Emergency Tax Regulations
The Colorado Department of Revenue has issued the following emergency regulations:
The immediate adoption of this new rule is necessary to respond to recent hardships caused by unprecedented flooding, and other natural disasters in this state and natural disasters impacting Colorado taxpayers residing in other states. Some taxpayers will be unable to meet Colorado tax filing and payment deadlines as a result of various natural disasters (tornadoes, wildfires, floods, etc.). Immediate adoption of this rule is necessary because some taxpayers impacted by recent natural disasters already face deadlines for the filing of various taxes, and their ability to file such returns may have been compromised by the natural disasters. The emergency adoption of this new rule is necessary for the preservation of public health, safety, or welfare, and to clarify the circumstances pursuant to state law under which the Executive Director may authorize extensions of time for the filing of tax returns with the Department of Revenue due to natural disaster, similar hardship or other good cause. Finally, compliance with the requirements of section §24-4-103, C.R.S., would be contrary to the public interest under the circumstances.