HB23-1006 | Employer Notice Of Income Tax Credits |
Comment: | |
Calendar Notification: | NOT ON CALENDAR |
Summary: | The law has required an employer to provide its employees with an annual statement showing the total compensation paid and the income tax withheld for the preceding calendar year. The act requires an employer to also provide written notice of the availability of the federal and state earned income tax credits and the federal and state child tax credits at least once annually. An employer may send the written notice to employees electronically, including via e-mail or text message. The written notice must be in English and any other language the employer uses to communicate with employees and must include any additional content that the department of revenue prescribes. APPROVED by Governor March 31, 2023 EFFECTIVE August 7, 2023 NOTE: This act was passed without a safety clause and takes effect 90 days after sine die. |
Status: | 1/9/2023 Introduced In House - Assigned to Business Affairs & Labor 1/26/2023 House Committee on Business Affairs & Labor Refer Amended to House Committee of the Whole 1/31/2023 House Second Reading Laid Over Daily - No Amendments 2/1/2023 House Second Reading Passed with Amendments - Committee 2/2/2023 House Third Reading Passed - No Amendments 2/6/2023 Introduced In Senate - Assigned to Business, Labor, & Technology 3/9/2023 Senate Committee on Business, Labor, & Technology Refer Unamended to Senate Committee of the Whole 3/13/2023 Senate Second Reading Laid Over Daily - No Amendments 3/14/2023 Senate Second Reading Passed - No Amendments 3/15/2023 Senate Third Reading Passed - No Amendments 3/21/2023 Signed by the Speaker of the House 3/22/2023 Signed by the President of the Senate 3/23/2023 Sent to the Governor 3/31/2023 Governor Signed |
Amendments: | House Journal, January 27 |
HB23-1015 | Taxation Tobacco Products Remote Retail Sellers |
Comment: | |
Calendar Notification: | NOT ON CALENDAR |
Summary: | The act categorizes the remote sales of certain kinds of tobacco products for purposes of establishing the regulation and taxation of the sales. The act exempts transactions involving the sale of cigars or pipe tobacco from the definition of "delivery sale" and instead creates and defines the term "remote retail sale" to include these transactions. The act also resolves an ambiguity about how the "manufacturer's list price" of a tobacco product is determined for both "delivery sales" and "remote retail sales". APPROVED by Governor May 1, 2023 EFFECTIVE January 1, 2024 NOTE: This act was passed without a safety clause. |
Status: | 1/9/2023 Introduced In House - Assigned to Finance 2/6/2023 House Committee on Finance Refer Amended to Appropriations 3/3/2023 House Committee on Appropriations Refer Unamended to House Committee of the Whole 3/3/2023 House Second Reading Special Order - Passed with Amendments - Committee 3/6/2023 House Third Reading Passed - No Amendments 3/9/2023 Introduced In Senate - Assigned to Finance 3/28/2023 Senate Committee on Finance Refer Amended to Senate Committee of the Whole 3/28/2023 Senate Committee on Finance Refer Amended - Consent Calendar to Senate Committee of the Whole 3/31/2023 Senate Second Reading Passed with Amendments - Committee 4/3/2023 Senate Third Reading Passed - No Amendments 4/4/2023 House Considered Senate Amendments - Result was to Laid Over Daily 4/13/2023 House Considered Senate Amendments - Result was to Concur - Repass 4/24/2023 Signed by the President of the Senate 4/24/2023 Signed by the Speaker of the House 4/25/2023 Sent to the Governor 5/1/2023 Governor Signed |
Amendments: | House Journal, February 7 Senate Journal, March 29 |
HB23-1016 | Temp Tax Credit For Public Service Retirees |
Comment: | |
Calendar Notification: | NOT ON CALENDAR |
Summary: |
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Status: | 1/9/2023 Introduced In House - Assigned to Finance 1/30/2023 House Committee on Finance Refer Amended to Appropriations 5/11/2023 House Committee on Appropriations Lay Over Unamended - Amendment(s) Failed |
Amendments: | House Journal, January 31 |
HB23-1017 | Electronic Sales And Use Tax Simplification System |
Comment: | |
Calendar Notification: | NOT ON CALENDAR |
Summary: | As part of an effort to simplify the sales and use tax system, the department of revenue (department) created the electronic sales and use tax simplification system (SUTS), which is a one-stop portal designed to facilitate the collection and remittance of sales and use tax. As soon as possible, but no later than January 1, 2025, the act requires the department to modify SUTS:
With the exception of charges for payments by credit cards, the act prohibits the department from imposing a convenience fee or any other type of charge for a payment through SUTS and from passing those charges on to local taxing jurisdictions. The act also requires the department to:
APPROVED by Governor June 5, 2023 EFFECTIVE August 7, 2023 NOTE: This act was passed without a safety clause and takes effect 90 days after sine die. |
Status: | 1/9/2023 Introduced In House - Assigned to Finance 2/6/2023 House Committee on Finance Refer Unamended to Appropriations 4/21/2023 House Committee on Appropriations Refer Amended to House Committee of the Whole 4/21/2023 House Second Reading Special Order - Passed with Amendments - Committee 4/24/2023 House Third Reading Passed - No Amendments 4/25/2023 Introduced In Senate - Assigned to Finance 5/2/2023 Senate Committee on Finance Refer Unamended to Appropriations 5/4/2023 Senate Committee on Appropriations Refer Amended to Senate Committee of the Whole 5/4/2023 Senate Second Reading Special Order - Passed with Amendments - Committee 5/5/2023 Senate Third Reading Passed - No Amendments 5/7/2023 House Considered Senate Amendments - Result was to Laid Over Daily 5/7/2023 House Considered Senate Amendments - Result was to Concur - Repass 5/17/2023 Sent to the Governor 5/17/2023 Signed by the President of the Senate 5/17/2023 Signed by the Speaker of the House 6/5/2023 Signed by Governor 6/5/2023 Governor Signed |
Amendments: | House Journal, April 21 Senate Journal, May 4 |
HB23-1018 | Timber Industry Incentives |
Comment: | |
Calendar Notification: | NOT ON CALENDAR |
Summary: | For income tax years beginning on or after January 1, 2023, but before January 1, 2028, a business involved in forestry, logging, the timber trade, the production of wood and secondary products, or forest health and wildfire mitigation activities in Colorado may claim a credit against state income tax for 20% of the cost incurred by the taxpayer in purchasing certain equipment, vehicles, and equipment infrastructure. The total aggregate credit in any one income tax year is limited to $10,000. Any amount of the credit that exceeds the taxpayer's income tax liability is not refundable but may be carried forward for up to 5 years.
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Status: | 1/9/2023 Introduced In House - Assigned to Agriculture, Water & Natural Resources 2/6/2023 House Committee on Agriculture, Water & Natural Resources Refer Amended to Finance 2/23/2023 House Committee on Finance Refer Unamended to Appropriations 5/11/2023 House Committee on Appropriations Lay Over Unamended - Amendment(s) Failed |
Amendments: | House Journal, February 7 |
HB23-1046 | Tax Credit Pre-adoption Leave |
Comment: | |
Calendar Notification: | NOT ON CALENDAR |
Summary: | Beginning January 1, 2024, an employer is allowed an income tax credit in an amount equal to 50% of the employer's expenses incurred from voluntarily paying:
The maximum amount of pre-adoption leave for which an employer can claim the credit is 12 weeks per employee. To be eligible for the credit, an employer must have a written policy offering pre-adoption leave. The credit is limited to pre-adoption leave for employees who have been employed for at least one year and who for the preceding year earned less than $80,000. The credit does not include the cost of any compensation in addition to wages that an employer pays or provides to an employee.
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Status: | 1/9/2023 Introduced In House - Assigned to Finance 2/6/2023 House Committee on Finance Witness Testimony and/or Committee Discussion Only 3/2/2023 House Committee on Finance Postpone Indefinitely |
Amendments: |
HB23-1052 | Mod Prop Tax Exemption For Veterans With Disab |
Comment: | |
Calendar Notification: | NOT ON CALENDAR |
Summary: | The state constitution allows a veteran who has a service-connected disability rated as a 100% permanent disability to claim a property tax exemption for a portion of the actual value of the veteran's owner-occupied primary residence. The 100% permanent disability requirement can only be changed through a constitutional amendment. If, at the 2024 general election, the voters of the state approve a constitutional amendment to expand eligibility for the exemption by allowing a veteran who has individual unemployability status, as determined by the United States department of veterans affairs, to claim the exemption, the act makes conforming statutory changes to reflect that expansion of the exemption. The act also requires a veteran who has individual unemployability status to be treated equivalently to a veteran who has 100% permanent disability when determining eligibility for any state veterans benefit. Finally, to comply with an existing statutory requirement that "people first language" be used in new or amended statutes that refer to persons with disabilities, the act also changes the existing terms "disabled veteran" and "disabled veterans" to "veteran with a disability" and "veterans with a disability". APPROVED by Governor April 28, 2023 EFFECTIVE January 1, 2025 NOTE: This act was passed without a safety clause. Section 11 of the act states that the act takes effect only if a constitutional amendment to section 3.5 (1.5) of article X of the state constitution that modifies the definition of "disabled veteran" by changing the term to "veteran with a disability" and including a veteran who has individual unemployability status as determined by the United States department of veterans affairs is approved by the people at the next general election and becomes law. |
Status: | 1/9/2023 Introduced In House - Assigned to State, Civic, Military, & Veterans Affairs 1/23/2023 House Committee on State, Civic, Military, & Veterans Affairs Refer Unamended to House Committee of the Whole 1/26/2023 House Second Reading Laid Over to 01/30/2023 - No Amendments 1/30/2023 House Second Reading Passed - No Amendments 1/31/2023 House Third Reading Passed - No Amendments 2/2/2023 Introduced In Senate - Assigned to State, Veterans, & Military Affairs 4/6/2023 Senate Committee on State, Veterans, & Military Affairs Refer Unamended - Consent Calendar to Senate Committee of the Whole 4/12/2023 Senate Second Reading Special Order - Passed - No Amendments 4/13/2023 Senate Third Reading Passed - No Amendments 4/20/2023 Signed by the Speaker of the House 4/20/2023 Signed by the President of the Senate 4/21/2023 Sent to the Governor 4/28/2023 Governor Signed |
Amendments: |
HB23-1063 | Reduction Of State Income Tax Rate |
Comment: | |
Calendar Notification: | NOT ON CALENDAR |
Summary: | For income tax years commencing on and after January 1, 2024, the bill reduces both the individual and the corporate state income tax rates from 4.40% to 3.5%. The bill also exempts the rate reductions from the existing statutory requirements that tax expenditure legislation include a tax preference performance statement in a statutory legislative declaration and a repeal after a specified period of tax years.
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Status: | 1/19/2023 Introduced In House - Assigned to State, Civic, Military, & Veterans Affairs 2/9/2023 House Committee on State, Civic, Military, & Veterans Affairs Postpone Indefinitely |
Amendments: |
HB23-1079 | Income Tax Credits For Nonpublic Education |
Comment: | |
Calendar Notification: | NOT ON CALENDAR |
Summary: | The bill establishes a private school tuition income tax credit for income tax years commencing on or after January 1, 2024, that allows any taxpayer to claim a credit when the taxpayer enrolls a qualified child in a private school or the taxpayer provides a scholarship to a qualified child for enrollment in a private school. The private school issues the taxpayer a credit certificate and the amount of the credit is:
The bill also establishes an income tax credit for income tax years commencing on or after January 1, 2024, that allows any taxpayer who uses home-based education for a qualified child to claim an income tax credit in an amount equal to:
Both credits may be carried forward for 3 years but may not be refunded. In addition, the credits may be transferred, subject to certain limitations.
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Status: | 1/19/2023 Introduced In House - Assigned to Education 2/16/2023 House Committee on Education Postpone Indefinitely |
Amendments: |
HB23-1091 | Continuation Of Child Care Contribution Tax Credit |
Comment: | |
Calendar Notification: | NOT ON CALENDAR |
Summary: | For income tax years commencing prior to January 1, 2025, a taxpayer who makes a monetary contribution to promote child care in the state is allowed an income tax credit that is equal to 50% of the total value of the contribution. The act extends the credit for 3 years. The act requires the department of revenue to consult with the early childhood leadership commission, the public-private collaboration unit in the department of personnel, and the department of early childhood to develop recommendations for measuring the effectiveness of the tax credit and recommendations for improving and expanding the tax credit. The act also requires the state auditor to prepare the tax expenditure evaluation report for the credit that the law periodically requires in the income tax year commencing January 1, 2026. For the 2023-24 state fiscal year, $78,254 is appropriated from the general fund to the department of revenue to implement the act and $10,881 of the appropriation is reappropriated to the department of personnel to provide document management services for the department of revenue. APPROVED by Governor May 23, 2023 EFFECTIVE August 7, 2023 NOTE: This act was passed without a safety clause and takes effect 90 days after sine die. |
Status: | 1/19/2023 Introduced In House - Assigned to Finance 2/2/2023 House Committee on Finance Refer Amended to Appropriations 4/14/2023 House Committee on Appropriations Refer Amended to House Committee of the Whole 4/14/2023 House Second Reading Special Order - Passed with Amendments - Committee, Floor 4/15/2023 House Third Reading Passed - No Amendments 4/17/2023 Introduced In Senate - Assigned to Finance 4/25/2023 Senate Committee on Finance Refer Unamended to Appropriations 4/28/2023 Senate Committee on Appropriations Refer Unamended - Consent Calendar to Senate Committee of the Whole 4/28/2023 Senate Second Reading Special Order - Passed - No Amendments 5/1/2023 Senate Third Reading Passed - No Amendments 5/22/2023 Sent to the Governor 5/22/2023 Signed by the President of the Senate 5/22/2023 Signed by the Speaker of the House 5/23/2023 Governor Signed |
Amendments: | House Journal, February 3 |
HB23-1121 | Repeal Of Infrequently Used Tax Expenditures |
Comment: | |
Calendar Notification: | NOT ON CALENDAR |
Summary: | The act repeals the following infrequently used tax expenditures:
APPROVED by Governor March 23, 2023 EFFECTIVE August 7, 2023 NOTE: This act was passed without a safety clause and takes effect 90 days after sine die. |
Status: | 1/27/2023 Introduced In House - Assigned to Finance 2/9/2023 House Committee on Finance Refer Unamended to House Committee of the Whole 2/10/2023 House Second Reading Special Order - Passed - No Amendments 2/13/2023 House Third Reading Passed - No Amendments 2/15/2023 Introduced In Senate - Assigned to Finance 3/7/2023 Senate Committee on Finance Refer Unamended to Senate Committee of the Whole 3/9/2023 Senate Second Reading Passed - No Amendments 3/10/2023 Senate Third Reading Passed - No Amendments 3/15/2023 Signed by the Speaker of the House 3/16/2023 Sent to the Governor 3/16/2023 Signed by the President of the Senate 3/23/2023 Governor Signed |
Amendments: |
HB23-1122 | Tax Credit For Purchase Long-term Care Insurance |
Comment: | |
Calendar Notification: | NOT ON CALENDAR |
Summary: |
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Status: | 1/27/2023 Introduced In House - Assigned to Finance 2/13/2023 House Committee on Finance Refer Unamended to Appropriations 5/11/2023 House Committee on Appropriations Lay Over Unamended - Amendment(s) Failed |
Amendments: |
HB23-1128 | Income Tax Credits And Deductions Married Taxpayers |
Comment: | |
Calendar Notification: | NOT ON CALENDAR |
Summary: |
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Status: | 1/30/2023 Introduced In House - Assigned to Finance 2/23/2023 House Committee on Finance Witness Testimony and/or Committee Discussion Only 3/6/2023 House Committee on Finance Postpone Indefinitely |
Amendments: |
HB23-1129 | Tax Credit Lifebuoy Apparatus |
Comment: | |
Calendar Notification: | NOT ON CALENDAR |
Summary: | The bill establishes a state income tax credit for the purchase and installation of a lifebuoy apparatus in a subdivision with a body of water beginning January 1, 2023. The tax credit is for $1,500 per lifebuoy apparatus purchased and installed in the subdivision by an eligible purchaser. The tax credit may be claimed only once per lifebuoy apparatus and is not refundable, but may be carried forward up to 5 years. An eligible purchaser must certify to the department of revenue each lifebuoy apparatus purchased and installed during each tax year for which the credit is claimed. |
Status: | 1/30/2023 Introduced In House - Assigned to Finance 2/16/2023 House Committee on Finance Refer Amended to Appropriations 5/11/2023 House Committee on Appropriations Lay Over Unamended - Amendment(s) Failed |
Amendments: | House Journal, February 17 |
HB23-1166 | Repeal Retail Delivery Fees |
Comment: | |
Calendar Notification: | NOT ON CALENDAR |
Summary: | A retail delivery is a retail sale of tangible personal property that is subject to state sales tax by a retailer for delivery by a motor vehicle to the purchaser at any location in the state. As authorized by current law, retail delivery fees are imposed on each retail delivery by:
Effective July 1, 2023, the bill eliminates the retail delivery fees by specifying that they may only be collected for the 2022-23 state fiscal year.
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Status: | 2/2/2023 Introduced In House - Assigned to Transportation, Housing & Local Government 2/21/2023 House Committee on Transportation, Housing & Local Government Postpone Indefinitely |
Amendments: |
HB23-1189 | Employer Assistance For Home Purchase Tax Credit |
Comment: | |
Calendar Notification: | NOT ON CALENDAR |
Summary: | The act creates a state income tax credit for income tax years commencing on or after January 1, 2024, but before January 1, 2027, for employers who make a monetary contribution to an employee for use by the employee in purchasing a primary residence. The amount of the credit allowed is 5% of an employer's contribution to an employee, but the credit is capped at $5,000 per employee per year and an employer cannot receive a credit of more than $500,000 for all contributions made in a year to employees. The employee must use the money contributed for eligible expenses which include a down payment and closing costs, including fees for appraisals, mortgage origination, and inspections. An employee may authorize their employer to withhold a specified amount of the employee's earnings as an employee contribution into the savings account established by the employer that holds the employer contribution. If an employee ends their employment with the employer or if the employee intends to use the employee contribution in a manner that is not consistent with an eligible expense, the employee forfeits any unexpended amount of the employer contribution and the amount of the credit allowed to the employer for the employer contribution is subject to recapture. In such an occurrence, the employee is entitled to the employee contribution, plus any interest earned. The credit is not refundable but may be carried forward by the employer for a period of not more than 5 years. The executive director of the department of revenue may promulgate rules related to the implementation of the credit. For income tax years commencing on or after January 1, 2024, but before January 1, 2027, the amount contributed by the employer may be subtracted by the employee from the employee's federal taxable income for the purpose of determining their state taxable income; except that, if an employee forfeits the employer contribution, then the amount that the employee had subtracted from their federal taxable income is added back to their federal taxable income for the purpose of determining their state taxable income for the subsequent tax year. APPROVED by Governor June 7, 2023 EFFECTIVE August 7, 2023 NOTE: This act was passed without a safety clause and takes effect 90 days after sine die. |
Status: | 2/10/2023 Introduced In House - Assigned to Finance 2/27/2023 House Committee on Finance Refer Unamended to Appropriations 4/28/2023 House Committee on Appropriations Refer Amended to House Committee of the Whole 4/28/2023 House Second Reading Special Order - Laid Over Daily - No Amendments 4/29/2023 House Second Reading Special Order - Passed with Amendments - Committee, Floor 5/1/2023 House Third Reading Passed - No Amendments 5/1/2023 Introduced In Senate - Assigned to Finance 5/4/2023 Senate Committee on Finance Refer Amended to Appropriations 5/5/2023 Senate Committee on Appropriations Refer Unamended to Senate Committee of the Whole 5/5/2023 Senate Second Reading Special Order - Passed with Amendments - Committee 5/6/2023 Senate Third Reading Passed - No Amendments 5/7/2023 House Considered Senate Amendments - Result was to Concur - Repass 5/22/2023 Sent to the Governor 5/22/2023 Signed by the President of the Senate 5/22/2023 Signed by the Speaker of the House 6/7/2023 Governor Signed |
Amendments: | House Journal, April 28 House Journal, April 29 |
HB23-1208 | Income Tax Credit For Eligible Teachers |
Comment: | |
Calendar Notification: | NOT ON CALENDAR |
Summary: | For income tax years commencing on or after January 1, 2023, but before January 1, 2027, the bill allows a refundable state income tax credit, which is intended to offset the various expenses that licensed teachers often incur throughout an academic year for classroom supplies, professional development costs, supplemental educational materials, field trips, and other items that improve the quality of the educational services that they provide, to a licensed teacher who is employed as a teacher in a public school on a full-time basis for at least one-half of an academic year (eligible teacher) during the income tax year for which the credit is claimed. The amount of the credit is $1,000 for an eligible teacher who is employed for the equivalent of an entire academic year and $500 for a teacher who is employed for one-half of an academic year. Two eligible teachers who file a joint income tax return may each claim the credit. |
Status: | 2/17/2023 Introduced In House - Assigned to Education 3/23/2023 House Committee on Education Refer Unamended to Finance 4/3/2023 House Committee on Finance Refer Unamended to Appropriations 5/11/2023 House Committee on Appropriations Lay Over Unamended - Amendment(s) Failed |
Amendments: |
HB23-1240 | Sales Use Tax Exemption Wildfire Disaster Construction |
Comment: | |
Calendar Notification: | NOT ON CALENDAR |
Summary: | The act creates a sales and use tax exemption for construction and building materials used directly in rebuilding or repairing a residential structure damaged or destroyed by a declared wildfire disaster in calendar year 2020, 2021, or 2022 (wildfire rebuild exemption). In addition to the state sales and use tax, the wildfire rebuild exemption extends to the sales and use taxes levied by the regional transportation district and the scientific and cultural facilities district. The exemption does not apply to the sales or use taxes levied by any other local government, including any city, town, county, special purpose district, or limited purpose governmental entity. The exemption is to be administered by the department of revenue (department) solely as a refund allowed to qualified homeowners. To be qualified, a homeowner must certify that:
A qualified homeowner may claim a refund by obtaining and submitting to the department a building permit and a wildfire rebuild exemption certificate for each qualified residential structure from the local government authorized to issue a building permit in the area in which the qualified residential structure is located. The amount of the refund is equal to 4.0% of the estimated construction and building materials cost for repairing or rebuilding the qualified residential structure. The estimated construction and building materials cost is the cost amount used by the local government to collect estimated use tax, as stated in the building permit. If no estimated use tax has been collected, the estimated construction and building materials cost is half of the total contract price or total cost for rebuilding or repairing the qualified residential structure. The act amends the 3-year statute of limitations for state sales and use tax refund claims to allow a qualified homeowner to claim a refund based on the wildfire rebuild exemption at any time on or before June 30, 2028. The act also requires the department to prioritize refund applications based on the wildfire rebuild exemption over refund applications submitted pursuant to other provisions of law. For the 2023-24 state fiscal year, $72,267 is appropriated from the general fund to the department for use by taxation services to implement the act. APPROVED by Governor May 12, 2023 EFFECTIVE May 12, 2023 |
Status: | 3/11/2023 Introduced In House - Assigned to Finance 3/20/2023 House Committee on Finance Refer Unamended to Appropriations 4/18/2023 House Committee on Appropriations Refer Amended to House Committee of the Whole 4/19/2023 House Second Reading Special Order - Laid Over Daily - No Amendments 4/20/2023 House Second Reading Special Order - Passed with Amendments - Committee, Floor 4/21/2023 House Third Reading Passed - No Amendments 4/24/2023 Introduced In Senate - Assigned to Finance 5/2/2023 Senate Committee on Finance Refer Amended to Appropriations 5/4/2023 Senate Committee on Appropriations Refer Amended to Senate Committee of the Whole 5/4/2023 Senate Second Reading Special Order - Passed with Amendments - Committee 5/5/2023 Senate Third Reading Passed - No Amendments 5/7/2023 House Considered Senate Amendments - Result was to Laid Over Daily 5/7/2023 House Considered Senate Amendments - Result was to Concur - Repass 5/10/2023 Signed by the President of the Senate 5/10/2023 Signed by the Speaker of the House 5/11/2023 Sent to the Governor 5/12/2023 Governor Signed |
Amendments: | House Journal, April 19 House Journal, April 20 Senate Journal, May 3 Senate Journal, May 4 |
HB23-1272 | Tax Policy That Advances Decarbonization |
Comment: | |
Calendar Notification: | NOT ON CALENDAR |
Summary: | The length of the bill summary for this bill requires it to be published on a separate page here: https://leg.colorado.gov/hb23-1272-bill-summary APPROVED by Governor May 11, 2023 EFFECTIVE May 11, 2023 |
Status: | 3/30/2023 Introduced In House - Assigned to Energy & Environment 4/6/2023 House Committee on Energy & Environment Refer Amended to Finance 4/13/2023 House Committee on Finance Refer Amended to Appropriations 4/21/2023 House Committee on Appropriations Refer Amended to House Committee of the Whole 4/21/2023 House Second Reading Special Order - Passed with Amendments - Committee, Floor 4/24/2023 House Third Reading Passed - No Amendments 4/25/2023 Introduced In Senate - Assigned to Finance 4/27/2023 Senate Committee on Finance Refer Amended to Appropriations 4/28/2023 Senate Committee on Appropriations Refer Unamended to Senate Committee of the Whole 4/28/2023 Senate Second Reading Special Order - Passed with Amendments - Committee, Floor 5/1/2023 Senate Third Reading Passed - No Amendments 5/2/2023 House Considered Senate Amendments - Result was to Concur - Repass 5/4/2023 Signed by the Speaker of the House 5/5/2023 Sent to the Governor 5/5/2023 Signed by the President of the Senate 5/11/2023 Governor Signed |
Amendments: | House Journal, April 10 House Journal, April 21 House Journal, April 21 Senate Journal, April 28 |
HB23-1277 | Reporting Adjustments To Taxable Income |
Comment: | |
Calendar Notification: | NOT ON CALENDAR |
Summary: | The act changes how pass-through entities may elect to pay taxes, specifies how to report and account for adjustments to federal taxable income, and changes the due date for filing a C-corporation income tax return. Partnerships and S corporations (pass-through entities) have had 3 options for ensuring that the income taxes owed by nonresident owners will be paid. Pass-through entities have been able to file a composite return on behalf of these owners, withhold an estimated tax payment, or collect and file an agreement that the owner will file a separate return. For income tax years beginning on and after January 1, 2024, section 1 of the act consolidates the composite return and withholding options and clarifies the calculation of the required payment. Section 2 adopts the multistate tax commission's model statute for reporting adjustments to federal taxable income. When federal taxable income is adjusted by the internal revenue service, or by the taxpayer through an amended federal return, the taxpayer must also report that change to the state. Those changes have had to be reported within 30 days and new federal centralized partnership audit procedures have not been addressed. The act provides additional time for reporting adjustments and allows pass-through entities to handle adjustments at the entity level on behalf of their owners. Section 3 changes the due date for income tax returns by C corporations. State income tax returns have had to be filed by C corporations by April 15, and prior to 2017, the federal income tax return deadline for C corporations was March 15. This meant that the state's April 15 due date and October 15 extension deadline was one month after the federal due date. In 2017, congress moved the federal due date for C corporations to April 15. Section 3 restores the one-month lag by changing the state due date to May 15, with a November 15 extension deadline. APPROVED by Governor June 1, 2023 PORTIONS EFFECTIVE January 1, 2024 PORTIONS EFFECTIVE August 7, 2023 NOTE: This act was passed without a safety clause and portions of it take effect 90 days after sine die. |
Status: | 3/30/2023 Introduced In House - Assigned to Finance 4/10/2023 House Committee on Finance Refer Unamended to Appropriations 4/18/2023 House Committee on Appropriations Refer Unamended to House Committee of the Whole 4/20/2023 House Second Reading Laid Over Daily - No Amendments 4/21/2023 House Second Reading Special Order - Passed - No Amendments 4/24/2023 House Third Reading Passed - No Amendments 4/25/2023 Introduced In Senate - Assigned to Finance 5/2/2023 Senate Committee on Finance Refer Unamended to Appropriations 5/5/2023 Senate Committee on Appropriations Refer Unamended to Senate Committee of the Whole 5/5/2023 Senate Second Reading Special Order - Passed - No Amendments 5/6/2023 Senate Third Reading Passed - No Amendments 5/17/2023 Sent to the Governor 5/17/2023 Signed by the President of the Senate 5/17/2023 Signed by the Speaker of the House 6/1/2023 Signed by Governor 6/1/2023 Governor Signed |
Amendments: |
SB23-080 | Tax Credit Parental Engagement In Schools |
Comment: | |
Calendar Notification: | NOT ON CALENDAR |
Summary: | The bill establishes a parental engagement in schools income tax credit for income tax years commencing on or after January 1, 2024, that allows a taxpayer who is a parent (taxpayer) to claim a credit when the taxpayer volunteers in the school of the taxpayer's child. Taxpayers are allowed a credit of $20 for each volunteer hour, up to $500. Eligible schools include a school of a school district, a district charter school, an institute charter school, or a board of cooperative services. An eligible school shall issue a credit certificate to any taxpayer who volunteers in the school. The credit certificate allows the taxpayer to claim a credit with respect to the income taxes imposed by the state. To claim a credit, the taxpayer must submit the credit certificate to the department of revenue (department) with the taxpayer's income tax return for the income tax year for which a credit is claimed. The amount of the credit that exceeds the taxpayer's income taxes due is refunded to the taxpayer. The bill encourages eligible schools to promote the credit to parents at the start of each school year and to provide volunteer opportunities throughout the year to accommodate parent schedules and interests. The bill requires the Colorado state advisory council for parent involvement in education (council) to develop marketing materials to promote the credit to parents. The council shall conduct training sessions to instruct eligible schools on how to implement and manage a volunteer program to align with the credit. The training sessions must use best practices for parental engagement. On or before May 1, 2025, the council shall create and distribute a statewide parental engagement feedback survey (survey) to solicit and collect parental engagement feedback from parents. The purpose of the survey is to measure parental engagement participation and to determine whether parental engagement provides support to eligible schools. At the end of each school year through 2029, eligible schools are required to solicit feedback, using the council's survey, from parents concerning volunteer experiences. On or before July 1, 2025, and each July 1 thereafter through July 1, 2029, eligible schools shall submit the survey data to the school districts. On or before October 1, 2025, and each October 1 thereafter through October 1, 2029, school districts shall report the survey data to the department of education. The bill requires the department of education to submit an annual report summarizing the survey data reported by the school districts to the department on February 15, 2026, and each February 15 thereafter through February 15, 2030, to the state auditor, the education committees of the house of representatives and the senate, or their successor committees, and the finance committees of the house of representatives and the senate, or their successor committees. The bill repeals the income tax credit, effective July 1, 2032.
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Status: | 1/27/2023 Introduced In Senate - Assigned to Education 2/13/2023 Senate Committee on Education Witness Testimony and/or Committee Discussion Only 2/14/2023 Senate Committee on Education Postpone Indefinitely |
Amendments: |
SB23-105 | Ensure Equal Pay For Equal Work |
Comment: | |
Calendar Notification: | NOT ON CALENDAR |
Summary: | Current law authorizes the director of the division of labor standards and statistics in the department of labor and employment (director) to create and administer a process to accept and mediate wage complaints, to provide legal resources concerning alleged wage inequity, and to promulgate rules as necessary for this purpose. The act changes these authorizations to requirements and further requires the director to create and administer a complaint mediation process by July 1, 2024. Additionally, the act requires the director to:
The act also requires an employer to:
For positions with career progression, the act requires an employer to disclose and make available to all eligible employees the requirements for the career progression. $412,438 is appropriated from the general fund to implement the act. Of that sum, $292,590 is appropriated to the department of labor and employment and $119,848 is appropriated to the department of personnel. APPROVED by Governor June 5, 2023 EFFECTIVE January 1, 2024 NOTE: This act was passed without a safety clause. |
Status: | 1/31/2023 Introduced In Senate - Assigned to Business, Labor, & Technology 2/21/2023 Senate Committee on Business, Labor, & Technology Witness Testimony and/or Committee Discussion Only 2/28/2023 Senate Committee on Business, Labor, & Technology Refer Amended to Appropriations 4/6/2023 Senate Committee on Appropriations Refer Amended to Senate Committee of the Whole 4/11/2023 Senate Second Reading Laid Over Daily - No Amendments 4/12/2023 Senate Second Reading Passed with Amendments - Committee, Floor 4/13/2023 Senate Third Reading Passed - No Amendments 4/13/2023 Introduced In House - Assigned to State, Civic, Military, & Veterans Affairs 4/24/2023 House Committee on State, Civic, Military, & Veterans Affairs Refer Amended to Appropriations 4/28/2023 House Committee on Appropriations Refer Unamended to House Committee of the Whole 4/29/2023 House Second Reading Special Order - Passed with Amendments - Committee, Floor 5/1/2023 House Third Reading Passed - No Amendments 5/3/2023 Senate Considered House Amendments - Result was to Laid Over Daily 5/4/2023 Senate Considered House Amendments - Result was to Concur - Repass 5/4/2023 Senate Considered House Amendments - Result was to Reconsider 5/4/2023 Senate Considered House Amendments - Result was to Not Concur - Request Conference Committee 5/9/2023 Signed by the Speaker of the House 5/10/2023 Sent to the Governor 5/10/2023 Signed by the President of the Senate 6/5/2023 Governor Signed |
Amendments: | Senate Journal, March 1 Senate Journal, April 6 Senate Journal, April 12 House Journal, April 24 House Journal, April 29 |
SB23-143 | Retail Delivery Fees |
Comment: | |
Calendar Notification: | NOT ON CALENDAR |
Summary: | Currently, the state and several state enterprises impose fees on retail sales of taxable tangible personal property delivered by motor vehicle to a location in the state. These fees are collectively known as the retail delivery fee (RDF), and a retailer who makes a retail delivery is required to add the RDF to the price of the retail delivery, collect it from the purchaser, and pay the RDF revenue to the department of revenue (department), which distributes the revenue to the appropriate cash funds. The department generally administers the RDF in the same manner as the state sales and use tax. The act modifies this administration by permitting a retailer to pay the RDF on behalf of the purchaser. If the retailer elects to pay the RDF, then the retailer is:
The department is required to waive any processing costs for a retailer's electronic payment by automated clearing house (ACH) debit of the RDF if the charges would exceed the amount of the RDF revenue being remitted. The act creates an exemption from the RDF for a retail delivery by a qualified business, which is a business that has $500,000 or less of retail sales in the prior year or is new, that applies retroactively to when RDFs were first imposed. A purchaser is not eligible for a refund of any RDF that is collected and remitted to the department by a qualified business prior to the effective date of the act. The act also creates a primary definition for "retail delivery" that is cross-referenced in other RDF provisions, and related to this change, a definition of "retail sale" is repealed where the cross reference makes it unnecessary. APPROVED by Governor May 4, 2023 EFFECTIVE May 4, 2023 |
Status: | 2/8/2023 Introduced In Senate - Assigned to Finance 2/21/2023 Senate Committee on Finance Refer Unamended to Appropriations 3/3/2023 Senate Second Reading Special Order - Passed with Amendments - Committee 3/3/2023 Senate Committee on Appropriations Refer Amended - Consent Calendar to Senate Committee of the Whole 3/6/2023 Senate Third Reading Passed - No Amendments 3/11/2023 Introduced In House - Assigned to Finance 3/20/2023 House Committee on Finance Refer Unamended to Appropriations 4/14/2023 House Committee on Appropriations Refer Amended to House Committee of the Whole 4/14/2023 House Second Reading Special Order - Passed with Amendments - Committee 4/15/2023 House Third Reading Laid Over Daily - No Amendments 4/17/2023 House Third Reading Passed - No Amendments 4/18/2023 Senate Considered House Amendments - Result was to Concur - Repass 4/26/2023 Signed by the President of the Senate 4/27/2023 Signed by the Speaker of the House 4/27/2023 Sent to the Governor 5/4/2023 Governor Signed |
Amendments: | Senate Journal, March 3 |
SB23-156 | Sunset Private Letter Ruling And Information Letter |
Comment: | |
Calendar Notification: | NOT ON CALENDAR |
Summary: | The act implements the recommendations of the department of regulatory agencies, as contained in the department's sunset review of the issuance of private letter rulings (rulings) and information letters (letters) by the department of revenue, as follows:
For the 2023-24 fiscal year, the act appropriates $53,644 from the private letter ruling fund to the department of revenue for use by the taxation business group for personal services related to taxation services. APPROVED by Governor May 1, 2023 EFFECTIVE August 7, 2023 NOTE: This act was passed without a safety clause and takes effect 90 days after sine die. |
Status: | 2/15/2023 Introduced In Senate - Assigned to Finance 3/2/2023 Senate Committee on Finance Refer Amended to Appropriations 3/10/2023 Senate Committee on Appropriations Refer Amended - Consent Calendar to Senate Committee of the Whole 3/10/2023 Senate Second Reading Special Order - Passed with Amendments - Committee 3/13/2023 Senate Third Reading Passed - No Amendments 3/14/2023 Introduced In House - Assigned to Finance 3/30/2023 House Committee on Finance Refer Unamended to Appropriations 4/14/2023 House Committee on Appropriations Refer Unamended to House Committee of the Whole 4/14/2023 House Second Reading Special Order - Passed - No Amendments 4/15/2023 House Third Reading Laid Over Daily - No Amendments 4/17/2023 House Third Reading Passed - No Amendments 4/26/2023 Signed by the President of the Senate 4/27/2023 Sent to the Governor 4/27/2023 Signed by the Speaker of the House 5/1/2023 Governor Signed |
Amendments: | Senate Journal, March 3 Senate Journal, March 10 |
SB23-196 | Income Tax Credit For Retrofitting A Home For Health Reasons |
Comment: | |
Calendar Notification: | NOT ON CALENDAR |
Summary: | The act extends for an additional 5 years the income tax credit for expenses incurred by an individual with a family income at or below $150,00, adjusted for inflation, (qualified individual) in retrofitting the individual's residence to increase its accessibility for persons with disabilities. The act also extends the credit carry-forward period from 5 to 8 years. APPROVED by Governor May 30, 2023 EFFECTIVE August 7, 2023 NOTE: This act was passed without a safety clause and takes effect 90 days after sine die. |
Status: | 3/16/2023 Introduced In Senate - Assigned to Finance 3/23/2023 Senate Committee on Finance Refer Unamended to Appropriations 4/6/2023 Senate Committee on Appropriations Refer Unamended - Consent Calendar to Senate Committee of the Whole 4/6/2023 Senate Second Reading Special Order - Passed - No Amendments 4/10/2023 Senate Third Reading Passed - No Amendments 4/10/2023 Introduced In House - Assigned to Finance 4/17/2023 House Committee on Finance Refer Unamended to Appropriations 4/21/2023 House Committee on Appropriations Refer Unamended to House Committee of the Whole 4/24/2023 House Second Reading Special Order - Passed - No Amendments 4/25/2023 House Third Reading Laid Over Daily - No Amendments 4/26/2023 House Third Reading Passed - No Amendments 5/3/2023 Signed by the President of the Senate 5/4/2023 Sent to the Governor 5/4/2023 Signed by the Speaker of the House 5/30/2023 Governor Signed |
Amendments: |
SB23-204 | Correct Erroneous Property Tax Exemption End Date |
Comment: | |
Calendar Notification: | NOT ON CALENDAR |
Summary: | Due to a defective statutory date reference, a property tax exemption for agricultural equipment that is used in any controlled environment agricultural facility was going to be in effect for 6 years instead of the 5 years intended by the general assembly when it enacted the property tax exemption. The act corrects the defective date reference so that the exemption will only be in effect for 5 years. APPROVED by Governor May 12, 2023 EFFECTIVE August 7, 2023 NOTE: This act was passed without a safety clause and takes effect 90 days after sine die. |
Status: | 3/20/2023 Introduced In Senate - Assigned to Agriculture & Natural Resources 3/30/2023 Senate Committee on Agriculture & Natural Resources Refer Unamended - Consent Calendar to Senate Committee of the Whole 4/4/2023 Senate Second Reading Passed - No Amendments 4/5/2023 Senate Third Reading Passed - No Amendments 4/5/2023 Introduced In House - Assigned to Agriculture, Water & Natural Resources 4/17/2023 House Committee on Agriculture, Water & Natural Resources Refer Unamended to House Committee of the Whole 4/19/2023 House Second Reading Special Order - Passed - No Amendments 4/20/2023 House Third Reading Laid Over Daily - No Amendments 4/21/2023 House Third Reading Passed - No Amendments 5/4/2023 Signed by the President of the Senate 5/5/2023 Signed by the Speaker of the House 5/5/2023 Sent to the Governor 5/12/2023 Governor Signed |
Amendments: |
SB23-207 | Sales And Use Tax Refund For Data Center Purchases |
Comment: | |
Calendar Notification: | NOT ON CALENDAR |
Summary: | For the state fiscal year beginning July 1, 2025, and for each state fiscal year thereafter through the state fiscal year beginning July 1, 2034, the bill allows a data center business or a data center operator (taxpayer) to claim a refund of all state sales and use tax that the taxpayer paid for construction materials or data center equipment that is for the construction or operation of an eligible data center. To be eligible to claim a sales and use tax refund, the taxpayer is required to obtain certification from the Colorado office of economic development (office) stating that the data center is an eligible data center and that the taxpayer may claim a refund of state sales and use tax (certification). An "eligible data center" is defined as a data center that creates a specified number of jobs, generates a specified amount of revenue, and requires a specified amount of power. The sales and use tax refund is allowed only for the sale, storage, or use of construction materials or data center equipment that occurs on or after the date that the taxpayer obtains certification from the office. When a taxpayer believes that the data center that will be identified in a sales and use tax refund application satisfies the criteria to be an eligible data center, the taxpayer may apply to the office for the certification. The taxpayer must demonstrate in the certification application that the data center is an eligible data center and the taxpayer is required to submit any documentation or proof that the office deems necessary to determine whether a data center satisfies the criteria to be an eligible data center. If, based on the information provided to the office and after consultation with the economic development commission, the office determines that a data center satisfies the criteria to be an eligible data center, the office is required to notify the department of revenue (department) and issue a certification to the taxpayer. To claim a sales and use tax refund, a taxpayer must submit a refund application and a copy of the certification from the office to the department. A taxpayer is required to submit certain documentation with the application. The bill allows a taxpayer to assign a certification to specified types of parties after it is awarded. The bill requires the office and the department to prepare an annual report including information regarding eligible data centers and state sales and use tax refunds allowed. The office is required to submit the report to the finance committees of the house of representatives and senate.
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Status: | 3/20/2023 Introduced In Senate - Assigned to Finance 4/11/2023 Senate Committee on Finance Refer Amended to Appropriations |
Amendments: | Senate Journal, April 12 |
SB23-208 | Correction Of Certain Tax Statute Cross References |
Comment: | |
Calendar Notification: | NOT ON CALENDAR |
Summary: | The act corrects several defective cross references in the tax statutes. First, the act adds an omitted cross reference regarding the electronic filing of returns with the executive director of the department of revenue in the statute that addresses the date of receipt of tax returns. Next, the act corrects the cross reference to applicable definitions when calculating the state income tax of an electing pass-through entity owner. Finally, the act corrects the cross reference used to exclude regulated marijuana products from the definition of "agricultural commodities" for purposes of a "wholesale sale" under the state sales tax. APPROVED by Governor June 5, 2023 EFFECTIVE August 7, 2023 NOTE: This act was passed without a safety clause and takes effect 90 days after sine die. |
Status: | 3/20/2023 Introduced In Senate - Assigned to Finance 4/4/2023 Senate Committee on Finance Refer Unamended - Consent Calendar to Senate Committee of the Whole 4/6/2023 Senate Second Reading Special Order - Passed - No Amendments 4/10/2023 Senate Third Reading Passed - No Amendments 4/10/2023 Introduced In House - Assigned to Finance 4/17/2023 House Committee on Finance Refer Unamended to House Committee of the Whole 4/20/2023 House Second Reading Laid Over Daily - No Amendments 4/24/2023 House Second Reading Special Order - Passed - No Amendments 4/25/2023 House Third Reading Laid Over Daily - No Amendments 4/26/2023 House Third Reading Passed - No Amendments 5/3/2023 Signed by the President of the Senate 5/4/2023 Sent to the Governor 5/4/2023 Signed by the Speaker of the House 6/5/2023 Governor Signed |
Amendments: |