C.R.S. § 39-28-103: Tax levied.

(1) (a) Prior to January 1, 2021, there is levied and shall be collected and paid to the department a tax upon the sale of cigarettes by wholesalers of ten mills on each cigarette.

(b) A tax is levied upon the sale of cigarettes by wholesalers, excluding cigarettes that are modified risk tobacco products, that is equal to:

(I) Six and one-half cents per cigarette for sales on and after January 1, 2021, but prior to July 1, 2024;

(II) Eight cents per cigarette for sales on and after July 1, 2024, but prior to July 1, 2027; and

(III) Ten cents per cigarette for sales on and after July 1, 2027.

(c) A tax is levied on the sale of cigarettes that are modified risk tobacco products that is equal to:

(I) Three and one-quarter cents per cigarette for sales on and after January 1, 2021, but prior to July 1, 2024;

(II) Four cents per cigarette for sales on and after July 1, 2024, but prior to July 1, 2027; and

(III) Five cents per cigarette for sales on and after July 1, 2027.

(d) The wholesaler shall pay the tax set forth in this section to the department, which shall collect the tax.

(2) Repealed.