SB16-036 Summary

• Taxpayers appealing state or local tax determinations to district court must file a surety bond within 15 days equal to twice the contested taxes, interest, and charges, or satisfy the requirement through alternative means (savings account, certificate of deposit, or cash deposit with revenue department).

• Taxpayers may deposit the disputed amount with the executive director instead of posting a bond, which stops interest accrual on the deficiency during the appeal and requires no separate claim for refund of deposited funds.

• Previously posted bonds, deposits, or payments for district court appeals remain in effect for subsequent appeals to supreme or appellate court without requiring additional postings.

• Venue for tax appeals is in the district court of the county where the taxpayer resides or has a principal place of business, or in Denver district court if the taxpayer has neither within Colorado.

• Appropriates $100,000 each to the Department of Revenue and Department of Law for the 2016-17 fiscal year to implement the act through legal services.