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Legislative Year: 2024 Change
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JUN3

THIRDREADING OF BILLS - FINAL PASSAGE (CONTINUED)
Senate Chamber
Time: 9:00 AM

HB21-1312 by Representative(s) Weissman and Sirota; also Senator(s) Hansen and Moreno--Concerning
taxation, and, in connection therewith, narrowing the scope of the home office insurance
premium tax rate reduction and the annuities consideration exemption for the insurance
premium tax; for purposes of the property tax, requiring the actual value of real property to
reflect the value of the fee simple estate and requiring personal property to be based on the
property's value in use; increasing the per-schedule exemption for business personal property
tax and reimbursing local governments for the lost tax revenue; for purposes of the sales and
use tax, codifying that the definition of tangible personal property includes digital goods and
specifying that the tax on sales and purchases of tangible personal property includes amounts
charged for mainframe computer access, photocopying, and packing and crating; disallowing
the sales tax vendor fee for retailers with a substantial amount of taxable sales during the filing
period; for the severance tax on oil and gas, requiring the net-back deductions used to determine
gross income be direct costs actually paid by the taxpayer; phasing-out tax credits and
exemptions for the severance tax on coal; and making an appropriation.
(Amended in Special Orders as printed in Senate Journal, June 2, 2021.)
HB21-1311 by Representative(s) Sirota and Weissman; also Senator(s) Hansen and Moreno--Concerning
income tax, and, in connection therewith, requiring additions to Colorado taxable income in
amounts related to limiting certain federal itemized deductions, extending the limit on the
federal deduction allowed under section 199A of the internal revenue code, limiting the
deduction for contributions made to 529 plans, disallowing an enhanced federal deduction for
food and beverage expenses at restaurants, and limiting the capital gains subtraction; allowing a
subtraction from Colorado taxable income in amounts related to repealing the cap on the
deduction for certain social security income; reducing state income tax revenue by increasing
the earned income tax credit, funding the child tax credit, and allowing a temporary income tax
credit for a business equal to a percentage of the conversion costs to convert the business to a
worker-owned coop, an employee stock ownership plan, or an employee ownership trust;
increasing state income tax revenue by modifying the computation of the corporate income tax
receipts factor to make it more congruent with combined reporting; preventing corporations
from using tax shelters in foreign jurisdictions for the purpose of tax avoidance; clarifying
that certain captive insurance companies are not exempt from income tax; and making an
appropriation.
(Amended in Special Orders as printed in Senate Journal, June 2, 2021.)

HB21-1301 by Representative(s) Esgar and Holtorf; also Senator(s) Coram and Moreno--Concerning the
removal of impediments to cannabis farming, and, in connection therewith, permitting
contingency plans to reduce crop loss based on adverse weather and convening a working group
to examine measures to reduce cross-pollination, and making an appropriation.
(Amended in Special Orders as printed in Senate Journal, June 2, 2021.)
HB21-1262 by Representative(s) Lontine and Lynch; also Senator(s) Garcia and Sonnenberg--Concerning
monetary support for agricultural events in Colorado, and, in connection therewith, making an
appropriation.
(Amended in Special Orders as printed in Senate Journal, June 2, 2021.)
HB21-1317 by Representative(s) Garnett and Caraveo; also Senator(s) Hansen and Lundeen--Concerning
the regulation of marijuana for safe consumption, and, in connection therewith, making an
appropriation.
(Amended in Special Orders as printed in Senate Journal, June 2, 2021.)
HB21-1307 by Representative(s) Roberts; also Senator(s) Donovan and Jaquez Lewis--Concerning
measures to increase access to prescription insulin for persons with diabetes.
(Amended in General Orders as printed in Senate Journal, June 2, 2021.)

Bills being heard:
    HB21-1262 Money Support Agricultural Events Organization
    HB21-1301 Cannabis Outdoor Cultivation Measures
    HB21-1307 Prescription Insulin Pricing And Access
    HB21-1311 Income Tax
    HB21-1312 Insurance Premium Property Sales Severance Tax
    HB21-1317 Regulating Marijuana Concentrates
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