| Notice Filed with SOS |
08/14/2020 |
| Rule |
ProposedRuleAttach2020-00586.doc |
| Statutory Authority |
Sections 44-30-201, C.R.S., 44-30-203, C.R.S., 44-30-302, C.R.S., 44-30-701, C.R.S., and 44-30-702, C.R.S. |
| Description of Subjects/Issues |
Regulation 30-2403 Determination of Tax Revenues Attributable to Extended and Limited Gaming, outlines the formula for determining limited gaming revenues. The current formula is not workable at this time due to the unanticipated drastic decline in gaming revenues rendering the extended limited gaming fund to decline into negative numbers, therefore the Rule is being modified. A portion of this Regulation was changed in an emergency Rule change as of July 16, 2020. |
| Purpose/Objective of Rule |
Regulation 30-2403 Determination of Tax Revenues Attributable to Extended and
Limited Gaming, outlines the formula for determining limited gaming revenues. The
current formula is not workable at this time due to the unanticipated drastic decline
in gaming revenues rendering the extended limited gaming fund to decline into
negative numbers, therefore the Rule is being modified. A portion of this
Regulation was changed in an emergency Rule change as of July 16, 2020. |
| Submitted in response to issues raised by COLS/OLLS? |
No
|
| Is this rule adopted in response to recent legislation? |
Yes
|
| Recent legislation bill number |
HB20-1400
|
| Hearing Date |
09/17/2020 |
| Hearing Time |
09:15 AM |
| Hearing Location |
1707 Cole Blvd., Ste 350, Golden, CO 80401 |
| Contact Name |
Kenya Collins |
| Contact Title |
Director of Administration |
| Contact Telephone |
(303) 205-1300 |
| Contact email |
kenya.collins@state.co.us |