COLORADO DEPARTMENT OF REVENUE
STATEMENT OF BASIS AND PURPOSE

Re: Regulation 39-21-108 (1 CCR 201-1) – Refunds 

Basis:

The statutory basis for this regulation is §39-21-112 and §39-21-108, C.R.S.

Purpose:

The purpose of this Regulation 39-21-108, “Refunds,” is to update the rules regarding the statute of limitations to federal and state law, to clarify the offset of overpayments applied to estimated tax, and to remove the prohibition of intercepts of PTC rebates as a result of the addition of §39-21-102(4), C.R.S. that passed in 2004.