Percentage tax Amount of gross income on gross income First $11,000,000 No tax Amount exceeding $11,000,000 2.25%
Percentage tax Amount of gross income on gross income First $19,000,000 No tax Amount exceeding $19,000,000 2.25%
Source: L. 77: Entire article added, p. 1845, § 1, effective January 1, 1978. L. 99: (1) amended, p. 925, § 2, effective May 24. L. 2008: IP(1) amended, p. 1679, § 2, effective August 5.
Cross references: For the legislative declaration contained in the 1999 act amending subsection (1), see section 1 of chapter 235, Session Laws of Colorado 1999.
Structure Colorado Code
§ 39-29-101. Legislative Declaration
§ 39-29-103. Tax on Severance of Metallic Minerals
§ 39-29-104. Tax on Severance of Molybdenum Ore
§ 39-29-105. Tax on Severance of Oil and Gas
§ 39-29-106. Tax on the Severance of Coal
§ 39-29-107. Tax on Severance of Oil Shale
§ 39-29-107.5. Credit Allowed for Prior Payment of Impact Assistance
§ 39-29-108. Allocation of Severance Tax Revenues - Definitions - Repeal
§ 39-29-110. Local Government Severance Tax Fund - Creation - Administration - Definitions - Repeal
§ 39-29-111. Withholding of Income From Oil and Gas Interest - Definition
§ 39-29-112. Procedures and Reports
§ 39-29-113. Exemption Prohibited - When
§ 39-29-114. Component Members of a Controlled Group Treated as One Taxpayer