Colorado DOR Adopts Rule on Refund Claims and Potential Penalties on Incomplete Claims

A newly adopted administrative rule reflects state law imposing a special civil penalty if a purchaser files a Colorado sales and use tax refund claim for certain tax years that is incomplete, duplicative of another claim, or lacks a reasonable basis in law or fact, providing guidance on the penalty imposed for incomplete refund claims, as well as protective refund claims for sales and use tax paid to a seller.

Source Deloitte

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