Colorado § 39-28.8-305 - Distribution of tax collected.
Full text of Colorado Colorado Revised Statutes § 39-28.8-305 — Distribution of tax collected., with citation guidance and answers to common questions.
§ 39-28.8-305. Distribution of tax collected.
(1) All money received and collected in payment of the tax imposed by this part 3 shall be transmitted to the state treasurer, who shall distribute the money as follows:
(a) (I) (Deleted by amendment, L. 2019.)
(II) Repealed.
(III) For the state fiscal year commencing July 1, 2019, and for each state fiscal year thereafter except for the state fiscal year commencing July 1, 2020, all of the money received and collected annually shall be transferred to the public school capital construction assistance fund created by article 43.7 of title 22 or to any successor fund dedicated to a similar purpose.
(IV) For the state fiscal year commencing July 1, 2020, the lesser of the first forty million dollars received and collected or all of the money received and collected shall be transferred to the public school capital construction assistance fund created by article 43.7 of title 22 or to any successor fund dedicated to a similar purpose and the remainder of the money received and collected shall be transferred to the state public school fund created in section 22-54-114 (1).
(b) Repealed.
Source: L. 2013: Entire article added, (HB 13-1318), ch. 330, p. 1873, § 1, effective May 28. L. 2014: (1)(b) amended, (SB 14-215), ch. 352, p. 1616, § 9, effective July 1. L. 2015: (1)(b) amended, (HB 15-1367), ch. 271, p. 1068, § 6, effective June 4. L. 2018: Entire section amended, (HB 18-1070), ch. 322, p. 1930, § 2, effective May 30. L. 2019: Entire section amended, (HB 19-1055), ch. 246, p. 2406, § 5, effective May 21. L. 2020: (1)(a)(III) amended and (1)(a)(IV) added, (HB 20-1418), ch. 197, p. 942, § 7, effective June 30.
Editor's note: Subsections (1)(a)(II)(B) and (1)(b)(II) provided for the repeal of subsections (1)(a)(II) and (1)(b), respectively, effective July 1, 2020. (See L. 2019, p. 2406.)
Cross references: (1) For the legislative declaration in HB 15-1367, see section 1 of chapter 271, Session Laws of Colorado 2015.
(2) For the legislative declaration in HB 20-1418, see section 1 of chapter 197, Session Laws of Colorado 2020.
Source: official Colorado text · Last verified 2026-08-27
Frequently Asked Questions About Colorado § 39-28.8-305
What does Colorado Revised Statutes § 39-28.8-305 cover?
Section 39-28.8-305 ("Distribution of tax collected.") 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 § 39-28.8-305?
A common citation format is "Colorado Revised Statutes § 39-28.8-305" (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 § 39-28.8-305 apply to my situation?
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Sources & Verification
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