# C.R.S. § 39-26-103.5: 39-26-103.5. Qualified purchaser - direct payment permit number - qualifications > Colorado · Statutes · In force URL: https://www.frixlaw.com/law-library/statutes/STATE_CO_T39_A26_P1_S39-26-103.5 ## Section - **Citation:** C.R.S. § 39-26-103.5 - **Heading:** 39-26-103.5. Qualified purchaser - direct payment permit number - qualifications - **Jurisdiction:** Colorado - **Kind:** Statutes - **Status:** In force - **Text as of:** August 14, 2026 - **Source:** Compiled text - **Location:** CO Code / Title 39 / Article 26 / Part 1 / Section 39-26-103.5 ## Text 39-26-103.5. Qualified purchaser - direct payment permit number - qualifications. (1) The executive director of the department of revenue may issue a direct payment permit number to any person that submits an application to the executive director demonstrating that: (a) For the preceding twelve-month period, such person has purchased in Colorado in the aggregate at least seven million dollars of commodities, services, or tangible personal property that are subject to the tax imposed by this article. Purchases of commodities or tangible personal property to be erected upon or affixed to real property, including, but not limited to, building and construction materials and fixtures, shall be excluded from the aggregate total of purchases of commodities, services, or tangible personal property described in this paragraph (a). (b) (I) Except as provided in subsection (2) of this section, if such person has been subject to the collection, remittance, or reporting requirements imposed by this article or any other article in this title administered by the department of revenue for the preceding three years, such person timely filed the required returns and timely remitted the tax shown due on such returns during said three-year period; or (II) If such person has been subject to the collection, remittance, or reporting requirements imposed by this article or any other article in this title administered by the department of revenue for less than the three preceding years, for the period beginning on the date when such person became subject to such requirements, such person timely filed the required returns and timely remitted the tax shown due on such returns; and (c) Such person has in place an accounting system, acceptable to the executive director of the department of revenue, that will enable the department to fully and accurately collect and allocate to municipalities, counties, and other local taxing entities all sales taxes that the department collects for such municipalities, counties, and other local taxing entities. (2) The executive director may waive the requirements of paragraph (b) of subsection (1) of this section if the person submitting the application can show that any failure to comply with such collection, remittance, or reporting requirements was due to reasonable cause. (3) Nothing in subsection (1) of this section shall be construed to require that a person must be subject to the collection, remittance, or reporting requirements imposed by this article in order to obtain a direct payment permit number. (4) A person shall become a qualified purchaser upon receipt of a direct payment permit number. (5) A direct payment permit number shall be in force and effect until December 31 of the third year following the year in which it is issued, unless sooner revoked. Such permit number shall be granted or renewed only upon the filing of an application stating the information described in subsection (1) of this section. (6) The executive director of the department of revenue may revoke the direct payment permit number of a qualified purchaser that has violated any provision of this article. The executive director shall give a notice of revocation to such qualified purchaser by first-class mail pursuant to section 39-21-105.5. Any such revocation may be appealed by the qualified purchaser within thirty days of receipt of the notice of revocation together with a request for a hearing on such revocation before the executive director or the executive director's designee. The executive director shall promulgate rules specifying the procedures for a revocation appeal hearing. A revocation appeal hearing shall take place within a reasonable time after receipt of the request for hearing by the executive director. The executive director shall issue a finding upholding the revocation or reinstating the direct payment permit number within a reasonable time after the revocation appeal hearing. ## Nearby sections - [C.R.S. § 39-26-101 39-26-101. Short title](https://www.frixlaw.com/law-library/statutes/STATE_CO_T39_A26_P1_S39-26-101.md) - [C.R.S. § 39-26-102 39-26-102. Definitions](https://www.frixlaw.com/law-library/statutes/STATE_CO_T39_A26_P1_S39-26-102.md) - [C.R.S. § 39-26-102.5 39-26-102.5. Change of references from "Internal Revenue Code of 1954" to "Internal Revenue C](https://www.frixlaw.com/law-library/statutes/STATE_CO_T39_A26_P1_S39-26-102.5.md) - [C.R.S. § 39-26-103 39-26-103. Licenses - fee - revocation - definition](https://www.frixlaw.com/law-library/statutes/STATE_CO_T39_A26_P1_S39-26-103.md) - [C.R.S. § 39-26-103.5 39-26-103.5. Qualified purchaser - direct payment permit number - qualifications](https://www.frixlaw.com/law-library/statutes/STATE_CO_T39_A26_P1_S39-26-103.5.md) - [C.R.S. § 39-26-104 39-26-104. Property and services taxed - definitions](https://www.frixlaw.com/law-library/statutes/STATE_CO_T39_A26_P1_S39-26-104.md) - [C.R.S. § 39-26-105 39-26-105. Vendor liable for tax - definitions - repeal](https://www.frixlaw.com/law-library/statutes/STATE_CO_T39_A26_P1_S39-26-105.md) - [C.R.S. § 39-26-105.2 39-26-105.2. Remittance of tax - GIS - vendor held harmless - requirements of GIS database -](https://www.frixlaw.com/law-library/statutes/STATE_CO_T39_A26_P1_S39-26-105.2.md) - [C.R.S. § 39-26-105.3 39-26-105.3. Remittance of tax - electronic database - vendor held harmless - repeal](https://www.frixlaw.com/law-library/statutes/STATE_CO_T39_A26_P1_S39-26-105.3.md) - [C.R.S. § 39-26-105.4 39-26-105.4. Remittance of tax - determination of address - dealer held harmless](https://www.frixlaw.com/law-library/statutes/STATE_CO_T39_A26_P1_S39-26-105.4.md) - [C.R.S. § 39-26-105.5 39-26-105.5. Remittance of sales taxes - electronic funds transfers](https://www.frixlaw.com/law-library/statutes/STATE_CO_T39_A26_P1_S39-26-105.5.md) - [C.R.S. § 39-26-106 39-26-106. Schedule of sales tax](https://www.frixlaw.com/law-library/statutes/STATE_CO_T39_A26_P1_S39-26-106.md) - [C.R.S. § 39-26-107 39-26-107. Rules and regulations](https://www.frixlaw.com/law-library/statutes/STATE_CO_T39_A26_P1_S39-26-107.md) - [C.R.S. § 39-26-108 39-26-108. Tax cannot be absorbed](https://www.frixlaw.com/law-library/statutes/STATE_CO_T39_A26_P1_S39-26-108.md) --- Source: Frix Law Library, https://www.frixlaw.com/law-library/statutes/STATE_CO_T39_A26_P1_S39-26-103.5. Check the current official text before relying on it. Not legal advice.