Repeal Of Obsolete Provisions In Title 39

Statutory Revision Committee. The bill repeals obsolete provisions in title 39 as follows:

• To conform with the expiration of the tax credit previously allowed for category 2 and category 3 motor vehicles, section 1 of the bill repeals the tax credit and the definitions of category 2 and category 3 motor vehicles;
• Section 2 repeals the obsolete definition of "Colorado company, limited liability company, or partnership" in the law regarding tax modifications for net capital gains;
• To conform with the expiration of the tax credit previously allowed for employers who hired a person with a developmental disability, section 3 repeals the tax credit; and
• Current law specifies that the department of revenue has a duty to provide a refund or credit to a person entitled to an exemption from tax paid on a sale, service, or commodity. Section 4 repeals a provision relating to an exemption for tax paid by an independent contractor under certain conditions that was applicable before July 1, 1979.
  (Note: This summary applies to the reengrossed version of this bill as introduced in the second house.)