Form DR0348 Remediation of Contaminated Land Credit Transfer Schedule - Colorado

What Is Form DR0348?

This is a legal form that was released by the Colorado Department of Revenue - a government authority operating within Colorado. As of today, no separate filing guidelines for the form are provided by the issuing department.

FAQ

Q: What is Form DR0348?
A: Form DR0348 is a Remediation of Contaminated Land Credit Transfer Schedule in Colorado.

Q: What is the purpose of Form DR0348?
A: The purpose of Form DR0348 is to transfer unused contaminated land credits from one taxpayer to another.

Q: Who can use Form DR0348?
A: Any taxpayer who has unused contaminated land credits can use Form DR0348.

Q: What are contaminated land credits?
A: Contaminated land credits are credits that can be used to offset certain Colorado taxes.

Q: How do I transfer contaminated land credits using Form DR0348?
A: To transfer contaminated land credits, both the transferor and transferee must complete Form DR0348 and submit it to the Colorado Department of Revenue.

Q: Are there any limitations on transferring contaminated land credits?
A: Yes, there are certain limitations on transferring contaminated land credits. For example, the transfer cannot exceed 50% of the transferee's tax liability.

Q: Is there a deadline for submitting Form DR0348?
A: Yes, Form DR0348 must be submitted on or before the original due date of the transferor's tax return for the tax year in which the transfer is made.