Dr 0026 Form PDF Details

Navigating the complexities of leasing and selling motor vehicles in Colorado requires a solid understanding of the appropriate tax documents, one of which is the DR 0026 form issued by the Colorado Department of Revenue. This particular form serves as a critical document for auto dealers engaging in the sale of leased motor vehicles. Rather than using the standard Sales Tax Receipt for Vehicle Sales (DR 0024), dealers are obliged to prepare the DR 0026 form when a sale to a lessor takes place and they do not collect sales tax upfront because it will instead be collected on the lease payments. It’s essential for dealers to accurately report any taxes due, including those collected at the time of signing and delivery of the vehicle. Moreover, this form needs to be submitted to the county clerk in the county where the vehicle will be registered, highlighting its role in the registration and titling process. The form itself encompasses various parts, including details about the vehicle, as well as lessee, lessor, and dealer information, alongside specifics on the sales tax due at the time of signing and delivery, plus any sales or use tax applicable for home rule cities. Understanding and completing the DR 0026 form correctly ensure compliance with state regulations and aids in the smooth processing of leased vehicle transactions.

QuestionAnswer
Form NameDr 0026 Form
Form Length1 pages
Fillable?No
Fillable fields0
Avg. time to fill out15 sec
Other namesscfd, dr 0026, lessor, dr0026 form

Form Preview Example

DR 0026 (10/24/19)

COLORADO DEPARTMENT OF REVENUE

Sales Tax Accounting Section

Denver CO 80261-0009

(303)238-SERV (7378) Colorado.gov/Tax

Tax Statement for

Leased Motor Vehicle

In lieu of Standard Sales Tax Receipt for Vehicle Sales (DR 0024), auto dealers must prepare a Tax Statement for Leased Motor Vehicle (DR 0026) for any motor vehicle they sell to a lessor, if the dealer does not collect tax on the sale because the lessor will collect sales tax on the lease payments. Dealers must also report on this form any tax due and collected on any amount paid by the lessee to the dealer at the time of signing

and delivery. Dealers must submit this completed form to the county clerk for the county in which the vehicle will be registered.

Please see the instructions accompanying this form and Department publications Sales & Use Tax Topics: Motor Vehicles and Sales & Use Tax Topics: Leases for additional guidance in completing this form.

This statement must be presented to the county clerk before title and/or registration can be issued.

Part 1. Vehicle Information

Model Year

Make

Model

Vehicle Identification Number

 

 

 

 

Part 2. Lessee Information

Name of Lessee

Address of Lessee

Name of Driver

Address of Driver

Part 3. Lessor Information

Name of Lessor

Address of Lessor

Name of Delivery Agent

Address of Delivery Agent

 

 

Date of Lease

Dealer Number

Lessor Colorado Sales Tax Account Number

Lessor City Sales Tax Account Number (if applicable)

Part 4. Sales Tax on Amount Paid at Signing and Delivery

Amount Paid at

$

Tax Rate

Tax Remitted with DR 0100

Tax Remitted with DR 0026

Signing and Delivery:

 

 

 

State

 

 

 

 

 

 

2.9%

$

$

 

 

 

 

 

RTD/SCFD Name

 

 

 

 

 

 

%

$

$

 

 

 

 

Statutory City Name (if applicable)

 

 

 

 

 

%

$

$

 

 

 

 

 

Special District Name

 

 

 

 

 

 

%

$

$

 

 

 

 

 

County Name

 

 

 

 

 

 

%

$

$

 

 

 

 

 

Colorado Sales Tax Account Number for Tax Remitted

 

 

with DR 0100:

 

 

 

 

Part 5. Sales/Use Tax Payment for Home Rule City (if applicable)

 

Home Rule City Name (if applicable)

Tax Rate

Tax Remitted to City

Tax Remitted with DR 0026

 

 

 

 

 

 

 

Taxable Amount:

$

%

 

$

 

 

 

 

 

Number of Months Lease is to Run:

 

 

 

 

 

 

 

Part 6. Total Amount Due with DR 0026

 

 

 

Sum of amounts in Parts 4 and 5 under "Tax Remitted with DR 0026"

$

 

 

 

 

 

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Part number 1 for filling in colorado dr0026

2. The third part would be to submit the following fields: Part Sales Tax on Amount Paid at, Tax Rate, Tax Remitted with DR Tax Remitted, RTDSCFD Name, Statutory City Name if applicable, Special District Name, County Name, Colorado Sales Tax Account Number, Tax Rate, Tax Remitted to City, Tax Remitted with DR, Taxable Amount, Number of Months Lease is to Run, Part Total Amount Due with DR, and Sum of amounts in Parts and.

Taxable Amount, Tax Remitted to City, and Special District Name of colorado dr0026

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