Colorado Code
Part 1 - General
§ 39-22-120. Legislative Declaration - State Sales Tax Refund - Offset Against State Income Tax

(I) A natural person who is domiciled in this state for the entire taxable year commencing on January 1, 1998, and ending December 31, 1998, and who is required to file a Colorado individual income tax return for that tax year pursuant to section 39-22-601 (1)(a) or who files a Colorado individual income tax return to claim a refund of Colorado income tax withheld from wages for that tax year; or
(II) Any natural person who is domiciled in this state for the entire taxable year commencing on January 1, 1998, and ending December 31, 1998, and who is at least eighteen years of age as of December 31, 1997; or
(III) A natural person who died during the taxable year commencing on January 1, 1998, and ending December 31, 1998, who was domiciled in this state from January 1, 1998, until the date of death, and whose estate or spouse is required to file a Colorado individual income tax return for that tax year pursuant to section 39-22-601 (1)(a) or whose estate or spouse files a Colorado income tax return to claim a refund of Colorado income tax withheld from wages for that tax year; or
(IV) A natural person who died during the taxable year commencing on January 1, 1998, and ending December 31, 1998, who was domiciled in this state from January 1, 1998, until the date of death, and who was at least eighteen years of age as of December 31, 1997.

Source: L. 97, 1st Ex. Sess.: Entire section added, p. 1, § 1, effective October 22. L. 98, 2nd Ex. Sess.: (1)(b), (1)(e), (1)(f), (1)(e), and (2) to (7) amended and (8) to (11) added, p. 1, § 1, effective September 16. L. 99: (5.5) added, p. 1364, § 1, effective June 3. L. 2002: (10) amended, p. 1557, § 350, effective October 1. L. 2004: (10) amended, p. 1209, § 89, effective August 4. L. 2007: (5.5)(c) amended, p. 2049, § 95, effective June 1.
Editor's note: This section was enacted at the first extraordinary session of the sixty-first general assembly in 1997 to provide a method of refunding revenues in excess of the state fiscal year spending limitation for the 1996-97 state fiscal year as required by section 20 of article X of the state constitution (TABOR). It establishes a one-time sales tax refund credit against state individual income tax to qualified individuals.
Cross references: For the legislative declaration contained in the 2002 act amending subsection (10), see section 1 of chapter 318, Session Laws of Colorado 2002.