Hugh McKean
- Republican
Primary
Under current law, the pre-1987 net operating loss deduction for individuals, estates, and trusts allows individuals, estates, and trusts to deduct Colorado net operating losses carried forward from tax years beginning prior to January 1, 1987, from their federal taxable income when computing their Colorado taxable income. But the latest year that an individual, estate, or trust could have used the pre-1987 net operating loss deduction and carried forward a net operating loss generated in 1987 was 2002. The act repeals the deduction. The act applies to income tax years tax beginning on or after January 1, 2021. (Note: This summary applies to this bill as enacted.)
Governor Signed
Sent to the Governor
Signed by the Speaker of the House
Signed by the President of the Senate
Senate Third Reading Passed - No Amendments
Senate Second Reading Passed - No Amendments
Senate Committee on Business, Labor, & Technology Refer Unamended - Consent Calendar to Senate Committee of the Whole
Introduced In Senate - Assigned to Business, Labor, & Technology
House Third Reading Passed - No Amendments
House Second Reading Passed - No Amendments
House Second Reading Laid Over Daily - No Amendments
House Committee on Business Affairs & Labor Refer Unamended to House Committee of the Whole
Introduced In House - Assigned to Business Affairs & Labor
| Bill Text Versions | Format |
|---|---|
| Signed Act (03/20/2020) | |
| Final Act (03/14/2020) | |
| Rerevised (03/06/2020) | |
| Revised (03/05/2020) | |
| Reengrossed (02/20/2020) | |
| Engrossed (02/19/2020) | |
| Introduced (01/30/2020) | |
| Committee Amendment |
| Document | Format |
|---|---|
| Fiscal Note FN1 (02/10/2020) | |
| Fiscal Note FN2 (08/07/2020) |
Data on Open States is updated periodically throughout the day from the official website of the Colorado General Assembly.
If you notice any inconsistencies with these official sources, feel free to file an issue.