penalty_applies
  kind: derived
  entity: Person
  dtype: Judgment
  period: Year
  source: C.R.S. 39-5-116(1)
  metadata:
    proof:
      atoms:
        - path: versions[0].formula
          kind: condition
          source:
            corpus_citation_path: us-co/statute/39/39-5-116
            excerpt: >-
              If any person owning taxable personal property to whom one or more personal property
              schedules have been mailed, or upon whom the assessor or his deputy has called and
              left one or more schedules, fails to complete and return the same
  versions:
    - effective_from: '0001-01-01'
      formula: |-
        personal_property_schedule_was_mailed_or_left
        and schedule_was_not_filed_by_applicable_deadline

disclosure_is_incomplete_or_misleading

Derived

source: C.R.S. 39-5-116(2)(a)

- name: disclosure_is_incomplete_or_misleading
  kind: derived
  entity: Person
  dtype: Judgment
  period: Year
  source: C.R.S. 39-5-116(2)(a)
  metadata:
    proof:
      atoms:
        - path: versions[0].formula
          kind: definition
          source:
            corpus_citation_path: us-co/statute/39/39-5-116
            excerpt: >-
              includes in a filed schedule any information concerning his property which is false,
              erroneous, or misleading or fails to include in a schedule any taxable property owned
              by him
  versions:
    - effective_from: '0001-01-01'
      formula: |-
        filed_schedule_contains_false_erroneous_or_misleading_information
        or schedule_omits_taxable_property_owned_by_person

omitted_property_penalty_applies

Derived

source: C.R.S. 39-5-116(2)(a)

- name: omitted_property_penalty_applies
  kind: derived
  entity: Person
  dtype: Judgment
  period: Year
  source: C.R.S. 39-5-116(2)(a)
  metadata:
    proof:
      atoms:
        - path: versions[0].formula
          kind: condition
          source:
            corpus_citation_path: us-co/statute/39/39-5-116
            excerpt: >-
              to whom two successive personal property schedules have been mailed or upon whom the
              assessor or his deputy has called and left one or more schedules
        - path: versions[0].formula
          kind: ordering
          source:
            corpus_citation_path: us-co/statute/39/39-5-116
            excerpt: >-
              after notifying the person ... and allowing such person ten days from the date of
              notification to comply
  versions:
    - effective_from: '0001-01-01'
      formula: >-
        (two_successive_personal_property_schedules_were_mailed or
        personal_property_schedule_was_left_by_assessor)

        and disclosure_is_incomplete_or_misleading

        and person_was_notified_of_disclosure_failure

        and days_since_disclosure_failure_notification >= disclosure_cure_period_days

        and person_has_not_complied_with_disclosure_requirement

maximum_omitted_property_penalty

Derived

source: C.R.S. 39-5-116(2)(a)

- name: maximum_omitted_property_penalty
  kind: derived
  entity: Person
  dtype: Money
  period: Year
  unit: USD
  source: C.R.S. 39-5-116(2)(a)
  metadata:
    proof:
      atoms:
        - path: versions[0].formula
          kind: formula
          source:
            corpus_citation_path: us-co/statute/39/39-5-116
            excerpt: >-
              a penalty in an amount of up to twenty-five percent of the valuation for assessment
              determined for the omitted personal property
  versions:
    - effective_from: '0001-01-01'
      formula: >-
        if omitted_property_penalty_applies: omitted_property_penalty_maximum_rate *
        omitted_personal_property_valuation_for_assessment else: 0