Colorado Revised Statutes Title 39 — Taxation

C.R.S. § 39-22-657

Material advisor - maintenance of list

Official textolls.infolast amended 2009

# (1)

For each reportable or listed transaction, a material advisor shall maintain a list of the persons to which the material advisor provides material aid, assistance, or advice with respect to organizing, managing, promoting, selling, implementing, insuring, or carrying out a reportable or listed transaction.

# (2)

The list required by subsection (1) of this section shall include:

# (a)

The name of each person described in subsection (1) of this section that is doing business in this state, a member of a Colorado combined group, or a member of an affiliated group as defined in section 1504 of the internal revenue code that includes a taxpayer doing business in this state;

# (b)

The same information required to be contained in the list described in 26 CFR 301.6112-1; and (c) Any additional information required by the department by rules promulgated in accordance with section 39-21-112 (1).

# (3)

The list required by subsection (1) of this section shall be maintained in the same form and manner as the list described in 26 CFR 301.6112-1.

# (4)

A material advisor required to maintain a list under subsection (1) of this section shall: (a) Make the list available to the department upon written request by the department; and (b) Retain the information that is required to be included on the list for seven years from the date that the information is included.

# (5)

The department shall promulgate rules in accordance with section 39-21-112 (1) establishing procedures to implement this section. Source: L. 2009: Entire section added, (HB 09-1093), ch. 75, p. 274, § 4, effective April 2.

Amendment history

L. 2009: Entire section added, (HB 09-1093), ch. 75, p. 274, § 4, effective April 2.

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