COLORADO DEPARTMENT OF REVENUE
Hearing November 4, 9:30 a.m., Room 127,
1375 Sherman Street
Denver, Colorado
Proposed
STATEMENT OF BASIS AND PURPOSE
Special Regulation re: allocation and apportionment of corporate income for airlines,
1 CCR 201-2.
Purpose
The department previously promulgated a special regulation concerning the apportionment of income for airlines for the purpose of implementing the two-factor and three factor apportionment methodologies that apply to tax years beginning before January 1, 2009. The purpose of the proposed new special regulation is to apply the single sales factor apportionment methodology enacted in 2008 to this industry for tax years beginning on or after January 1, 2009. See, generally, §39-22-303.5(7), C.R.S. The proposed new special regulation generally follows the prior special regulation but deletes the property and payroll apportionment factors. The proposed regulation also deletes the passenger and freight miles factors of the prior regulation in order to conform to the Multistate Tax Commission model regulation.
COLORADO DEPARTMENT OF REVENUE
Hearing November 4, 9:30 a.m., Room 127,
1375 Sherman Street
Denver, Colorado
Proposed
STATEMENT OF BASIS AND PURPOSE
Special Regulation re: allocation and apportionment of corporate income for contractors,
1 CCR 201-2.
Basis
The statutory basis for this regulation is §39-21-112 and §39-22-303.5, C.R.S.
Purpose
The department previously promulgated a special regulation concerning the apportionment of income for contractors for the purpose of implementing the two-factor and three factor apportionment methodologies that apply to tax years beginning before January 1, 2009. The purpose of the proposed new special regulation is to apply the single sales factor apportionment methodology enacted in 2008 to this industry for tax years beginning on or after January 1, 2009. See, generally, §39-22-303.5(7), C.R.S. The proposed new special regulation generally follows the prior special regulation but deletes the property and payroll apportionment factors.
COLORADO DEPARTMENT OF REVENUE
Hearing November 4, 9:30 a.m., Room 127,
1375 Sherman Street
Denver, Colorado
Proposed
STATEMENT OF BASIS AND PURPOSE
Special Regulation re: allocation and apportionment of corporate income for the publishing industry, 1 CCR 201-2.
Basis
The statutory basis for this regulation is §39-21-112 and §39-22-303.5, C.R.S.
Purpose
The department previously promulgated a special regulation concerning the apportionment of income for the publishing industry for the purpose of implementing the two-factor and three factor apportionment methodologies that apply to tax years beginning before January 1, 2009. The purpose of the proposed new special regulation is to apply the single sales factor apportionment methodology enacted in 2008 to this industry for tax years beginning on or after January 1, 2009. See, generally, §39-22-303.5(7), C.R.S. The proposed new special regulation generally follows the prior special regulation but deletes the property and payroll apportionment factors.
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