COLORADO DEPARTMENT OF REVENUE
STATEMENT OF BASIS AND PURPOSE

Re: Regulation 39-22-121 (1 CCR 201-2) – AMENDED. 
Child Care Contribution Credit. 

Basis:

The statutory basis for this regulation is §39-21-112 and §39-22-121.

Purpose:
	House Bill 08-1049 extended the child care contribution credit through tax year 2019.  The bill further provided that, beginning January 1, 2011, the availability of the credit will be determined based upon an anticipated revenue surplus.  This regulation is being revised to reflect these changes.