Colorado – Tax Amnesty Program

SALT Report 1153 – The Colorado Department of Revenue will allow certain taxpayers to pay the full amount of overdue taxes, including one-half of any interest due, without being subject to any other civil or criminal penalties.

The Colorado Tax Amnesty Program will run from October 1, 2011 through November 15, 2011 and applies to taxes that were due on or before December 31, 2010.

The Colorado tax amnesty program applies to the following types of taxes:

  • Personal, corporate, partnership and fiduciary income taxes
  • State sales and use tax and the following taxes collected by the Department of Revenue on behalf of counties and municipalities: county or city taxes; local marketing and promotion taxes; county lodging taxes; county rental taxes; local improvement district sales taxes; regional transportation authority sales and use tax; Denver metropolitan scientific and cultural facilities district sales and use taxes, metropolitan football stadium district sales and use tax, and regional transportation district sales and use tax.
  • Gasoline and special fuel taxes
  • Cigarette and tobacco products taxes
  • Severance taxes

Exclusions to the Amnesty Program:

  • Tax delinquency. If the taxpayer has received delinquencies notice on or before October 1, 2011 for a particular tax period, that amount is not eligible for tax amnesty.
  • Criminal investigation. Taxpayers facing criminal investigation are not eligible for tax amnesty.
  • International Fuel Tax Agreement (IFTA) taxes are NOT eligible for amnesty
  • Delinquent 2010 Colorado income tax returns which were due April 18, 2011

If a taxpayer has an eligible tax return, a payment plan may be set up. However, the full amount of the tax and half of any interest due must be paid no later than Dec. 31, 2011.  No supplemental application or documentation is required to be considered for amnesty. The department will consider for amnesty any eligible return filed during the amnesty period. However, an amended Colorado tax return will require a special application in order to be considered for amnesty.

For Further Information:

Colorado Tax Amnesty Program

Colorado Department of Revenue