NOTE: The governor signed this measure on 6/10/2016.
      
      
      HOUSE BILL 16-1232
      
      
      BY REPRESENTATIVE(S) Kraft-Tharp, Wist, Becker K., Garnett,
      Nordberg, Pettersen, Rosenthal, Roupe, Ryden, Williams, Winter;
      also SENATOR(S) Baumgardner, Crowder, Holbert, Woods.
      
      
      Concerning 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.  In Colorado Revised Statutes, 24-35-103.5, amend
      (7); and add (3.5) as follows:
      
           24-35-103.5.  Private letter rulings - information letters - fees -
      creation of fund - definitions - repeal. (3.5)  The department of
      revenue shall track the total full-time equivalent personnel
      positions necessary and the hours dedicated by each FTE for the
      issuance, declination, modification, or revocation of all
      information letters or private letter rulings as required by this
      section.
      
           (7)  This section is repealed, effective September 1, 2016
      September 1, 2023. 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      private letter rulings after this section is repealed.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 2.  In Colorado Revised Statutes, 24-34-104, amend
      (47.5) introductory portion; repeal (47.5) (d); and add (54) (b) as follows:
      
           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;
      
           (54)  The following agencies, functions, or both, terminate on
      September 1, 2023:
      
           (b)  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.  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.
      
      
      
      
      ________________________________________________________
      Dickey Lee Hullinghorst                Bill L. Cadman
      SPEAKER OF THE HOUSE                     PRESIDENT OF
      OF REPRESENTATIVES                         THE SENATE
      
      
      
      
      
      
      ____________________________  ____________________________
      Marilyn Eddins                            Effie Ameen
      CHIEF CLERK OF THE HOUSE                 SECRETARY OF
      OF REPRESENTATIVES                         THE SENATE
      
      
      
      
                  APPROVED________________________________________
      
      
      
      
      
                                    _________________________________________
                                    John W. Hickenlooper
                                    GOVERNOR OF THE STATE OF COLORADO