November 2025 Updates
Information about the recent activities of the Office of Tax Policy is provided below. This information includes new and revised publications, rulemaking activities, and recently published letter rulings and information letters.
Recently Published Private Letter Rulings (PLR) and General Information Letters (GIL)
- GIL 25-006 – Admittance of a Partner to a Partnership When Claiming the Affordable Housing Tax Credit – If the owner of a qualified development receiving an allocation of the affordable housing tax credit is a pass-through entity, then each partner, shareholder, member, or other qualified taxpayer that is admitted as such prior to the filing of the partner’s, shareholder’s, member’s, or other qualified taxpayer’s tax return claiming the credit is allowed to claim an allocation of the credit.
New and Revised Publications
- Income Tax Topics: Business Personal Property Credit – This publication has been revised to reflect the repeal of this credit by section 10 of House Bill 25-1296 for tax years commencing on or after January 1, 2026.
- Income Tax Topics: Electric Bicycle Credit – This publication has been revised to reflect the reduction in the credit for tax year 2026 based on the OSPB forecast and LCS forecast. See section 39-22-555(6), C.R.S.
- Income Tax Topics: State Income Tax Addback – This publication has been revised to reflect changes made by Section 70120 of the One Big Beautiful Bill Act.
- Income Tax Topics: State Sales Tax Refund – This publication has been revised to reflect 2025 TABOR State Sales Tax Refund Credit amounts.
- Income Tax Topics: Innovative Motor Vehicle Credit and Income Tax Topics: Innovative Truck Credit – These publications have been revised to reflect the reduction in the credits for tax year 2026 based on the OSPB forecast and LCS forecast. See sections 39-22-516.7(4)(a)(VIII) and (4)(a.7) and 39-22-516.8(8.7)(a)(III) and (8)(d), C.R.S.
- Sales & Use Tax Topics: Agriculture – This publication has been revised to reflect changes made by Section 14 of House Bill 25-1296 and Section 3 of Senate Bill 25-026.