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HB24-1116

Extend Contaminated Land Income Tax Credit

Concerning the extension of the contaminated land state income tax credit.
Session:
2024 Regular Session
Subject:
Fiscal Policy & Taxes
Bill Summary

Under current law, on or after January 1, 2014, but prior to January 2025, a taxpayer is allowed a credit against state income tax for an approved environmental remediation of contaminated property. The bill extends the availability of the income tax credit an additional 10 years, through income tax years commencing prior to January 1, 2035.


(Note: This summary applies to this bill as introduced.)

Status

Introduced
Under Consideration

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Bill Text

Sponsors

Sponsor Type Legislators
Prime Sponsor

Rep. S. Bird, Rep. M. Bradfield
Sen. B. Kirkmeyer, Sen. K. Mullica

Sponsor

Co-sponsor

Colorado legislature email addresses ending in @state.co.us are no longer active. Please replace @state.co.us with @coleg.gov for Colorado legislature email addresses. Details

The effective date for bills enacted without a safety clause is August 7, 2024, if the General Assembly adjourns sine die on May 8, 2024, unless otherwise specified. Details