Form Dr 21-P - Corporation Estimated Colorado Severance Tax
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4DR 21-P (10/97)
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COLORADO DEPARTMENT OF REVENUE
1375 SHERMAN STREET
DENVER CO 80261-0005
(303) 232-2446
Corporation Estimated
Colorado SEVERANCE Tax
54
For Calendar year ________
or fiscal tax year beginning ________________________ , ending ________________________
DO NOT WRITE IN THIS SPACE
Colorado Account # or Social Security #
Federal Employer Identification Number
Estimated Severance Tax Due this Quarter
Name
(31)
1. Metallic Minerals ...........................
$
(33)
Address
2. Coal ..............................................
$
(34)
3. Oil, Gas, CO
.............................
$
City
State
ZIP
2
(35)
4. Oil Shale Facility ...........................
$
PAYMENT #1
DUE DATE:
5. Credits ...................................................
$
Signature of Officer or Agent
Date
6. Payment Due — Lines 1 thru 4
(48)
Minus line 5 ..................................
$
Instructions for Corporation Estimated Colorado Severance
Corporations that must pay estimated Severance Tax. Every corporation subject to severance tax must pay estimated
severance tax if its severance tax liability for the tax year is expected to exceed its severance tax credits by $1,000 or more.
Due Dates of Payments. Estimated tax is due in four equal installments on or before the 15th day of the fourth month of
the taxable year; the 15th day of the sixth month of the taxable year; the 15th day of the ninth month of the taxable year;
and the 15th day of the twelfth month of the taxable year. The corporation may elect to prepay any installment due.
Credits. Any overpayment of severance tax from a prior year or amounts anticipated to be withheld may be claimed as
a credit to this year's estimated tax.
Example: The Black Corporation’s estimated severance tax for the calendar year is $12,800. It had a $4,300 overpayment
applied from last year and anticipates $1000 in severance withholding. Its payment schedule is as follows:
Date
Tax Due
Credit applied
Payment Due
April 15
2,950
2,950
– 0 –
June 15
2,950*
1,350
1,600
Sept 15
2,950*
– 0 –
2,950
Dec 15
2,950*
– 0 –
2,950
11,800
4,300
7,500
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