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Colorado Revised Statutes Title 39 — Taxation

C.R.S. § 39-26-402

Refund of state sales and use tax for biotechnology - application requirements and procedures

Official textolls.infolast amended

# (1)

For the calendar year commencing January 1, 1999, and for each calendar year thereafter prior to January 1, 2027, each qualified biotechnology taxpayer shall be allowed to claim a refund of all state sales and use tax paid by the qualified biotechnology taxpayer, pursuant to parts 1 and 2 of this article 26, on the sale, storage, use, or consumption of tangible personal property to be used in Colorado directly and predominately in research and development of biotechnology during that calendar year.

# (2)

To claim the refund allowed by subsection (1) of this section, a qualified biotechnology taxpayer shall submit a refund application to the department of revenue on a form provided by the department. Such application shall be submitted no earlier than January 1 and no later than April 1 of the calendar year following the calendar year for which the refund is claimed. The application shall be accompanied by proof of payment of state sales and use taxes paid by the qualified biotechnology taxpayer in the immediately preceding calendar year. The application shall also include any additional information that the department of revenue may require by rule, which may include, without limitation, a detailed list of all expenditures that support a claim for a refund, the name and addresses of an individual who maintains records of such expenditures, and a statement that the qualified biotechnology taxpayer agrees to furnish records of all such expenditures to the department of revenue upon request. No refund shall be allowed if the qualified biotechnology taxpayer has not complied with this subsection (2). Source: L. 99: Entire part added, p. 610, § 2, effective May 17. L. 2000: (2) amended, p. 1869, § 99, effective August 2. L. 2009: Entire part amended, (HB 09-1035), ch. 371, p. 2012, § 1, effective August 5. L. 2024: (1) amended, (HB 24-1036), ch. 373, p. 2530, § 19, effective August 7. L. 2025: (1) amended, (SB 25-026), ch. 362, p. 1966, § 10, effective August 6. Cross references: For the legislative declaration in HB 24-1036, see section 1 of chapter 373, Session Laws of Colorado 2024. 39-26-403. Refund of state sales and use tax for medical technology and clean technology - application requirements and procedures - legislative declaration - repeal. (Repealed) Source: L. 2009: Entire part and (3)(b) amended, (HB 09-1035), ch. 371, pp. 2013, 2014, §§ 1, 2, effective August 5. L. 2015: Entire section RC&RE, (HB 15-1180), ch. 227, p. 846, § 2, effective August 5. Editor's note: Subsection (4) provided for the repeal of this section, effective January 1, 2019. (See L. 2015, p. 846.)

Amendment history

L. 99: Entire part added, p. 610, § 2, effective May 17. L. 2000: (2) amended, p. 1869, § 99, effective August 2. L. 2009: Entire part amended, (HB 09-1035), ch. 371, p. 2012, § 1, effective August 5. L. 2024: (1) amended, (HB 24-1036), ch. 373, p. 2530, § 19, effective August 7. L. 2025: (1) amended, (SB 25-026), ch. 362, p. 1966, § 10, effective August 6.

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In this article (40 sections)
  1. 39-26-124 · Applicability to banks
  2. 39-26-125 · Limitations
  3. 39-26-126 · Legislative finding as to revenues for old age pension fund
  4. 39-26-127 · Legislation modifying the state sales tax base - no impact…
  5. 39-26-128 · Uniform sales and use tax base - definition
  6. 39-26-129 · Refund for property used in rural broadband service -…
  7. 39-26-201 · Definitions
  8. 39-26-202 · Authorization of tax
  9. 39-26-204 · Periodic return - collection
  10. 39-26-204.5 · Remittance of tax - electronic database - retailer held…
  11. 39-26-204.6 · Remittance of tax - determination of address - motor…
  12. 39-26-205 · Tax constitutes lien - exemption from lien
  13. 39-26-206 · Failure to make return
  14. 39-26-207 · Penalty interest on unpaid tax
  15. 39-26-208 · Collection of use tax - motor vehicles
  16. 39-26-209 · Rules and regulations
  17. 39-26-210 · Limitations
  18. 39-26-211 · Applicability to banks
  19. 39-26-212 · Legislation modifying the state use tax base - no impact on…
  20. 39-26-401 · Definitions
  21. 39-26-402 · Refund of state sales and use tax for biotechnology -…
  22. 39-26-404 · Repeal of part
  23. 39-26-701 · Definitions
  24. 39-26-702 · Department of revenue - rules
  25. 39-26-703 · Disputes and refunds - repeal
  26. 39-26-704 · Miscellaneous sales tax exemptions - governmental entities…
  27. 39-26-705 · Miscellaneous use tax exemptions - printers ink and…
  28. 39-26-706 · Miscellaneous sales and use tax exemptions - internet…
  29. 39-26-707 · Food, meals, beverages, and packaging - definitions
  30. 39-26-708 · Construction and building materials - legislative…
  31. 39-26-709 · Machinery and machine tools - definitions
  32. 39-26-710 · Railroads - construction and building materials - tangible…
  33. 39-26-711 · Aircraft - tangible personal property
  34. 39-26-711.5 · Aircraft - use outside state
  35. 39-26-711.8 · Aircraft - use outside state - on-demand air carriers
  36. 39-26-711.9 · Historic aircraft on loan for public display - definition
  37. 39-26-712 · Trailers and trucks
  38. 39-26-713 · Tangible personal property
  39. 39-26-714 · Vending machines - definitions
  40. 39-26-715 · Fuel and oil - definitions
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