HB 23-1121

  • Colorado House Bill
  • 2023 Regular Session
  • Introduced in House Feb 15, 2023
  • Passed House Feb 13, 2023
  • Passed Senate Mar 10, 2023
  • Signed by Governor Mar 23, 2023

Repeal Of Infrequently Used Tax Expenditures

Abstract

The act repeals the following infrequently used tax expenditures: The crop hail insurance premium tax exemption (section 1 of the act); The in-state investment pre-1959 insurance premium tax deduction (section 1); The corporate condemnation capital gains income tax deduction (section 2); The oil shale excess percentage depletion income tax deduction (section 2); The mining and milling impact assistance corporate income tax credit (section 3); The oil shale equipment and machinery severance tax deduction (section 4); The oil shale processing severance tax deduction (section 4); The oil shale severance tax rate reductions (section 4); The oil shale noncommercial production severance tax exemption (section 4); and The mineral and mineral fuels impact assistance severance tax credit (section 5). APPROVED by Governor March 23, 2023 EFFECTIVE August 7, 2023 NOTE: This act was passed without a safety clause and takes effect 90 days after sine die. (Note: This summary applies to this bill as enacted.)

Bill Sponsors (3)

Votes


Mar 10, 2023

Feb 13, 2023

Actions


Mar 23, 2023

Office of the Governor

Governor Signed

Mar 16, 2023

Office of the Governor

Sent to the Governor

Senate

Signed by the President of the Senate

Mar 15, 2023

House

Signed by the Speaker of the House

Mar 10, 2023

Senate

Senate Third Reading Passed - No Amendments

Mar 09, 2023

Senate

Senate Second Reading Passed - No Amendments

Mar 07, 2023

Senate

Senate Committee on Finance Refer Unamended to Senate Committee of the Whole

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

Feb 15, 2023

Senate

Introduced In Senate - Assigned to Finance

  • Introduction
Finance

Feb 13, 2023

House

House Third Reading Passed - No Amendments

Feb 10, 2023

House

House Second Reading Special Order - Passed - No Amendments

Feb 09, 2023

House

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

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

Jan 27, 2023

House

Introduced In House - Assigned to Finance

  • Introduction
Finance

Bill Text

Bill Text Versions Format
Signed Act (03/23/2023) PDF
Final Act (03/16/2023) PDF
Rerevised (03/10/2023) PDF
Revised (03/09/2023) PDF
Reengrossed (02/13/2023) PDF
Engrossed (02/10/2023) PDF
Introduced (01/27/2023) PDF
Committee Amendment PDF

Related Documents

Document Format
Fiscal Note FN1 (02/07/2023) PDF
Fiscal Note FN2 (08/08/2023) 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.