| Notice Filed with SOS |
05/31/2011 |
| Rule |
ProposedRuleAttach2011-00335.DOC |
| Additional Information |
AddInfoAttach2011-00335.DOC |
| Statutory Authority |
39-22-522.5(4) and (6), 39-22-522(8), 39-21-113(17.5), and 39-21-112(1), C.R.S. |
| Description of Subjects/Issues |
Sections 39-22-522.5(4) and (6), C.R.S., require that the Executive Director promulgate rules specifying the procedures for a change to the tax matters representative’s designation when the Executive Director determines that the tax matters representative is unavailable or unwilling to act as the tax matters representative. Additionally, the Gross Conservation Easement Credit regulations are being updated with changes that govern requests for documents by the Department of Revenue, changes in s |
| Purpose/Objective of Rule |
Sections 39-22-522.5(4) and (6), C.R.S., require that the Executive Director promulgate rules specifying the procedures for a change to the tax matters representative’s designation when the Executive Director determines that the tax matters representative is unavailable or unwilling to act as the tax matters representative. Additionally, the Gross Conservation Easement Credit regulations are being updated with changes that govern requests for documents by the Department of Revenue, changes in statutory credit caps for conservation easement tax credits, clarification of the administrative process for resolution of conservation easement tax credit claims, and clarification of the notice requirements and administrative participation for the transferees of the conservation easement tax credits for income tax years commencing on or after January 1, 2000. |
| Basis And Purpose |
BasisandPurposeAttachment2011-00335.DOC
|
| Submitted in response to issues raised by COLS/OLLS? |
No
|
| Is this rule adopted in response to recent legislation? |
|
| Hearing Date |
07/12/2011 |
| Hearing Time |
09:30 AM |
| Hearing Location |
1375 Sherman St., Room 127, Denver, CO 80261 |
| Contact Name |
Phil Horwitz |
| Contact Title |
Policy Director |
| Contact Telephone |
303-205-8422 |
| Contact email |
phorwitz@dor.state.co.us |