Colorado § 10-5-111.5 - Allocation of premium tax.
Full text of Colorado Colorado Revised Statutes § 10-5-111.5 — Allocation of premium tax., with citation guidance and answers to common questions.
§ 10-5-111.5. Allocation of premium tax.
(1) In determining the amount of tax payable to Colorado, the entire amount of tax payable at a rate of three percent on the net premiums is presumed to be owed to Colorado; except that, for those multistate risks involving states that have entered into either a compact or a tax-sharing agreement with Colorado to share the tax, the premium tax rate and the amounts allocated to the other states are subject to determination according to the terms of the compact or agreement.
(2) The commissioner may participate in tax-sharing agreements to collect and disburse funds in accordance with subsection (1) of this section, if the purposes of the tax-sharing agreement are limited to:
(a) Facilitating the payment and allocation of premium taxes on nonadmitted insurance for multistate risks among states participating in the agreement;
(b) Adopting uniform requirements, forms, and procedures that facilitate the reporting, payment, collection, and allocation of premium taxes for nonadmitted insurance for multistate risks;
(c) Coordinating the reporting of premium taxes and transaction data of multistate risks among the states participating in the agreement; and
(d) Establishing a mechanism to facilitate the receipt and distribution of premium taxes and transaction data related to nonadmitted insurance of multistate risks.
Source: L. 2012: Entire section added, (HB 12-1215), ch. 104, p. 353, § 5, effective August 8.
Source: official Colorado text · Last verified 2026-08-27
Frequently Asked Questions About Colorado § 10-5-111.5
What does Colorado Revised Statutes § 10-5-111.5 cover?
Section 10-5-111.5 ("Allocation of premium tax.") is part of the Colorado Revised Statutes, the codified statutory law of Colorado. It sets out the legal rule or procedure described in the text above. Statutes are amended regularly, so always verify against the official source.
How do I cite Colorado § 10-5-111.5?
A common citation format is "Colorado Revised Statutes § 10-5-111.5" (Colorado). Legal writing may require the code abbreviation, section number, and year or edition. Match the style required by your court, professor, or publisher.
Is this the official text of Colorado law?
No. This page is for research and education and may not include the most recent amendments. For official current law, check the Colorado official source linked on this page or consult a licensed Colorado attorney.
How does Colorado § 10-5-111.5 apply to my situation?
Statutes are interpreted in context, and application depends on your specific facts. Only a licensed attorney in Colorado can advise on how this section applies to you. Contact your state or local bar association for a referral.
Sources & Verification
Not legal advice. Verify against the official source and consult a licensed attorney in Colorado.