HB 20B-1006

  • Colorado House Bill
  • 2020 First Extraordinary Session
  • Introduced in House Dec 01, 2020
  • Passed House Dec 01, 2020
  • Passed Senate Dec 02, 2020
  • Signed by Governor Dec 07, 2020

Insurance Premium Tax Payments And Credits

Abstract

The act: Adjusts how calendar quarter estimates of the tax on insurance premiums are calculated and allows the payment for the first calendar quarter of a year to be adjusted to reflect the claiming of an allowable tax credit or previous estimated payments; Allows a company that has overpaid on its estimated premium tax liability to either apply the overpayment to future estimated payments or claim a refund; Provides that in calculating the amount of a refund, any nonrefundable tax credits claimed by the company are applied to the company's tax liability first, and the amount of the refund cannot exceed the total amount of any additional payments made by the company; Allows a taxpayer to claim a small business recovery tax credit or an affordable housing tax credit against estimated premium tax payments; and Provides for the transfer of small business recovery tax credits among affiliates.(Note: This summary applies to this bill as enacted.)

Bill Sponsors (2)

Votes


Dec 02, 2020

Dec 01, 2020

Actions


Dec 07, 2020

Office of the Governor

Governor Signed

Dec 04, 2020

Senate

Signed by the President of the Senate

Office of the Governor

Sent to the Governor

House

Signed by the Speaker of the House

Dec 02, 2020

Senate

Senate Third Reading Passed - No Amendments

Dec 01, 2020

Senate

Senate Second Reading Special Order - Passed - No Amendments

Senate

Senate Committee on Finance Refer Unamended - Consent Calendar to Senate Committee of the Whole

  • Committee-Passage
Finance

Senate

Introduced In Senate - Assigned to Finance

  • Introduction
Finance

House

House Third Reading Passed - No Amendments

Nov 30, 2020

House

House Second Reading Passed with Amendments - Committee, Floor

House

House Committee on Finance Refer Amended to House Committee of the Whole

  • Committee-Passage
  • Referral-Committee
House Committee of the Whole Finance

House

Introduced In House - Assigned to Finance

  • Introduction
Finance

Bill Text

Bill Text Versions Format
Signed Act (12/07/2020) PDF
Final Act (12/04/2020) PDF
Rerevised (12/02/2020) PDF
Revised (12/01/2020) PDF
Reengrossed (12/01/2020) PDF
Engrossed (11/30/2020) PDF
Introduced (11/30/2020) PDF
PA1 (11/30/2020) PDF
Committee Amendment PDF

Related Documents

Document Format
Fiscal Note FN1 (11/30/2020) PDF
Fiscal Note FN2 (01/04/2021) PDF

Sources

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.