Colo. Code Regs. 39-21-109
Current through Register Vol. 47, No. 23, December 10, 2024
Basis and Purpose. The statutory bases for this rule are sections 39-21-109(1.5) and 39-21-112(1), C.R.S. The purpose of this rule is to clarify that a check returned to the Department of Revenue without payment does not constitute a payment sufficient to qualify for the 3% interest discount authorized by section 39-21-109(1.5), C.R.S.
A check that is returned to the Department of Revenue without payment because of insufficient funds, a closed account, a stop payment order on the check, or for any other reason does not constitute a payment sufficient to qualify for the partial waiver of interest authorized by section 39-21-109(1.5), C.R.S.
39-21-109