News Article

Notice of Proposed Rulemaking - Colorado Net Operating Losses and Foreign Source Income Exclusion

The Colorado Department of Revenue, Division of Taxation, will hold a public rulemaking hearing on the following income tax rules listed below at 10:00 AM on December 15, 2022 at 1881 Pierce Street, Entrance B, Room 110, Lakewood, CO 80214. The Department will also provide the option to participate via video conference for those who wish to participate remotely.

Request for Public Input – Colorado Net Operating Losses

The Colorado Department of Revenue, Division of Taxation, convened a workgroup meeting on December 7, 2021, to discuss drafts of income tax rules regarding Colorado net operating losses. 

After that discussion, the Division has made additional revisions to the draft rule regarding net operating losses for corporations and is seeking input from stakeholders regarding the revised draft. The revisions include the following: