The civic record

Read. Follow. Verify.

DENVERlocal legislationFiled

Update to Treasury Tax Rule 007 Regarding Closely Held Entities

Original title: A letter dated May 22, 2026, from Nicole C. Doheny, Manager of Finance, notifying City Council that the Department of Finance has updated Treasury Tax Rule 007 to align with recent changes to the Colorado Revised Statutes 13-1-127 regarding the definition and requirements of a “Closely Held Entity”, that these updates are not expected to result in any cost or revenue impacts, and that in accordance with DRMC 53-3(b)(3), Treasury Rule 007 will take effect 60 days after this notice, on July 21, 2026.

Record date · June 1, 2026

Track this bill to get notified when it advances a stage. One tap to stop, anytime.

Public stanceCommunity reactions are separate from the official record and reporting.

What This Bill Does

The City Department of Finance has updated Treasury Tax Rule 007 to match recent changes in Colorado state law regarding the definition of a '.' This update is administrative and is not expected to change city tax revenue or costs.

Why it matters

Local businesses classified as 'Closely Held Entities' will be subject to updated definitions for tax purposes starting July 21, 2026, though the city anticipates no change in financial impact.

Who It Affects

Groups the bill's text affects, as described in the record. Being affected is not a position for or against it.

Directly affected

Closely Held Entities

These business entities must comply with the updated definition and requirements set forth in the revised Treasury Tax Rule 007.

Key Facts

Treasury Tax Rule 007 has been updated to align with Colorado Revised Statutes 13-1-127.
The update changes the definition and requirements for a 'Closely Held Entity'.
The rule change takes effect on July 21, 2026, which is 60 days after the May 22, 2026 notice.
The Department of Finance projects no cost or revenue impact from this change.

Show all 5 facts

The update is filed under file number 26-0768.

Frequently Asked Questions

Will this rule change increase my taxes?

The Department of Finance stated that these updates are not expected to result in any cost or revenue impacts.

When does the new rule go into effect?

The rule becomes effective on July 21, 2026.

What else do you want to know?

News Coverage

No news coverage found yet. Articles are indexed twice daily.

Follow the record

Votes, people, money & the original source

Full breakdown

Who this bill affects and the strongest case for and against it, written only from the bill’s own text.

Discoveries

1 pattern noticed across the record

Patterns POLISCOPE noticed across the record. These are observations to investigate, not conclusions.

policy shift100% confidence

State-Local Alignment

The city is proactively updating local tax rules to maintain consistency with recent changes in Colorado state law.

Department of Finance Colorado Revised Statutes 13-1-127

Sources

Open source document

webapi.legistar.com

Analysis Score

0–100

Significance20
How much this matters to a regular citizen
Controversy5
Intensity of disagreement among stakeholders
Entertainment5
Compellingness for a non-policy-wonk reader
Buzz10
Current news / social attention level

Publisher tools