CO SB166

Creates Article 24.7 in Colorado law establishing tax liens for transportation fuel distributors on retailer and commercial user property for unreimbursed gasoline and special fuel taxes paid under Article 27 of Title 39.

Distributors may file a lien within 60 days of fuel delivery or agreed-upon payment date by serving a statement on the retailer and recording it with the county clerk, containing the amount due, tax description, and property details.

Liens extend to all business assets and property of the retailer or commercial user, including inventory, fixtures, and equipment, and remain in effect as long as payment delinquency continues.

Liens are subordinate to mortgages, security interests, and other valid liens that attached or were filed before the distributor's lien; foreclosure actions must be commenced within 24 months or the lien becomes null and void.

Lienors must acknowledge satisfaction and discharge liens within 30 days of request or face liability for damages and court costs; minor errors in the lien statement do not invalidate the lien.