HB 23-1121 CO

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Became Law

The act repeals the following infrequently used tax expenditures: The crop hail insurance premium tax exemption (section 1 of the act); The in-state investment pre-1959 insurance premium tax deduction (section 1); The corporate condemnation capital gains income tax deduction (section 2); The oil shale excess percentage depletion income tax deduction (section 2); The mining and milling impact assistance corporate income tax credit (section 3); The oil shale equipment and machinery severance tax deduction (section 4); The oil shale processing severance tax deduction (section 4); The oil shale severance tax rate reductions (section 4); The oil shale noncommercial production severance tax exemption (section 4); and The mineral and mineral fuels impact assistance severance tax credit (section 5). APPROVED by Governor March 23, 2023 EFFECTIVE August 7, 2023 NOTE: This act was passed without a safety clause and takes effect 90 days after sine die. (Note: This summary applies to this bill as enacted.)

• Shannon Bird · primary
• Chris Hansen · primary
• Larry Liston Republican · primary

1. Mar 23, 2023 Governor Signed · executive
2. Mar 16, 2023 Sent to the Governor · executive
3. Mar 16, 2023 Signed by the President of the Senate · upper
4. Mar 15, 2023 Signed by the Speaker of the House · lower
5. Mar 10, 2023 Senate Third Reading Passed - No Amendments · upper
6. Mar 9, 2023 Senate Second Reading Passed - No Amendments · upper
7. Mar 7, 2023 Senate Committee on Finance Refer Unamended to Senate Committee of the Whole · upper
8. Feb 15, 2023 Introduced In Senate - Assigned to Finance · upper
9. Feb 13, 2023 House Third Reading Passed - No Amendments · lower
10. Feb 10, 2023 House Second Reading Special Order - Passed - No Amendments · lower
11. Feb 9, 2023 House Committee on Finance Refer Unamended to House Committee of the Whole · lower
12. Jan 27, 2023 Introduced In House - Assigned to Finance · lower