Notice Filed with SOS |
10/19/2023 |
Rule |
ProposedRuleAttach2023-00704.doc |
Additional Information |
AddInfoAttach2023-00704.docx |
Statutory Authority |
The statutory bases for this rule are sections 39-21-112(1) and 39-22-104(3)(d), (3)(g), and (3)(p), C.R.S. |
Description of Subjects/Issues |
The purpose of this rule is to provide guidance to certain individual income taxpayers who are required to add back a portion of the itemized deductions from their federal income tax return to determine their Colorado taxable income pursuant to House Bill 21-1311.
The rule also explains how the addback applies to taxpayers whose filing status is married filing separately or head of household on their federal income tax returns.
Additionally, the rule provides guidance for coordinating the addback with other addbacks required by statute. |
Purpose/Objective of Rule |
The purpose of this rule is to provide guidance to certain individual income
taxpayers who are required to add back a portion of the itemized deductions from
their federal income tax return to determine their Colorado taxable income
pursuant to House Bill 21-1311. The rule also explains how the addback applies to
taxpayers whose filing status is married filing separately or head of household on
their federal income tax returns. Additionally, the rule provides guidance for
coordinating the addback with other addbacks required by statute. |
Basis And Purpose |
BasisAndPurposeAttachment2023-00704.docx
|
Submitted in response to issues raised by COLS/OLLS? |
No
|
Is this rule adopted in response to recent legislation? |
Yes
|
Recent legislation bill number |
HB 21-1131
|
Hearing Date |
11/30/2023 |
Hearing Time |
10:00 AM |
Hearing Location |
Virtual Hearing See Comments |
Contact Name |
Josh Pens |
Contact Title |
Director |
Contact Telephone |
3038665627 |
Contact email |
dor_taxrules@state.co.us |