C.R.S. § 39-28.5-102.5 — Tax levied - state constitution

Pursuant to section 21 of article X of the state constitution, there is levied, in addition to the tax levied pursuant to section 39-28.5-102, a tax on the sale, use, consumption, handling, or distribution of tobacco products by distributors and remote retail sellers, at a rate of twenty percent of the manufacturer's list price. The tax shall be paid to and collected by the department. The tax shall be imposed in the same manner as the tax described in section 39-28.5-102. Source: L. 2005: Entire section added, p. 910, § 9, effective June 2; entire section added, p. 925, § 10, effective June 2. L. 2023: Entire section amended, (HB 23-1015), ch. 142, p. 608, § 3, effective January 1, 2024. Cross references: For the legislative declaration contained in the 2005 act enacting this section, see section 1 of chapter 241, Session Laws of Colorado 2005.