| Notice Filed with SOS |
06/14/2023 |
| Rule |
ProposedRuleAttach2023-00314.docx |
| Additional Information |
AddInfoAttach2023-00314.docx |
| Statutory Authority |
The statutory bases for this rule are sections 39-21-112(1), 39-22-104(3)(o), and 39-22-104(3)(r), C.R.S. |
| Description of Subjects/Issues |
The purpose of this rule is to clarify the requirement to add back, in the calculation of Colorado taxable income, the amount that an electing pass-through entity owner is allowed to deduct under section 199A of the internal revenue code. |
| Purpose/Objective of Rule |
The purpose of this rule is to clarify the requirement to add back, in the calculation of Colorado taxable income, the amount that an electing pass-through entity owner is allowed to deduct under section 199A of the internal revenue code. |
| Basis And Purpose |
BasisAndPurposeAttachment2023-00314.docx
|
| Submitted in response to issues raised by COLS/OLLS? |
No
|
| Is this rule adopted in response to recent legislation? |
Yes
|
| Recent legislation bill number |
HB21-1327 and SB22-124
|
| Hearing Date |
07/18/2023 |
| Hearing Time |
10:00 AM |
| Hearing Location |
1881 Pierce St. Lakewood CO 80214 - Virtual Hearing Available |
| Contact Name |
Josh Pens |
| Contact Title |
Director |
| Contact Telephone |
3038665627 |
| Contact email |
dor_taxrules@state.co.us |