C.R.S. Section 39-22-551
Industrial clean energy tax credit

  • tax preference performance statement
  • definitions
  • report
  • repeal

(1)

Intentionally left blank —Ed.

(a)

In accordance with section 39-21-304 (1), which requires each bill that creates a new tax expenditure to include a tax preference performance statement as part of a statutory legislative declaration, the general assembly finds and declares that the purpose of the tax credit provided for in this section is to induce certain designated behavior by taxpayers and to provide a reduction in income tax liability for certain businesses or individuals by allowing an owner of an industrial facility to receive a credit against income tax for the costs associated with conducting industrial studies or for implementing a plan to put into service greenhouse gas emissions reduction improvements.

(b)

The general assembly and the state auditor shall measure the effectiveness of the credit in achieving the purposes specified in subsection (1)(a) of this section based on the information required and reported by the office pursuant to subsection (10)(b) of this section, and based on the number and value of the credits claimed.

(2)

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

(a)

“Applicable percentage” means thirty percent, except as provided in subsection (3)(b)(II) of this section.

(b)

“Certified greenhouse gas emissions reduction improvements” means greenhouse gas emissions reduction improvements to a qualified industrial facility that have been certified by the office as meeting the standards of the office.

(c)

“Colorado energy office” or “office” means the Colorado energy office created in section 24-38.5-101.

(d)

“Department” means the department of revenue.

(e)

“Greenhouse gas emissions reduction improvements” means improvements that help to measurably reduce greenhouse gas emissions. “Greenhouse gas emissions reduction improvements” also means one or more of the following equipment purchases, improvements, and retrofits:

(I)

Replacing fossil-fuel-powered off-road equipment such as forklifts and construction equipment with electric equipment;

(II)

Replacing fossil-fuel-fired equipment for space or water heating or industrial process heating with high-efficiency electric equipment;

(III)

Replacing fossil-fuel-fired or compressed air-driven industrial process equipment with high-efficiency electric equipment;

(IV)

Placing in service advanced refrigeration systems that reduce greenhouse gas emissions;

(V)

Placing in service electric charging infrastructure for electric vehicles at an industrial facility;

(VI)

Placing in service waste heat recovery technology;

(VII)

Upgrading or implementing energy monitoring systems;

(VIII)

Installing high efficiency electric pumps, motors, compressors, and lighting;

(IX)

Installing variable volume or load efficiency equipment;

(X)

Installing carbon capture equipment which provides supporting information that demonstrates a net reduction in greenhouse gas emissions when accounting for energy-related emissions released to operate the carbon capture equipment and provides a permanent durable carbon storage plan; except that the captured carbon may not be used for enhanced oil recovery;

(XI)

Installing equipment used for collection of biomethane;

(XII)

Replacing fossil-fuel-fired equipment with hydrogen fueled equipment;

(XIII)

Installing hydrogen fueling stations for fuel cell vehicles at industrial facilities;

(XIV)

Converting fossil-fuel-powered pumps, compressors, and controllers to compressed air-driven or electric-driven pumps, compressors, and controllers;

(XV)

Installing onsite energy storage;

(XVI)

Installing or upgrading to utility service feed equipment to directly support the implementation of any of the electrification improvements set forth in this subsection (2)(e);

(XVII)

Placing in service carbon management systems including direct air capture and other forms of carbon dioxide removal;

(XVIII)

Material substitutions within industrial processes to reduce industrial process greenhouse gas emissions by a minimum of fifteen percent when compared to existing production practices; and

(XIX)

Other similar purchases and improvements identified and set forth in the standards developed by the office pursuant to subsection (4) of this section that result in at least a twenty percent reduction in greenhouse gas emissions when compared to current technology, equipment, or production processes being deployed by the owner.

(f)

“Greenhouse gas emissions reduction plan” or “plan” means project implementation plans or specifications for the proposed greenhouse gas emissions reduction improvements to a qualified industrial facility that are sufficiently detailed to enable the office to evaluate whether the improvements are in compliance with the standards developed under this section and whether the plan will measurably reduce greenhouse gas emissions at a qualified industrial facility. The plan must include, but is not limited to, a property address, legal description, or other specific location of the industrial facility, and must include information on the estimated costs for the proposed greenhouse gas emissions reduction improvements.

(g)

Intentionally left blank —Ed.

(I)

“Industrial facility” means any real property in the state, and the machinery or equipment on the real property, where the principal trade or business activity is the mechanical or chemical transformation of organic or inorganic substances into new products, characteristically using power-driven machines and materials handling equipment.

(II)

“Industrial facility” does not include a landfill, an electric utility subject to regulation by the public utilities commission, or an upstream or mid-stream oil and gas operation.

(h)

“Industrial process greenhouse gas emissions” means greenhouse gas emissions that occur as a result of the chemical or physical transformation of process input materials.

(i)

“Industrial study” means an energy and emissions audit, a feasibility study, or a front-end engineering design study that meets or exceeds the standards established by the office.

(j)

“Owner” means a person subject to tax under this article 22 who applies for and claims the credit allowed by this section.

(3)

Availability of credit and amount.

(a)

For income tax years commencing on or after January 1, 2024, but prior to January 1, 2033, there shall be allowed a credit with respect to the income taxes imposed pursuant to this article 22 to the owner of a qualified industrial facility in an amount equal to:

(I)

The applicable percentage of the costs paid and approved by the office for completing an industrial study during the tax year in which the credit is claimed; except that the credit cannot be claimed in an amount exceeding one million dollars; or

(II)

The applicable percentage of the capital costs paid by the owner, not including the cost for design, and approved by the office for certified greenhouse gas emissions reduction improvements that are placed in service during the tax year in which the credit is claimed; except that the credit must be claimed in an amount that is not less than seventy-five thousand dollars and does not exceed five million dollars.

(b)

Intentionally left blank —Ed.

(I)

If the office approves the owner’s industrial study or greenhouse gas emissions reduction plan and reserves credits under subsection (6) of this section, the office shall apply the applicable percentage of the costs paid for completing an industrial study or the capital costs paid for greenhouse gas emissions reduction improvements to calculate the amount of the credit that the owner will receive for the tax year in which the industrial study is completed or the greenhouse gas emissions reduction improvements are placed in service.

(II)

The office may on a case by case basis determine that the applicable percentage may be increased to an amount not to exceed fifty percent upon request by an owner for greenhouse gas emissions reduction improvements that have significant potential to significantly advance reductions in greenhouse gas emissions but may not be in the commercial stage of development. In evaluating such a request, the office may use United States department of energy technology readiness level criteria, scientific literature detailing potential decarbonization impacts of proposed technology, or subsequent literature on technology results to date to determine whether the requested increase of the applicable percentage sufficiently satisfies the office’s criteria to justify the increase.

(c)

An owner that claims the credit allowed by this section cannot claim the credit allowed by section 39-30-104 with respect to the greenhouse gas emissions reduction improvements or receive grant money under the industrial and manufacturing operations clean air grant program created in section 24-38.5-116 (3)(a).

(4)

Office to develop standards.

(a)

The office shall develop standards for the approval of industrial facilities as qualified industrial facilities for which a tax credit under this section is allowed to an owner.

(b)

The office shall develop standards for the approval of industrial studies, for the approval of an industrial facility owner’s greenhouse gas emissions reduction plan, for certifying greenhouse gas emissions reduction improvements, including verification of reduction in greenhouse gas emissions, and for reviewing the cost certifications for the costs of the industrial study and the costs related to the implementation of a greenhouse gas emissions reduction improvements plan. The standards that are adopted pursuant to this subsection (4)(b), must provide that a plan propose greenhouse gas emissions reduction improvements that lead to direct reductions through project implementation.

(c)

Any standards developed by the office under this subsection (4) must be posted on the office’s website.

(d)

The office may annually review and update as necessary standards adopted pursuant to this subsection (4).

(5)

Application and industrial study or plan submission.

(a)

An owner that intends to claim a credit pursuant to subsection (3)(a)(I) of this section shall submit to the office an application on a form prescribed by the office and any documentation that the office requires to demonstrate the anticipated completion of an industrial study in the current or in a future tax year, including the cost of the industrial study and the amount of credit requested.

(b)

An owner that intends to claim a tax credit pursuant to subsection (3)(a)(II) of this section shall submit to the office an application and plan as set forth in the standards developed by the office. The office shall prescribe a form for the application, which must include a place for owners to provide the following information:

(I)

Detailed estimates of the capital costs for the proposed greenhouse gas emissions reduction improvements;

(II)

Estimates of expected energy consumption avoided by the use of the greenhouse gas emissions reduction improvements;

(III)

Estimated timing for the greenhouse gas emissions reduction improvements to be placed into service;

(IV)

For carbon management projects, net reductions in greenhouse gas emissions;

(V)

Estimated dollar savings;

(VI)

Estimated dollars leveraged, including any private investment, state grant funding, and federal grants or tax credits;

(VII)

The type and age of equipment being replaced, if applicable;

(VIII)

The type and estimated life span of new equipment, if applicable;

(IX)

The amount of credit requested; and

(X)

Any other information as specified in the standards set forth by the office.

(c)

Intentionally left blank —Ed.

(I)

The office shall accept applications through June 30, 2024, and semi-annually through each December 31 and June 30 thereafter, through June 30, 2032.

(II)

Intentionally left blank —Ed.

(A)

The office shall review applications and documentation related to industrial studies to be conducted or plans for greenhouse gas emissions reduction improvements at a qualified industrial facility to determine that the application, documentation, and plan, if applicable, are complete and in compliance with the requirements of this section and the standards established by the office.

(B)

If the office determines that the application, documentation, and plan, if applicable, are complete and in compliance, the office shall add the application to an evaluation pool for the application period.

(C)

If the office determines that the application is incomplete or that it does not comply with the requirements of this section or the standards established by the office, the office shall remove the application from the review process and notify the owner in writing of its decision. An owner may resubmit a disapproved application, documentation, and plan, if applicable, to be evaluated in a future application period.

(6)

Merit-based review and reservation of credits.

(a)

Intentionally left blank —Ed.

(I)

For each application period, the office shall conduct a merit-based evaluation of the applications that have been placed in the evaluation pool pursuant to subsection (5)(c)(II)(B) of this section. The office shall complete its review, and award reservations, within ninety days after the end of the application period.

(II)

Based upon the totality of the factors set forth in subsection (6)(c) of this section, the office may adjust the applicable percentage as provided in subsection (3)(b)(II) of this section and reserve for the benefit of each owner all, part, or none of the credit amount requested by the owner; except that the office shall not reserve an amount in excess of the credit allowed by subsection (3)(a) of this section, and the aggregate amount of credits reserved for all owners may not exceed the reservation limits set forth in subsection (8) of this section.

(III)

The office may reserve credits for the current or any future tax year based upon the anticipated completion or in service date indicated in the application; except that credits may not be reserved for an industrial study completed or for greenhouse gas emissions reduction improvements placed in service prior to the end of the application period. The office shall not reserve tax credits for any tax year beginning on or after January 1, 2033.

(b)

Intentionally left blank —Ed.

(I)

If the office reserves credits for the benefit of an owner under subsection (6)(a) of this section, the office shall notify the owner of the reservation and the amount reserved. The reservation of tax credits does not entitle the owner to an issuance of any tax credit certificates until the owner complies with all of the requirements specified in this section, or by the office, for the issuance of a tax credit certificate.

(II)

The office shall notify any owner for which it reserved no credit under subsection (6)(a) of this section of its decision in writing.

(III)

If the office reserves less than the full amount of credit requested by the owner, the owner may submit a new application for the remaining balance up to the amount of credit allowed by subsection (3)(a) of this section in a future application period.

(c)

Intentionally left blank —Ed.

(I)

In conducting the merit-based review pursuant to subsection (6)(a) of this section, the office shall consider the factors set forth in this subsection (6)(c) in addition to any other factors the office may establish in its guidelines. The office may weigh the factors equally or differently.

(II)

The office shall:

(A)

Consider additional resources leveraged by the owner to conduct the industrial study or implement the plan; and

(B)

Prioritize the location of the industrial facility that is the subject of the industrial study or the plan, in particular if the location is in a disproportionately impacted community or within a non-attainment area.

(III)

In addition to the factors set forth in subsection (6)(c)(II) of this section, for an application that is requesting a reservation of credit for the credit allowed pursuant to subsection (3)(a)(II) of this section, the office shall also consider:

(A)

The annual greenhouse gas emissions reduction impact, considering both the total impact and the per dollar impact for the amount of credit requested to be reserved;

(B)

Any co-benefits of a project that will implement the plan with prioritization given to projects that limit the amount of pollutants emitted by emerging technologies, including projects that include electrification and use of renewable electricity;

(C)

The readiness of a greenhouse gas emissions reduction improvement that will be implemented by the plan; and

(D)

The innovative nature of the plan and proposed greenhouse gas emissions reduction improvements.

(7)

Proof of compliance - audit of cost certification - issuance of tax credit certificate.

(a)

Any owner receiving a reservation of tax credits under subsection (6) of this section for credits allowed pursuant to subsection (3)(a) of this section shall complete the approved industrial study or put the approved greenhouse gas emissions reduction improvements identified in the plan in service during the tax year for which the reservation is approved. When the approved industrial study is complete or the approved greenhouse gas emissions reduction improvements are placed in service, the owner shall notify the office of the completion of the industrial study or plan and shall provide the office with a cost certification of the costs for the approved industrial study or approved greenhouse gas emissions reduction improvements. The cost certification must be audited by a licensed certified public accountant that is not affiliated with the owner. The office shall review the cost certification and verify that it satisfies the information provided in the owner’s application, including, if applicable, the plan, within ninety days after receipt of the cost certification. If the office determines that the industrial study is complete or that the plan is complete and that the greenhouse gas emissions reduction improvements have been placed in service, and the office approves the cost certification, the office shall issue a tax credit certificate in the amount allowed pursuant to subsection (3) of this section.

(b)

Notwithstanding subsection (7)(a) of this section, the total amount of the initial tax credit certificate issued for an industrial study or certified greenhouse gas emissions reduction improvement must not exceed the amount of the tax credit reservation approved pursuant to subsection (6)(a) of this section.

(c)

If the amount of certified costs incurred by the owner would result in an owner being issued an amount that exceeds the amount of tax credit reserved for the owner under subsection (6) of this section, the owner may apply to the office for the issuance of an amount of tax credits that equals the excess. The owner shall submit its application for issuance of such excess tax credits on a form prescribed by the office. The office shall review the application for an additional tax credit amount in the same manner it reviews all other applications and in accordance with subsection (6)(a) of this section. Subject to the availability of tax credits for the application period during which the owner applies for the additional credit award pursuant to this subsection (7)(c), the office may approve the application and shall issue a separate certificate.

(8)

Limit on aggregate amount of tax credits available to be reserved.

(a)

For the application period ending June 30, 2024, and for each semi-annual application period commencing on or after July 1, 2024, but before July 1, 2028, the aggregate amount of all tax credits that may be reserved under subsection (6)(a) of this section and awarded under subsection (7)(c) of this section must not exceed eight million dollars. For application periods commencing on or after July 1, 2028, but before July 1, 2032, the aggregate amount of all tax credits that may be reserved under subsection (6)(a) of this section must not exceed twelve million dollars.

(b)

Notwithstanding the provisions of subsection (8)(a) of this section, the office may increase the periodic aggregate amount of tax credits available for the application period ending June 30, 2024, and for any semi-annual application period commencing on or after July 1, 2024, but before July 1, 2028. If so increased, the office shall decrease accordingly the amount of tax credits available for the application periods commencing on or after July 1, 2028, but before July 1, 2032.

(c)

Notwithstanding the provisions of subsection (8)(a) of this section, if the aggregate amount of all tax credits reserved pursuant to subsection (6)(a) of this section and awarded pursuant to subsection (7)(c) of this section for an application period is less than the amount available under subsections (8)(a) and (8)(b) of this section, then the aggregate amount of all tax credits that may be reserved and awarded in the next application period is increased by the unreserved and unawarded amount.

(9)

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 owner to which the office has issued a tax credit certificate, as allowed in subsection (7) of this section, for the preceding tax year that includes the following information:

(a)

The taxpayer’s name;

(b)

The amount of the credit; and

(c)

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

(10)

Guidelines.

(a)

In addition to the standards that the office is required to establish pursuant to subsection (4) of this section, the office may establish guidelines to implement this section. All guidelines established by the office must be posted on the office’s website.

(b)

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 purpose set forth in subsection (1)(a) of this section and shall provide this information and any other information requested, if available, to the state auditor as part of the state auditor’s evaluation of this tax expenditure required by section 39-21-305. Information provided by the office to the state auditor may include approved industrial studies or approved plans for greenhouse gas emissions reduction improvements.

(11)

In order to claim the credit authorized by this section, the owner shall file the tax credit certificate with the owner’s state income tax return. The amount of the credit that the owner may claim under this section is the amount stated on the tax credit certificate.

(12)

Intentionally left blank —Ed.

(a)

An owner shall submit a report to the office by the end of the first month after the end of any income tax year in which the owner received a tax credit under this section and shall annually submit a report for three years thereafter verifying the greenhouse gas emissions reduction improvements are, notwithstanding circumstances evaluated and determined by the office to be justified, in use at the location identified in the owner’s application for a tax credit certificate and remain owned by the owner.

(b)

If an owner was allowed a credit under this section and fails to demonstrate the greenhouse gas emissions reduction improvements are, notwithstanding circumstances evaluated and determined by the office to be justified, in use at the location identified in the owner’s application for a tax credit certificate or are owned by the owner in any of the three taxable years immediately following the taxable year in which the greenhouse gas emissions reduction improvements were placed in service, the office shall notify the department in writing that the credit allowed in this section must be disallowed for that owner. The owner shall add the amount of the disallowed credit to its return as a recaptured credit for the tax year in which the credit is disallowed pursuant to this subsection (12).

(13)

If a credit authorized by this section exceeds the income tax due on the income of the owner for the taxable year, the excess credit may not be carried forward and must be refunded to the owner.

(14)

This section is repealed, effective December 31, 2038.

Source: Section 39-22-551 — Industrial clean energy tax credit - tax preference performance statement - definitions - report - 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

§ 39-22-551’s source at colorado​.gov