NOTE:  This bill has been prepared for the signature of the appropriate legislative
officers and the Governor.  To determine whether the Governor has signed the bill
or taken other action on it, please consult the legislative status sheet, the legislative
      history, or the Session Laws.
      
      
      HOUSE BILL 11-1260
      
      
      BY REPRESENTATIVE(S) DelGrosso, Fields, Kerr J., Labuda, Looper,
      Schafer S., Todd;
      also SENATOR(S) Jahn, King S.
      
      
      Concerning the due date for tax installment payments when the
           due date falls on a legal federal holiday.
      
      
      Be it enacted by the General Assembly of the State of Colorado:
      
           SECTION 1.  39-22-605 (5) (b), Colorado Revised Statutes, is
      amended, and the said 39-22-605 (5) is further amended BY THE
      ADDITION OF A NEW PARAGRAPH, to read:
      
           39-22-605.  Failure by individual to pay estimated income tax.
      (5)  For purposes of this section:
      
           (b)  Except as provided in paragraph (c) of this subsection (5),
      in the case of the following required installments, the due date shall be as
      follows:
      
           Installment         Due date
                1st       April 15
                2nd       June 15
                3rd       September 15
                4th       January 15 of the following taxable year
      
           (c)  If the due date of any installment payment required
      pursuant to this section falls on a legal federal holiday, then the
      due date shall be delayed and due on the adjusted federal due
      date.
      
           SECTION 2.  39-22-606 (4) (b), Colorado Revised Statutes, is
      amended to read:
      
           39-22-606.  Failure by corporation to pay estimated income tax.
      (4) (b) (I)  If the due date of any installment payment required
      pursuant to this section falls on a legal federal holiday, then the
      due date shall be delayed and due on the adjusted federal due
      date.
      
           (II)  On and after July 1, 2007, for purposes of this section, there
      shall be twelve installments for the tax imposed pursuant to section
      39-29-105 for each taxable year.  The due date for such installments shall
      be the fifteenth day of each month, and the installments shall be paid
      electronically.  The department of revenue shall promulgate rules in
      accordance with article 4 of title 24, C.R.S., governing electronic payment.
      
           SECTION 3.  Applicability.  This act shall apply to tax installment
      payments due on or after the effective date of this act.
      
           SECTION 4.  Safety clause.  The general assembly hereby finds,
      determines, and declares that this act is necessary for the immediate
      preservation of the public peace, health, and safety.
      
      
      
      
      ________________________________________________________
      Frank McNulty                      Brandon C. Shaffer
      SPEAKER OF THE HOUSE                     PRESIDENT OF
      OF REPRESENTATIVES                         THE SENATE
      
      
      
      
      
      
      ____________________________  ____________________________
      Marilyn Eddins                      Cindi L. Markwell
      CHIEF CLERK OF THE HOUSE                 SECRETARY OF
      OF REPRESENTATIVES                         THE SENATE
      
      
      
      
                  APPROVED________________________________________
      
      
      
      
      
                                    _________________________________________
                                    John W. Hickenlooper
                                    GOVERNOR OF THE STATE OF COLORADO