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Bill Detail: HB20-1202

 

Title Previous Taxed Income Gain Deduction C Corporation
Status Introduced In Senate - Assigned to Business, Labor, & Technology (03/05/2020)
Bill Subjects
  • Fiscal Policy & Taxes
House Sponsors D. Valdez (D)
A. Valdez (D)
Senate Sponsors D. Moreno (D)
House Committee Business Affairs and Labor
Senate Committee Business, Labor and Technology
Date Introduced 01/30/2020
Description

Statutory Revision Committee. Under current law, the income
tax deduction for previously taxed income or gain for C corporations
allows C corporations, when calculating their Colorado taxable income,
to deduct from their federal taxable income any income or gain that was
taxed by Colorado prior to 1965, to the extent that such income or gain is
included in their current federal taxable income. The bill repeals this

income tax deduction.

Committee Reports
with Amendments
Full Text
Full Text of Bill (pdf) (most recent)
Fiscal Notes Fiscal Notes (02/19/2020) (most recent)  
Additional Bill Documents Bill Documents
Including:
  • Past bill versions
  • Past fiscal notes
  • Committee activity and documents
  • Bill History
 
Lobbyists (no lobbyist data)
Audio  
Votes House and Senate Votes
Vote Totals Vote Totals by Party
 
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