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HB 22-1025 CO
Became Law

Repeal Of Infrequently Used Tax Expenditures

CO · session 2022A · Assembly / House · bill

A state bill is a proposed law in a state legislature — separate from the U.S. Congress. Learn more →

Introduced Jan 12, 2022

Latest action (May 2, 2022) Introduced In House - Assigned to Finance

Summary

The act repeals the following tax expenditures: The exemption from the insurance premium tax for educational and scientific institution life insurance; The alternative minimum income tax based on annual gross receipts from sales in or into the state; The income tax credit for investment in technologies for recycling plastics; The income tax credit for crop or livestock contributions to a charitable organization; The income tax deduction for income or gain for a C corporation that was taxed prior to 1965, to the extent it is included in current taxable income; Income tax credits for qualifying investments; and The sales and use tax exemption for the transfer of complimentary promotional materials to an out-of-state vendee. The act also repeals the requirement that a specific amount of a state-employed chaplain's salary must be designated as a rental allowance, thereby making it exempt from federal income tax. (Note: This summary applies to this bill as enacted.)

Sponsors (2)

Action history (15)

  1. May 2, 2022 Governor Signed · executive
  2. Apr 29, 2022 Sent to the Governor · executive
  3. Apr 29, 2022 Signed by the President of the Senate · upper
  4. Apr 28, 2022 Signed by the Speaker of the House · lower
  5. Apr 13, 2022 Senate Third Reading Passed - No Amendments · upper
  6. Apr 12, 2022 Senate Second Reading Passed - No Amendments · upper
  7. Apr 8, 2022 Senate Committee on Appropriations Refer Unamended to Senate Committee of the Whole · upper
  8. Mar 30, 2022 Senate Committee on Finance Refer Unamended to Appropriations · upper
  9. Mar 18, 2022 Introduced In Senate - Assigned to Finance · upper
  10. Mar 16, 2022 House Third Reading Passed - No Amendments · lower
  11. Mar 15, 2022 House Second Reading Passed with Amendments - Committee · lower
  12. Mar 14, 2022 House Second Reading Laid Over Daily - No Amendments · lower
  13. Mar 11, 2022 House Committee on Appropriations Refer Amended to House Committee of the Whole · lower
  14. Feb 7, 2022 House Committee on Finance Refer Amended to Appropriations · lower
  15. Jan 12, 2022 Introduced In House - Assigned to Finance · lower

Text versions (10)

The published texts of this bill as it moves through the legislature. Each links to the official document on the state legislature site. Data from OpenStates.

  • Signed Act (05/02/2022) · PDF
  • Final Act (04/29/2022) · PDF
  • Rerevised (04/13/2022) · PDF
  • Revised (04/12/2022) · PDF
  • Reengrossed (03/16/2022) · PDF
  • Engrossed (03/15/2022) · PDF
  • Introduced (01/12/2022) · PDF
  • PA2 (03/11/2022) · PDF
  • PA1 (02/08/2022) · PDF
  • Committee Amendment · PDF

Full text

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