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If the credit exceeds the amount of tax for the period, the excess credit can be claimed and refunded from the period in which the tax was incurred. A Claim for Refund (DR 0137) must be submitted, along with supporting documentation, to request a refund.
In addition, the department shall give credit for taxes paid on tobacco products that are bad debts. The credit is prohibited unless the bad debt has been charged off as uncollectible on the books of the wholesaler. The wholesaler will be required to repay the credit if payment is received for the bad debt subsequent to receiving the credit. A distributor must amend their Tobacco Products tax return for the period where the bad debt occurred, and form DR 0137 must be submitted for a refund to be issued.
Overpayment on tax from prior periods require an amended tobacco products tax return to be amended, and form DR 0137 be submitted with supporting documentation.
Send the Claim for Refund, along with supporting documentation via web message through your Revenue Online account, or mail to:
Colorado Department of Revenue
Excise Tax Accounting Section, Room 237
PO Box 17087
Denver, CO 80217-0087