Colorado § 39-26-116 - Record of sales.
Full text of Colorado Colorado Revised Statutes § 39-26-116 — Record of sales., with citation guidance and answers to common questions.
§ 39-26-116. Record of sales.
It is the duty of every person engaging or continuing in business in this state, for the transaction of which a license is required under this part 1 to keep and preserve suitable records of all sales made by him and such other books or accounts as may be necessary to determine the amount of tax for the collection of which he is liable under this part 1. It is the duty of every such person to keep and preserve for a period of three years all invoices of goods and merchandise purchased for resale and all such books, invoices, and other records shall be open for examination at any time by the executive director of the department of revenue or his duly authorized agent.
Source: L. 35: p. 1014, § 9. CSA: C. 144, § 23. L. 37: p. 1092, § 1. L. 39: p. 503, § 1. CRS 53: § 138-6-22. C.R.S. 1963: § 138-5-22.
ANNOTATION
Applied in Montgomery Ward & Co. v. State Dept. of Rev., 628 P.2d 85 (Colo. 1981).
Source: official Colorado text · Last verified 2026-08-27
Frequently Asked Questions About Colorado § 39-26-116
What does Colorado Revised Statutes § 39-26-116 cover?
Section 39-26-116 ("Record of sales.") 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 § 39-26-116?
A common citation format is "Colorado Revised Statutes § 39-26-116" (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 § 39-26-116 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.