STATE OF COLORADO
DEPARTMENT OF REVENUE
State Capitol Annex
1375 Sherman Street, Room 409
Denver, Colorado 80261
(303) 866-3091
FAX (303) 866-2400

Bill Owens
Governor

M. Michael Cooke
Executive Director

Notice And Adoption of
Emergency Regulation 39-22-608.2(c), 1 CCR 201-2 (Filing Deadline Extension)

I, Roxy Huber, Executive Director of the Colorado Department of Revenue, do hereby adopt emergency regulation 39-22-608.2(c) (1 CCR 201-2) re: Filing Deadline Extension.  This emergency regulation is effective beginning January 26, 2007 and shall remain in effect for three months from the date of adoption.  As justification for the same, I find the following:
	
1.	Immediate adoption of the attached Regulation is imperatively necessary for preservation of the public welfare.  On January 24, 2007, the Internal Revenue Service announced that the deadline for filing federal income tax returns and associated payments has been extended to April 17, 2007.  Because Colorado income tax is derived from the federal income reported to the Internal Revenue Service, taxpayers must first prepare a federal return before preparing a Colorado return.  A deadline for Colorado income tax returns that is prior to the deadline for federal returns will create confusion among taxpayers about their filing deadline and impair the taxpayer’s ability to take full advantage of the federal April 17th deadline.  Extending the filing deadline will facilitate the filing of 2006 Colorado income tax returns that are dependent on the 2006 federal return. 

2.	Compliance with the requirements of §24-4-103, C.R.S. would be contrary to the public interest because there is insufficient time to comply with the timeframes set forth in said statute and to enact a regulation prior to April 16, 2007.

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Adopted this 26th day of January, 2007, by Roxy Huber 
Executive Director, Colorado Department of Revenue.