| Notice Filed with SOS |
02/21/2023 |
| Rule |
ProposedRuleAttach2023-00128.doc
|
| Additional Information |
AddInfoAttach2023-00128.docx
|
| Statutory Authority |
The statutory bases for this rule are sections 39-21-112(1) and 39-29-106, C.R.S. |
| Description of Subjects/Issues |
The purpose of this amendment to the rule is to conform the rule to changes made by House Bill 21-1312. Specifically, House Bill 21-1312 amended section 39-29-106(2), C.R.S., to phase out by 2026 the exemption for coal production under the statutorily prescribed threshold. In addition, House Bill 21-1312 phases out by 2026 the credits available for the production of lignitic coal and coal produced from underground mines.
The amendment also repeals a part of the rule regarding related parties because controlled groups and their component members are already addressed in section 39-29-114, C.R.S. |
| Purpose/Objective of Rule |
The purpose of this amendment to the rule is to conform the rule to changes made by House Bill 21-1312. Specifically, House Bill 21-1312 amended section 39-29-106(2), C.R.S., to phase out by 2026 the exemption for coal production under the statutorily prescribed threshold. In addition, House Bill 21-1312 phases out by 2026 the credits available for the production of lignitic coal and coal produced from underground mines. The amendment also repeals a part of the rule regarding related parties because controlled groups and their component members are already addressed in section 39-29-114, C.R.S. |
| Basis And Purpose |
BasisAndPurposeAttachment2023-00128.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 21-1312
|
| Hearing Date |
04/06/2023 |
| 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 |