| Notice Filed with SOS |
05/31/2017 |
| Rule |
ProposedRuleAttach2017-00216.doc |
| Additional Information |
AddInfoAttach2017-00216.doc |
| Statutory Authority |
The basis for this rule is §§ 39-21-112(1), 39-29-102(3)(a), and 39-29-102(7), C.R.S. |
| Description of Subjects/Issues |
The purpose of this rule is to provide, consistent with the Colorado Supreme Court’s ruling in BP Am. v. Colo. Dep’t of Revenue, clarification regarding gross lease revenues and the costs deductible therefrom in the calculation of gross income subject to severance tax on oil and gas. |
| Purpose/Objective of Rule |
The purpose of this rule is to provide, consistent with the Colorado Supreme Court’s ruling in BP Am. v. Colo. Dep’t of Revenue, clarification regarding gross lease revenues and the costs deductible therefrom in the calculation of gross income subject to severance tax on oil and gas. |
| Basis And Purpose |
BasisAndPurposeAttachment2017-00216.pdf
|
| Submitted in response to issues raised by COLS/OLLS? |
No
|
| Is this rule adopted in response to recent legislation? |
No
|
| Hearing Date |
07/12/2017 |
| Hearing Time |
09:00 AM |
| Hearing Location |
1375 Sherman Rm 127 |
| Contact Name |
Phil Horwitz |
| Contact Title |
Director, Tax Policy Analysis |
| Contact Telephone |
303.205.8422 |
| Contact email |
phillip.horwitz@state.co.us |