COLORADO DEPARTMENT OF REVENUE
STATEMENT OF BASIS AND PURPOSE

Re:  Regulation 24-35-103.5 – Private Letter Rulings and Information Letters
(1 CCR 201-1 Procedures and Administration)

Basis

The statutory basis for this regulation is §39-21-112 (1) and §24-35-103.5 (2), C.R.S.

Purpose

The purpose of this regulation is to set forth the application process, fees, and departmental procedures applicable to the issuance of private letter rulings and information letters as required by §24-35-103.5, C.R.S.