§ 39-22-535. Credit for Purchase of Uniquely Valuable Motor Vehicle Registration Numbers
For tax years commencing on or after January 1, 2013, a person who buys a registration number under section 24-30-2206 is allowed a credit against the income taxes imposed by this article 22 for twenty percent of the portion of the purchase price that the Colorado disability funding committee, created in section 24-30-2203, certifies exceeds […]
§ 39-22-536. Credit for Food Contributed to Hunger-Relief Charitable Organizations – Definitions – Repeal
As used in this section: “Food bank” means a charitable organization exempt from federal income taxation under the provisions of the internal revenue code that annually distributes over ten million pounds of food and nonfood essentials to hunger-relief programs. “Food contribution” means a contribution by a taxpayer of food usable for human beings, such as […]
§ 39-22-537.5. Credit for Personal Property Taxes Paid – Legislative Declaration – Definitions – Repeal
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. As used in this section, unless the context otherwise requires: “Property tax” means the ad valorem tax imposed pursuant to section 3 of article X of the […]
§ 39-22-538. Credit for Health-Care Preceptors Working in Health Professional Shortage Areas – Legislative Declaration – Definitions
The general assembly finds, determines, and declares that: It is vital to the well-being, quality of life, and economic development of the entire state that excellent health care be available in all regions of the state, including rural and frontier areas; Rural areas of the state currently suffer from a shortage of primary health- care […]
§ 39-22-539. Credit for Employer Contributions to Employee 529 Qualified State Tuition Programs – Legislative Declaration – Definitions – Repeal
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 purpose of this section is to provide an incentive for employers to help their employees enhance education savings […]
§ 39-22-540. Credit – Organ Donor – Leave of Absence Period – Legislative Declaration – Definitions
The general assembly hereby finds and declares that: 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 donor; Last year, two hundred fifty-eight Coloradans died or became too sick […]
§ 39-22-541. Credit for Retrofitting a Residence to Increase a Residence’s Visitability – Legislative Declaration – Definitions – Repeal
The general assembly hereby finds and declares that the intended purpose of the tax credit created in this section is to make retrofitting a residence for health, welfare, and safety reasons more affordable. As used in this section: “Dependent” means: A qualifying child or qualifying relative as defined in sections 152 (c) and 152 (d), […]
§ 39-22-542. Tax Credit for Conversion Costs for Employee Business Ownership – Definitions – Declaration – Repeal
Legislative declaration. The general assembly hereby finds and declares that: The purpose of this section is to provide an incentive for small businesses to establish employee stock ownership plans or employee ownership trusts, or to convert to a worker-owned cooperative; An employee stock ownership plan allows companies to share ownership with employees without requiring employees […]
§ 39-22-522.5. Conservation Easement Tax Credits – Dispute Resolution – Legislative Declaration
The general assembly hereby finds, determines, and declares that: 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 credit and the federal tax deduction have allowed many farmers and ranchers the opportunity to donate their development rights […]
§ 39-22-526. Credit for Environmental Remediation of Contaminated Land – Definition – Repeal
For income tax years commencing on or after January 1, 2014, but prior to January 1, 2023, there is allowed a credit against the income taxes imposed by this article for any approved environmental remediation of contaminated property to any taxpayer who meets the following requirements: The property where the environmental remediation takes place must […]