Colorado DOR Amends Income, Sales, Excise Tax Regulations to Conform With Recent Legislative Changes

The Colorado Department of Revenue March 17 adopted regulations amending individual income, corporate income, trust income, sales and use, and excise tax rules to conform with recently passed legislation. The rules include measures: 1) clarifying that income taxpayers can’t claim both a charitable contribution deduction for the donation of a gross conservation easement and the state Gross Conservation Easement Credit based on donation of the same easement; 2) clarifying requirements for claiming the Rural Primary Health Care Preceptor Credit; 3) requiring cigarette and tobacco products returns to be filed electronically and the tax to be paid by electronic funds transfer; ...