Title 39, Taxation

0 chapters · 682 sections in this title.

183 sectionsFiltered byTitle 39 Ch 22

Colo. Rev. Stat. § 39-22-4705 Eligible expenses - penalties for other uses
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(1) (a) For purposes of the income tax benefit conferred under this part 47, the money in a first-time home buyer savings account may be: (I) Used for eligible expenses related to a qualified beneficiary's purchase of his or her primary residence in the state; (II) Used for eligi…
Colo. Rev. Stat. § 39-22-4706 Forms
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The department shall establish forms for an account holder to annually report information about a first-time home buyer savings account, including, but not limited to, how the money from the fund is used, and identify any supporting documentation that is required to be maintained…
Colo. Rev. Stat. § 39-22-4707 Financial institutions
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(1) A financial institution is not required to: (a) Designate an account as a first-time home buyer savings account, or designate the beneficiaries of an account, in the financial institution's account contracts or systems or in any other way; (b) Track the use of money withdrawn…
Colo. Rev. Stat. § 39-22-4708 Repeal of part
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This part 47 is repealed, effective December 31, 2028. Source: L. 2024: Entire section added, (HB 24-1036), ch. 373, p. 2532, � 25, effective August 7. Cross references: For the legislative declaration in HB 24-1036, see section 1 of chapter 373, Session Laws of Colorado 2024.
Colo. Rev. Stat. § 39-22-501 Taxation of regulated investment companies
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(1) (a) For purposes of this article, a regulated investment company shall have the same meaning as set forth in section 851 of the internal revenue code. (b) For purposes of this article, the net income of a regulated investment company in each year in which the corporation is t…
Colo. Rev. Stat. § 39-22-503 Taxation of real estate investment trusts - definitions
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(1) (a) For purposes of this article, a real estate investment trust shall have the same meaning as set forth in section 856 of the internal revenue code. (b) For purposes of this article, the net income of a real estate investment trust in each year in which the trust is taxed a…
Colo. Rev. Stat. § 39-22-504 Net operating losses
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(1) (a) A net operating loss deduction shall be allowed in the same manner that it is allowed under the internal revenue code except as otherwise provided in this section. The amount of the net operating loss that may be carried forward and carried back for Colorado income tax pu…
Colo. Rev. Stat. § 39-22-504.5 Short title
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Sections 39-22-504.5 to 39-22-504.7 shall be known and may be cited as the Medical Savings Account Act of 1994. Source: L. 86: Entire section added, p. 1121, � 1, effective June 23. L. 94: Entire section amended, p. 2840, � 6, effective January 1, 1995.
Colo. Rev. Stat. § 39-22-504.6 Definitions
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As used in sections 39-22-504.5 to 39-22-504.7, unless the context otherwise requires: (1) Account administrator means: (a) A state chartered bank, savings and loan association, credit union, or trust company authorized to act as a fiduciary and under the supervision of the finan…
Colo. Rev. Stat. § 39-22-505 Oil and gas producers. (Repealed)
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Source: L. 64: R&RE, p. 778, � 1. C.R.S. 1963: � 138-1-60. L. 71: p. 1252, � 1. L. 77: Entire section repealed, p. 1855, � 13, effective January 1, 1978. 39-22-506. Tentative carry-back adjustment - application - allowance. (Repealed) Source: L. 67: p. 851, �� 1, 2. C.R.S. 1963: …
Colo. Rev. Stat. § 39-22-507.5 Credits against tax - investment in certain property - repeal
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(1) Except as otherwise provided in this section, there shall be allowed to any person as a credit against the tax imposed by this article 22, for income tax years commencing on or after January 1, 1979, but prior to January 1, 2023, an amount equal to the total of: (a) Investmen…
Colo. Rev. Stat. § 39-22-508.1 Short title. (Repealed)
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Source: L. 78: Entire section added, p. 497, � 1, effective July 1. L. 79: Entire section amended, p. 1442, � 29, effective July 3. L. 2007: Entire section repealed, p. 353, � 11, effective August 3.
Colo. Rev. Stat. § 39-22-508.2 Definitions - construction of terms. (Repealed)
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Source: L. 78: Entire section added, p. 497, � 1, effective July 1; (3)(b) amended, p. 275, � 102, effective May 23 L. 79: (3)(b) and (5)(b) amended, p. 1443, � 30, effective July 3. L. 89: (2)(c) added, p. 1522, � 6, effective June 7. L. 90: (7) amended, p. 455, � 35, effective …
Colo. Rev. Stat. § 39-22-508.4 Election to defer commencement of credit. (Repealed)
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Source: L. 78: Entire section added, p. 502, � 1, effective May 5. L. 2007: Entire section repealed, p. 353, � 11, effective August 3.
Colo. Rev. Stat. § 39-22-508.5 Effect of transfers of new business facilities. (Repealed)
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Source: L. 78: Entire section added, p. 503, � 1, effective May 5. L. 89: (4) amended, p. 1500, � 4, effective July 1, 1990. L. 2007: Entire section repealed, p. 353, � 11, effective August 3.
Colo. Rev. Stat. § 39-22-508.6 Effect of termination of enterprise or facility. (Repealed)
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Source: L. 78: Entire section added, p. 504, � 1, effective May 5. L. 2007: Entire section repealed, p. 353, � 11, effective August 3.
Colo. Rev. Stat. § 39-22-508.7 Effective date - termination date. (Repealed)
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Source: L. 78: Entire section added, p. 497, � 1, effective May 5. L. 79: Entire section repealed, p. 1443, � 32, effective July 3. 39-22-509. Credit against tax - employer expenditures for alternative transportation options for employees - legislative declaration - definitions -…
Colo. Rev. Stat. § 39-22-5101 Legislative declaration
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(1) The general assembly hereby finds and declares that: (a) The program allowing taxpayers to make donations to charitable organizations through their Colorado state individual income tax return forms, commonly known as the tax check-off program, has been a groundbreaking and pr…
Colo. Rev. Stat. § 39-22-5103 List of eligible charitable organizations
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(1) (a) On or before September 1, 2019, and on or before September 1 of each year thereafter, the secretary of state shall provide to the department of revenue a list of all eligible charitable organizations. To be eligible, a charitable organization must: (I) Have been registere…
Colo. Rev. Stat. § 39-22-5105 Initial funding
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The department of revenue may seek, accept, and expend gifts, grants, or donations from private or public sources for the purposes of implementing the donate to a Colorado nonprofit fund, including but not limited to creating information systems and procedures necessary to collec…
Colo. Rev. Stat. § 39-22-513 Credit to lending institutions for making residential energy-related loans. (Repealed)
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Source: L. 83: Entire section added, p. 1523, � 2, effective May 20. L. 87: (1), (3)(c)(I), (3)(e)(III), (4)(b), and (4)(c) amended, p. 1449, � 23, effective June 22. L. 88: (2) amended, p. 419, � 17, effective April 11. L. 2004: Entire section repealed, p. 214, � 39, effective A…
Colo. Rev. Stat. § 39-22-516.5 Tax credit for innovative motor vehicles - repeal. (Repealed)
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Source: L. 2009: Entire section added, (HB 09-1331), ch. 416, p. 2299, � 4, effective June 4. L. 2011: (1)(f) amended, (HB 11-1081), ch. 262, p. 1142, � 2, effective January 1, 2014. L. 2012: (1)(a), IP(2)(a), (2)(b), (3)(a), (3)(d), and (3)(e)(II) amended and (2)(c) added, (HB 1…
Colo. Rev. Stat. § 39-22-517 Tax credit for child care center investments - repeal
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(1) With respect to taxable years commencing on or after January 1, 1992, and prior to January 1, 2029, there is allowed to any person operating a child care center licensed pursuant to section 26-6-905 or 26.5-5-309, family child care home licensed pursuant to section 26.5-5-309…
Colo. Rev. Stat. § 39-22-518 Tax modification for net capital gains - definitions - repeal
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(1) For income tax years commencing on or after July 1, 1995, a modification, in the form of a reduction of income taxable by the state of Colorado, shall be allowed to any qualified taxpayer for the amount of income attributable to qualifying gains receiving capital treatment ea…
Colo. Rev. Stat. § 39-22-5201 Definitions
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As used in this part 52, unless the context otherwise requires: (1) Advisory committee means the affordable health care coverage easy enrollment advisory committee created in section 10-22-113. (2) Department means the department of revenue. (3) Exchange means the Colorado health…
Colo. Rev. Stat. § 39-22-5202 Uninsured designation - required forms - rules
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(1) For income tax years commencing on or after January 1, 2021: (a) The Colorado state individual income tax form must allow tax filers to: (I) Request that the exchange assess whether uninsured tax household members are potentially eligible for free or lower-cost health coverag…
Colo. Rev. Stat. § 39-22-527 Agricultural value-added tax credit. (Repealed)
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Source: L. 2001: Entire section added, p. 628, � 3, effective May 30. L. 2010: Entire section repealed, (SB 10-212), ch. 412, p. 2032, � 1, effective July 1. 39-22-528. Tax credit for participation in agriculture value-added cash fund. (Repealed) Source: L. 2001: Entire section a…
Colo. Rev. Stat. § 39-22-5301 Legislative declaration
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(1) The general assembly hereby finds and declares that: (a) Feeding Colorado is an association of the five Feeding America food banks serving all Colorado. Member food banks include Care and Share Food Bank for Southern Colorado, Community Food Share, Food Bank for Larimer Count…
Colo. Rev. Stat. § 39-22-5304 Repeal of part
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This part 53 is repealed, effective January 1 of the sixth income tax year following the year in which the executive director files written certification with the revisor of statutes as specified in section 39-22-1001 (8) that a line has become available and the Feeding Colorado …
Colo. Rev. Stat. § 39-22-532 Advanced industry investment tax credit - definitions
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(1) As used in this section, unless the context otherwise requires: (a) Advanced industry investment tax credit or tax credit means the credit against income tax created in this section. (b) Qualified investment shall have the same meaning as set forth in section 24-48.5-112 (1)(…
Colo. Rev. Stat. § 39-22-5402 Definitions
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As used in this part 54, unless the context otherwise requires: (1) Allocation certificate means a statement issued by the authority certifying that a qualified development meets the requirements of this part 54 and specifying the amount of the credit allocated to the owner of a …
Colo. Rev. Stat. § 39-22-5403 Credit against tax - middle-income housing developments
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(1) For the income tax years during the credit period, a qualified taxpayer is allowed a credit against the income taxes imposed by this article 22 in an amount determined by the authority pursuant to this part 54. (2) The authority may allocate a credit to the owner of a qualifi…
Colo. Rev. Stat. § 39-22-5404 Qualified development owned by governmental or quasi-governmental entity
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(1) Notwithstanding any other provision of this part 54: (a) The authority may allocate credits to any governmental or quasi-governmental entity, including the middle-income housing authority created in section 29-4-1104, with respect to a qualified development that is owned by s…
Colo. Rev. Stat. § 39-22-5405 Recapture
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(1) As of the last day of any taxable year during the compliance period, if the amount of the qualified basis of a qualified development with respect to a qualified taxpayer is less than the amount of the qualified basis with respect to a qualified taxpayer as of the last day of …
Colo. Rev. Stat. § 39-22-5406 Parallel credits - insurance premium taxes
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(1) Any taxpayer who is subject to the tax on insurance premiums established by sections 10-3-209, 10-5-111, and 10-6-128 and who is therefore exempt from the payment of income tax and who is otherwise eligible to claim a credit pursuant to this part 54 may claim the credit and c…
Colo. Rev. Stat. § 39-22-5407 Rules - compliance monitoring
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(1) The authority and the executive director of the department, in consultation with each other, shall promulgate rules necessary for their respective administration of this part 54. Rules of the authority are adopted pursuant to section 29-4-708. (2) The authority, in consultati…
Colo. Rev. Stat. § 39-22-5408 Reporting requirements
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(1) By December 31 of each calendar year during which credits were allocated by the authority pursuant to this part 54, the authority shall provide a written report on the middle-income housing tax credit pilot program created in this part 54 to the general assembly and shall mak…
Colo. Rev. Stat. § 39-22-5409 Repeal of part
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This part 54 is repealed, effective January 1, 2055. Source: L. 2024: Entire part added, (HB 24-1316), ch. 287, p. 1927, � 1, effective May 30.
Colo. Rev. Stat. § 39-22-5502 Definitions
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As used in this part 55, unless the context otherwise requires: (1) Allocation certificate means a statement issued by the authority certifying that a given development qualifies for the credit and specifying the amount of the credit allowed. (2) Allocation plan means an allocati…
Colo. Rev. Stat. § 39-22-5503 Credit against tax - affordable housing located in a transit-oriented community
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(1) For income tax years during the credit period, there is allowed to any qualified taxpayer a credit with respect to the income taxes imposed by this article 22 in the amount determined by the authority pursuant to this part 55. (2) The aggregate amount of credits allocated by …
Colo. Rev. Stat. § 39-22-5504 Recapture
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(1) As of the last day of any taxable year during the compliance period, if the amount of the qualified basis of a qualified development with respect to a taxpayer is less than the amount of the qualified basis as of the last day of the prior taxable year, then the amount of the …
Colo. Rev. Stat. § 39-22-5505 Filing requirements
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An owner of a qualified development to which a credit has been allocated and each qualified taxpayer to which such owner has allocated a portion of said credit, if any, shall file with their state income tax return a copy of the allocation certificate issued by the authority with…
Colo. Rev. Stat. § 39-22-5506 Parallel credits - insurance premium taxes
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(1) Any taxpayer who is subject to the tax on insurance premiums established by sections 10-3-209, 10-5-111, and 10-6-128 and therefore exempt from the payment of income tax and who is otherwise eligible to claim a credit pursuant to this part 55 may claim such credit and carry s…
Colo. Rev. Stat. § 39-22-5507 Compliance monitoring
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The authority, in consultation with the department, shall monitor and oversee compliance with this part 55 and shall report specific occurrences of noncompliance to the department. Source: L. 2024: Entire part added, (HB 24-1434), ch. 291, p. 1983, � 2, effective May 30.
Colo. Rev. Stat. § 39-22-5508 Repeal of part
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This part 55 is repealed, effective December 31, 2049. Source: L. 2024: Entire part added, (HB 24-1434), ch. 291, p. 1983, � 2, effective May 30.
Colo. Rev. Stat. § 39-22-5601 Legislative declaration
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(1) The general assembly finds and declares that: (a) Caring for pet animals and livestock that are displaced due to emergencies or are the victims of cruelty and neglect is important to Coloradans; (b) Research shows that during emergencies, people may not follow evacuation proc…
Colo. Rev. Stat. § 39-22-600.3 Definitions
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As used in this part 6, unless the context otherwise requires: (1) Frivolous return means a return filed by any person that purports to be a return of the tax imposed by this article 22 but that: (a) Does not contain information on which the substantial correctness of the return …
Colo. Rev. Stat. § 39-22-601 Returns - repeal
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(1) (a) (I) Whenever a resident individual or a nonresident individual with income from Colorado sources is required to file a federal income tax return under the provisions of section 6012 of the internal revenue code or whenever a resident individual or a nonresident individual…
Colo. Rev. Stat. § 39-22-601.5 Reporting federal adjustments - definitions
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(1) As used in this section, unless the context otherwise requires: (a) Administrative adjustment request means an administrative adjustment request filed by a partnership under section 6227 of the internal revenue code. (b) Audited partnership means a partnership subject to a pa…
Colo. Rev. Stat. § 39-22-602 Failure to make return - director may make
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(1) If any person fails or refuses to make any return required by this article, the executive director may make such return for such person from such information as may be available, and any assessment based on such return made by the executive director shall be as good and suffi…