COLORADO DEPARTMENT OF REVENUE
STATEMENT OF BASIS AND PURPOSE
Re: Regulation 39-22-516(2.5) - Alternative Fuel Vehicle Credit
(1 CCR 201-2 Income Tax)

Basis:
The statutory basis for this regulation is §39-21-112 (1) and §39-22-516(2.5), C.R.S.  

Purpose:
The purpose of this rule-making hearing is to update the existing regulation with correct number sequences within the regulation and to eliminate references to regulations of the Colorado Air Quality Control Commission, which were removed from the statute when the associated program was eliminated from the Commission’s responsibilities.