As used in this part 5, unless the context otherwise requires:
(1) "C corporation" has the same meaning as in section 39-22-103 (2.5).
(2) "Department" means the department of the treasury.
(3) "Income tax liability" means the liability imposed by section 39-22-301.
(4) "Qualified taxpayer" means a C corporation authorized to do business in Colorado that has or will have an income tax liability owing to the state. "Qualified taxpayer" also includes a C corporation that receives or assumes a tax credit transferred in accordance with section 24-36-503 (7)(e).
(5) "Tax credit" means the tax credit created in section 24-36-503.
(6) "Tax credit sale proceeds" or "sale proceeds" means the money or other liquid asset acceptable to the state treasurer that a qualified taxpayer pays to the department that is deposited as specified in section 24-36-406.
Source: L. 2025, 1st Ex. Sess.: Entire part added, (HB 25B-1004), ch. 8, p. 32, § 2, effective August 28; (6) amended, (HB 25B-1006), ch. 10, p. 50, § 11, effective August 29. L. 2026: (4) amended, (SB 26-169), ch. 311, p. 1805, § 29, effective August 12.