C.R.S. Section 39-22-542
Tax credit for conversion costs for employee business ownership

  • definitions
  • declaration
  • repeal

(1)

Legislative declaration.

(a)

The general assembly hereby finds and declares that:

(I)

The purpose of this section is to provide an incentive for small businesses to establish employee stock ownership plans or employee ownership trusts, or to convert to a worker-owned cooperative;

(II)

An employee stock ownership plan allows companies to share ownership with employees without requiring employees to invest their own money;

(III)

This section encourages small business owners to sell, through three different options, their businesses to the very employees that contributed to their success; and

(IV)

This section will help to ensure that local businesses are not sold to out-of-state buyers, which is often detrimental to the fabric of local communities.

(b)

It is the general assembly’s intent that the Colorado office of economic development provide relevant and ascertainable metrics and collect any necessary data to allow the state auditor to measure the effectiveness of the tax credit in this section in achieving the purpose set forth in subsection (1)(a) of this section.

(2)

Definitions.
As used in this section, unless the context otherwise requires:

(a)

Intentionally left blank —Ed.

(I)

“Alternate equity structure” means a mechanism under which an employer grants to employees a form of employee ownership, including but not limited to an employee stock purchase plan, LLC membership, phantom stock, profit interest, restricted stock, stock appreciation right, stock option, or synthetic equity. An alternate equity structure must at a minimum:

(A)

Grant rights to or be offered to at least twenty percent of an employer’s eligible workers, or grant rights to or be offered to at least twenty percent of eligible workers of an employer that is owned by or operated for the benefit of eligible workers in a broad-based employee ownership transition. For purposes of this subsection (2)(a)(I), “eligible workers” means all full-time employees, regular employees, non-seasonal employees, non-managerial employees, and contract labor.

(B)

Have the participation of at least twenty percent of an employer’s eligible workers;

(C)

Allocate at least twenty percent of the fully diluted securities or rights to a synthetic interest in securities to participating eligible workers, or allocate twenty percent of net profit from operations to participating eligible workers; and

(D)

Grant to participating eligible workers informational rights, decision-making rights, and non-financial rights that are equal to or greater than the rights that are granted to holders of the employer’s common stock or holders of the employer’s residual membership interest.

(II)

The office shall develop guidelines that clarify the types of employee ownership grants that qualify as an alternate equity structure. The office may periodically update any guidelines issued pursuant to this subsection (2)(a)(II).

(b)

“Colorado office of economic development” or “office” means the Colorado office of economic development created in section 24-48.5-101.

(c)

“Conversion costs” means professional services, including accounting, legal, and business advisory services, as detailed in the guidelines issued by the office, for the transition of a business to employee ownership trust, an employee stock ownership plan, or a worker-owned cooperative. “Conversion costs” include costs to audit the cost certification as required in subsection (7)(b) of this section.

(d)

“Department” means the Colorado department of revenue.

(e)

“Employee ownership trust” means an indirect form of employee ownership in which a trust holds a controlling stake in a qualified business and benefits all employees on an equal basis.

(f)

“Employee stock ownership plan” has the same meaning as set forth in section 4975 (e)(7) of the internal revenue code, as amended.

(g)

“Expansion costs” means professional services, including accounting, legal, and business advisory services, as detailed in the guidelines issued by the office, for the expansion of a qualified employee-owned business’s employee ownership trust, employee stock ownership plan, worker-owned cooperative, or alternate equity structure. Expansion costs include costs to audit the cost certification as required in subsection (7)(b) of this section.

(h)

“Owner” means the owner of a qualified business before a conversion occurs.

(i)

“Qualified business” means a taxpayer subject to tax under this article 22, including but not limited to a C corporation, S corporation, limited liability company, partnership, limited liability partnership, a sole proprietorship, or other similar pass-through entity, that is not owned in whole or in part by an employee ownership trust, that does not have an employee stock ownership plan, that is not, in whole or in part, a worker-owned cooperative, or does not have an alternate equity structure, and that is approved by the office for the tax incentives in this section.

(j)

“Qualified employee-owned business” means a taxpayer that is subject to tax under this article 22, including but not limited to a C corporation, S corporation, limited liability company, partnership, limited liability partnership, sole proprietorship, or other similar pass-through entity, that:

(I)

Is owned in whole or in part by an employee ownership trust;

(II)

Has its corporate headquarters located in this state. For purposes of this subsection (2)(j), “corporate headquarters” means the sole location within a regional or national area where the taxpayer’s staff members or employees are domiciled and employed, and where the majority of the taxpayer’s financial, personnel, legal, planning, or other business functions are conducted on a regional or national basis.

(III)

Has an employee stock ownership plan, is in whole or in part a worker-owned cooperative, or has an alternate equity structure; and

(IV)

Is approved by the office for the tax incentives in this section.

(k)

“Securities” has the same meaning as the term “security” set forth in 15 U.S.C. sec. 77b (a)(1).

(l)

“Worker-owned cooperative” has the same meaning as set forth in section 1042 (c)(2) of the internal revenue code, as amended.

(3)

Intentionally left blank —Ed.

(a)

Subject to certification by the office pursuant to this section, for income tax years commencing on or after January 1, 2022, but prior to January 1, 2027, a qualified business is allowed a credit with respect to the income taxes imposed pursuant to this article 22 as follows:

(I)

Up to fifty percent of the conversion costs, not to exceed forty thousand dollars, incurred by a qualified business for converting the qualified business to a worker-owned cooperative or an employee ownership trust;

(II)

Up to fifty percent of the conversion costs, not to exceed one hundred fifty thousand dollars, incurred by a qualified business for converting the qualified business to an employee stock ownership plan; or

(III)

Up to fifty percent of the conversion costs, not to exceed twenty-five thousand dollars, incurred by a qualified business for converting the qualified business to an alternate equity structure.

(a.5)

Intentionally left blank —Ed.

(I)

Subject to certification by the office pursuant to this section, for the income tax years commencing on or after January 1, 2024, but prior to January 1, 2027, a qualified employee-owned business is allowed a credit with respect to the income taxes imposed pursuant to this article 22 of up to fifty percent of the expansion costs, not to exceed twenty-five thousand dollars, incurred to expand a qualified employee-owned business’s employee ownership trust, employee stock ownership plan, worker-owned cooperative, or alternate equity structure.

(II)

To be eligible for the credit allowed pursuant to this subsection (3), a qualified employee-owned business must expand its employee ownership trust, employee stock ownership plan, worker-owned cooperative, or alternate equity structure by an increment of at least twenty percent of the total ownership of the entire qualified employee-owned business.

(b)

Intentionally left blank —Ed.

(I)

In the case of a qualified business or qualified employee-owned business that is a C corporation, the credit is allowed to the qualified business or the qualified employee-owned business.

(II)

In the case of a qualified business or qualified employee-owned business that is a partnership or an S corporation, the credit is allowed to the owner of the business.

(c)

The maximum amount of all tax credit certificates that the office may reserve under subsection (6)(a) of this section in any tax year is ten million dollars.

(d)

A qualified business or qualified employee-owned business may apply for and claim only one tax credit for the conversion or expansion costs incurred per tax year.

(4)

A business shall submit an application to the office for the issuance of a credit certificate for the credit allowed in this section by the deadlines established in the office’s guidelines. The application must include information, as set forth in the office’s guidelines, regarding the type of conversion or expansion the business intends to undertake, a list of the expected conversion or expansion costs, and an estimated amount, as calculated by the business, of the expected conversion or expansion costs.

(5)

Intentionally left blank —Ed.

(a)

The office shall develop guidelines for the administration of this section, including, but not limited to:

(I)

Application requirements, including a list of the data the office needs to meet the requirements in subsections (11) and (12) of this section;

(II)

Guidelines regarding the issuing of credit certificates;

(III)

Detailed guidelines regarding conversion costs;

(IV)

Guidelines and standards for certifying a business as a qualified business;

(V)

Detailed guidelines regarding expansion costs; and

(VI)

Guidelines and standards for certifying a business as a qualified employee-owned business.

(b)

Before the office begins to provide reservations of tax credits under subsection (6) of this section, the office shall provide the finance committees of the house of representatives and the senate, or any successor committees, with a written report setting forth the clear, relevant, and ascertainable metrics and data requirements that the office will track under subsection (12) of this section in order to allow the general assembly and the state auditor to measure the effectiveness of the tax expenditure allowed in this section in achieving the purpose set forth in subsection (1)(a) of this section.
(6)(a)(I) After the office provides the written report required in subsection (5)(b) of this section, a reservation of tax credits is permitted for the tax credit allowed in this section. If the office determines that the application filed under subsection (4) of this section is complete, the office shall determine whether the business is a qualified business or a qualified employee-owned business, review the list of the expected conversion or expansion costs, and review the estimated conversion or expansion costs as calculated by the business. If the office approves the business as a qualified business or a qualified employee-owned business, the list of expected conversion or expansion costs, and the estimated conversion or expansion costs, the office may reserve for the benefit of the qualified business, the qualified employee-owned business, or the owner of the business an allocation of a tax credit subject to the limitation specified in subsection (3)(b) of this section. The office shall notify the qualified business or the qualified employee-owned business in writing of the amount of the reservation. The reservation of a tax credit does not entitle the qualified business, the qualified employee-owned business, or the owner of the business to an issuance of a tax credit certificate until the qualified business or qualified employee-owned business complies with all of the other requirements specified in this section for the issuance of the tax credit certificate.

(II)

A business may apply for a staged conversion or staged expansion. If the office receives an application for a staged conversion or staged expansion, and the office determines the requirements set forth in subsection (6)(a)(I) of this section have been met, the office shall reserve tax credits for all stages of the qualified business’s conversion or the qualified employee-owned business’s expansion in the year the application is filed. The office may certify the staged conversion costs or staged expansion costs and issue tax credit certificates under subsection (7)(b)(II) of this section when the costs are incurred.

(b)

(I) The office must reserve tax credits in the order in which it receives completed applications that comply with the requirements of this section and the guidelines developed by the office. The office shall provide written notice of any reservation of tax credits authorized by this subsection (6) or disapprove the application within a reasonable time, not to exceed ninety days after the filing of a completed application.

(II)

The office shall stamp each completed application with the date and time the application was received and shall review the application on the basis of the order in which it was submitted by date and time.

(III)

Any application disapproved by the office will be removed from the review process, and the office shall notify the business in writing of the decision to remove its application from the review process. Disapproved applications lose their priority in the review process. A business may resubmit a disapproved application, but such resubmitted application is deemed to be a new submission for purposes of the priority procedures described in this subsection (6)(b).

(c)

If, for any calendar year, the total amount of reservations for tax credits the office has approved is equal to the total amount of tax credits available for reservation during that calendar year, the office shall notify all businesses who have submitted applications then awaiting approval that no additional approvals of applications for reservations of tax credits will be granted during that calendar year. The office shall additionally notify each business of the priority number given to the business’s application then awaiting approval. The applications will remain in priority status for two years from the date of the original application and will be considered for reservations of tax credits in the priority order established in this subsection (6) in the event that additional credits become available resulting from the rescission of approvals under subsection (7)(a) of this section or because a new allocation of tax credits for a calendar year becomes available.

(7)

Intentionally left blank —Ed.

(a)

Any qualified business or qualified employee-owned business with respect to which the office has made a reservation of tax credits under subsection (6) of this section shall incur not less than twenty percent of the estimated conversion or expansion costs not later than eighteen months after the date of the written notice from the office to the qualified business or qualified employee-owned business granting the reservation of tax credits. The qualified business or qualified employee-owned business shall submit evidence of compliance with the provisions of this subsection (7)(a). If the office determines that a qualified business or qualified employee-owned business has failed to comply with the requirements of this subsection (7)(a), the office may rescind the written notice it previously gave the business or the owner approving the reservation of tax credits and, if so, the total amount of tax credits made available for the calendar year for which reservations may be granted must be increased by the amount of the tax credits rescinded. The office shall promptly notify any qualified business, any qualified employee-owned business, or the owner of the business whose reservation of tax credits has been rescinded and, upon receipt of the notice, the qualified business or qualified employee-owned business may submit a new application.

(b)

Intentionally left blank —Ed.

(I)

Following the completion of the conversion or expansion, the qualified business or the qualified employee-owned business shall notify the office that the conversion or expansion has been completed and shall provide the office with a cost certification of the estimated conversion or expansion costs. The cost certification must be audited by a licensed certified public accountant that is not affiliated with the qualified business or the qualified employee-owned business. The office shall review the cost certification, and within ninety days after receipt of the cost certification, the office shall certify the conversion or expansion costs and issue a tax credit certificate in the amounts allowed in subsection (3) of this section. The office shall promptly notify the qualified business or the qualified employee-owned business of any disallowed conversion or expansion costs.

(II)

If a conversion or expansion is a staged conversion or staged expansion as set forth in subsection (6)(a)(II) of this section, and the qualified business or the qualified employee-owned business meets the requirements in this subsection (7), the office shall issue pro rata tax credit certificates to the qualified business, qualified employee-owned business, or owner of the business based on the percent of the conversion or expansion completed during each tax year.

(c)

Notwithstanding subsection (7)(b) of this section, the total amount of the tax credit certificate issued to a qualified business, a qualified employee-owned business, or the owner of the business shall not exceed the amount of the tax credit reservation under subsection (6)(a) of this section.

(d)

If the amount of certified costs incurred by the qualified business or the qualified employee-owned business would result in the qualified business, qualified employee-owned business, or owner of the business being issued an amount of tax credits that exceeds the amount of tax credits reserved for the business under subsection (6)(a) of this section, the qualified business or the qualified employee-owned business may apply to the office for the issuance of an amount of tax credits that equals the excess. The qualified business or the qualified employee-owned business must submit its application for issuance of such excess tax credits on a form prescribed by the office. Unless the office is concerned that the application it received under this subsection (7)(d) is fraudulent, the office shall automatically approve the application, which it shall issue by means of a separate certificate, subject only to the availability of tax credits and the provisions concerning priority provided in subsection (6)(a) of this section.

(8)

If the credit allowed under this section exceeds the income taxes due on the income of the qualified business, qualified employee-owned business, or owner of the business, the amount of the credit not used to offset income taxes must be refunded to the qualified business, qualified employee-owned business, or owner of the business.

(9)

Any tax credits issued under this section to a partnership or an S corporation must be passed through to the partners, members, or owners, including any nonprofit entity that is a partner, member, or owner, respectively, on a pro rata basis according to their ownership percentage.

(10)

To claim the income tax credit allowed in this section, the qualified business, qualified employee-owned business, or owner of the business shall attach a copy of the credit certificate to its state income tax return. No tax credit is allowed under this section unless the qualified business, qualified employee-owned business, or owner of the business provides the copy of the credit certificate with its filed state income tax return. The amount of the credit that the qualified business or the qualified employee-owned business may claim under this section is the amount stated on the tax credit certificate.

(11)

The office shall, in a sufficiently timely manner to allow the department to process returns claiming the income tax credit allowed in this section, provide the department with an electronic report of each qualified business, qualified employee-owned business, and owner of a business that the office approved for the income tax credit allowed in this section for the preceding calendar year that includes the following information:

(a)

The taxpayer’s name; and

(b)

The taxpayer’s social security number or the taxpayer’s Colorado account number and federal employer identification number.

(12)

The office shall maintain a database of any information necessary to evaluate the effectiveness of the tax credit allowed in this section in meeting the purposes set forth in subsection (1)(a) of this section, and shall provide such information, and any other information that may be needed, to the state auditor as part of the state auditor’s evaluation of tax expenditures under section 39-21-305.

(13)

The office shall conduct statewide outreach efforts, within existing resources, to minority owned businesses, as defined in section 24-48.5-127 (2)(g), about the availability of the tax credit allowed in this section.

(14)

This section is repealed, effective December 31, 2033.

Source: Section 39-22-542 — Tax credit for conversion costs for employee business ownership - definitions - declaration - repeal, https://leg.­colorado.­gov/sites/default/files/images/olls/crs2023-title-39.­pdf (accessed Oct. 20, 2023).

39‑22‑101
Short title
39‑22‑102
Legislative declaration
39‑22‑103
Definitions - construction of terms
39‑22‑104
Income tax imposed on individuals, estates, and trusts - single rate - report - legislative declaration - definitions - repeal
39‑22‑104.5
Pretax payments - catastrophic health insurance
39‑22‑104.6
Pretax payments - medical savings accounts
39‑22‑105
Alternative minimum tax
39‑22‑106
Colorado personal exemptions of a resident individual
39‑22‑107
Income tax filing status
39‑22‑107.5
Income tax filing status - innocent spouse relief
39‑22‑108
Credit for tax paid other states
39‑22‑108.5
Dual resident trusts - income tax calculation
39‑22‑109
Income of a nonresident individual for purposes of Colorado income tax
39‑22‑110
Apportionment of tax in the case of a part-year resident
39‑22‑110.5
Reacquisition of residency during active duty military service
39‑22‑111
Accounting periods and methods
39‑22‑112
Persons and organizations exempt from tax under this article
39‑22‑114.5
Tax credit for investment in technologies for recycling plastics - repeal
39‑22‑116
Tax tables for individuals
39‑22‑119
Expenses related to child care - credits against state tax
39‑22‑119.5
Child care expenses tax credit - legislative declaration - definitions
39‑22‑120
Legislative declaration - state sales tax refund - offset against state income tax
39‑22‑121
Credit for child care facilities - legislative declaration - definitions - repeal
39‑22‑122
Long-term care insurance credit
39‑22‑123
Earned income tax credit - refund of state excess revenues for fiscal years commencing on or after July 1, 1998
39‑22‑123.5
Earned income tax credit - not a refund of excess state revenues - trigger - legislative declaration - repeal
39‑22‑129
Child tax credit - legislative declaration - definitions - repeal
39‑22‑201
Partners, not partnership, subject to tax
39‑22‑202
Resident partners - definition
39‑22‑203
Nonresident partners
39‑22‑204
Accounting periods and methods
39‑22‑206
Foreign source income of export taxpayers
39‑22‑300.1
Short title - citation
39‑22‑301
Corporate tax imposed - repeal
39‑22‑302
S corporations
39‑22‑303
Dividends in a combined report - foreign source income - affiliated groups - definitions
39‑22‑303.1
Interstate banking or branching - nondiscriminatory tax treatment
39‑22‑303.5
Single-factor apportionment of business income - allocation of nonbusiness income - rules - definitions
39‑22‑303.6
Market-based apportionment of the income of a taxpayer engaged in business - allocation of nonapportionable income - rules - definitions
39‑22‑303.7
Sourcing of sales of mutual fund service corporations - definitions
39‑22‑303.9
Apportionment of the income of a taxpayer with enterprise data center operations in the state - definitions
39‑22‑304
Net income of corporation - legislative declaration - definitions - repeal
39‑22‑305
Consolidated returns
39‑22‑306
Accounting periods and methods
39‑22‑308
Credit allowed for purchase of Colorado coal
39‑22‑310
Legislative declaration - statutory interpretation and construction
39‑22‑320
Short title - citation
39‑22‑321
Definitions
39‑22‑322
Taxation of an S corporation and its shareholders
39‑22‑323
Modification and characterization of income
39‑22‑324
Basis and adjustments
39‑22‑325
Carryforwards and carrybacks - loss limitation
39‑22‑326
Part-year residence
39‑22‑327
Distributions
39‑22‑328
Returns - repeal
39‑22‑329
Tax credits
39‑22‑330
Uniformity of application and construction
39‑22‑340
Short title - citation
39‑22‑341
Legislative declaration
39‑22‑342
Definitions
39‑22‑343
Election
39‑22‑344
Imposition of tax
39‑22‑345
Owner exclusion
39‑22‑346
Credit for tax paid in other states
39‑22‑347
Credit for electing pass-through entity owner - tax preference performance statement - legislative declaration
39‑22‑401
Income of a resident estate or trust for purposes of Colorado income tax
39‑22‑402
Share of a resident estate, trust, or beneficiary in Colorado fiduciary adjustments
39‑22‑403
Income of a nonresident estate or trust subject to income tax
39‑22‑404
Share of a nonresident estate, trust, or beneficiary in income from sources within Colorado
39‑22‑407
Accounting periods and methods
39‑22‑501
Taxation of regulated investment companies
39‑22‑503
Taxation of real estate investment trusts - definitions
39‑22‑504
Net operating losses
39‑22‑504.5
Short title
39‑22‑504.6
Definitions
39‑22‑504.7
Medical savings accounts - establishment - contributions - distributions - restrictions - taxation - portability
39‑22‑507.5
Credits against tax - investment in certain property - repeal
39‑22‑507.6
Credits against corporate tax - investment in certain property - repeal
39‑22‑509
Credit against tax - employer expenditures for alternative transportation options for employees - legislative declaration - definitions - repeal
39‑22‑514
Tax credit for qualified costs incurred in preservation of historic properties
39‑22‑514.5
Tax credit for qualified costs incurred in preservation of historic structures - short title - definitions
39‑22‑516.7
Tax credit for innovative motor vehicles - tax preference performance statement - definitions - repeal
39‑22‑516.8
Tax credit for innovative trucks - tax preference performance statement - definitions - repeal
39‑22‑517
Tax credit for child care center investments
39‑22‑518
Tax modification for net capital gains - definitions - repeal
39‑22‑520
Credit against tax - investment in school-to-career program - definitions
39‑22‑521
Credits against tax - employer expenses - public assistance recipients
39‑22‑522
Credit against tax - conservation easements - definition
39‑22‑522.5
Conservation easement tax credits - dispute resolution - legislative declaration
39‑22‑526
Credit for environmental remediation of contaminated land - legislative declaration - definition - repeal
39‑22‑529
Business expense deduction - labor services - unauthorized alien - definitions
39‑22‑531
Colorado job growth incentive tax credit - rules - definitions - repeal
39‑22‑532
Advanced industry investment tax credit - definitions
39‑22‑533
Instream flow incentive tax credit for water rights holders - rules - definitions - repeal
39‑22‑535
Credit for purchase of uniquely valuable motor vehicle registration numbers
39‑22‑536
Credit for food contributed to hunger-relief charitable organizations - definitions - repeal
39‑22‑537.5
Credit for personal property taxes paid - legislative declaration - definitions - repeal
39‑22‑538
Credit for health-care preceptors working in health professional shortage areas - legislative declaration - definitions
39‑22‑539
Credit for employer contributions to employee 529 qualified state tuition programs - legislative declaration - definitions - repeal
39‑22‑540
Credit - organ donor - leave of absence period - legislative declaration - definitions
39‑22‑541
Credit for retrofitting a residence to increase a residence’s visitability - tax preference performance statement - legislative declaration - definitions - repeal
39‑22‑542
Tax credit for conversion costs for employee business ownership - definitions - declaration - repeal
39‑22‑543
Credit for wildfire hazard mitigation expenses - legislative declaration - definitions - repeal
39‑22‑544
Credit against tax - qualifying seniors - creation - legislative declaration - definitions
39‑22‑545
Credit against tax - heat pump systems - heat pump water heaters - tax preference performance statement - legislative declaration - definitions - repeal
39‑22‑546
Credit against tax - residential energy storage systems - tax preference performance statement - legislative declaration - definition - repeal
39‑22‑547
Early childhood educator income tax credit - tax preference performance statement - legislative declaration - definitions - repeal
39‑22‑548
Colorado homeless contribution tax credit - legislative declaration - definitions - repeal
39‑22‑549
Credit against tax - small food business recovery and resilience grant program equipment - community food consortium duties and responsibilities - tax preference performance statement - legislative declaration - definitions - repeal
39‑22‑550
Tax credit for reducing emissions from certain lawn equipment - tax preference performance statement - legislative declaration - definitions - report - repeal
39‑22‑551
Industrial clean energy tax credit - tax preference performance statement - definitions - report - repeal
39‑22‑552
Tax credit for expenditures made in connection with a geothermal energy project - tax preference performance statement - definitions - repeal
39‑22‑553
Geothermal electricity generation production tax credit - tax preference performance statement - definitions - repeal
39‑22‑554
Heat pump technology and thermal energy network tax credit - tax preference performance statement - definitions - repeal
39‑22‑555
Electric bicycle tax credit - tax preference performance statement - definitions - repeal
39‑22‑556
Tax credit for sustainable aviation fuel production facility - tax preference performance statement - definitions - repeal
39‑22‑557
Clean hydrogen tax credit - qualified uses - tax preference performance statement - definitions - legislative declaration - repeal
39‑22‑558
Tax credit for employer’s contribution to employee for eligible expenses in connection with a qualifying home purchase - tax preference performance statement - legislative declaration - definitions
39‑22‑559
Film incentive tax credit - tax preference performance statement - review - legislative declaration - definitions - repeal
39‑22‑601
Returns - repeal
39‑22‑601.5
Reporting federal adjustments - definitions
39‑22‑602
Failure to make return - director may make
39‑22‑603
Returns not made under oath
39‑22‑603.5
Frivolous returns
39‑22‑604
Withholding tax - requirement to withhold - tax lien - exemption from lien - annual statement - notice - definitions
39‑22‑604.3
Innovation reinvestment - withholding - transfers - bioscience - clean technology - short title - legislative declaration - definitions - repeal
39‑22‑604.5
Withholding tax - transfers of Colorado real property - nonresident transferors
39‑22‑605
Failure by individual to pay estimated income tax
39‑22‑606
Failure by corporation to pay estimated income tax
39‑22‑607
Estimated tax deposited with treasurer
39‑22‑608
Form, place, and date of filing return - extension - electronic filing
39‑22‑609
Payment of tax - applicable when
39‑22‑610
Relief for members of the armed forces of the United States - when
39‑22‑611
Property exempt from ad valorem taxes
39‑22‑621
Interest and penalties
39‑22‑622
Refunds
39‑22‑623
Disposition of collections - definition
39‑22‑624
Prior rights and liabilities not affected
39‑22‑625
Application of article - effective date
39‑22‑626
Applicability of amendments to this article to income tax years
39‑22‑627
Temporary adjustment of rate of income tax - refund of excess state revenues - authority of executive director
39‑22‑628
Direct deposit of refund to collegeinvest savings accounts - modification of individual income tax return forms - legislative declaration - definition
39‑22‑629
Advance payments of income tax credits - definitions
39‑22‑651
Short title - citation
39‑22‑652
Definitions
39‑22‑653
Taxpayer disclosure of reportable or listed transactions
39‑22‑654
Additional listed transactions - report
39‑22‑655
Penalty for failure to disclose a reportable or listed transaction
39‑22‑656
Material advisor - disclosure of reportable or listed transactions
39‑22‑657
Material advisor - maintenance of list
39‑22‑658
Material advisor - penalties
39‑22‑659
Waiver, reduction, or compromise of penalty for reasonable cause
39‑22‑701
Legislative declaration
39‑22‑702
Voluntary contribution designation - procedure
39‑22‑703
Contributions credited to Colorado nongame conservation and wildlife restoration cash fund - administration - transfer
39‑22‑704
Repeal of part
39‑22‑801
Voluntary contribution designation - procedure
39‑22‑802
Contributions credited to Colorado domestic abuse program fund - creation - appropriation
39‑22‑803
Repeal of part
39‑22‑1001
Limitations on voluntary contribution programs - queue - notice - reestablishment of certain programs
39‑22‑1301
Voluntary contribution designation - procedure
39‑22‑1302
Contributions credited to homeless prevention activities program fund - creation - appropriation
39‑22‑1801
Legislative declaration
39‑22‑1802
Voluntary contribution designation - procedure - effective date
39‑22‑1803
Contributions credited to the Special Olympics Colorado fund - creation - appropriation
39‑22‑1804
Repeal of part
39‑22‑1901
Legislative declaration
39‑22‑1902
Voluntary contribution designation - procedure
39‑22‑1903
Contributions credited to the fund - appropriation
39‑22‑2001
Legislative declaration - revenues exceeding TABOR limit - sales tax refund
39‑22‑2002
Fiscal years commencing on or after July 1, 1998 - state sales tax refund - authority of executive director - repeal
39‑22‑2003
State sales tax refund - offset against state income tax - qualified individuals
39‑22‑2004
Temporary refund of excess state revenues from all sources - definitions - repeal
39‑22‑2005
Refund of excess state revenues from all sources - definitions - repeal
39‑22‑2101
Definitions
39‑22‑2102
Credit against tax - affordable housing developments - legislative declaration
39‑22‑2103
Recapture
39‑22‑2104
Filing requirements
39‑22‑2105
Parallel credits - insurance premium taxes
39‑22‑2106
Rules
39‑22‑2107
Compliance monitoring
39‑22‑2108
Report to the general assembly
39‑22‑2201
Voluntary contribution designation - procedure
39‑22‑2202
Contributions credited to the fund - administration - transfer
39‑22‑2203
Repeal of part
39‑22‑2401
Legislative declaration
39‑22‑2402
Voluntary contribution designation - procedure
39‑22‑2403
Contributions credited to Colorado healthy rivers fund - creation - appropriation
39‑22‑2404
Repeal of part
39‑22‑2901
Voluntary contribution designation - procedure
39‑22‑2902
Contributions credited to the Alzheimer’s Association fund - creation - appropriation
39‑22‑2903
Repeal of part
39‑22‑3001
Voluntary contribution designation - procedure
39‑22‑3002
Contributions credited to the military family relief fund - appropriation
39‑22‑3003
Repeal of part
39‑22‑3301
Legislative declaration
39‑22‑3302
Voluntary contribution designation - procedure
39‑22‑3303
Contributions credited to the Colorado cancer fund - creation - appropriation
39‑22‑3304
Repeal of part
39‑22‑3601
Legislative declaration
39‑22‑3602
Voluntary contribution designation - procedure
39‑22‑3603
Contributions credited to the Make-A-Wish Foundation of Colorado fund - creation - appropriation
39‑22‑3604
Repeal of part
39‑22‑3801
Legislative declaration
39‑22‑3802
Voluntary contribution designation - procedure
39‑22‑3803
Contributions credited to the unwanted horse fund - creation - appropriation
39‑22‑3804
Repeal of part
39‑22‑4301
Legislative declaration
39‑22‑4302
Voluntary contribution designation - procedure - effective date
39‑22‑4303
Contributions credited to the American Red Cross Colorado disaster response, readiness, and preparedness fund - creation - appropriation
39‑22‑4304
Repeal of part
39‑22‑4401
Legislative declaration
39‑22‑4402
Voluntary contribution designation - procedure - effective date
39‑22‑4403
Contributions credited to the Colorado for Healthy Landscapes fund - creation - appropriation
39‑22‑4404
Repeal of part
39‑22‑4501
Legislative declaration
39‑22‑4502
Voluntary contribution designation - procedure - effective date
39‑22‑4503
Contributions credited to the Habitat for Humanity of Colorado fund - creation - appropriation
39‑22‑4504
Repeal of part
39‑22‑4601
Legislative declaration
39‑22‑4602
Voluntary contribution designation - procedure - effective date
39‑22‑4603
Contributions credited to the Colorado Youth Conservation Corps fund - creation - appropriation
39‑22‑4604
Repeal of part
39‑22‑4701
Short title
39‑22‑4702
Legislative declaration
39‑22‑4703
Definitions
39‑22‑4704
First-time home buyer savings account
39‑22‑4705
Eligible expenses - penalties for other uses
39‑22‑4706
Forms
39‑22‑4707
Financial institutions
39‑22‑4801
Legislative declaration
39‑22‑4802
Voluntary contribution designation - procedure - effective date
39‑22‑4803
Contributions credited to the Urban Peak Housing and Support Services for Youth Experiencing Homelessness fund - creation - appropriation
39‑22‑4804
Repeal of part
39‑22‑4901
Legislative declaration
39‑22‑4902
Voluntary contribution designation - procedure - effective date
39‑22‑4903
Contributions credited to the family caregiver support fund - creation - appropriation
39‑22‑4904
Repeal of part
39‑22‑5001
Legislative declaration
39‑22‑5002
Voluntary contribution designation - procedure - effective date
39‑22‑5003
Contributions credited to the Young Americans Center for Financial Education fund - creation - appropriation
39‑22‑5004
Repeal of part
39‑22‑5101
Legislative declaration
39‑22‑5102
Voluntary contribution designation - procedure - effective date
39‑22‑5103
List of eligible charitable organizations
39‑22‑5104
Contributions credited to the donate to a Colorado nonprofit fund - creation - appropriation - distribution
39‑22‑5105
Initial funding
39‑22‑5201
Definitions
39‑22‑5202
Uninsured designation - required forms - rules
39‑22‑5301
Legislative declaration
39‑22‑5302
Voluntary contribution designation - procedure - effective date
39‑22‑5303
Contributions credited to Feeding Colorado fund - creation - appropriation
39‑22‑5304
Repeal of part
Green check means up to date. Up to date

Current through Fall 2024

§ 39-22-542’s source at colorado​.gov