| Notice Filed with SOS |
03/12/2021 |
| Rule |
ProposedRuleAttach2021-00167.doc |
| Additional Information |
AddInfoAttach2021-00167.doc |
| Statutory Authority |
The statutory bases for this rule are sections 39-21-112(1), 39-35-102, 39-35-103, and 39-35-104, C.R.S. |
| Description of Subjects/Issues |
The purpose of the amendment to this rule is to update the rule regarding the application of the aircraft manufacturer new employee income tax credit. The amendment repeals the entirety of the current rule because the content is outdated or redundant with statute. The new content:
• Clarifies the method of calculating business facility employees for the purpose of calculating the credit;
• Clarifies the qualifications for employees who work both at and away from the aircraft manufacturer’s facility; and
• Clarifies the calculation of the credit for aircraft manufacturers that acquire an existing facility. |
| Purpose/Objective of Rule |
The purpose of the amendment to this rule is to update the rule regarding the application of the aircraft manufacturer new employee income tax credit. The amendment repeals the entirety of the current rule because the content is outdated or redundant with statute. The new content:
• Clarifies the method of calculating business facility employees for the purpose of calculating the credit;
• Clarifies the qualifications for employees who work both at and away from the aircraft manufacturer’s facility; and
• Clarifies the calculation of the credit for aircraft manufacturers that acquire an existing facility. |
| Basis And Purpose |
BasisAndPurposeAttachment2021-00167.doc
|
| Comments |
This hearing will be conducted virtually. The call-in information is: Call in: 1-669-900-6833 Meeting ID: 816-6409-1352. If you would like to join via video conference, please email dor_taxrules@state.co.us for the link. |
| Submitted in response to issues raised by COLS/OLLS? |
No
|
| Is this rule adopted in response to recent legislation? |
No
|
| Hearing Date |
04/22/2021 |
| Hearing Time |
10:00 AM |
| Hearing Location |
Virtual Hearing (see below) |
| Contact Name |
Erika Hoxeng |
| Contact Title |
Tax Policy Analyst |
| Contact Telephone |
303-866-4805 |
| Contact email |
erika.hoxeng@state.co.us |