Beginning January 1, 1980, when taxes on oil and gas leaseholds and lands are due, such taxes shall be a debt due from the owner or the unit operator as the case may be and shall be recoverable by the treasurer by direct action in debt; except that such taxes treated as debt due from a fractional interest owner shall not exceed the amount of taxes for which the fractional owner is liable, as provided in section 39-10-106. The treasurer may also collect such debt as if the property were personal property.
Source: L. 79: Entire section added, p. 1418, § 2, effective April 25.
Structure Colorado Code
Article 7 - Valuation of Oil and Gas Leaseholds and Lands
§ 39-7-101. Statement of Owner or Operator
§ 39-7-102. Valuation for Assessment
§ 39-7-102.5. Calendar for Notice of Valuation and Appeals
§ 39-7-102.7. Notice of Valuation - Public Record
§ 39-7-103. Surface and Subsurface Equipment Valued Separately
§ 39-7-104. Failure to File Statement
§ 39-7-105. Assessor to Examine Books, Records
§ 39-7-106. False Statement - Penalty
§ 39-7-107. Oil and Gas Lands in More Than One County
§ 39-7-109. Valuation of Severed Nonproducing Oil or Gas Mineral Interests