CO HB1304

Extends the period for assessing income taxes when a taxpayer's assets are in court control or custody, or when bankruptcy proceedings are ongoing, plus an additional six months after such periods end.

Authorizes the Department of Revenue to sell delinquent taxpayers' motor vehicles and clarifies that certificate of sale grants title free and clear of junior liens and voids previously issued titles.

Grants district courts jurisdiction to issue warrants, writs of entry, and other orders necessary for collection of taxes, interest, and penalties in addition to other available remedies.

Requires banks, financial institutions, and employers to surrender deposits or wages within 21 days of levy, with wage levies capped at 25 percent of disposable earnings and continuing until the department releases the levy.

Establishes liability for persons who fail to surrender property or rights subject to levy, with penalties equal to the property value up to the tax liability amount, and discharges surrendering parties from taxpayer obligations.