COLORADO DEPARTMENT OF REVENUE
STATEMENT OF BASIS AND PURPOSE

Re: Regulation 39-29-106 (1 CCR 201-10) – Coal 

Basis:

The statutory basis for this regulation is §39-21-112 and §39-29-106, C.R.S.

Purpose:

The purpose of this Regulation 39-29-106, “Coal,” is to correct the taxpayer reference from “mining operation” to “person” to conform to the determination of the Committee on Legal Services at its December 14, 2006 hearing, and to clarify old language regarding exemptions allowed in the computation of the coal severance tax.