CO SB194

Adds identity theft and refund-related fraud as an exception to Colorado's statutory income tax refund deadlines under C.R.S. 39-22-622(4)(a).

Allows the Department of Revenue to delay refund payments when there is suspicion of identity theft or other refund-related fraud, in addition to existing exceptions for audits, mathematical errors, equipment failures, and certain tax credits.

Requires the Department of Revenue to make good faith determinations regarding whether any exceptions to refund deadlines apply.

Applies to income tax returns filed on or after the effective date of the act.

Declared necessary for immediate preservation of public peace, health, and safety under the safety clause provision.