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. For purposes of this article, the “net income” of a regulated investment company in each year in which the corporation is taxed as a regulated investment company for federal income […]
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. For purposes of this article, the “net income” of a real estate investment trust in each year in which the trust is taxed as a real estate investment trust […]
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 purposes shall be that portion of the federal […]
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.
As used in sections 39-22-504.5 to 39-22-504.7, unless the context otherwise requires: “Account administrator” means: 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 financial institutions bureau of the United States department of commerce; A national banking association, federal […]
Establishment of accounts. On and after January 1, 1995, an employer may offer to establish medical savings accounts. An employee on whose behalf a medical savings account has not been established by his or her employer may establish such an account on his or her own behalf. Each year an employer may contribute to an […]
Except as otherwise provided in this section, there shall be allowed to any person as a credit against the tax imposed by this article, for income tax years commencing on or after January 1, 1979, an amount equal to the total of: Investment tax credit carryovers claimed by such person for such taxable year; Ten […]
Except as otherwise provided in this section, there shall be allowed to any person as a credit against the tax imposed by part 3 of this article, for income tax years commencing on or after January 1, 1988, an amount equal to the total of: Investment tax credit carryovers claimed by such person for such […]
There shall be allowed to corporate employers a deduction from Colorado gross income, to the extent not previously deducted in arriving at Colorado gross income, equal to the employer’s contribution to: Free or partially subsidized ridesharing arrangements for employees, including, but not limited to, providing vehicles for such arrangements, cash incentives (not to exceed the […]
In the case of a chaplain, “salary” means the amount of money or credit received as compensation for services rendered, exclusive of mileage, traveling allowances, and other sums received for actual and necessary expenses incurred in the performance of the state’s business. The state of Colorado, being a tax-exempt entity, designates a portion of the […]
Except as otherwise provided in paragraph (b) of this subsection (1), for income tax years commencing on or after January 1, 1991, but prior to January 1, 2020, there shall be allowed a credit with respect to the income taxes imposed pursuant to the provisions of this article to each taxpayer: Who is the owner […]
Short title. The short title of this section is the “Colorado Job Creation and Main Street Revitalization Act”. Definitions. As used in this section, unless the context otherwise requires: “Certified historic structure” means a property located in Colorado that has been certified by the historical society or other reviewing entity because it has been: Listed […]
As used in this section, unless the context otherwise requires: “Actual cost incurred” means the actual cost paid by the purchaser for a used motor vehicle or conversion minus any credits, grants, or rebates, including federal credits, grants, or rebates for which the purchaser is eligible, but excluding the credit specified in this section. (a) […]
As used in this section, unless the context otherwise requires: “Actual cost incurred” means the actual cost paid by the purchaser for a new or used truck or clean fuel refrigerated trailer, conversion of a truck or clean fuel refrigerated trailer, idling reduction technologies, or aerodynamic technologies, minus any credits, grants, or rebates, including federal […]
With respect to taxable years commencing on or after January 1, 1992, there shall be allowed to any person operating a child care center, family child care home, or foster care home licensed pursuant to the provisions of section 26-6-104, C.R.S., a credit against the tax imposed by this article in the amount of twenty […]
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 earned by the qualified taxpayer during the taxable year […]
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-the-job training. It is further the intent of the general assembly to foster and encourage cooperation […]
With respect to taxable years commencing on or after January 1, 1998, 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, C.R.S., a credit, for not more than two years, against the tax imposed […]
For purposes of this section: 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-through entity, estate, or trust that donates a conservation easement as an […]
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 […]
