Severance Tax Deadline Extension

The filing deadline for certain severance tax returns and declarations has been extended 30 days, to May 15, 2020. The extension applies to annual severance tax returns for tax years ending December 31, 2019. The deadline for paying the tax due without penalty and interest is now May 15, 2020.  Taxpayers may continue to take advantage of the automatic 6-month filing extension and delay filing their returns until October 15, 2020 without penalty if the tax is paid by May 15.

The deadline for making estimated payments otherwise due April 15, 2020 has also been extended to May 15, 2020. Quarterly declaration forms reporting on the severance tax of all molybdenum ore in Colorado for the first quarter of 2020 are now due on or before May 15, 2020, as well.

Oil and gas withholding payments are not impacted by this extension. April withholding payments for oil and gas will be due on or before April 15, 2020. Visit the Oil and Gas Withholding web page for more information regarding these payments. 

Review Executive Order # D 2020-033 on the Governor’s website for more information about the severance tax deadline extension. See also C.R.S. §§ 39-29-112(1) and (2), and C.R.S. § 39-29-104(2) in the Colorado Revised Statutes.