Colorado 2024 Regular Session

Colorado House Bill HB1036 Compare Versions

Version 1 (Old)

Version 2 (New)

Old	New		Differences
	1	+	Second Regular Session
	2	+	Seventy-fourth General Assembly
	3	+	STATE OF COLORADO
	4	+	REREVISED
	5	+	This Version Includes All Amendments
	6	+	Adopted in the Second House
	7	+	LLS NO. 24-0383.01 Jed Franklin x5484
1	8		HOUSE BILL 24-1036
2		-	BY REPRESENTATIVE(S) Weissman and Frizell, Bacon, Bird, deGruy
3		-	Kennedy, Duran, Rutinel, Sirota, Velasco, Amabile, Lindsay, Ortiz, Snyder,
4		-	McCluskie;
5		-	also SENATOR(S) Hansen and Kolker, Liston, Buckner, Cutter, Exum,
6		-	Fields, Jaquez Lewis, Marchman, Michaelson Jenet, Priola, Sullivan,
7		-	Winter F.
	9	+	House Committees Senate Committees
	10	+	Finance Finance
	11	+	Appropriations Appropriations
	12	+	A BILL FOR AN ACT
8	13		C
9		-	ONCERNING THE ADJUSTMENT OF CERTAIN TAX EXPENDITURES .
10		-
11		-	Be it enacted by the General Assembly of the State of Colorado:
12		-	SECTION 1. Legislative declaration. (1) The general assembly
13		-	hereby finds and declares that:
14		-	(a) The office of the state auditor has researched and identified
15		-	certain tax expenditures that are either unused or very infrequently used;
16		-	(b) The office of the state auditor has recommended repeal of certain
17		-	unused or infrequently used tax expenditures;
18		-	(c) Some of the unused or infrequently used tax expenditures
19		-	identified by the office of the state auditor to be repealed are:
20		-	NOTE: This bill has been prepared for the signatures of the appropriate legislative
21		-	officers and the Governor. To determine whether the Governor has signed the bill
22		-	or taken other action on it, please consult the legislative status sheet, the legislative
23		-	history, or the Session Laws.
24		-	________
25		-	Capital letters or bold & italic numbers indicate new material added to existing law; dashes
26		-	through words or numbers indicate deletions from existing law and such material is not part of
27		-	the act. (I) The catastrophic health insurance deduction, as described in
28		-	sections 10-16-116 and 39-22-104.5;
29		-	(II) The non-resident disaster relief worker subtraction, as described
30		-	in sections 39-22-104 (4)(t), 39-22-601 (1)(a)(II), and 39-22-604 (19);
31		-	(III) The medical savings account deduction, as described in
32		-	sections 39-22-104 (4)(h), 39-22-104.6, 39-22-304, and 39-22-504.7;
33		-	(IV) The childcare facility investment credit, as described in section
34		-	39-22-517;
35		-	(V) The school to career expenses credit, as described in section
36		-	39-22-520 (2)(a);
37		-	(VI) The Colorado works program employer credit, as described in
38		-	section 39-22-521 (1);
39		-	(VII) The credit for purchase of uniquely valuable motor vehicle
40		-	registration numbers, as described in section 39-22-535;
41		-	(VIII) The low-emitting vehicles and commercial vehicles used in
42		-	interstate commerce exemptions, as described in sections 30-20-604.5,
43		-	39-26-113.5, and 39-26-719;
44		-	(IX) The biotechnology sales and use tax refund, as described in
45		-	section 39-26-402 (1);
46		-	(X) The rural broadband equipment sales tax refund, as described
47		-	in section 39-26-129;
48		-	(XI) The first time home buyer savings account deduction, as
49		-	described in sections 39-22-104 (4)(w)(I) and 39-22-4704;
50		-	(XII) The aircraft gasoline tax exemption, as described in section
51		-	39-27-102.5; and
52		-	(XIII) The structural cigarette and tobacco excise tax expenditures,
53		-	as described in sections 39-28-104 (4) and 39-28.5-107 (2).
54		-	PAGE 2-HOUSE BILL 24-1036 (d) Administration of these tax expenditures by the department of
55		-	revenue is costly and inefficient;
56		-	(e) Inclusion of these tax expenditures in statute unnecessarily
57		-	complicates and lengthens the Colorado Revised Statutes;
58		-	(f) These tax expenditures are so infrequently used that they bring
59		-	no value to the state; and
60		-	(g) The repeal of these tax expenditures will cause, at most, only de
61		-	minimis impact to the state budget.
62		-	(2) Therefore, the general assembly further finds and declares that
63		-	the purposes of repealing these infrequently used tax expenditures are to
64		-	follow the office of the state auditor's recommendations regarding these tax
65		-	expenditures, to improve the efficiency and lower the cost of administration
66		-	at the department of revenue, to reduce the length and complexity of the
67		-	Colorado Revised Statutes, and to remove ineffective tax expenditures and
68		-	that any de minimis revenue increase that may result from the repeals is
69		-	incidental to those purposes.
70		-	SECTION 2. In Colorado Revised Statutes, 10-16-116, amend (2)
71		-	and (5) as follows:
72		-	10-16-116. Catastrophic health insurance - coverage - premium
73		-	payments - reporting requirements - definitions - short title - repeal.
74		-	(2) (a) An employer may offer catastrophic health insurance to its
75		-	employees pursuant to this section.
	14	+	ONCERNING THE ADJUSTMENT OF CERTAIN TAX EXPENDITURES .101
	15	+	Bill Summary
	16	+	(Note: This summary applies to this bill as introduced and does
	17	+	not reflect any amendments that may be subsequently adopted. If this bill
	18	+	passes third reading in the house of introduction, a bill summary that
	19	+	applies to the reengrossed version of this bill will be available at
	20	+	http://leg.colorado.gov/
	21	+	.)
	22	+	Legislative Oversight Committee Concerning Tax Policy. The
	23	+	bill repeals the following infrequently used tax expenditures:
	24	+	! The catastrophic health insurance income tax deduction
	25	+	(sections 2 and 3 of the bill);
	26	+	! The non-resident disaster relief worker income tax
	27	+	subtraction (sections 4, 5, and 6);
	28	+	! The medical savings account income tax deduction
	29	+	(sections 7, 8, 9, and 10);
	30	+	SENATE
	31	+	Amended 3rd Reading
	32	+	May 7, 2024
	33	+	SENATE
	34	+	2nd Reading Unamended
	35	+	May 6, 2024
	36	+	HOUSE
	37	+	3rd Reading Unamended
	38	+	April 29, 2024
	39	+	HOUSE
	40	+	Amended 2nd Reading
	41	+	April 26, 2024
	42	+	HOUSE SPONSORSHIP
	43	+	Weissman and Frizell, Bacon, Bird, deGruy Kennedy, Duran, Rutinel, Sirota, Velasco
	44	+	SENATE SPONSORSHIP
	45	+	Hansen and Kolker, Liston, Buckner, Cutter, Exum, Fields, Jaquez Lewis, Marchman,
	46	+	Michaelson Jenet, Priola, Sullivan, Winter F.
	47	+	Shading denotes HOUSE amendment. Double underlining denotes SENATE amendment.
	48	+	Capital letters or bold & italic numbers indicate new material to be added to existing law.
	49	+	Dashes through the words or numbers indicate deletions from existing law. ! The childcare facility investment income tax credit (section
	50	+	11);
	51	+	! The school to career expenses income tax credit (section
	52	+	12);
	53	+	! The Colorado works program employer income tax credit
	54	+	(section 13);
	55	+	! The income tax credit for purchase of uniquely valuable
	56	+	motor vehicle registration numbers (section 14);
	57	+	! The low-emitting vehicles and commercial vehicles used in
	58	+	interstate commerce sales and use tax exemptions (sections
	59	+	15, 16, 17, and 18);
	60	+	! The biotechnology sales and use tax refund (sections 19
	61	+	and 20);
	62	+	! The rural broadband equipment sales and use tax refund
	63	+	(section 21);
	64	+	! The first time home buyer savings account income tax
	65	+	deduction (sections 22, 23, 24, and 25);
	66	+	! The tangible personal property affixed to aircraft sales and
	67	+	use tax exemption (section 26);
	68	+	! The non-resident aircraft sales and aircraft parts sales and
	69	+	use tax exemption (section 27);
	70	+	! The aircraft gasoline and special fuel tax exemption
	71	+	(section 28); and
	72	+	! The cigarette and tobacco bad debt tax credit for cigarette
	73	+	and tobacco wholesalers, distributors, and retailers that
	74	+	write off bad cigarette and tobacco tax debts (sections 29
	75	+	and 30).
	76	+	The bill also modifies several tax expenditures as follows:
	77	+	! Section 31 of the bill eliminates the requirement that the
	78	+	executive director of the department of revenue present the
	79	+	tax profile and expenditure report to the finance
	80	+	committees of the house of representatives and the senate;
	81	+	! Section 32 clarifies that the purpose of the college tuition
	82	+	program income tax deduction is to create additional
	83	+	incentives for saving for college tuition not already created
	84	+	by other state or federal law and ends the wildfire
	85	+	mitigation deduction one year earlier than provided for in
	86	+	current law;
	87	+	! Section 33 increases the maximum amount of a health-care
	88	+	preceptor income tax credit from $1,000 to $2,000, allows
	89	+	for a maximum of 3 credits per income tax year, and
	90	+	increases the maximum aggregate amount of the credit
	91	+	awarded to any one taxpayer from $1,000 to $6,000 for any
	92	+	income tax year;
	93	+	! Currently, the maximum amount a taxpayer may claim for
	94	+	1036
	95	+	-2- the wildfire hazard mitigation income tax credit is 25% of
	96	+	$2,500 in mitigation costs, for a total tax credit maximum
	97	+	of $625 per income tax year. Section 34 changes the
	98	+	maximum amount a taxpayer may claim for the credit to
	99	+	$1,000 per income tax year for income tax years
	100	+	commencing on or after January 1, 2025, but prior to
	101	+	January 1, 2028.
	102	+	! Section 35 requires a local government and a nonprofit to
	103	+	file an informational tax return as prescribed by the
	104	+	executive director of the department of revenue
	105	+	(informational tax return) rather than a corporate tax return
	106	+	when claiming an alternative transportation options income
	107	+	tax credit;
	108	+	! Section 36 requires a local government and a nonprofit to
	109	+	file an informational tax return when claiming a
	110	+	conservation easement income tax credit;
	111	+	! Section 37 requires a local government and a nonprofit to
	112	+	file an informational tax return when claiming an income
	113	+	tax credit for environmental remediation of contaminated
	114	+	land;
	115	+	! On and after January 1, 2025, section 38 exempts from
	116	+	sales and use tax the sale, storage, usage, or consumption
	117	+	of a modular home;
	118	+	! Section 40 states that the purpose of the renewable energy
	119	+	source sales and use tax exemption is to create additional
	120	+	incentives for developing renewable energy projects not
	121	+	already created by other state or federal law;
	122	+	! Section 41 repeals detailed required reporting for
	123	+	enterprise zone tax credits; and
	124	+	! Sections 39 and 42 make conforming amendments.
	125	+	Be it enacted by the General Assembly of the State of Colorado:1
	126	+	SECTION 1. Legislative declaration. (1) The general assembly2
	127	+	hereby finds and declares that:3
	128	+	(a) The office of the state auditor has researched and identified4
	129	+	certain tax expenditures that are either unused or very infrequently used;5
	130	+	(b) The office of the state auditor has recommended repeal of6
	131	+	certain unused or infrequently used tax expenditures;7
	132	+	(c) Some of the unused or infrequently used tax expenditures8
	133	+	1036-3- identified by the office of the state auditor to be repealed are:1
	134	+	(I) The catastrophic health insurance deduction, as described in2
	135	+	sections 10-16-116 and 39-22-104.5;3
	136	+	(II) The non-resident disaster relief worker subtraction, as4
	137	+	described in sections 39-22-104 (4)(t), 39-22-601 (1)(a)(II), and5
	138	+	39-22-604 (19);6
	139	+	(III) The medical savings account deduction, as described in7
	140	+	sections 39-22-104 (4)(h), 39-22-104.6, 39-22-304, and 39-22-504.7;8
	141	+	(IV) The childcare facility investment credit, as described in9
	142	+	section 39-22-517;10
	143	+	(V) The school to career expenses credit, as described in section11
	144	+	39-22-520 (2)(a);12
	145	+	(VI) The Colorado works program employer credit, as described13
	146	+	in section 39-22-521 (1);14
	147	+	(VII) The credit for purchase of uniquely valuable motor vehicle15
	148	+	registration numbers, as described in section 39-22-535;16
	149	+	(VIII) The low-emitting vehicles and commercial vehicles used17
	150	+	in interstate commerce exemptions, as described in sections 30-20-604.5,18
	151	+	39-26-113.5, and 39-26-719;19
	152	+	(IX) The biotechnology sales and use tax refund, as described in20
	153	+	section 39-26-402 (1);21
	154	+	(X) The rural broadband equipment sales tax refund, as described22
	155	+	in section 39-26-129;23
	156	+	(XI) The first time home buyer savings account deduction, as24
	157	+	described in sections 39-22-104 (4)(w)(I) and 39-22-4704;25
	158	+	26
	159	+	(XII) The aircraft gasoline tax exemption, as described in section27
	160	+	1036
	161	+	-4- 39-27-102.5; and1
	162	+	(XIII) The structural cigarette and tobacco excise tax2
	163	+	expenditures, as described in sections 39-28-104 (4) and 39-28.5-107 (2).3
	164	+	(d) Administration of these tax expenditures by the department of4
	165	+	revenue is costly and inefficient;5
	166	+	(e) Inclusion of these tax expenditures in statute unnecessarily6
	167	+	complicates and lengthens the Colorado Revised Statutes;7
	168	+	(f) These tax expenditures are so infrequently used that they bring8
	169	+	no value to the state; and9
	170	+	(g) The repeal of these tax expenditures will cause, at most, only10
	171	+	de minimis impact to the state budget.11
	172	+	(2) Therefore, the general assembly further finds and declares that12
	173	+	the purposes of repealing these infrequently used tax expenditures are to13
	174	+	follow the office of the state auditor's recommendations regarding these14
	175	+	tax expenditures, to improve the efficiency and lower the cost of15
	176	+	administration at the department of revenue, to reduce the length and16
	177	+	complexity of the Colorado Revised Statutes, and to remove ineffective17
	178	+	tax expenditures and that any de minimis revenue increase that may result18
	179	+	from the repeals is incidental to those purposes.19
	180	+	SECTION 2. In Colorado Revised Statutes, 10-16-116, amend20
	181	+	(2) and (5) as follows:21
	182	+	10-16-116. Catastrophic health insurance - coverage -22
	183	+	premium payments - reporting requirements - definitions - short title23
	184	+	- repeal. (2) (a) An employer may offer catastrophic health insurance to24
	185	+	its employees pursuant to this section.25
76	186		(b) P
77		-	RIOR TO JANUARY 1, 2025, employees who elect the coverage
78		-	shall pay the cost of the insurance pursuant to subsection (5) of this section.
	187	+	RIOR TO JANUARY 1, 2025, employees who elect the coverage26
	188	+	shall pay the cost of the insurance pursuant to subsection (5) of this27
	189	+	1036
	190	+	-5- section.1
79	191		(c) T
80		-	HIS SUBSECTION (2)(c) AND SUBSECTION (2)(b) OF THIS SECTION
81		-	ARE REPEALED
82		-	, EFFECTIVE DECEMBER 31, 2028.
	192	+	HIS SUBSECTION (2)(c) AND SUBSECTION (2)(b) OF THIS2
	193	+	SECTION ARE REPEALED, EFFECTIVE DECEMBER 31, 2028.3
83	194		(5) (a) P
84		-	RIOR TO JANUARY 1, 2025, if claiming an exclusion of
85		-	premium payments for state income tax purposes pursuant to ~~section~~
	195	+	RIOR TO JANUARY 1, 2025, if claiming an exclusion of4
	196	+	premium payments for state income tax purposes pursuant to section5
86	197		39-22-104.5, C.R.S.,
87		-	an employee shall elect to purchase ~~catastrophic health~~
88		-	insurance by signing a written election, which must be in the ~~form~~
89		-	prescribed by the executive director of the department of revenue ~~and~~
90		-	~~PAGE 3-HOUSE BILL 24-1036~~ signed by the employee prior to the date the employer withholds the ~~first~~
91		-	contribution.
	198	+	an employee shall elect to purchase catastrophic6
	199	+	health insurance by signing a written election, which must be in the form7
	200	+	prescribed by the executive director of the department of revenue and8
	201	+	signed by the employee prior to the date the employer withholds the first9
	202	+	contribution.10
92	203		(b) P
93		-	RIOR TO JANUARY 1, 2025, an employer shall withhold the
94		-	premium payments for catastrophic health insurance from the wages of an
95		-	employee who has elected coverage pursuant to paragraph (a) of thissubsection (5) SUBSECTION (5)(a) OF THIS SECTION and shall remit the
96		-	premiums to the insuring entity on the employee's behalf. All premiums
97		-	collected by an employer are withheld from the employee's wages on a
98		-	pre-tax basis pursuant to section 39-22-104.5. C.R.S.
99		-	(c) PRIOR TO JANUARY 1, 2025, an employer withholding premium
	204	+	RIOR TO JANUARY 1, 2025, an employer shall withhold the11
	205	+	premium payments for catastrophic health insurance from the wages of12
	206	+	an employee who has elected coverage pursuant to paragraph (a) of this
	207	+	13
	208	+	subsection (5) SUBSECTION (5)(a) OF THIS SECTION and shall remit the14
	209	+	premiums to the insuring entity on the employee's behalf. All premiums15
	210	+	collected by an employer are withheld from the employee's wages on a16
	211	+	pre-tax basis pursuant to section 39-22-104.5. C.R.S.17
	212	+	(c) P
	213	+	RIOR TO JANUARY 1, 2025, an employer withholding premium18
100	214		payments from an employee's wages pursuant to paragraph (b) of this
101		-	subsection (5) SUBSECTION (5)(b) OF THIS SECTION shall report the amount
102		-	withheld to the department of revenue, pursuant to rules promulgated by the
103		-	executive director of the department.
	215	+	19
	216	+	subsection (5) SUBSECTION (5)(b) OF THIS SECTION shall report the amount20
	217	+	withheld to the department of revenue, pursuant to rules promulgated by21
	218	+	the executive director of the department.22
104	219		(d) T
105		-	HIS SUBSECTION (5) IS REPEALED, EFFECTIVE DECEMBER 31,
106		-	2028.
107		-	SECTION 3. In Colorado Revised Statutes, amend 39-22-104.5 as
108		-	follows:
109		-	39-22-104.5. Pretax payments - catastrophic health insurance -
110		-	repeal. (1) For income tax years commencing on or after January 1, 1995,
111		-	AND PRIOR TO JANUARY 1, 2025, amounts withheld from an individual's
112		-	wages that are used to pay for catastrophic health insurance pursuant to and
113		-	within the limitations prescribed by section 10-16-116, C.R.S.,
114		-	are excluded
115		-	from the individual's federal taxable income for purposes of the state
116		-	income tax imposed by section 39-22-104.
	220	+	HIS SUBSECTION (5) IS REPEALED, EFFECTIVE DECEMBER 31,23
	221	+	2028.24
	222	+	SECTION 3. In Colorado Revised Statutes, amend 39-22-104.525
	223	+	as follows:26
	224	+	39-22-104.5. Pretax payments - catastrophic health insurance27
	225	+	1036
	226	+	-6- - repeal. (1) For income tax years commencing on or after January 1,1
	227	+	1995,
	228	+	AND PRIOR TO JANUARY 1, 2025, amounts withheld from an2
	229	+	individual's wages that are used to pay for catastrophic health insurance3
	230	+	pursuant to and within the limitations prescribed by section 10-16-116,4
	231	+	C.R.S.,
	232	+	are excluded from the individual's federal taxable income for5
	233	+	purposes of the state income tax imposed by section 39-22-104.6
117	234		(2) T
118		-	HIS SECTION IS REPEALED, EFFECTIVE DECEMBER 31, 2028.
119		-	SECTION 4. In Colorado Revised Statutes, 39-22-104, amend
120		-	(4)(t)(I); and add (4)(t)(III) as follows:
121		-	39-22-104. Income tax imposed on individuals, estates, and
122		-	trusts - single rate - report - legislative declaration - definitions - repeal.
123		-	(4) There shall be subtracted from federal taxable income:
124		-	PAGE 4-HOUSE BILL 24-1036 (t) (I) For income tax years commencing on or after January 1, 2015,
125		-	AND PRIOR TO JANUARY 1, 2025, compensation that would be subject to
126		-	withholding under section 39-22-604, received by a nonresident individual
127		-	for performing disaster-related work in the state during a disaster period.
	235	+	HIS SECTION IS REPEALED, EFFECTIVE DECEMBER 31, 2028.7
	236	+	SECTION 4. In Colorado Revised Statutes, 39-22-104, amend8
	237	+	(4)(t)(I); and add (4)(t)(III) as follows:9
	238	+	39-22-104. Income tax imposed on individuals, estates, and10
	239	+	trusts - single rate - report - legislative declaration - definitions -11
	240	+	repeal. (4) There shall be subtracted from federal taxable income:12
	241	+	(t) (I) For income tax years commencing on or after January 1,13
	242	+	2015,
	243	+	AND PRIOR TO JANUARY 1, 2025, compensation that would be14
	244	+	subject to withholding under section 39-22-604, received by a nonresident15
	245	+	individual for performing disaster-related work in the state during a16
	246	+	disaster period.17
128	247		(III) T
129		-	HIS SUBSECTION (4)(t) IS REPEALED, EFFECTIVE DECEMBER 31,
130		-	2028.
131		-	SECTION 5. In Colorado Revised Statutes, 39-22-601, amend
132		-	(1)(a)(II) as follows:
133		-	39-22-601. Returns - repeal. (1) (a) (II) For purposes of this
	248	+	HIS SUBSECTION (4)(t) IS REPEALED, EFFECTIVE DECEMBER18
	249	+	31,
	250	+	2028.19
	251	+	SECTION 5. In Colorado Revised Statutes, 39-22-601, amend20
	252	+	(1)(a)(II) as follows:21
	253	+	39-22-601. Returns - repeal. (1) (a) (II) For purposes of this22
134	254		paragraph (a)
135		-	SUBSECTION (1)(a)(II), a nonresident individual whose only
136		-	source of income from this state is compensation that is subtracted from
137		-	federal taxable income under section 39-22-104 (4)(t) need not file a return.
	255	+	SUBSECTION (1)(a)(II), a nonresident individual whose only23
	256	+	source of income from this state is compensation that is subtracted from24
	257	+	federal taxable income under section 39-22-104 (4)(t) need not file a25
	258	+	return.26
138	259		(A) T
139		-	HIS SUBSECTION (1)(a)(II) APPLIES TO TAX ~~YEARS COMMENCING~~
140		-	~~BEFORE~~
141		-	JANUARY 1, 2025.
	260	+	HIS SUBSECTION (1)(a)(II) APPLIES TO TAX YEARS27
	261	+	1036
	262	+	-7- COMMENCING BEFORE JANUARY 1, 2025.1
142	263		(B) T
143		-	HIS SUBSECTION (1)(a)(II) IS REPEALED, EFFECTIVE DECEMBER
144		-	31, 2028.
145		-	SECTION 6. In Colorado Revised Statutes, 39-22-604, amend (19)
146		-	as follows:
147		-	39-22-604. Withholding tax - requirement to withhold - tax lien
148		-	- exemption from lien - annual statement - notice - definitions - repeal.
149		-	(19) (a) P
150		-	RIOR TO JANUARY 1, 2025, no amount is required to be deducted
151		-	and withheld from an employee's wages pursuant to this section for income
152		-	tax due to the state if the employee's withholding certificate indicates that
153		-	the compensation is eligible to be subtracted from federal taxable income
154		-	pursuant to section 39-22-104 (4)(t).
	264	+	HIS SUBSECTION (1)(a)(II) IS REPEALED, EFFECTIVE2
	265	+	D
	266	+	ECEMBER 31, 2028.3
	267	+	SECTION 6. In Colorado Revised Statutes, 39-22-604, amend4
	268	+	(19) as follows:5
	269	+	39-22-604. Withholding tax - requirement to withhold - tax6
	270	+	lien - exemption from lien - annual statement - notice - definitions -7
	271	+	repeal. (19) (a) P
	272	+	RIOR TO JANUARY 1, 2025, no amount is required to be8
	273	+	deducted and withheld from an employee's wages pursuant to this section9
	274	+	for income tax due to the state if the employee's withholding certificate10
	275	+	indicates that the compensation is eligible to be subtracted from federal11
	276	+	taxable income pursuant to section 39-22-104 (4)(t).12
155	277		(b) T
156		-	HIS SUBSECTION (19) IS REPEALED, EFFECTIVE DECEMBER 31,
157		-	2028.
158		-	SECTION 7. In Colorado Revised Statutes, 39-22-104, ~~amend~~
159		-	(4)(h) as follows:
160		-	39-22-104. Income tax imposed on individuals, estates, ~~and~~
161		-	~~PAGE 5-HOUSE BILL 24-1036~~ trusts - single rate - report - legislative declaration - definitions - ~~repeal.~~
162		-	(4) There shall be subtracted from federal taxable income:
	278	+	HIS SUBSECTION (19) IS REPEALED, EFFECTIVE DECEMBER 31,13
	279	+	2028.14
	280	+	SECTION 7. In Colorado Revised Statutes, 39-22-104, amend15
	281	+	(4)(h) as follows:16
	282	+	39-22-104. Income tax imposed on individuals, estates, and17
	283	+	trusts - single rate - report - legislative declaration - definitions -18
	284	+	repeal. (4) There shall be subtracted from federal taxable income: 19
163	285		(h) (I) P
164		-	RIOR TO JANUARY 1, 2025, any amount contributed to a
165		-	medical savings account by an employer pursuant to section 39-22-504.7
166		-	(2)(e), to the extent such amount is not claimed as a deduction on ~~the~~
167		-	taxpayer's federal tax return;
	286	+	RIOR TO JANUARY 1, 2025, any amount contributed to a20
	287	+	medical savings account by an employer pursuant to section 39-22-504.721
	288	+	(2)(e), to the extent such amount is not claimed as a deduction on the22
	289	+	taxpayer's federal tax return;23
168	290		(II) T
169		-	HIS SUBSECTION (4)(h) IS REPEALED, EFFECTIVE DECEMBER 31,
170		-	2028.
171		-	SECTION 8. In Colorado Revised Statutes, amend 39-22-104.6 as
172		-	follows:
173		-	39-22-104.6. Pretax payments - medical savings accounts -
	291	+	HIS SUBSECTION (4)(h) IS REPEALED, EFFECTIVE DECEMBER24
	292	+	31,
	293	+	2028.25
	294	+	SECTION 8. In Colorado Revised Statutes, amend 39-22-104.626
	295	+	as follows:27
	296	+	1036
	297	+	-8- 39-22-104.6. Pretax payments - medical savings accounts -1
174	298		repeal. (1) P
175		-	RIOR TO JANUARY 1, 2025, to the extent a taxpayer is ~~not~~
176		-	otherwise claiming deductions on federal income tax returns ~~for~~
177		-	contributions to medical savings accounts, amounts withheld from an
178		-	individual's wages which are contributed to such individual's ~~medical~~
179		-	savings account, pursuant to section 39-22-504.7, are excluded from an
180		-	individual's federal taxable income for purposes of the state income ~~tax~~
181		-	imposed by section 39-22-104.
	299	+	RIOR TO JANUARY 1, 2025, to the extent a taxpayer is not2
	300	+	otherwise claiming deductions on federal income tax returns for3
	301	+	contributions to medical savings accounts, amounts withheld from an4
	302	+	individual's wages which are contributed to such individual's medical5
	303	+	savings account, pursuant to section 39-22-504.7, are excluded from an6
	304	+	individual's federal taxable income for purposes of the state income tax7
	305	+	imposed by section 39-22-104.8
182	306		(2) T
183		-	HIS SECTION IS REPEALED, EFFECTIVE DECEMBER 31, 2028.
184		-	SECTION 9. In Colorado Revised Statutes, 39-22-304, ~~amend~~
185		-	(3)(k) as follows:
186		-	39-22-304. Net income of corporation - legislative ~~declaration -~~
187		-	definitions - repeal. (3) There shall be subtracted from federal ~~taxable~~
188		-	income:
	307	+	HIS SECTION IS REPEALED, EFFECTIVE DECEMBER 31, 2028.9
	308	+	SECTION 9. In Colorado Revised Statutes, 39-22-304, amend10
	309	+	(3)(k) as follows:11
	310	+	39-22-304. Net income of corporation - legislative declaration12
	311	+	- definitions - repeal. (3) There shall be subtracted from federal taxable13
	312	+	income:14
189	313		(k) (I) P
190		-	RIOR TO JANUARY 1, 2025, any amount contributed to a
191		-	medical savings account pursuant to section 39-22-504.7 (2)(e), to ~~the~~
192		-	extent such amount is not claimed as a deduction on the taxpayer's ~~federal~~
193		-	tax return;
	314	+	RIOR TO JANUARY 1, 2025, any amount contributed to a15
	315	+	medical savings account pursuant to section 39-22-504.7 (2)(e), to the16
	316	+	extent such amount is not claimed as a deduction on the taxpayer's federal17
	317	+	tax return;18
194	318		(II) T
195		-	HIS SUBSECTION (3)(k) IS REPEALED, EFFECTIVE DECEMBER 31,
196		-	2028.
197		-	PAGE 6-HOUSE BILL 24-1036 SECTION 10. In Colorado Revised Statutes, 39-22-504.7, amend
198		-	(1) and (2)(e); and add (8) as follows:
199		-	39-22-504.7. Medical savings accounts - establishment -
200		-	contributions - distributions - restrictions - taxation - portability -
201		-	repeal. (1) (a) Establishment of accounts. On and after January 1, 1995,
202		-	AND PRIOR TO JANUARY 1, 2025, an employer may offer to establish medical
203		-	savings accounts.
204		-	(b) P
205		-	RIOR TO JANUARY 1, 2025, an employee on whose behalf a
206		-	medical savings account has not been established by his or her employer
207		-	may establish such an account on his or her own behalf.
	319	+	HIS SUBSECTION (3)(k) IS REPEALED, EFFECTIVE DECEMBER19
	320	+	31,
	321	+	2028.20
	322	+	SECTION 10. In Colorado Revised Statutes, 39-22-504.7,21
	323	+	amend (1) and (2)(e); and add (8) as follows:22
	324	+	39-22-504.7. Medical savings accounts - establishment -23
	325	+	contributions - distributions - restrictions - taxation - portability -24
	326	+	repeal. (1) (a) Establishment of accounts. On and after January 1, 1995,25
	327	+	AND PRIOR TO JANUARY 1, 2025, an employer may offer to establish26
	328	+	medical savings accounts.27
	329	+	1036
	330	+	-9- (b) PRIOR TO JANUARY 1, 2025, an employee on whose behalf a1
	331	+	medical savings account has not been established by his or her employer2
	332	+	may establish such an account on his or her own behalf.3
208	333		(2) (e) Employer contributions - tax deduction. P
209		-	RIOR TO
210		-	JANUARY 1, 2025, employer contributions to employee medical savings
211		-	accounts constitute a deduction from the employer's federal taxable income,
212		-	pursuant to sections 39-22-104 (4)(h) and 39-22-304 (3)(k).
	334	+	RIOR TO4
	335	+	J
	336	+	ANUARY 1, 2025, employer contributions to employee medical savings5
	337	+	accounts constitute a deduction from the employers federal taxable6
	338	+	income, pursuant to sections 39-22-104 (4)(h) and 39-22-304 (3)(k).7
213	339		(8) Repeal. T
	340	+	HIS SECTION IS REPEALED, EFFECTIVE DECEMBER 31,8
	341	+	2028.9
	342	+	SECTION 11. In Colorado Revised Statutes, 39-22-517, amend10
	343	+	(1) and (2); and add (4) as follows:11
	344	+	39-22-517. Tax credit for child care center investments -12
	345	+	repeal. (1) With respect to taxable years commencing on or after January13
	346	+	1, 1992,
	347	+	AND PRIOR TO JANUARY 1,
	348	+	2026, there is allowed to any person14
	349	+	operating a child care center licensed pursuant to section 26-6-905 or15
	350	+	26.5-5-309, family child care home licensed pursuant to section16
	351	+	26.5-5-309, or foster care home licensed pursuant to section 26-6-905 a17
	352	+	credit against the tax imposed by this article 22 in the amount of twenty18
	353	+	percent of the taxpayer's annual investment in tangible personal property19
	354	+	to be used in such child care center, family child care home, or foster care20
	355	+	home.21
	356	+	(2) With respect to taxable years commencing on or after July 1,22
	357	+	1992,
	358	+	AND PRIOR TO JANUARY 1,
	359	+	2026, there is allowed to any sole23
	360	+	proprietorship, partnership, limited liability corporation, subchapter S24
	361	+	corporation, or regular corporation that provides child care facilities that25
	362	+	are incidental to their business and are licensed pursuant to section26
	363	+	26-6-905 or 26.5-5-309 for the use of its employees a credit against the27
	364	+	1036
	365	+	-10- tax imposed by this article 22 in the amount of ten percent of the1
	366	+	taxpayer's annual investment in tangible personal property to be used in2
	367	+	such child care facilities.3
	368	+	(4) T
214	369		HIS SECTION IS REPEALED, EFFECTIVE DECEMBER 31,
215		-	2028.
216		-	SECTION 11. In Colorado Revised Statutes, 39-22-517, amend (1)
217		-	and (2); and add (4) as follows:
218		-	39-22-517. Tax credit for child care center investments - repeal.
219		-	(1) With respect to taxable years commencing on or after January 1, 1992,
220		-	AND PRIOR TO JANUARY 1, 2026, there is allowed to any person operating a
221		-	child care center licensed pursuant to section 26-6-905 or 26.5-5-309,
222		-	family child care home licensed pursuant to section 26.5-5-309, or foster
223		-	care home licensed pursuant to section 26-6-905 a credit against the tax
224		-	imposed by this article 22 in the amount of twenty percent of the taxpayer's
225		-	annual investment in tangible personal property to be used in such child
226		-	care center, family child care home, or foster care home.
227		-	(2) With respect to taxable years commencing on or after July 1,
228		-	1992,
229		-	AND PRIOR TO JANUARY 1, 2026, there is allowed to any sole
230		-	proprietorship, partnership, limited liability corporation, subchapter S
231		-	corporation, or regular corporation that provides child care facilities that are
232		-	incidental to their business and are licensed pursuant to section 26-6-905 or
233		-	26.5-5-309 for the use of its employees a credit against the tax imposed by
234		-	PAGE 7-HOUSE BILL 24-1036 this article 22 in the amount of ten percent of the taxpayer's annual
235		-	investment in tangible personal property to be used in such child care
236		-	facilities.
	370	+	2033.4
	371	+	SECTION 12. In Colorado Revised Statutes, 39-22-520, amend5
	372	+	(2)(a); and add (4) as follows:6
	373	+	39-22-520. Credit against tax - investment in school-to-career7
	374	+	program - definitions - repeal. (2) (a) For income tax years beginning8
	375	+	on or after January 1, 1997,
	376	+	AND PRIOR TO JANUARY 1, 2025, there shall9
	377	+	be allowed to any person as a credit against the tax imposed by this article
	378	+	10
	379	+	ARTICLE 22 an amount equal to ten percent of the total qualified11
	380	+	investment made in a qualified school-to-career program.12
237	381		(4) T
238		-	HIS SECTION IS REPEALED, EFFECTIVE DECEMBER 31, 2033.
239		-	SECTION 12. In Colorado Revised Statutes, 39-22-520, amend
240		-	(2)(a); and add (4) as follows:
241		-	39-22-520. Credit against tax - investment in school-to-career
242		-	program - definitions - repeal. (2) (a) For income tax years beginning on
243		-	or after January 1, 1997,
244		-	AND PRIOR TO JANUARY 1, 2025, there shall be
245		-	allowed to any person as a credit against the tax imposed by this article
246		-	ARTICLE 22 an amount equal to ten percent of the total qualified investment
247		-	made in a qualified school-to-career program.
	382	+	HIS SECTION IS REPEALED, EFFECTIVE DECEMBER 31, 2034.13
	383	+	SECTION 13. In Colorado Revised Statutes, 39-22-521, amend14
	384	+	(1) introductory portion; and add (4) as follows:15
	385	+	39-22-521. Credits against tax - employer expenses - public16
	386	+	assistance recipients - repeal. (1) With respect to taxable years17
	387	+	commencing on or after January 1, 1998,
	388	+	AND PRIOR TO JANUARY 1, 2025,18
	389	+	there shall be allowed to an employer of any person receiving public19
	390	+	assistance pursuant to the Colorado works program set forth in part 7 of20
	391	+	article 2 of title 26, C.R.S.,
	392	+	a credit, for not more than two years, against21
	393	+	the tax imposed by this article in the amount of twenty percent of the22
	394	+	employer's annual investment in any one or more of the following23
	395	+	services that are incidental to the employer's business:24
248	396		(4) T
249		-	HIS SECTION IS REPEALED, EFFECTIVE DECEMBER 31, 2034.
250		-	SECTION 13. In Colorado Revised Statutes, 39-22-521, amend (1)
251		-	introductory portion; and add (4) as follows:
252		-	39-22-521. Credits against tax - employer expenses - public
253		-	assistance recipients - repeal. (1) With respect to taxable years
254		-	commencing on or after January 1, 1998,
255		-	AND PRIOR TO JANUARY 1, 2025,
256		-	there shall be allowed to an employer of any person receiving public
257		-	assistance pursuant to the Colorado works program set forth in part 7 of
258		-	article 2 of title 26, C.R.S.,
259		-	a credit, for not more than two years, against the
260		-	tax imposed by this article in the amount of twenty percent of the
261		-	employer's annual investment in any one or more of the following services
262		-	that are incidental to the employer's business:
	397	+	HIS SECTION IS REPEALED, EFFECTIVE DECEMBER 31, 2032.25
	398	+	SECTION 14. In Colorado Revised Statutes, 39-22-535, amend26
	399	+	(1); and add (3) as follows:27
	400	+	1036
	401	+	-11- 39-22-535. Credit for purchase of uniquely valuable motor1
	402	+	vehicle registration numbers - repeal. (1) For tax years commencing2
	403	+	on or after January 1, 2013,
	404	+	AND PRIOR TO JANUARY 1, 2025, a person3
	405	+	who buys the right to use a registration number under section 24-30-22064
	406	+	is allowed a credit against the income taxes imposed by this article 22 for5
	407	+	twenty percent of the purchase price of the right to use the registration6
	408	+	number that is paid to the Colorado disability funding committee created7
	409	+	in section 24-30-2203.8
	410	+	(3) T
	411	+	HIS SECTION IS REPEALED, EFFECTIVE DECEMBER 31, 2034.9
	412	+	SECTION 15. In Colorado Revised Statutes, 30-20-604.5,10
	413	+	amend (1) as follows:11
	414	+	30-20-604.5. District sales tax - repeal. (1) (a) The board of any12
	415	+	county or of any city that has been authorized to become a city and county13
	416	+	pursuant to an amendment to the state constitution that has been approved14
	417	+	by the registered electors of the state of Colorado and that subsequently15
	418	+	becomes a city and county for the purpose of funding all or a portion of16
	419	+	the cost of any improvements constructed or transportation services17
	420	+	provided pursuant to section 30-20-603 (1)(a), (1)(a.5), and (1)(c), may18
	421	+	levy a sales tax throughout the district upon every transaction or other19
	422	+	incident with respect to which a sales tax is authorized pursuant to section20
	423	+	29-2-105; except that such tax may be levied only upon those transactions21
	424	+	specified in section 39-26-104 (1)(a), (1)(b), (1)(e), and (1)(f). the board
	425	+	22
	426	+	may, in its discretion, levy or continue to levy a sales tax on the sales of23
	427	+	low-emitting motor vehicles, power sources, or parts used for converting24
	428	+	such power sources as specified in section 39-26-719 (1).25
	429	+	(b) T
	430	+	HIS SUBSECTION (1) IS REPEALED, EFFECTIVE DECEMBER 31,26
	431	+	2028.27
	432	+	1036
	433	+	-12- SECTION 16. In Colorado Revised Statutes, 39-26-113.5,1
	434	+	amend (1)(a); and add (4) as follows:2
	435	+	39-26-113.5. Refund of state sales taxes for vehicles used in3
	436	+	interstate commerce - fund - repeal. (1) (a) Except as provided in4
	437	+	subsection (3) of this section, for the calendar year commencing on AND5
	438	+	AFTER January 1, 2011, and for each calendar year thereafter BUT BEFORE6
	439	+	J
	440	+	ULY 1, 2025, a taxpayer may claim a refund of a percentage of all state7
	441	+	sales and use taxes paid by the taxpayer pursuant to this part 1 and part 28
	442	+	of this article on the sale, storage, or use of a model year 2010 or newer9
	443	+	truck tractor or semitrailer with a gross vehicle weight rating of fifty-four10
	444	+	thousand pounds or greater that is purchased on or after July 1, 2011,
	445	+	BUT11
	446	+	BEFORE JULY 1, 2025.12
263	447		(4) T
264		-	HIS SECTION IS REPEALED, EFFECTIVE DECEMBER 31, 2032.
265		-	SECTION 14. In Colorado Revised Statutes, 39-22-535, amend
266		-	(1); and add (3) as follows:
267		-	39-22-535. Credit for purchase of uniquely valuable motor
268		-	vehicle registration numbers - repeal. (1) For tax years commencing on
269		-	or after January 1, 2013,
270		-	AND PRIOR TO JANUARY 1, 2025, a person who
271		-	buys the right to use a registration number under section 24-30-2206 is
272		-	PAGE 8-HOUSE BILL 24-1036 allowed a credit against the income taxes imposed by this article 22 for
273		-	twenty percent of the purchase price of the right to use the registration
274		-	number that is paid to the Colorado disability funding committee created in
275		-	section 24-30-2203.
276		-	(3) T
277		-	HIS SECTION IS REPEALED, EFFECTIVE DECEMBER 31, 2034.
278		-	SECTION 15. In Colorado Revised Statutes, 30-20-604.5, amend
279		-	(1) as follows:
280		-	30-20-604.5. District sales tax - repeal. (1) (a) The board of any
281		-	county or of any city that has been authorized to become a city and county
282		-	pursuant to an amendment to the state constitution that has been approved
283		-	by the registered electors of the state of Colorado and that subsequently
284		-	becomes a city and county for the purpose of funding all or a portion of the
285		-	cost of any improvements constructed or transportation services provided
286		-	pursuant to section 30-20-603 (1)(a), (1)(a.5), and (1)(c), may levy a sales
287		-	tax throughout the district upon every transaction or other incident with
288		-	respect to which a sales tax is authorized pursuant to section 29-2-105;
289		-	except that such tax may be levied only upon those transactions specified
290		-	in section 39-26-104 (1)(a), (1)(b), (1)(e), and (1)(f). the board may, in its
291		-	discretion, levy or continue to levy a sales tax on the sales of low-emitting
292		-	motor vehicles, power sources, or parts used for converting such power
293		-	sources as specified in section 39-26-719 (1).
294		-	(b) THIS SUBSECTION (1) IS REPEALED, EFFECTIVE DECEMBER 31,
295		-	2028.
296		-	SECTION 16. In Colorado Revised Statutes, 39-26-113.5, amend
297		-	(1)(a); and add (4) as follows:
298		-	39-26-113.5. Refund of state sales taxes for vehicles used in
299		-	interstate commerce - fund - repeal. (1) (a) Except as provided in
300		-	subsection (3) of this section, for the calendar year commencing on AND
301		-	AFTER
302		-	January 1, 2011, and for each calendar year thereafter
303		-	BUT BEFORE
304		-	JULY 1, 2025, a taxpayer may claim a refund of a percentage of all state
305		-	sales and use taxes paid by the taxpayer pursuant to this part 1 and part 2 of
306		-	this article on the sale, storage, or use of a model year 2010 or newer truck
307		-	tractor or semitrailer with a gross vehicle weight rating of fifty-four
308		-	thousand pounds or greater that is purchased on or after July 1, 2011,
309		-	BUT
310		-	PAGE 9-HOUSE BILL 24-1036 BEFORE JULY 1, 2025.
311		-	(4) T
312		-	HIS SECTION IS REPEALED, EFFECTIVE JULY 1, 2026.
313		-	SECTION 17. In Colorado Revised Statutes, amend 42-1-225 as
314		-	follows:
315		-	42-1-225. Commercial vehicle enterprise tax fund - creation -
316		-	repeal. (1) The commercial vehicle enterprise tax fund is hereby created
317		-	in the state treasury.
	448	+	HIS SECTION IS REPEALED, EFFECTIVE JULY 1, 2026.13
	449	+	SECTION 17. In Colorado Revised Statutes, 42-1-225, amend14
	450	+	(1) and (2) as follows:15
	451	+	42-1-225. Commercial vehicle enterprise tax fund - creation16
	452	+	- repeal. (1) The commercial vehicle enterprise tax fund is hereby17
	453	+	created in the state treasury.18
318	454		(a) (I) P
319	455		RIOR TO JULY 1, 2025, the fund consists of moneys
320		-	MONEY
321		-	collected and transmitted to the fund pursuant to section 42-4-1701
322		-	(4)(a)(II). The general assembly shall annually appropriate the moneys
323		-	MONEY in the fund to cover the actual cost of administering sections
324		-	39-26-113.5 and 39-30-104 (1)(b). C.R.S. Moneys MONEY in the fund are
325		-	IS continuously appropriated to the department of revenue for the payment
326		-	of sales and use tax refunds pursuant to section 39-26-113.5. C.R.S. After
327		-	receiving the statement pursuant to section 39-30-104 (1)(b)(VI), C.R.S. the
328		-	state treasurer shall credit the total cost of the amount of the tax credits
329		-	stated therein to the general fund. Any moneys remaining in the commercial
330		-	vehicle enterprise tax fund at the end of the fiscal year shall not revert to the
331		-	general fund.
332		-	(II) THIS SUBSECTION (1)(a) IS REPEALED, EFFECTIVE JULY 1, 2026.
	456	+	MONEY19
	457	+	collected and transmitted to the fund pursuant to section 42-4-170120
	458	+	(4)(a)(II). The general assembly shall annually appropriate the moneys21
	459	+	MONEY in the fund to cover the actual cost of administering sections22
	460	+	39-26-113.5 and 39-30-104 (1)(b). C.R.S. Moneys MONEY in the fund are23
	461	+	IS continuously appropriated to the department of revenue for the payment24
	462	+	of sales and use tax refunds pursuant to section 39-26-113.5. C.R.S. After25
	463	+	receiving the statement pursuant to section 39-30-104 (1)(b)(VI), C.R.S.26
	464	+	the state treasurer shall credit the total cost of the amount of the tax27
	465	+	1036
	466	+	-13- credits stated therein to the general fund. Any moneys remaining in the1
	467	+	commercial vehicle enterprise tax fund at the end of the fiscal year shall2
	468	+	not revert to the general fund.3
	469	+	(II) T
	470	+	HIS SUBSECTION (1)(a) IS REPEALED, EFFECTIVE JULY 1, 2026. 4
333	471		(b) O
334		-	N OR AFTER JULY 1, 2025, THE FUND CONSISTS OF MONEY
335		-	COLLECTED AND TRANSMITTED TO THE FUND PURSUANT TO SECTION
336		-	42-4-1701 (4)(a)(II). THE GENERAL ASSEMBLY SHALL ANNUALLY
337		-	APPROPRIATE THE MONEY IN THE FUND TO COVER THE ACTUAL COST OF
338		-	ADMINISTERING SECTION
339		-	39-30-104 (1)(b). AFTER RECEIVING THE
340		-	STATEMENT PURSUANT TO SECTION
341		-	39-30-104 (1)(b)(VI), THE STATE
342		-	TREASURER SHALL CREDIT THE TOTAL COST OF THE AMOUNT OF THE TAX
343		-	CREDITS STATED THEREIN TO THE GENERAL FUND
344		-	. ANY MONEY REMAINING
345		-	IN THE COMMERCIAL VEHICLE ENTERPRISE TAX FUND AT THE END OF THE
346		-	FISCAL YEAR SHALL NOT REVERT TO THE GENERAL FUND
347		-	.
	472	+	N OR AFTER JULY 1, 2025, THE FUND CONSISTS OF MONEY5
	473	+	COLLECTED AND TRANSMITTED TO THE FUND PURSUANT TO SECTION6
	474	+	42-4-1701 (4)(a)(II). T
	475	+	HE GENERAL ASSEMBLY SHALL ANNUALLY7
	476	+	APPROPRIATE THE MONEY IN THE FUND TO COVER THE ACTUAL COST OF8
	477	+	ADMINISTERING SECTION 39-30-104 (1)(b). AFTER RECEIVING THE9
	478	+	STATEMENT PURSUANT TO SECTION 39-30-104 (1)(b)(VI), THE STATE10
	479	+	TREASURER SHALL CREDIT THE TOTAL COST OF THE AMOUNT OF THE TAX11
	480	+	CREDITS STATED THEREIN TO THE GENERAL FUND . ANY MONEY REMAINING12
	481	+	IN THE COMMERCIAL VEHICLE ENTERPRISE TAX FUND AT THE END OF THE13
	482	+	FISCAL YEAR SHALL NOT REVERT TO THE GENERAL FUND .14
348	483		(2) (a) (I) On July 1, 2011, and each July 1 thereafter
349		-	THROUGH JULY
350		-	1, 2024, the department shall allocate one-third of the fund balance, not
351		-	including the amount appropriated to cover the actual cost of administering
352		-	PAGE 10-HOUSE BILL 24-1036 sections 39-26-113.5 and 39-30-104 (1)(b), C.R.S., to make the sales tax
353		-	refunds granted in section 39-26-113.5. C.R.S.
354		-	(II) THIS SUBSECTION (2)(a) IS REPEALED, EFFECTIVE JULY 1, 2025.
	484	+	THROUGH15
	485	+	J
	486	+	ULY 1, 2024, the department shall allocate one-third of the fund balance,16
	487	+	not including the amount appropriated to cover the actual cost of17
	488	+	administering sections 39-26-113.5 and 39-30-104 (1)(b), C.R.S.,
	489	+	to make18
	490	+	the sales tax refunds granted in section 39-26-113.5. C.R.S.19
	491	+	(II) T
	492	+	HIS SUBSECTION (2)(a) IS REPEALED, EFFECTIVE JULY 1, 2025.20
355	493		(b) (I) On July 1, 2011, and each July 1 thereafter
356		-	THROUGH JULY 1,
357		-	2024, the department shall allocate two-thirds of the fund balance, not
358		-	including the amount appropriated to cover the actual cost of administering
359		-	sections 39-26-113.5 and 39-30-104 (1)(b), C.R.S.
360		-	to offset the income tax
361		-	credit granted in section 39-30-104 (1)(b). C.R.S. By January 1, 2012, the
362		-	department shall notify the Colorado economic development commission
363		-	created in section 24-46-102 C.R.S. of the amount allocated for such
364		-	purposes.
365		-	(II) THIS SUBSECTION (2)(b) IS REPEALED, EFFECTIVE JULY 1, 2025.
	494	+	THROUGH JULY21
	495	+	1, 2024, the department shall allocate two-thirds of the fund balance, not22
	496	+	including the amount appropriated to cover the actual cost of23
	497	+	administering sections 39-26-113.5 and 39-30-104 (1)(b), C.R.S.
	498	+	to offset24
	499	+	the income tax credit granted in section 39-30-104 (1)(b). C.R.S. By25
	500	+	January 1, 2012, the department shall notify the Colorado economic26
	501	+	development commission created in section 24-46-102 C.R.S. of the27
	502	+	1036
	503	+	-14- amount allocated for such purposes.1
	504	+	(II) T
	505	+	HIS SUBSECTION (2)(b) IS REPEALED, EFFECTIVE JULY 1,2
	506	+	2025.3
366	507		(c) O
367		-	N JULY 1, 2025, AND EACH JULY 1 THEREAFTER, THE
368		-	DEPARTMENT SHALL ALLOCATE THE FUND BALANCE
369		-	, NOT INCLUDING THE
370		-	AMOUNT APPROPRIATED TO COVER THE ACTUAL COST OF ADMINISTERING
	508	+	N JULY 1, 2025, AND EACH JULY 1 THEREAFTER, THE4
	509	+	DEPARTMENT SHALL ALLOCATE THE FUND BALANCE , NOT INCLUDING THE5
	510	+	AMOUNT APPROPRIATED TO COVER THE ACTUAL COST OF ADMINISTERING6
	511	+	SECTION 39-30-104 (1)(b), TO OFFSET THE INCOME TAX CREDIT GRANTED7
	512	+	IN SECTION 39-30-104 (1)(b).8
	513	+	SECTION 18. In Colorado Revised Statutes, 39-26-719, amend9
	514	+	(1)(a) introductory portion, (2) introductory portion, and (2)(b)(I)10
	515	+	introductory portion; and add (1)(c) and (2)(b)(III) as follows:11
	516	+	39-26-719. Motor vehicles - repeal. (1) (a) P
	517	+	RIOR TO JANUARY12
	518	+	1,
	519	+	2025, there shall be exempt from taxation under the provisions of part13
	520	+	1 of this article
	521	+	ARTICLE 26 the sale of any motor vehicle, power source14
	522	+	for any motor vehicle, or parts used for converting the power source for15
	523	+	any motor vehicle, if:16
	524	+	(c) T
	525	+	HIS SUBSECTION (1) IS REPEALED, EFFECTIVE DECEMBER 31,17
	526	+	2028.18
	527	+	(2) The following shall be exempt from taxation under the19
	528	+	provisions of part 2 of this article
	529	+	ARTICLE 26:20
	530	+	(b) (I) P
	531	+	RIOR TO JANUARY 1, 2025, the storage, use, or21
	532	+	consumption of a motor vehicle, power source for a motor vehicle, and22
	533	+	parts used for converting the power source of a motor vehicle, if:23
	534	+	(III) T
	535	+	HIS SUBSECTION (2)(b) IS REPEALED, EFFECTIVE DECEMBER24
	536	+	31,
	537	+	2028.25
	538	+	SECTION 19. In Colorado Revised Statutes, 39-26-402, amend26
	539	+	(1) as follows:27
	540	+	1036
	541	+	-15- 39-26-402. Refund of state sales and use tax for biotechnology1
	542	+	- application requirements and procedures - repeal. (1) For the2
	543	+	calendar year commencing January 1, 1999, and for each calendar year3
	544	+	thereafter
	545	+	PRIOR TO JANUARY 1,
	546	+	2026, each qualified biotechnology4
	547	+	taxpayer shall be allowed to claim a refund of all state sales and use tax5
	548	+	paid by the qualified biotechnology taxpayer, pursuant to parts 1 and 2 of6
	549	+	this article ARTICLE 26, on the sale, storage, use, or consumption of7
	550	+	tangible personal property to be used in Colorado directly and8
	551	+	predominately in research and development of biotechnology during that9
	552	+	calendar year.10
	553	+	SECTION 20. In Colorado Revised Statutes, add 39-26-403 as11
	554	+	follows:12
	555	+	39-26-403. Repeal. T
	556	+	HIS PART 4 IS REPEALED, EFFECTIVE13
	557	+	D
	558	+	ECEMBER 31,
	559	+	2029.14
	560	+	SECTION 21. In Colorado Revised Statutes, 39-26-129, amend15
	561	+	(1) and (3); and add (6) as follows:16
	562	+	39-26-129. Refund for property used in rural broadband17
	563	+	service - legislative declaration - definitions - repeal. (1) The general18
	564	+	assembly declares that the intended purpose of the tax refund created in19
	565	+	this section is to encourage broadband providers to deploy broadband20
	566	+	infrastructure in rural areas of the state AND TO CREATE INCENTIVES FOR21
	567	+	INVESTMENT IN BROADBAND INFRASTRUCTURE IN ADDITION TO THE22
	568	+	INCENTIVES ALREADY CREATED BY OTHER STATE OR FEDERAL LAW .23
	569	+	(3) Except as provided in subsection (5) of this section, for the24
	570	+	calendar year commencing January 1, 2014, and for each calendar year25
	571	+	thereafter
	572	+	PRIOR TO JANUARY 1,
	573	+	2027, a broadband provider is allowed to26
	574	+	claim a refund of all the state sales and use tax the provider pays pursuant27
	575	+	1036
	576	+	-16- to parts 1 and 2 of this article ARTICLE 26 for tangible personal property1
	577	+	that is installed in a target area for the provision of broadband service.2
	578	+	(6) T
	579	+	HIS SECTION IS REPEALED, EFFECTIVE DECEMBER 31,
	580	+	2030.3
	581	+	SECTION 22. In Colorado Revised Statutes, 39-22-104, amend4
	582	+	(3)(k), (4)(w)(I); and add (4)(w)(III) as follows:5
	583	+	39-22-104. Income tax imposed on individuals, estates, and6
	584	+	trusts - single rate - report - legislative declaration - definitions -7
	585	+	repeal. (3) There shall be added to the federal taxable income: 8
	586	+	(k) (I) P
	587	+	RIOR TO JANUARY 1, 2025, the amount recaptured in9
	588	+	accordance with section 39-22-4705 (2).10
	589	+	(II) T
	590	+	HIS SUBSECTION (3)(k) IS REPEALED, EFFECTIVE DECEMBER11
	591	+	31,
	592	+	2028.12
	593	+	(4) There shall be subtracted from federal taxable income:13
	594	+	(w) (I) For income tax years commencing on or after January 1,14
	595	+	2017,
	596	+	AND PRIOR TO JANUARY 1, 2025, to the extent included in federal15
	597	+	taxable income and as permitted under part 47 of this article
	598	+	ARTICLE 22,16
	599	+	an amount equal to any interest and other income earned on the17
	600	+	investment of the money in a first-time home buyer savings account18
	601	+	during the taxable year.19
	602	+	(III) T
	603	+	HIS SUBSECTION (4)(w) IS REPEALED, EFFECTIVE DECEMBER20
	604	+	31,
	605	+	2028.21
	606	+	SECTION 23. In Colorado Revised Statutes, 39-22-558, amend22
	607	+	(6) as follows:23
	608	+	39-22-558. Tax credit for employer's contribution to employee24
	609	+	for eligible expenses in connection with a qualifying home purchase25
	610	+	- tax preference performance statement - legislative declaration -26
	611	+	definitions - repeal. (6) (a) Nothing in this section is intended to27
	612	+	1036
	613	+	-17- preclude an employee who receives a contribution from their employer in1
	614	+	accordance with subsection (3) of this section from having a first-time2
	615	+	home buyer savings account pursuant to part 47 of this article 22.3
	616	+	(b) T
	617	+	HIS SUBSECTION (6) IS REPEALED, EFFECTIVE DECEMBER 31,4
	618	+	2028.5
	619	+	SECTION 24. In Colorado Revised Statutes, 39-22-4704, amend6
	620	+	(1) as follows:7
	621	+	39-22-4704. First-time home buyer savings account - repeal.8
	622	+	(1) Beginning January 1, 2017,
	623	+	AND PRIOR TO JANUARY 1, 2025, any9
	624	+	individual may open an account with a financial institution and designate10
	625	+	the account, in its entirety, as a first-time home buyer savings account to11
	626	+	be used to pay or reimburse a qualified beneficiary's eligible expenses for12
	627	+	the purchase of a primary residence in Colorado. An individual may be13
	628	+	the account holder of multiple accounts, and an individual may jointly14
	629	+	own the account with another person if they file a joint income tax return.15
	630	+	To be eligible for the subtraction under section 39-22-104 (4)(w)(I), an16
	631	+	account holder must comply with the requirements of this section.17
	632	+	SECTION 25. In Colorado Revised Statutes, add 39-22-4708 as18
	633	+	follows:19
	634	+	39-22-4708. Repeal. T
	635	+	HIS PART 47 IS REPEALED, EFFECTIVE20
	636	+	D
	637	+	ECEMBER 31, 2028.21
	638	+	22
	639	+	SECTION 26. In Colorado Revised Statutes, 39-27-102.5,23
	640	+	amend (2.5)(a)(II) and (2.5)(a)(III); and add (2.5)(a)(IV) as follows:24
	641	+	39-27-102.5. Exemptions on tax imposed - ex-tax purchases -25
	642	+	definition - repeal. (2.5) (a) (II) P
	643	+	RIOR TO JANUARY 1, 2025, gasoline26
	644	+	used by domestic or foreign part 121 air carriers or part 135 commuter air27
	645	+	1036
	646	+	-18- carriers authorized to provide passenger and cargo air transportation1
	647	+	services pursuant to the regulations of the office of the secretary of2
	648	+	transportation and federal aviation administration of the United States3
	649	+	department of transportation is exempt from the tax imposed pursuant to4
	650	+	this part 1. For those air carriers that are certificated by the United States5
	651	+	department of transportation for both part 121 air carrier operations and6
	652	+	part 135 on-demand operations, the provisions of this subsection7
	653	+	(2.5)(a)(II) shall not apply to the air carrier's part 135 on-demand8
	654	+	operations.9
	655	+	(III) P
	656	+	RIOR TO JANUARY 1, 2025, gasoline used by direct air10
	657	+	carriers providing air transportation to authorized public charter operators11
	658	+	pursuant to 14 CFR 380 is exempt from the tax imposed pursuant to this12
	659	+	part 1.13
	660	+	(IV) S
	661	+	UBSECTIONS (2.5)(a)(II) AND (2.5)(a)(III) OF THIS SECTION14
	662	+	AND THIS SUBSECTION (2.5)(a)(IV) ARE REPEALED, EFFECTIVE DECEMBER15
	663	+	31,
	664	+	2028.16
371	665		SECTION
372		-	39-30-104 (1)(b), TO OFFSET THE INCOME TAX CREDIT GRANTED IN
	666	+	27. In Colorado Revised Statutes, 39-28-104, amend17
	667	+	(4)(a); and add (4)(e) as follows:18
	668	+	39-28-104. Evidence of payment of tax - credits - redemptions19
	669	+	- repeal. (4) (a) P
	670	+	RIOR TO JANUARY 1, 2025, credit shall be given by the20
	671	+	department to a wholesaler for all taxes levied pursuant to this article and21
	672	+	section 21 of article X of the state constitution and paid pursuant to the22
	673	+	provisions of this article
	674	+	ARTICLE 28 that are bad debts. Such credit shall23
	675	+	offset taxes levied pursuant to this article and section 21 of article X of24
	676	+	the state constitution and paid pursuant to the provisions of this article25
	677	+	only. No credit shall be given unless the bad debt has been charged off as26
	678	+	uncollectible on the books of the wholesaler. Subsequent to receiving the27
	679	+	1036
	680	+	-19- credit, if the wholesaler receives a payment for the bad debt, the1
	681	+	wholesaler shall be liable to the department for the amount received and2
	682	+	shall remit this amount in the next payment to the department under this3
	683	+	section or section 39-28-105.4
	684	+	(e) T
	685	+	HIS SUBSECTION (4) IS REPEALED, EFFECTIVE DECEMBER 31,5
	686	+	2028.6
373	687		SECTION
374		-	39-30-104 (1)(b).
375		-	SECTION 18. In Colorado Revised Statutes, 39-26-719, amend
376		-	(1)(a) introductory portion, (2) introductory portion, and (2)(b)(I)
377		-	introductory portion; and add (1)(c) and (2)(b)(III) as follows:
378		-	39-26-719. Motor vehicles - repeal. (1) (a) P
379		-	RIOR TO JANUARY 1,
380		-	2025, there shall be exempt from taxation under the provisions of part 1 of
381		-	this article
382		-	ARTICLE 26 the sale of any motor vehicle, power source for any
383		-	motor vehicle, or parts used for converting the power source for any motor
384		-	vehicle, if:
385		-	(c) T
386		-	HIS SUBSECTION (1) IS REPEALED, EFFECTIVE DECEMBER 31,
387		-	2028.
388		-	(2) The following shall be exempt from taxation under the
389		-	provisions of part 2 of this article
390		-	ARTICLE 26:
391		-	(b) (I) P
392		-	RIOR TO JANUARY 1, 2025, the storage, use, or consumption
393		-	of a motor vehicle, power source for a motor vehicle, and parts used for
394		-	PAGE 11-HOUSE BILL 24-1036 converting the power source of a motor vehicle, if:
395		-	(III) T
396		-	HIS SUBSECTION (2)(b) IS REPEALED, EFFECTIVE DECEMBER 31,
397		-	2028.
398		-	SECTION 19. In Colorado Revised Statutes, 39-26-402, amend (1)
399		-	as follows:
400		-	39-26-402. Refund of state sales and use tax for biotechnology
401		-	- application requirements and procedures - repeal. (1) For the calendar
402		-	year commencing January 1, 1999, and for each calendar year thereafter
403		-	PRIOR TO JANUARY 1, 2026, each qualified biotechnology taxpayer shall be
404		-	allowed to claim a refund of all state sales and use tax paid by the qualified
405		-	biotechnology taxpayer, pursuant to parts 1 and 2 of this article
406		-	ARTICLE 26,
407		-	on the sale, storage, use, or consumption of tangible personal property to be
408		-	used in Colorado directly and predominately in research and development
409		-	of biotechnology during that calendar year.
410		-	SECTION 20. In Colorado Revised Statutes, add 39-26-403 as
411		-	follows:
412		-	39-26-403. Repeal. T
413		-	HIS PART 4 IS REPEALED, EFFECTIVE DECEMBER
414		-	31, 2029.
415		-	SECTION 21. In Colorado Revised Statutes, 39-26-129, amend (1)
416		-	and (3); and add (6) as follows:
417		-	39-26-129. Refund for property used in rural broadband service
418		-	- legislative declaration - definitions - repeal. (1) The general assembly
419		-	declares that the intended purpose of the tax refund created in this section
420		-	is to encourage broadband providers to deploy broadband infrastructure in
421		-	rural areas of the state
422		-	AND TO CREATE INCENTIVES FOR INVESTMENT IN
423		-	BROADBAND INFRASTRUCTURE IN ADDITION TO THE INCENTIVES ALREADY
424		-	CREATED BY OTHER STATE OR FEDERAL LAW
425		-	.
426		-	(3) Except as provided in subsection (5) of this section, for the
427		-	calendar year commencing January 1, 2014, and for each calendar year
428		-	thereafter
429		-	PRIOR TO JANUARY 1, 2027, a broadband provider is allowed to
430		-	claim a refund of all the state sales and use tax the provider pays pursuant
431		-	to parts 1 and 2 of this article
432		-	ARTICLE 26 for tangible personal property that
433		-	PAGE 12-HOUSE BILL 24-1036 is installed in a target area for the provision of broadband service.
434		-	(6) T
435		-	HIS SECTION IS REPEALED, EFFECTIVE DECEMBER 31, 2030.
436		-	SECTION 22. In Colorado Revised Statutes, 39-22-104, amend
437		-	(3)(k) and (4)(w)(I); and add (4)(w)(III) as follows:
438		-	39-22-104. Income tax imposed on individuals, estates, and
439		-	trusts - single rate - report - legislative declaration - definitions - repeal.
440		-	(3) There shall be added to the federal taxable income:
441		-	(k) (I) P
442		-	RIOR TO JANUARY 1, 2025, the amount recaptured in
443		-	accordance with section 39-22-4705 (2).
444		-	(II) T
445		-	HIS SUBSECTION (3)(k) IS REPEALED, EFFECTIVE DECEMBER 31,
446		-	2028.
447		-	(4) There shall be subtracted from federal taxable income:
448		-	(w) (I) For income tax years commencing on or after January 1,
449		-	2017,
450		-	AND PRIOR TO JANUARY 1, 2025, to the extent included in federal
451		-	taxable income and as permitted under part 47 of this article
452		-	ARTICLE 22, an
453		-	amount equal to any interest and other income earned on the investment of
454		-	the money in a first-time home buyer savings account during the taxable
455		-	year.
456		-	(III) T
457		-	HIS SUBSECTION (4)(w) IS REPEALED, EFFECTIVE DECEMBER
458		-	31, 2028.
459		-	SECTION 23. In Colorado Revised Statutes, 39-22-558, amend (6)
460		-	as follows:
461		-	39-22-558. Tax credit for employer's contribution to employee
462		-	for eligible expenses in connection with a qualifying home purchase -
463		-	tax preference performance statement - legislative declaration -
464		-	definitions - repeal. (6) (a) Nothing in this section is intended to preclude
465		-	an employee who receives a contribution from their employer in accordance
466		-	with subsection (3) of this section from having a first-time home buyer
467		-	savings account pursuant to part 47 of this article 22.
468		-	PAGE 13-HOUSE BILL 24-1036 (b) THIS SUBSECTION (6) IS REPEALED, EFFECTIVE DECEMBER 31,
469		-	2028.
470		-	SECTION 24. In Colorado Revised Statutes, 39-22-4704, amend
471		-	(1) as follows:
472		-	39-22-4704. First-time home buyer savings account - repeal.
473		-	(1) Beginning January 1, 2017,
474		-	AND PRIOR TO JANUARY 1, 2025, any
475		-	individual may open an account with a financial institution and designate
476		-	the account, in its entirety, as a first-time home buyer savings account to be
477		-	used to pay or reimburse a qualified beneficiary's eligible expenses for the
478		-	purchase of a primary residence in Colorado. An individual may be the
479		-	account holder of multiple accounts, and an individual may jointly own the
480		-	account with another person if they file a joint income tax return. To be
481		-	eligible for the subtraction under section 39-22-104 (4)(w)(I), an account
482		-	holder must comply with the requirements of this section.
483		-	SECTION 25. In Colorado Revised Statutes, add 39-22-4708 as
484		-	follows:
485		-	39-22-4708. Repeal. T
486		-	HIS PART 47 IS REPEALED, EFFECTIVE
487		-	DECEMBER 31, 2028.
488		-	SECTION 26. In Colorado Revised Statutes, 39-27-102.5, amend
489		-	(2.5)(a)(II) and (2.5)(a)(III); and add (2.5)(a)(IV) as follows:
490		-	39-27-102.5. Exemptions on tax imposed - ex-tax purchases -
491		-	definition - repeal. (2.5) (a) (II) P
492		-	RIOR TO JANUARY 1, 2025, gasoline used
493		-	by domestic or foreign part 121 air carriers or part 135 commuter air
494		-	carriers authorized to provide passenger and cargo air transportation
495		-	services pursuant to the regulations of the office of the secretary of
496		-	transportation and federal aviation administration of the United States
497		-	department of transportation is exempt from the tax imposed pursuant to
498		-	this part 1. For those air carriers that are certificated by the United States
499		-	department of transportation for both part 121 air carrier operations and part
500		-	135 on-demand operations, the provisions of this subsection (2.5)(a)(II)
501		-	shall not apply to the air carrier's part 135 on-demand operations.
502		-	(III) P
503		-	RIOR TO JANUARY 1, 2025, gasoline used by direct air carriers
504		-	providing air transportation to authorized public charter operators pursuant
505		-	PAGE 14-HOUSE BILL 24-1036 to 14 CFR 380 is exempt from the tax imposed pursuant to this part 1.
506		-	(IV) S
507		-	UBSECTIONS (2.5)(a)(II) AND (2.5)(a)(III) OF THIS SECTION
508		-	AND THIS SUBSECTION
509		-	(2.5)(a)(IV) ARE REPEALED, EFFECTIVE DECEMBER
510		-	31, 2028.
511		-	SECTION 27. In Colorado Revised Statutes, 39-28-104, amend
512		-	(4)(a); and add (4)(e) as follows:
513		-	39-28-104. Evidence of payment of tax - credits - redemptions -
514		-	repeal. (4) (a) P
515		-	RIOR TO JANUARY 1, 2025, credit shall be given by the
516		-	department to a wholesaler for all taxes levied pursuant to this article and
517		-	section 21 of article X of the state constitution and paid pursuant to the
518		-	provisions of this article
519		-	ARTICLE 28 that are bad debts. Such credit shall
520		-	offset taxes levied pursuant to this article and section 21 of article X of the
521		-	state constitution and paid pursuant to the provisions of this article only. No
522		-	credit shall be given unless the bad debt has been charged off as
523		-	uncollectible on the books of the wholesaler. Subsequent to receiving the
524		-	credit, if the wholesaler receives a payment for the bad debt, the wholesaler
525		-	shall be liable to the department for the amount received and shall remit this
526		-	amount in the next payment to the department under this section or section
527		-	39-28-105.
	688	+	28. In Colorado Revised Statutes, 39-28.5-107,7
	689	+	amend as it will become effective January 1, 2024, (2)(a); and add8
	690	+	(2)(e) as follows:9
	691	+	39-28.5-107. When credit may be obtained for tax paid -10
	692	+	repeal. (2) (a) P
	693	+	RIOR TO JANUARY 1, 2025, credit shall be given by the11
	694	+	department to a distributor or remote retail seller for all taxes levied12
	695	+	pursuant to this article 28.5 and section 21 of article X of the state13
	696	+	constitution and paid pursuant to the provisions of this article 28.5 that14
	697	+	are bad debts. Such credit shall offset taxes levied pursuant to this article15
	698	+	28.5 and section 21 of article X of the state constitution and paid pursuant16
	699	+	to the provisions of this article 28.5 only. No credit shall be given unless17
	700	+	the bad debt has been charged off as uncollectible on the books of the18
	701	+	distributor or remote retail seller. Subsequent to receiving the credit, if the19
	702	+	distributor or remote retail seller receives a payment for the bad debt, the20
	703	+	distributor or remote retail seller shall be liable to the department for the21
	704	+	amount received and shall remit this amount in the next payment to the22
	705	+	department under section 39-28.5-106.23
528	706		(e) T
529		-	HIS SUBSECTION (4) IS REPEALED, EFFECTIVE DECEMBER 31,
530		-	2028.
531		-	SECTION 28. In Colorado Revised Statutes, 39-28.5-107, amend
532		-	(2)(a); and add (2)(e) as follows:
533		-	39-28.5-107. When credit may be obtained for tax paid - repeal.
534		-	(2) (a) P
535		-	RIOR TO JANUARY 1, 2025, credit shall be given by the department
536		-	to a distributor or remote retail seller for all taxes levied pursuant to this
537		-	article 28.5 and section 21 of article X of the state constitution and paid
538		-	pursuant to the provisions of this article 28.5 that are bad debts. Such credit
539		-	shall offset taxes levied pursuant to this article 28.5 and section 21 of article
540		-	X of the state constitution and paid pursuant to the provisions of this article
541		-	28.5 only. No credit shall be given unless the bad debt has been charged off
542		-	as uncollectible on the books of the distributor or remote retail seller.
543		-	Subsequent to receiving the credit, if the distributor or remote retail seller
544		-	receives a payment for the bad debt, the distributor or remote retail seller
545		-	PAGE 15-HOUSE BILL 24-1036 shall be liable to the department for the amount received and shall remit this
546		-	amount in the next payment to the department under section 39-28.5-106.
547		-	(e) T
548		-	HIS SUBSECTION (2) IS REPEALED, EFFECTIVE DECEMBER 31,
549		-	2028.
550		-	SECTION 29. In Colorado Revised Statutes, 39-21-303, amend
551		-	(4); and repeal (3)(b) as follows:
552		-	39-21-303. Tax profile and expenditure report - repeal.
553		-	(3) (b) No later than February 1, 2013, and February 1 of every
554		-	odd-numbered year thereafter, the executive director, or his or her designee,
555		-	shall present the tax profile and expenditure report to the finance
556		-	committees of the house of representatives and the senate, or any successor
557		-	committees.
558		-	(4) The reporting requirement set forth in this section is exempt
559		-	from the provisions of section 24-1-136 (11). C.R.S., and the biennial
560		-	reporting requirement shall remain in effect until changed by the general
561		-	assembly acting by bill.
562		-	SECTION 30. In Colorado Revised Statutes, 39-22-104, amend
563		-	(4)(n.5)(I)(A) and (4)(n.5)(IV); and add (4)(i)(VI) as follows:
564		-	39-22-104. Income tax imposed on individuals, estates, and
565		-	trusts - single rate - report - legislative declaration - definitions - repeal.
566		-	(4) There shall be subtracted from federal taxable income:
	707	+	HIS SUBSECTION (2) IS REPEALED, EFFECTIVE DECEMBER 31,24
	708	+	2028.25
	709	+	SECTION
	710	+	29. In Colorado Revised Statutes, 39-21-303, amend26
	711	+	(4); and repeal (3)(b) as follows:27
	712	+	1036
	713	+	-20- 39-21-303. Tax profile and expenditure report - repeal.1
	714	+	(3) (b) No later than February 1, 2013, and February 1 of every2
	715	+	odd-numbered year thereafter, the executive director, or his or her3
	716	+	designee, shall present the tax profile and expenditure report to the4
	717	+	finance committees of the house of representatives and the senate, or any5
	718	+	successor committees.6
	719	+	(4) The reporting requirement set forth in this section is exempt7
	720	+	from the provisions of section 24-1-136 (11). C.R.S., and the biennial8
	721	+	reporting requirement shall remain in effect until changed by the general9
	722	+	assembly acting by bill.10
	723	+	SECTION 30. In Colorado Revised Statutes, 39-22-104, amend11
	724	+	(4)(n.5)(I)(A) and (4)(n.5)(IV); and add (4)(i)(VI) as follows:12
	725	+	39-22-104. Income tax imposed on individuals, estates, and13
	726	+	trusts - single rate - report - legislative declaration - definitions -14
	727	+	repeal. (4) There shall be subtracted from federal taxable income:15
567	728		(i) (VI) T
568		-	HE PURPOSE OF THE DEDUCTION AUTHORIZED IN THIS
569		-	SUBSECTION
570		-	(4)(i) IS TO CREATE ADDITIONAL INCENTIVES FOR SAVING FOR
571		-	COLLEGE TUITION NOT ALREADY CREATED BY OTHER STATE OR FEDERAL
572		-	LAW
573		-	.
574		-	(n.5) (I) (A) For income tax years commencing on or after January
575		-	1, 2014, but prior to January 1, 2017, and for income tax years commencing
576		-	on or after January 1, 2020, but prior to January 1, 2026,
577		-	JANUARY 1, 2025,
578		-	an amount equal to fifty percent of a landowner's costs incurred in
579		-	performing wildfire mitigation measures in that income tax year on his or
580		-	her property located within the state; except that the amount of the
581		-	deduction claimed in an income tax year shall not exceed two thousand five
582		-	PAGE 16-HOUSE BILL 24-1036 hundred dollars or the total amount of the landowner's federal taxable
583		-	income for the income tax year for which the deduction is claimed,
584		-	whichever is less.
585		-	(IV) This subsection (4)(n.5) is repealed, effective January 1, 2030
586		-	JANUARY 1, 2028.
587		-	SECTION 31. In Colorado Revised Statutes, 39-22-538, amend
588		-	(3)(a) and (3)(b)(I) as follows:
589		-	39-22-538. Credit for health-care preceptors working in health
590		-	professional shortage areas - legislative declaration - definitions.
591		-	(3) (a) (I) For income tax years commencing on or after January 1, 2017,
592		-	but prior to January 1, 2033 JANUARY 1, 2025, and subject to the
593		-	requirements of subsection (3)(b)(I)(A) of this section, a taxpayer is allowed
594		-	a credit against the income taxes imposed by this article 22 in an amount
595		-	equal to one thousand dollars for a preceptorship provided by the taxpayer
596		-	during the applicable income tax year for which the credit is claimed.
	729	+	HE PURPOSE OF THE DEDUCTION AUTHORIZED IN THIS16
	730	+	SUBSECTION (4)(i) IS TO CREATE ADDITIONAL INCENTIVES FOR SAVING FOR17
	731	+	COLLEGE TUITION NOT ALREADY CREATED BY OTHER STATE OR FEDERAL18
	732	+	LAW.19
	733	+	(n.5) (I) (A) For income tax years commencing on or after January20
	734	+	1, 2014, but prior to January 1, 2017, and for income tax years21
	735	+	commencing on or after January 1, 2020, but prior to January 1, 2026,
	736	+	22
	737	+	J
	738	+	ANUARY 1, 2025, an amount equal to fifty percent of a landowner's costs23
	739	+	incurred in performing wildfire mitigation measures in that income tax24
	740	+	year on his or her property located within the state; except that the amount25
	741	+	of the deduction claimed in an income tax year shall not exceed two26
	742	+	thousand five hundred dollars or the total amount of the landowner's27
	743	+	1036
	744	+	-21- federal taxable income for the income tax year for which the deduction1
	745	+	is claimed, whichever is less.2
	746	+	(IV) This subsection (4)(n.5) is repealed, effective January 1,3
	747	+	2030 JANUARY 1, 2028.4
	748	+	SECTION 31. In Colorado Revised Statutes, 39-22-538, amend5
	749	+	(3)(a) and (3)(b)(I) as follows:6
	750	+	39-22-538. Credit for health-care preceptors working in health7
	751	+	professional shortage areas - legislative declaration - definitions.8
	752	+	(3) (a) (I) For income tax years commencing on or after January 1, 2017,9
	753	+	but prior to January 1, 2033 JANUARY 1, 2025, and subject to the10
	754	+	requirements of subsection (3)(b)(I)(A) of this section, a taxpayer is11
	755	+	allowed a credit against the income taxes imposed by this article 22 in an12
	756	+	amount equal to one thousand dollars for a preceptorship provided by the13
	757	+	taxpayer during the applicable income tax year for which the credit is14
	758	+	claimed.15
597	759		(II) F
598		-	OR INCOME TAX YEARS COMMENCING ON OR AFTER JANUARY
599		-	1, 2025, BUT PRIOR TO JANUARY 1, 2033, AND SUBJECT TO THE
600		-	REQUIREMENTS OF SUBSECTION
601		-	(3)(b)(I)(B) OF THIS SECTION, A TAXPAYER
602		-	IS ALLOWED A CREDIT AGAINST THE INCOME TAXES IMPOSED BY THIS
603		-	ARTICLE
604		-	22 IN AN AMOUNT EQUAL TO TWO THOUSAND DOLLARS FOR EACH
605		-	PRECEPTORSHIP PROVIDED BY THE TAXPAYER DURING THE APPLICABLE
606		-	INCOME TAX YEAR FOR WHICH THE CREDIT IS CLAIMED
607		-	. A CREDIT IS
608		-	ALLOWED FOR A MAXIMUM OF THREE PRECEPTORSHIPS PER APPLICABLE
609		-	INCOME TAX YEAR
610		-	. THE MAXIMUM TOTAL CREDIT IN A TAXABLE YEAR IS SIX
611		-	THOUSAND DOLLARS
612		-	.
613		-	(b) Notwithstanding any other provision of this section:
	760	+	OR INCOME TAX YEARS COMMENCING ON OR AFTER JANUARY16
	761	+	1,
	762	+	2025, BUT PRIOR TO JANUARY 1, 2033, AND SUBJECT TO THE17
	763	+	REQUIREMENTS OF SUBSECTION (3)(b)(I)(B) OF THIS SECTION, A TAXPAYER18
	764	+	IS ALLOWED A CREDIT AGAINST THE INCOME TAXES IMPOSED BY THIS19
	765	+	ARTICLE 22 IN AN AMOUNT EQUAL TO TWO THOUSAND DOLLARS FOR EACH20
	766	+	PRECEPTORSHIP PROVIDED BY THE TAXPAYER DURING THE APPLICABLE21
	767	+	INCOME TAX YEAR FOR WHICH THE CREDIT IS CLAIMED . A CREDIT IS22
	768	+	ALLOWED FOR A MAXIMUM OF THREE PRECEPTORSHIPS PER APPLICABLE23
	769	+	INCOME TAX YEAR. THE MAXIMUM TOTAL CREDIT IN A TAXABLE YEAR IS24
	770	+	SIX THOUSAND DOLLARS.25
	771	+	(b) Notwithstanding any other provision of this section:26
614	772		(I) (A) F
615		-	OR INCOME TAX YEARS COMMENCING BEFORE JANUARY 1,
616		-	2025, the aggregate amount of the credit awarded to any one taxpayer under
617		-	this section shall not exceed one thousand dollars for any one income tax
618		-	year regardless of the number of preceptorships undertaken by the taxpayer
619		-	during the applicable income tax year or the number of eligible health
620		-	professional students the taxpayer instructs, trains, or supervises during the
621		-	applicable income tax year;
622		-	PAGE 17-HOUSE BILL 24-1036 (B) FOR INCOME TAX YEARS COMMENCING ON OR AFTER JANUARY
623		-	1, 2025, BUT PRIOR TO JANUARY 1, 2033, THE AGGREGATE AMOUNT OF THE
624		-	CREDIT AWARDED TO ANY ONE TAXPAYER UNDER THIS SECTION SHALL NOT
625		-	EXCEED SIX THOUSAND DOLLARS FOR ANY ONE INCOME TAX YEAR
626		-	REGARDLESS OF THE NUMBER OF PRECEPTORSHIPS UNDERTAKEN BY THE
627		-	TAXPAYER DURING THE APPLICABLE INCOME TAX YEAR OR THE NUMBER OF
628		-	ELIGIBLE HEALTH PROFESSIONAL STUDENTS THE TAXPAYER INSTRUCTS
629		-	,
630		-	TRAINS, OR SUPERVISES DURING THE APPLICABLE INCOME TAX YEAR .
631		-	SECTION 32. In Colorado Revised Statutes, 39-22-543, amend
632		-	(2)(a) and (4) as follows:
633		-	39-22-543. Credit for wildfire hazard mitigation expenses -
634		-	legislative declaration - definitions - repeal. (2) As used in this section,
635		-	unless the context otherwise requires:
636		-	(a) "Costs" means any actual out-of-pocket expense incurred and
	773	+	OR INCOME TAX YEARS COMMENCING BEFORE JANUARY27
	774	+	1036
	775	+	-22- 1, 2025, the aggregate amount of the credit awarded to any one taxpayer1
	776	+	under this section shall not exceed one thousand dollars for any one2
	777	+	income tax year regardless of the number of preceptorships undertaken3
	778	+	by the taxpayer during the applicable income tax year or the number of4
	779	+	eligible health professional students the taxpayer instructs, trains, or5
	780	+	supervises during the applicable income tax year;6
	781	+	(B) F
	782	+	OR INCOME TAX YEARS COMMENCING ON OR AFTER JANUARY7
	783	+	1,
	784	+	2025, BUT PRIOR TO JANUARY 1, 2033, THE AGGREGATE AMOUNT OF THE8
	785	+	CREDIT AWARDED TO ANY ONE TAXPAYER UNDER THIS SECTION SHALL NOT9
	786	+	EXCEED SIX THOUSAND DOLLARS FOR ANY ONE INCOME TAX YEAR10
	787	+	REGARDLESS OF THE NUMBER OF PRECEPTORSHIPS UNDERTAKEN BY THE11
	788	+	TAXPAYER DURING THE APPLICABLE INCOME TAX YEAR OR THE NUMBER12
	789	+	OF ELIGIBLE HEALTH PROFESSIONAL STUDENTS THE TAXPAYER INSTRUCTS ,13
	790	+	TRAINS, OR SUPERVISES DURING THE APPLICABLE INCOME TAX YEAR .14
	791	+	SECTION
	792	+	32. In Colorado Revised Statutes, 39-22-543, amend15
	793	+	(2)(a) and (4) as follows:16
	794	+	39-22-543. Credit for wildfire hazard mitigation expenses -17
	795	+	legislative declaration - definitions - repeal. (2) As used in this section,18
	796	+	unless the context otherwise requires:19
	797	+	(a) "Costs" means any actual out-of-pocket expense incurred and20
637	798		paid by the landowner
638		-	TO A THIRD-PARTY SERVICE PROVIDER, ~~documented~~
639		-	by receipt, for performing wildfire mitigation measures. "Costs" does ~~not~~
640		-	include any inspection or certification fees, in-kind contributions, ~~donations,~~
641		-	incentives, or cost sharing associated with performing ~~wildfire mitigation~~
642		-	measures. "Costs" does not include expenses paid by ~~the landowner from~~
643		-	any grants awarded to the landowner for ~~performing wildfire mitigation~~
644		-	measures. "C
645		-	OSTS" DOES NOT INCLUDE ANY ~~AMOUNT PAID BY THE~~
646		-	~~LANDOWNER FOR THE PURCHASE OR RENTAL OF ANY ARTICLE OF TANGIBLE~~
647		-	~~PERSONAL PROPERTY~~ FOR THE ~~LANDOWNER~~
648		-	'S OWN USE.
649		-	(4) (a) For income tax years commencing on or after January 1,
650		-	2023, but prior to January 1, 2026,
651		-	~~JANUARY 1, 2025,~~ a ~~landowner with a~~
652		-	~~federal taxable~~ income at or ~~below one hundred twenty thousand dollars for~~
653		-	~~the income tax year commencing on or after January 1, 2023, as~~ adjusted for
654		-	~~inflation and rounded to the nearest hundred dollar amount~~ for each income
655		-	~~tax year thereafter, is allowed a credit against the income~~ taxes imposed by
656		-	~~this article 22 in an amount equal to twenty-five percent~~ of up to two
657		-	~~thousand five hundred dollars in costs for wildfire mitigation~~ measures. The
658		-	~~maximum total credit in a taxable year is six hundred~~ twenty-five dollars.
	799	+	TO A THIRD-PARTY SERVICE PROVIDER, documented21
	800	+	by receipt, for performing wildfire mitigation measures. "Costs" does not22
	801	+	include any inspection or certification fees, in-kind contributions,23
	802	+	donations, incentives, or cost sharing associated with performing wildfire24
	803	+	mitigation measures. "Costs" does not include expenses paid by the25
	804	+	landowner from any grants awarded to the landowner for performing26
	805	+	wildfire mitigation measures. "C
	806	+	OSTS" DOES NOT INCLUDE ANY AMOUNT27
	807	+	1036
	808	+	-23- PAID BY THE LANDOWNER FOR THE PURCHASE OR RENTAL OF ANY ARTICLE1
	809	+	OF TANGIBLE PERSONAL PROPERTY FOR THE LANDOWNER 'S OWN USE.2
	810	+	(4) (a) For income tax years commencing on or after January 1,3
	811	+	2023, but prior to January 1, 2026, JANUARY 1, 2025, a landowner with4
	812	+	a federal taxable income at or below one hundred twenty thousand dollars5
	813	+	for the income tax year commencing on or after January 1, 2023, as6
	814	+	adjusted for inflation and rounded to the nearest hundred dollar amount7
	815	+	for each income tax year thereafter, is allowed a credit against the income8
	816	+	taxes imposed by this article 22 in an amount equal to twenty-five percent9
	817	+	of up to two thousand five hundred dollars in costs for wildfire mitigation10
	818	+	measures. The maximum total credit in a taxable year is six hundred11
	819	+	twenty-five dollars.12
659	820		(b) F
660		-	OR INCOME TAX YEARS COMMENCING ON OR AFTER JANUARY 1,
661		-	2025,
662		-	BUT PRIOR TO JANUARY 1, 2028, A LANDOWNER WITH A FEDERAL
663		-	TAXABLE INCOME AT OR BELOW ONE HUNDRED TWENTY THOUSAND DOLLARS
664		-	PAGE 18-HOUSE BILL 24-1036 FOR THE INCOME TAX YEAR COMMENCING ON OR AFTER JANUARY 1, 2023,
665		-	AS ADJUSTED FOR INFLATION AND ROUNDED TO THE NEAREST HUNDRED
666		-	DOLLARS FOR EACH INCOME TAX YEAR THEREAFTER
667		-	, IS ALLOWED A CREDIT
668		-	AGAINST THE INCOME TAXES IMPOSED BY THIS ARTICLE
669		-	22 IN AN AMOUNT
670		-	EQUAL TO THE LANDOWNER
671		-	'S COSTS INCURRED FOR WILDFIRE MITIGATION
672		-	MEASURES IN AN AMOUNT UP TO ONE THOUSAND DOLLARS
673		-	. THE MAXIMUM
674		-	TOTAL CREDIT IN A TAXABLE YEAR IS ONE THOUSAND DOLLARS
675		-	.
676		-	SECTION 33. In Colorado Revised Statutes, 39-22-509, amend
677		-	(3)(b) as follows:
678		-	39-22-509. Credit against tax - employer expenditures for
679		-	alternative transportation options for employees - legislative
680		-	declaration - definitions - repeal. (3) (b) (I) F
681		-	OR INCOME TAX YEARS
682		-	COMMENCING BEFORE
683		-	JANUARY 1, 2024, a local government or nonprofit
684		-	organization shall file a corporate income tax return for informational
685		-	purposes for each income tax year that the local government or nonprofit
686		-	organization claims the credit allowed in subsection (3)(a) of this section.
	821	+	OR INCOME TAX YEARS COMMENCING ON OR AFTER JANUARY13
	822	+	1,
	823	+	2025, BUT PRIOR TO JANUARY 1, 2028, A LANDOWNER WITH A FEDERAL14
	824	+	TAXABLE INCOME AT OR BELOW ONE HUNDRED TWENTY THOUSAND15
	825	+	DOLLARS FOR THE INCOME TAX YEAR COMMENCING ON OR AFTER16
	826	+	J
	827	+	ANUARY 1, 2023, AS ADJUSTED FOR INFLATION AND ROUNDED TO THE17
	828	+	NEAREST HUNDRED DOLLARS FOR EACH INCOME TAX YEAR THEREAFTER ,18
	829	+	IS ALLOWED A CREDIT AGAINST THE INCOME TAXES IMPOSED BY THIS19
	830	+	ARTICLE 22 IN AN AMOUNT EQUAL TO THE LANDOWNER 'S COSTS INCURRED20
	831	+	FOR WILDFIRE MITIGATION MEASURES IN AN AMOUNT UP TO ONE21
	832	+	THOUSAND DOLLARS. THE MAXIMUM TOTAL CREDIT IN A TAXABLE YEAR22
	833	+	IS ONE THOUSAND DOLLARS.23
	834	+	SECTION
	835	+	33. In Colorado Revised Statutes, 39-22-509, amend24
	836	+	(3)(b) as follows:25
	837	+	39-22-509. Credit against tax - employer expenditures for26
	838	+	alternative transportation options for employees - legislative27
	839	+	1036
	840	+	-24- declaration - definitions - repeal. (3) (b) (I) F OR INCOME TAX YEARS1
	841	+	COMMENCING BEFORE JANUARY 1, 2024, a local government or nonprofit2
	842	+	organization shall file a corporate income tax return for informational3
	843	+	purposes for each income tax year that the local government or nonprofit4
	844	+	organization claims the credit allowed in subsection (3)(a) of this section.5
687	845		(II) F
688		-	OR INCOME TAX YEARS COMMENCING ON OR AFTER JANUARY
689		-	1, 2024, BUT BEFORE JANUARY 1, 2025, A LOCAL GOVERNMENT OR
690		-	NONPROFIT ORGANIZATION THAT CLAIMS THE CREDIT ALLOWED IN
691		-	SUBSECTION
692		-	(3)(a) OF THIS SECTION SHALL FILE A RETURN PURSUANT TO
	846	+	OR INCOME TAX YEARS COMMENCING ON OR AFTER JANUARY6
	847	+	1,
	848	+	2024, BUT BEFORE JANUARY 1, 2025, A LOCAL GOVERNMENT OR7
	849	+	NONPROFIT ORGANIZATION THAT CLAIMS THE CREDIT ALLOWED IN8
	850	+	SUBSECTION (3)(a) OF THIS SECTION SHALL FILE A RETURN PURSUANT TO9
	851	+	SECTION 39-22-601 (7)(b).10
693	852		SECTION
694		-	39-22-601 (7)(b).
695		-	SECTION 34. In Colorado Revised Statutes, 39-22-522, add (12)
696		-	as follows:
697		-	39-22-522. Credit against tax - conservation easements -
	853	+	34. In Colorado Revised Statutes, 39-22-522, add (12)11
	854	+	as follows:12
	855	+	39-22-522. Credit against tax - conservation easements -13
698	856		definition. (12) F
699		-	OR INCOME TAX YEARS COMMENCING ON OR AFTER
700		-	JANUARY 1, 2024, EVERY TAXPAYER EXEMPT FROM TAXES PURSUANT TO
	857	+	OR INCOME TAX YEARS COMMENCING ON OR AFTER14
	858	+	J
	859	+	ANUARY 1, 2024, EVERY TAXPAYER EXEMPT FROM TAXES PURSUANT TO15
	860	+	SECTION 39-22-112 THAT CLAIMS THE CREDIT ALLOWED IN THIS SECTION16
	861	+	SHALL FILE A RETURN PURSUANT TO SECTION 39-22-601 (7)(b).17
701	862		SECTION
702		-	39-22-112 THAT CLAIMS THE CREDIT ALLOWED IN THIS SECTION
703		-	SHALL FILE A RETURN PURSUANT TO SECTION
704		-	39-22-601 (7)(b).
705		-	SECTION 35. In Colorado Revised Statutes, 39-22-526, add (3.7)
706		-	as follows:
707		-	39-22-526. Credit for environmental remediation of
708		-	contaminated land - legislative declaration - definition - repeal.
	863	+	35. In Colorado Revised Statutes, 39-22-526, add18
	864	+	(3.7) as follows:19
	865	+	39-22-526. Credit for environmental remediation of20
	866	+	contaminated land - legislative declaration - definition - repeal.21
709	867		(3.7) F
710		-	OR INCOME TAX YEARS COMMENCING ON OR AFTER JANUARY 1, 2024,
711		-	PAGE 19-HOUSE BILL 24-1036 BUT PRIOR TO JANUARY 1, 2025, EVERY TAXPAYER EXEMPT FROM TAXES
712		-	PURSUANT TO SECTION
713		-	39-22-112 THAT CLAIMS THE CREDIT ALLOWED IN
714		-	THIS SECTION SHALL FILE A RETURN PURSUANT TO SECTION
715		-	39-22-601 (7)(b).
716		-	SECTION 36. In Colorado Revised Statutes, 39-26-721, amend (3)
717		-	as follows:
	868	+	OR INCOME TAX YEARS COMMENCING ON OR AFTER JANUARY 1,22
	869	+	2024,
	870	+	BUT PRIOR TO JANUARY 1, 2025, EVERY TAXPAYER EXEMPT FROM23
	871	+	TAXES PURSUANT TO SECTION 39-22-112 THAT CLAIMS THE CREDIT24
	872	+	ALLOWED IN THIS SECTION SHALL FILE A RETURN PURSUANT TO SECTION25
	873	+	39-22-601 (7)(b).26
	874	+	SECTION
	875	+	36. In Colorado Revised Statutes, 39-26-721, amend27
	876	+	1036
	877	+	-25- (3) as follows:1
718	878		39-26-721. Manufactured homes and tiny homes. (3) (a) P
719		-	RIOR
720		-	TO
721		-	JANUARY 1, 2025, the sale, storage, usage, or consumption of a
722		-	manufactured home, as defined in section 39-1-102 (7.8), or a tiny home,
723		-	as defined in section 24-32-3302 (35), is exempt from taxation under parts
724		-	1 and 2 of this article 26.
	879	+	RIOR2
	880	+	TO JANUARY 1, 2025, the sale, storage, usage, or consumption of a3
	881	+	manufactured home, as defined in section 39-1-102 (7.8), or a tiny home,4
	882	+	as defined in section 24-32-3302 (35), is exempt from taxation under5
	883	+	parts 1 and 2 of this article 26.6
725	884		(b) O
726		-	N AND AFTER JANUARY 1, 2025, THE SALE, STORAGE, USAGE, OR
727		-	CONSUMPTION OF A MANUFACTURED HOME
728		-	, AS DEFINED IN SECTION
729		-	39-1-102 (7.8), A MODULAR HOME, AS DEFINED IN SECTION 39-1-102 (8.3),
730		-	A TINY HOME, AS DEFINED IN SECTION 24-32-3302 (35), OR ANY CLOSED
731		-	PANEL SYSTEM UTILIZED IN CONSTRUCTION OF A FACTORY
732		-	-BUILT
733		-	RESIDENTIAL STRUCTURE
734		-	, AS DEFINED IN SECTION 24-32-3302 (10), IS
735		-	EXEMPT FROM TAXATION UNDER PARTS
736		-	1 AND 2 OF THIS ARTICLE 26.
737		-	SECTION 37. In Colorado Revised Statutes, 29-2-105, amend
738		-	(1)(d)(I)(P) as follows:
739		-	29-2-105. Contents of sales tax ordinances and proposals.
740		-	(1) The sales tax ordinance or proposal of any incorporated town, city, or
741		-	county adopted pursuant to this article 2 shall be imposed on the sale of
742		-	tangible personal property at retail or the furnishing of services, as provided
743		-	in subsection (1)(d) of this section. Any countywide or incorporated town
744		-	or city sales tax ordinance or proposal shall include the following
745		-	provisions:
746		-	(d) (I) A provision that the sale of tangible personal property and
747		-	services taxable pursuant to this article 2 is the same as the sale of tangible
748		-	personal property and services taxable pursuant to section 39-26-104,
749		-	except as otherwise provided in this subsection (1)(d). The sale of tangible
750		-	personal property and services taxable pursuant to this article 2 is subject
751		-	to the same sales tax exemptions as those specified in part 7 of article 26 of
752		-	title 39; except that the sale of the following may be exempted from a town,
753		-	city, or county sales tax only by the express inclusion of the exemption
754		-	PAGE 20-HOUSE BILL 24-1036 either at the time of adoption of the initial sales tax ordinance or resolution
755		-	or by amendment thereto:
	885	+	N AND AFTER JANUARY 1, 2025, THE SALE, STORAGE, USAGE,7
	886	+	OR CONSUMPTION OF A MANUFACTURED HOME , AS DEFINED IN SECTION8
	887	+	39-1-102
	888	+	(7.8), A MODULAR HOME, AS DEFINED IN SECTION 39-1-102 (8.3),9
	889	+	A TINY HOME, AS DEFINED IN SECTION 24-32-3302 (35), OR ANY CLOSED10
	890	+	PANEL SYSTEM UTILIZED IN CONSTRUCTION OF A FACTORY -BUILT11
	891	+	RESIDENTIAL STRUCTURE, AS DEFINED IN SECTION 24-32-3302 (10), IS12
	892	+	EXEMPT FROM TAXATION UNDER PARTS 1 AND 2 OF THIS ARTICLE 26.13
	893	+	SECTION 37. In Colorado Revised Statutes, 29-2-105, amend14
	894	+	(1)(d)(I)(P) as follows:15
	895	+	29-2-105. Contents of sales tax ordinances and proposals.16
	896	+	(1) The sales tax ordinance or proposal of any incorporated town, city,17
	897	+	or county adopted pursuant to this article 2 shall be imposed on the sale18
	898	+	of tangible personal property at retail or the furnishing of services, as19
	899	+	provided in subsection (1)(d) of this section. Any countywide or20
	900	+	incorporated town or city sales tax ordinance or proposal shall include the21
	901	+	following provisions:22
	902	+	(d) (I) A provision that the sale of tangible personal property and23
	903	+	services taxable pursuant to this article 2 is the same as the sale of24
	904	+	tangible personal property and services taxable pursuant to section25
	905	+	39-26-104, except as otherwise provided in this subsection (1)(d). The26
	906	+	sale of tangible personal property and services taxable pursuant to this27
	907	+	1036
	908	+	-26- article 2 is subject to the same sales tax exemptions as those specified in1
	909	+	part 7 of article 26 of title 39; except that the sale of the following may be2
	910	+	exempted from a town, city, or county sales tax only by the express3
	911	+	inclusion of the exemption either at the time of adoption of the initial4
	912	+	sales tax ordinance or resolution or by amendment thereto:5
756	913		(P) The exemption for manufactured homes,
757		-	MODULAR HOMES, and
758		-	tiny homes, AND ANY CLOSED PANEL SYSTEM UTILIZED IN CONSTRUCTION OF
759		-	A FACTORY
760		-	-BUILT RESIDENTIAL STRUCTURE set forth in section 39-26-721
761		-	(3);
762		-	SECTION 38. In Colorado Revised Statutes, 39-26-724, add (3) as
763		-	follows:
764		-	39-26-724. Components used to produce energy from a
	914	+	MODULAR HOMES,6
	915	+	and tiny homes, AND ANY CLOSED PANEL SYSTEM UTILIZED IN7
	916	+	CONSTRUCTION OF A FACTORY-BUILT RESIDENTIAL STRUCTURE set forth8
	917	+	in section 39-26-721 (3);9
	918	+	SECTION 38. In Colorado Revised Statutes, 39-26-724, add (3)10
	919	+	as follows:11
	920	+	39-26-724. Components used to produce energy from a12
765	921		renewable energy source - definitions. (3) T
766		-	HE PURPOSE OF THE
767		-	EXEMPTION AUTHORIZED IN THIS SECTION IS TO CREATE ADDITIONAL
768		-	INCENTIVES FOR DEVELOPING RENEWABLE ENERGY PROJECTS NOT ALREADY
769		-	CREATED BY OTHER STATE OR FEDERAL LAW
770		-	.
771		-	SECTION 39. In Colorado Revised Statutes, 39-30-111, repeal (2),
772		-	(3), and (4) as follows:
773		-	39-30-111. Department of revenue - enterprise zone data -
774		-	electronic filing - submission of carryforward schedule. (2) For the 2012
775		-	income tax year and each income tax year thereafter, any taxpayer that
776		-	claims one or more income tax credits pursuant to this article shall submit
777		-	to the department of revenue, along with the taxpayer's state income tax
778		-	return, a full carryforward schedule for each income tax credit claimed
779		-	pursuant to this article.
780		-	(3) For the 2012 income tax year and each income tax year
781		-	thereafter, the department of revenue shall aggregate and report data on all
782		-	of the income tax credits that are claimed pursuant to this article for each
783		-	income tax year. The department shall categorize such aggregated data by
784		-	the date that the income tax credit was certified by an enterprise zone
785		-	administrator, the specific income tax credit allowed pursuant to this article
786		-	that each taxpayer was authorized to claim, and the total amount of the
787		-	income tax credits claimed for each income tax credit allowed pursuant to
788		-	this article.
789		-	(4) The department of revenue shall submit the data collected
790		-	pursuant to subsection (2) of this section and aggregated pursuant to
791		-	PAGE 21-HOUSE BILL 24-1036 subsection (3) of this section to the Colorado office of economic
792		-	development on August 1, 2013, and on August 1 each year thereafter.
793		-	SECTION 40. In Colorado Revised Statutes, 39-21-113, amend
794		-	(22) as follows:
795		-	39-21-113. Reports and returns - rule - repeal.
796		-	(22) Notwithstanding the provisions of this section, the executive director
797		-	shall supply the Colorado office of economic development with information
798		-	relating to the actual amount of any enterprise zone tax credit claimed
799		-	pursuant to article 30 of this title or any CHIPS zone tax credit claimed
800		-	pursuant to article 36 of this title as well as information submitted to and
801		-	aggregated by the department pursuant to section 39-30-111 (2) and (3) and
802		-	section 39-36-106 (1) and (3) regarding such income tax credits. Any information provided to the office pursuant to this subsection (22) shall remain confidential, and all office employees shall be subject to the limitations set forth in subsection (4) of this section and the penalties contained in subsection (6) of this section. Nothing in this subsection (22) shall prevent the office from making aggregated data regarding enterprise zone and CHIPS zone tax credits available.
803		-	SECTION 41. In Colorado Revised Statutes, 39-22-509, amend
804		-	(3)(a) and (6) as follows:
805		-	39-22-509. Credit against tax - employer expenditures for
806		-	alternative transportation options for employees - legislative
807		-	declaration - definitions - repeal. (3) (a) For income tax years beginning
808		-	on or after January 1, 2023, but before January 1, 2025
809		-	JANUARY 1, 2027,
810		-	there is allowed a credit to each employer in an amount equal to fifty
811		-	percent of the amount spent by the employer to provide alternative
812		-	transportation options to its employees, subject to the limitations that the
813		-	maximum amount spent in any income tax year for which an employer may
814		-	claim a credit is two hundred fifty thousand dollars and that the maximum
815		-	amount spent in any income tax year for any one employee for which an
816		-	employer may claim a credit is two thousand dollars.
817		-	(6) This section is repealed, effective January 1, 2029
818		-	JANUARY 1,
	922	+	HE PURPOSE OF THE13
	923	+	EXEMPTION AUTHORIZED IN THIS SECTION IS TO CREATE ADDITIONAL14
	924	+	INCENTIVES FOR DEVELOPING RENEWABLE ENERGY PROJECTS NOT15
	925	+	ALREADY CREATED BY OTHER STATE OR FEDERAL LAW .16
	926	+	SECTION
	927	+	39. In Colorado Revised Statutes, 39-30-111, repeal17
	928	+	(2), (3), and (4) as follows:18
	929	+	39-30-111. Department of revenue - enterprise zone data -19
	930	+	electronic filing - submission of carryforward schedule. (2) For the20
	931	+	2012 income tax year and each income tax year thereafter, any taxpayer21
	932	+	that claims one or more income tax credits pursuant to this article shall22
	933	+	submit to the department of revenue, along with the taxpayer's state23
	934	+	income tax return, a full carryforward schedule for each income tax credit24
	935	+	claimed pursuant to this article.25
	936	+	(3) For the 2012 income tax year and each income tax year26
	937	+	thereafter, the department of revenue shall aggregate and report data on27
	938	+	1036
	939	+	-27- all of the income tax credits that are claimed pursuant to this article for1
	940	+	each income tax year. The department shall categorize such aggregated2
	941	+	data by the date that the income tax credit was certified by an enterprise3
	942	+	zone administrator, the specific income tax credit allowed pursuant to this4
	943	+	article that each taxpayer was authorized to claim, and the total amount5
	944	+	of the income tax credits claimed for each income tax credit allowed6
	945	+	pursuant to this article.7
	946	+	(4) The department of revenue shall submit the data collected8
	947	+	pursuant to subsection (2) of this section and aggregated pursuant to9
	948	+	subsection (3) of this section to the Colorado office of economic10
	949	+	development on August 1, 2013, and on August 1 each year thereafter.11
	950	+	SECTION 40. In Colorado Revised Statutes, 39-21-113, amend12
	951	+	(22) as follows:13
	952	+	39-21-113. Reports and returns - rule - repeal.14
	953	+	(22) Notwithstanding the provisions of this section, the executive15
	954	+	director shall supply the Colorado office of economic development with16
	955	+	information relating to the actual amount of any enterprise zone tax credit17
	956	+	claimed pursuant to article 30 of this title or any CHIPS zone tax credit18
	957	+	claimed pursuant to article 36 of this title as well as information19
	958	+	submitted to and aggregated by the department pursuant to section20
	959	+	39-30-111 (2) and (3) and section 39-36-106 (1) and (3) regarding such21
	960	+	income tax credits. Any information provided to the office pursuant to22
	961	+	this subsection (22) shall remain confidential, and all office employees23
	962	+	shall be subject to the limitations set forth in subsection (4) of this section24
	963	+	and the penalties contained in subsection (6) of this section. Nothing in25
	964	+	this subsection (22) shall prevent the office from making aggregated data26
	965	+	regarding enterprise zone and CHIPS zone tax credits available.27
	966	+	1036
	967	+	-28- SECTION 41. In Colorado Revised Statutes, 39-22-509, amend1
	968	+	(3)(a) and (6) as follows:2
	969	+	39-22-509. Credit against tax - employer expenditures for3
	970	+	alternative transportation options for employees - legislative4
	971	+	declaration - definitions - repeal. (3) (a) For income tax years5
	972	+	beginning on or after January 1, 2023, but before January 1, 20256
	973	+	J
	974	+	ANUARY 1, 2027, there is allowed a credit to each employer in an amount
	975	+	7
	976	+	equal to fifty percent of the amount spent by the employer to provide8
	977	+	alternative transportation options to its employees, subject to the9
	978	+	limitations that the maximum amount spent in any income tax year for10
	979	+	which an employer may claim a credit is two hundred fifty thousand11
	980	+	dollars and that the maximum amount spent in any income tax year for12
	981	+	any one employee for which an employer may claim a credit is two13
	982	+	thousand dollars.14
	983	+	(6) This section is repealed, effective January 1, 2029 JANUARY15
	984	+	1,
819	985		2031.
820		-	SECTION 42. Act subject to petition - effective date. This act
821		-	PAGE 22-HOUSE BILL 24-1036 takes effect at 12:01 a.m. on the day following the expiration of the
822		-	ninety-day period after final adjournment of the general assembly; except
823		-	that, if a referendum petition is filed pursuant to section 1 (3) of article V
824		-	of the state constitution against this act or an item, section, or part of this act
825		-	within such period, then the act, item, section, or part will not take effect
826		-	unless approved by the people at the general election to be held in
827		-	November 2024 and, in such case, will take effect on the date of the official
828		-	declaration of the vote thereon by the governor.
829		-	____________________________ ____________________________
830		-	Julie McCluskie Steve Fenberg
831		-	SPEAKER OF THE HOUSE PRESIDENT OF
832		-	OF REPRESENTATIVES THE SENATE
833		-	____________________________ ____________________________
834		-	Robin Jones Cindi L. Markwell
835		-	CHIEF CLERK OF THE HOUSE SECRETARY OF
836		-	OF REPRESENTATIVES THE SENATE
837		-	APPROVED________________________________________
838		-	(Date and Time)
839		-	_________________________________________
840		-	Jared S. Polis
841		-	GOVERNOR OF THE STATE OF COLORADO
842		-	PAGE 23-HOUSE BILL 24-1036
	986	+	16
	987	+	SECTION 42. Act subject to petition - effective date. This act17
	988	+	takes effect at 12:01 a.m. on the day following the expiration of the18
	989	+	ninety-day period after final adjournment of the general assembly; except19
	990	+	that, if a referendum petition is filed pursuant to section 1 (3) of article V20
	991	+	of the state constitution against this act or an item, section, or part of this21
	992	+	act within such period, then the act, item, section, or part will not take22
	993	+	effect unless approved by the people at the general election to be held in23
	994	+	November 2024 and, in such case, will take effect on the date of the24
	995	+	official declaration of the vote thereon by the governor.25
	996	+	1036
	997	+	-29-