| Notice Filed with SOS |
12/13/2023 |
| Rule |
ProposedRuleAttach2023-00798.doc |
| Additional Information |
AddInfoAttach2023-00798.docx |
| Statutory Authority |
The statutory bases for this rule are sections 39-21-112(1), 39-22-516.7, and 39-22-516.8, C.R.S. |
| Description of Subjects/Issues |
The purpose of the amendments to this rule is to provide additional guidance and clarification regarding the innovative motor vehicle and innovative truck credits and to update the rule to reflect changes made to the credits by House Bill 23-1272. Amendments to the rule address tax-exempt persons and political subdivisions; necessary conditions for a motor vehicle or truck to be considered new; titling and registration requirements; the tax year for which a credit may be claimed; the manufacturer’s suggested retail price for the purpose of determining eligibility and the credit amount; leased motor vehicles and trucks; and credit assignment. |
| Purpose/Objective of Rule |
The purpose of the amendments to this rule is to provide additional guidance and
clarification regarding the innovative motor vehicle and innovative truck credits and
to update the rule to reflect changes made to the credits by House Bill 23-1272.
Amendments to the rule address tax-exempt persons and political subdivisions;
necessary conditions for a motor vehicle or truck to be considered new; titling and
registration requirements; the tax year for which a credit may be claimed; the
manufacturer’s suggested retail price for the purpose of determining eligibility and
the credit amount; leased motor vehicles and trucks; and credit assignment. |
| Basis And Purpose |
BasisAndPurposeAttachment2023-00798.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 |
House Bill 23-1272
|
| Hearing Date |
01/18/2024 |
| 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 |