HB 13-1009 Summary

• Amends Colorado Revised Statutes 39-26-703 to specify refund application deadlines for overpaid state sales and use taxes
• Establishes a three-year deadline for sales tax refunds and use tax refunds collected by a vendor, running from the twentieth day of the month following the date of purchase
• Establishes a three-year deadline for all other use tax refunds, running from the twentieth day of the month following the initial date of storage, use, or consumption in the state
• Takes effect at 12:01 a.m. on the day following the ninety-day period after final adjournment of the general assembly (August 7, 2013, if adjournment occurred May 8, 2013)
• Subject to referendum petition; if filed within the ninety-day period, the act would require approval by voters at the November 2014 general election to take effect