Bill to Help Small Businesses with Tax Issues Signed into Law

Beezley Measure Continues Program to Provide Written Responses to Taxpayers’ Questions

DENVER—Small businesses will continue to receive help with their tax questions, thanks to a bill that was signed into law this week.

Senate Bill 89, sponsored by State Rep. Don Beezley, will continue the authority of the executive director of the Department of Revenue to provide clarity in tax policies by issuing written responses to taxpayers’ 

questions.

"I believe one of our most sacred obligations is to make sure that when the state deals with taxpayers—the folks who pay the bills—it is clear, consistent and fair in its dealings," said Beezley, R-Broomfield.  “Because of this program, Colorado’s job creators have access to the information needed to make sound tax decisions.”

  

The program provides two types of written responses to inquiries.  The first is a private letter ruling.  PLRs give a specific determination of consequences to a proposed transaction.  The second is a general information letter that answers questions about tax issues that are not specifically found in other department publications. 

The program was set to end on July 1, 2011, but SB 89 moves the repeal date to Sept. 1, 2016. 

Beezley led a broad coalition forward in order to pass this bill, earning overwhelming support from Republicans and Democrats in both the House and the Senate.

 

“The signing of this bill is a testament to what we in the General Assembly can achieve when we put our differences aside and focus on what’s best for the people of Colorado,” Beezley added.

    

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