Title 39, Taxation

(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…

(1) The general assembly hereby recognizes that businesses and other aspects of the economy need trained, educated, and motivated workers. It is therefore the intent of the general assembly to encourage private investment in programs that integrate traditional education with on-t…

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 …

(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…

(1) With respect to taxable years commencing on or after January 1, 1998, and prior to January 1, 2025, there shall be allowed to an employer of any person receiving public assistance pursuant to the Colorado works program set forth in part 7 of article 2 of title 26, a credit, f…

(1) For purposes of this section: (a) For income tax years commencing prior to January 1, 2021, "taxpayer" means a resident individual or a domestic or foreign corporation subject to the provisions of part 3 of this article, a partnership, S corporation, or other similar pass-thr…

(1) The general assembly hereby finds, determines, and declares that: (a) Colorado's conservation easement program is an important preservation tool used to balance economic needs with natural resources such as land and water preservation. Colorado's conservation easement tax cre…

(1) (a) For income tax years commencing on or after January 1, 2014, but prior to January 1, 2030, there is allowed a credit against the income taxes imposed by this article 22 for any approved environmental remediation of contaminated property to any taxpayer who meets the follo…

(1) As used in this section, unless the context otherwise requires: (a) "Labor services" means the physical performance of services in this state. (b) "Unauthorized alien" shall have the same meaning as set forth in 8 U.S.C. sec. 1324a (h)(3), as amended. (2) On or after January …

(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…

For the five consecutive income tax years immediately 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 on the income tax return form has become available and that the Fee…

(1) The department of revenue shall determine annually the total amount designated pursuant to section 39-22-5302 and shall report that amount to the state treasurer and to the general assembly. The state treasurer shall credit that amount to the Feeding Colorado fund, which fund…

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 …

(1) As used in this section, unless the context otherwise requires: (a) (I) "Affiliated group" means one or more chains of persons connected through stock or other ownership interests with a person if: (A) One or more of the other persons in the chain owns interests possessing mo…

(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 24-48.5-11…

(1) For tax years commencing on or after January 1, 2013, and prior to January 1, 2025, a person who buys the right to use a registration number under section 8-88-206 is allowed a credit against the income taxes imposed by this article 22 for twenty percent of the purchase price…

(1) The general assembly declares that the purpose of the tax expenditure in this section is to minimize the negative impact of the business personal property tax on businesses. (2) As used in this section, unless the context otherwise requires: (a) "Property tax" means the ad va…

(1) (a) The general assembly finds, determines, and declares that: (I) to (III) (Deleted by amendment, L. 2022.) (IV) The COVID-19 pandemic and subsequent economic crisis have caused significant challenges for Colorado's health-care system and exacerbated the workforce shortage a…

(1) The general assembly hereby finds and declares that the qualified state tuition savings program administered by collegeinvest helps empower families to save for higher education and enables residents to further educational opportunities and pursue professional goals. The purp…

(1) (a) The general assembly hereby finds and declares that: (I) Nearly two thousand four hundred Coloradans are currently on the waiting list for lifesaving organ transplants, and ninety-six percent of those people could receive an organ, such as a kidney or liver, from a living…

(1) In accordance with section 39-21-304, which requires each bill that creates a new tax expenditure to include a tax preference performance statement as part of a statutory legislative declaration, the general assembly finds and declares that the purposes of the tax credit allo…

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 …

(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…

(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…

(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 …

(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…

(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…

(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…

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.

(1) In accordance with section 39-21-304 (1), which requires any bill that creates a new tax expenditure or extends an expiring tax expenditure to include a tax preference performance statement as part of a statutory legislative declaration, the general assembly finds and declare…

(1) Legislative declaration. (a) The general assembly hereby finds and declares that: (I) The purpose of this section is to provide an incentive for businesses to establish employee stock ownership plans or employee ownership trusts or to convert to a worker-owned cooperative, an…

(1) Tax preference performance statement. (a) In accordance with section 39-21-304, which requires each bill that creates a new tax expenditure to include a tax preference performance statement as part of a statutory legislative declaration, the general assembly finds and declare…

(1) The general assembly declares that the purpose of the tax expenditure in this section is to reimburse a landowner for the costs incurred in performing wildfire mitigation measures on the landowner's property located within the state. (2) As used in this section, unless the co…

(1) (a) The general assembly hereby finds and declares that: (I) Colorado's affordable housing shortage is hurting seniors, making it more difficult for many seniors to afford housing; (II) The senior property tax exemption was adopted by Colorado voters in 2000 in order to help …

(1) (a) The general assembly hereby finds and declares that: (I) The general assembly has committed to reduce greenhouse gases through numerous policy and regulatory measures to meet the goals established in 2019; (II) Great quantities of emissions are released in the traditional…

(1) (a) In accordance with section 39-21-304 (1), which requires each bill that creates a new tax expenditure to include a tax preference performance statement as part of a statutory legislative declaration, the general assembly hereby finds and declares that the purposes of the …

(1) (a) The general assembly finds and declares that: (I) The benefits of quality child care and early childhood education are well documented and a striking connection exists between children's learning experiences well before kindergarten and their later school success; (II) Sm…

(1) (a) In accordance with section 39-21-304 (1), which requires each bill that creates a new tax expenditure or extends an expiring tax expenditure to include a tax preference performance statement as part of a statutory legislative declaration, the general assembly finds and de…

(1) (a) The general assembly hereby finds and declares that, in accordance with section 39-21-304 (1), which requires each bill that creates a new tax expenditure to include a tax preference performance statement as part of a statutory legislative declaration, the general assembl…

(1) (a) The general assembly finds and declares that: (I) Gasoline-powered lawn equipment, such as lawn mowers, leaf blowers, trimmers, and snowblowers, emits high levels of air pollutants, including nitrogen oxides and volatile organic compounds that, together, form ozone and pa…

(1) In accordance with section 39-21-304 (1), which requires each bill that creates a new tax expenditure to include a tax preference performance statement as part of a statutory legislative declaration, the general assembly finds and declares that the purpose of the tax credit p…

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 allo…

(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 …

(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 …

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…

(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…