Mike Weissman
- Democratic
- Representative
- District 36
Primary
Sections 1 and 3 of the act restore, over time, certain business deductions to federal taxable income that were disallowed in Colorado by operation of a department of revenue rule and by House Bill 20-1420. The specific deductions are related to net operating losses, the application of the federal excess business loss rules, interest expenses, and qualified improvement property.The earned income tax credit is equal to a percentage of the federal earned income tax credit. Section 2 allows taxpayers filing with an individual taxpayer identification number to claim the earned income tax credit for income tax years commencing on or after January 1, 2020.(Note: This summary applies to this bill as enacted.)
Governor Signed
Sent to the Governor
Signed by the President of the Senate
Signed by the Speaker of the House
Senate Third Reading Passed - No Amendments
Senate Second Reading Special Order - Passed - No Amendments
Senate Committee on Appropriations Refer Unamended to Senate Committee of the Whole
Senate Committee on Finance Refer Unamended to Appropriations
Senate Committee on Finance Refer Unamended to Appropriations
House Third Reading Passed - No Amendments
House Second Reading Special Order - Passed with Amendments - Committee
House Committee on Appropriations Refer Amended to House Committee of the Whole
House Committee on Finance Refer Amended to Appropriations
| Bill Text Versions | Format |
|---|---|
| Signed Act (01/21/2021) | |
| Final Act (01/15/2021) | |
| Rerevised (01/15/2021) | |
| Revised (01/14/2021) | |
| Reengrossed (01/14/2021) | |
| Engrossed (01/13/2021) | |
| Introduced (01/13/2021) | |
| PA1 (01/13/2021) | |
| Committee Amendment |
| Document | Format |
|---|---|
| Fiscal Note SA1 (01/13/2021) | |
| Fiscal Note FN1 (01/13/2021) | |
| Fiscal Note FN2 (01/14/2021) | |
| Fiscal Note FN3 (03/11/2021) |
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.