NOTE:  This bill has been prepared for the signature of the appropriate legislative
officers and the Governor.  To determine whether the Governor has signed the bill
or taken other action on it, please consult the legislative status sheet, the legislative
      history, or the Session Laws.
      
      
      SENATE BILL 11-089
      
      
      BY SENATOR(S) Jahn, Brophy, Giron, Guzman, Johnston, King K.,
      Scheffel, Grantham, King S., Newell, Spence, Williams S.;
      also REPRESENTATIVE(S) Beezley, DelGrosso, Fields, Holbert, Kagan,
      Priola, Schafer S., Wilson.
      
      
      Concerning the continuation of the authority of the executive
           director of the department of revenue to issue written
           responses upon the request of a taxpayer.
      
      
      Be it enacted by the General Assembly of the State of Colorado:
      
           SECTION 1.  Repeal.  24-34-104 (42) (l), Colorado Revised
      Statutes, is repealed as follows:
      
           24-34-104.  General assembly review of regulatory agencies and
      functions for termination, continuation, or reestablishment.  (42)  The
      following agencies, functions, or both, shall terminate on July 1, 2011:
      
           (l)  The issuance of information letters and private letter rulings by
      the executive director of the department of revenue in accordance with
      section 24-35-103.5;
      
           SECTION 2.  24-34-104 (47.5), Colorado Revised Statutes, is
      amended BY THE ADDITION OF A NEW PARAGRAPH to read:
      
           24-34-104.  General assembly review of regulatory agencies and
      functions for termination, continuation, or reestablishment.  (47.5)  The
      following agencies, functions, or both, shall terminate on September 1,
      2016:
      
           (d)  The issuance of information letters and private letter
      rulings by the executive director of the department of revenue in
      accordance with section 24-35-103.5.
      
           SECTION 3.  24-35-103.5 (7), Colorado Revised Statutes, is
      amended to read:
      
           24-35-103.5.  Private letter rulings - fees - creation of fund -
      definitions - repeal.  (7)  This section is repealed, effective July 1, 2011
      September 1, 2016.  Prior to such repeal, the information letter and private
      letter ruling function of the executive director of the department of revenue
      shall be reviewed as provided for in section 24-34-104.  The general
      assembly shall not continue to authorize the department of
      revenue to retain full-time equivalent employee authorization to
      issue information letters and private letter rulings after this
      section is repealed.
      
           SECTION 4.  Effective date.  This act shall take effect July 1, 2011.
      
           SECTION 5.  Safety clause.  The general assembly hereby finds,
      determines, and declares that this act is necessary for the immediate
      preservation of the public peace, health, and safety.
      
      
      
      
      ____________________________  ____________________________
      Brandon C. Shaffer                      Frank McNulty
      PRESIDENT OF                     SPEAKER OF THE HOUSE
      THE SENATE                         OF REPRESENTATIVES
      
      
      
      
      
      
      ____________________________  ____________________________
      Cindi L. Markwell                      Marilyn Eddins
      SECRETARY OF                 CHIEF CLERK OF THE HOUSE
      THE SENATE                         OF REPRESENTATIVES
      
      
      
      
                  APPROVED________________________________________
      
      
      
      
      
                                    _________________________________________
                                    John W. Hickenlooper
                                    GOVERNOR OF THE STATE OF COLORADO