{"data":{"id":"us-co/c.r.s.-24-36-402","jurisdiction":"us-co","citation":"C.R.S. § 24-36-402","heading":"Definitions.","body":"As used in this part 4, unless the context otherwise requires:\n\n(1) \"Department\" means the department of the treasury.\n\n(2) \"Division of insurance\" means the division of insurance in the department of regulatory agencies created in section 10-1-103.\n\n(3) \"Premium tax liability\" means the liability imposed by section 10-3-209 or 10-6-128, or, in the case of a repeal or reduction by the state of the liability imposed by section 10-3-209 or 10-6-128, any other tax liability imposed upon an insurance company by the state.\n\n(4) (a) \"Qualified taxpayer\" means:\n\n(I) An insurance company authorized to do business in Colorado that has premium tax liability owing to the state and that purchases a tax credit under this part 4; or\n\n(II) An entity, other than an insurance company, authorized to do business in Colorado that contracts with the department to purchase a tax credit that remains unsold following the application process for insurance companies conducted by the department pursuant to section 24-36-403.\n\n(b) \"Qualified taxpayer\" also includes an insurance company that receives or assumes a tax credit transferred in accordance with section 24-36-403 (7)(e) or 24-36-404 (5).\n\n(5) \"Tax credit\" means the tax credit created in section 24-36-403.\n\n(6) \"Tax credit sale proceeds\" or \"sale proceeds\" means the money or other liquid asset acceptable to the state treasurer that a qualified taxpayer pays to the department that is deposited as specified in section 24-36-406.","path":["Title 24 - GOVERNMENT - STATE","Article 36 - Department of the Treasury","Part 4 - SALE OF INSURANCE PREMIUM TAX CREDITS"],"source_url":"https://olls.info/crs/crs2026-title-24.htm","current_through":"Colorado Revised Statutes 2026","vintage":"","retrieved_at":"2026-09-14T18:37:45Z","sha256":"16a61fa0cf0eff2f392c95c1e42fa887461545ab8c78217148a703750315708b","source_id":"us-co","stale":false,"prev":"us-co/c.r.s.-24-36-401","next":"us-co/c.r.s.-24-36-403"},"notice":"GroundRules: Original legal text. Not legal advice."}