| Notice Filed with SOS |
10/19/2023 |
| Rule |
ProposedRuleAttach2023-00705.doc |
| Additional Information |
AddInfoAttach2023-00705.docx |
| Statutory Authority |
The statutory bases for this rule are sections 39-21-112(1) and 39-22-104(3)(d), (3)(g), (3)(p), and (3)(p.5), C.R.S. |
| Description of Subjects/Issues |
The purpose of this rule is to provide guidance to certain individual income taxpayers who are required to add back a portion of the itemized or standard deductions from their federal income tax return to determine their Colorado taxable income pursuant to House Bill 22-1414 and Proposition FF.
The rule also explains how the addback applies to taxpayers whose filing status is married filing separately or head of household on their federal income tax returns.
Additionally, the rule provides guidance for coordinating the addback with other addbacks required by statute. |
| Purpose/Objective of Rule |
The purpose of this rule is to provide guidance to certain individual income
taxpayers who are required to add back a portion of the itemized or standard
deductions from their federal income tax return to determine their Colorado taxable
income pursuant to House Bill 22-1414 and Proposition FF. The rule also explains
how the addback applies to taxpayers whose filing status is married filing
separately or head of household on their federal income tax returns. Additionally,
the rule provides guidance for coordinating the addback with other addbacks
required by statute. |
| Basis And Purpose |
BasisAndPurposeAttachment2023-00705.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 |
HB 22-1414 and Proposition FF
|
| Hearing Date |
11/30/2023 |
| Hearing Time |
10:00 AM |
| Hearing Location |
Virtual Hearing See Comments |
| Contact Name |
Josh Pens |
| Contact Title |
Director |
| Contact Telephone |
3038665627 |
| Contact email |
dor_taxrules@state.co.us |