COLORADO DEPARTMENT OF REVENUE
STATEMENT OF BASIS AND PURPOSE

Re: Regulation 39-35-104 (1 CCR 201-6) – AMENDED. 
Aircraft Manufacturer New Employee Tax Credit 

Basis:

The statutory basis for this regulation is §39-21-112 and §39-35-104.

Purpose:
	House Bill 08-1034 amended §39-35-104, C.R.S. to allow work site employers to claim employee credits for leased employees.  This regulation is being revised to reflect these changes.