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Fix Defects Related To Severance Withholdings

Concerning the correction of statutory defects related to severance tax withholdings from a disbursement to an oil and gas interest owner.
2021 Regular Session
Fiscal Policy & Taxes
State Revenue & Budget
Bill Summary

Under current law, a producer or purchaser is required to withhold an amount from each disbursement made to an interest owner in any oil and gas produced in the state and pay this amount to the department of revenue. The act fixes defects related to this law by:

  • For purposes of electronic payments, replacing a cross-reference to a repealed subsection with a reference to the current statutory requirement;
  • Expanding the defined term "producer" to be "producer or purchaser" to eliminate a redundancy in the law; and
  • Repealing extraneous references to "oil shale" from the definition.

The act also repeals obsolete filing requirements that applied prior to July 1, 2007.

(Note: This summary applies to this bill as enacted.)


Became Law


Bill Text

  • All Versions (7 )
    Date Bill Type Documents
    05/07/2021 Signed Act PDF
    04/27/2021 Final Act PDF
    04/20/2021 Rerevised PDF
    04/19/2021 Revised PDF
    03/30/2021 Reengrossed PDF
    03/29/2021 Engrossed PDF
    03/03/2021 Introduced PDF

The effective date for bills enacted without a safety clause is August 7, 2024, if the General Assembly adjourns sine die on May 8, 2024, unless otherwise specified. Details