Colo. Code Regs. 39-22-2103(1)
Current through Register Vol. 47, No. 20, October 25, 2024
Rule 39-22-2103(1) - Recapture - Waiver of Statute to Avoid Immediate Assessment(a) Where any recapture of credit claimed under 39-22-2103, C.R.S. is created by the sale of the property interest by the original owner, the liability for payment of the recapture tax may be tolled when the taxpayer that claimed the tax credit executes and signs a waiver of the statute of limitations for assessment for the tax year that recapture would be due, extending the period or assessment of the recapture tax until one year after the expiration of the credit compliance period under § 39-22-2101(3), C.R.S.