The payments will be considered sales tax , rather than income tax refunds, although the 1997 income tax forms will be used as the mechanism to claim the credit. Following are some basic questions and answers regarding the process. 1997 full-year residents under 18 who are obliged to file a Colorado return. Yes, for those who did not file a 1996 Colorado return. Minors who are not required to file income tax returns, part-year residents, nonresidents, businesses and corporations.
Amount is based on federal adjusted gross income.
Each person is entitled to a refund, so married filing jointly should claim for husband and wife. Do not file one return for the refund and another for Colorado income tax. Those filing only for the sales tax refund should use the 104A short form. No forms will be processed before Jan. 2, 1998. PTC rebate recipients must file a separate Colorado income tax return to receive the refund.