Colorado Code
Article 29 - Severance Tax
§ 39-29-107. Tax on Severance of Oil Shale



(3.1) The calculation of the daily production subject to the tax and to the exemption in subsection (3) of this section shall be determined by dividing the total production of a calendar month by the total number of days in such month.


Year Fraction of tax imposed by subsection (1) First year 1/4 Second year 1/2 Third year 3/4 Fourth and each succeeding year Entire rate imposed by subsection (1)
Source: L. 77: Entire article added, p. 1847, § 1, effective January 1, 1978. L. 82: (2) amended and (3.1) added, p. 576, § 2, effective April 2; (4) repealed, p. 580, § 1, effective July 1. L. 2004: (1) amended, p. 1211, § 97, effective August 4.