COLORADO DEPARTMENT OF REVENUE
STATEMENT OF BASIS AND PURPOSE
Re: Regulation 39-22-108.5 - Dual Resident Trust Credit (1 CCR 201-2)

Basis:

The statutory basis for this regulation is §39-21-112, and 39-22-108.5, C.R.S.

Purpose:

The purpose of this Regulation 39-22-108.5, "Dual Resident Trust Credit,” is to set forth the requirements for claiming the income tax credit established by Senate Bill 06-211, which became effective May 25, 2006 upon the governor’s signature. 

Dated this 3rd day of October, 2006.