Fillable Form Dr 0229 - Tobacco Products Tax Return printable pdf download

DR 0229 (06/08/12) WEB

COLORADO DEPARTMENT OF REVENUE

DENVER CO 80261-0009

TOBACCO PRODUCTS TAX RETURN

INSTRUCTIONS

Who must file. This return must be filed by all Tobacco Products

Line 8 Taxable credit amount Add lines 5, 6 and 7..

distributors doing business in Colorado (Section 13, Title 39, Article

Line 9 Total credit claimed Line 8 multiplied by 40% (.40).

28.5 C.R.S.) A return must be filed, even if no tax is due.

Line 10 Total tax due Line 4 minus line 9.

Round amounts to the nearest dollar.

Line 11 Service fee allowed vendor If EFT payment is received by

Line 1 Total gross purchases. Enter the total amount of

due date and return is filed by due date. Multiply line 10 by 1.655%

taxable items for reporting period at manufacturer’s list price.

(.01655).

“Manufacturer’s list price” means the invoice price for which a

Line 12 Net tax due Line 10 minus line 11.

manufacturer or supplier sells a tobacco product to a distributor

exclusive of any discount or other reduction.

Line 13 Penalty computed at 10% (.10) of tax due plus interest of 1/2

of 1% per month (.005 per month) from date when due, aggregate

Line 2 Exempt sales Exempt sales apply only to tobacco products

not to exceed 18%.

which, under the constitution and laws of the United States, may not

be made the subject of taxation by this state.

Line 14 Interest percentage is per month imposed under

§39-21-110.5 C.R.S.

Line 3 Taxable amount Line 1 minus line 2.

Line 15 AMOUNT OWED Add lines 12, 13 and 14. Payment by EFT

Line 4 Tax Line 3 multiplied by 40% (.40).

is required. If you pay by check, your payment may be returned and

Line 5 Enter amounts representing merchandise actually shipped

the service fee will be denied.

from Colorado to retailers in another state as shown in your records.

MAIL TO:

Line 6 Enter items returned to the manufacturer and for which you

COLORADO DEPARTMENT OF REVENUE

have credit memos in your files.

DENVER, CO 80261-0009

Line 7 Enter only items included on prior returns that were

destroyed by distributor. Deductions will not be allowed unless a

copy of manufacturer’s credit memo is in your files.

Photocopy for your records.

Cut here and send only the coupon below. Help us save time and your tax dollars.

DR 0229 (01/30/12) WEB

TOBACCO PRODUCTS

COLORADO DEPARTMENT OF REVENUE

0229-100

RETURN THIS COPY

TAX RETURN

●

Account Number

Period

Due Date

1. Total gross purchases

(Manufacturer’s list price)

●

2. Exempt sales

FEIN/SSN

●

3. Taxable amount (line 1 minus line 2)

●

4. Tax - line 3 multiplied by 40% (.40)

Signed under penalty of perjury in the second degree.

●

5. Shipped to retailers

Signature

Date

Phone

outside Colorado

(

)

●

□

●

6. Returned to manufacturer

Check here if this is an Amended Return .....................................................................

●

7. Destroyed by distributor

Payment is required by EFT. Mail return to: Colorado Department of Revenue, Denver, CO 80261-

8. Total credits (add lines 5,

0009

6 and 7)

●

9. Total credit claimed (line 8

multiplied by 40% (.40)

●

10. Total tax due (line 4 minus line 9)

●

11. Service fee allowed vendor

1.665% (.01665) of line 10,

only if paid by EFT on or before due date

●

12. Net tax due (line 10 minus line 11)

●

13. Penalty

The State may convert your check to a one-time electronic banking transaction. Your bank account may be

●

debited as early as the same day received by the State. If converted, your check will not be returned. If your check

14. Interest

is rejected due to insufficient or uncollected funds, the Department of Revenue may collect the payment amount

●

directly from your bank account electronically.

15. AMOUNT OWED (add lines 12,

.00

(Do not write in space below)

13 and 14)

PAID BY EFT

Form Dr 0229 - Tobacco Products Tax Return

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