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First Regular Session | 75th General Assembly
Colorado General Assembly
HB23-1121

Repeal Of Infrequently Used Tax Expenditures

Type Bill
Session 2023 Regular Session
Subjects
Fiscal Policy & Taxes

Concerning the repeal of infrequently used tax expenditures.

Bill Summary:

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.)

Prime Sponsors

Representative Shannon Bird

Representative

Shannon Bird

Senator Chris Hansen

Senator

Chris Hansen

Senator Larry Liston

Senator

Larry Liston

Committees

House

Finance

Senate

Finance

Status

Became Law

Introduced

Passed

Became Law

Related Documents & Information

Date Version Documents
03/23/2023 Signed Act PDF
03/16/2023 Final Act PDF
03/10/2023 Rerevised PDF
03/09/2023 Revised PDF
02/13/2023 Reengrossed PDF
02/10/2023 Engrossed PDF
01/27/2023 Introduced PDF
Date Version Documents
08/08/2023 FN2 PDF
02/07/2023 FN1 PDF
Activity Vote Documents
Refer House Bill 23-1121 to the Committee of the Whole. The motion passed on a vote of 5-1. Vote summary
Hearing Summary
|
Committee Report:  PDF
Activity Vote Documents
Refer House Bill 23-1121 to the Committee of the Whole. The motion passed on a vote of 10-0. Vote summary
Hearing Summary
|
Committee Report:  PDF
Date Calendar Motion Vote Vote Document
03/10/2023 Third Reading BILL
31
AYE
4
NO
0
OTHER
 		Vote record
Date Calendar Motion Vote Vote Document
02/13/2023 Third Reading BILL
55
AYE
8
NO
2
OTHER
 		Vote record
Date Amendment Number Committee/ Floor Hearing Status Documents
03/09/2023 L.001 Second Reading Lost [**] PDF

* Amendments passed in committee are not incorporated into the measure unless adopted by the full House or Senate.

** The status of Second Reading amendments may be subsequently affected by the adoption of an amendment to the Committee of the Whole Report. Refer to the House or Senate Journal for additional information.

Date Location Action
03/23/2023 Governor Governor Signed
03/16/2023 Governor Sent to the Governor
03/16/2023 Senate Signed by the President of the Senate
03/15/2023 House Signed by the Speaker of the House
03/10/2023 Senate Senate Third Reading Passed - No Amendments
03/09/2023 Senate Senate Second Reading Passed - No Amendments
03/07/2023 Senate Senate Committee on Finance Refer Unamended to Senate Committee of the Whole
02/15/2023 Senate Introduced In Senate - Assigned to Finance
02/13/2023 House House Third Reading Passed - No Amendments
02/10/2023 House House Second Reading Special Order - Passed - No Amendments
02/09/2023 House House Committee on Finance Refer Unamended to House Committee of the Whole
01/27/2023 House Introduced In House - Assigned to Finance
Effective Date Chapter # Title Documents
08/07/2023 35 Repeal Of Infrequently Used Tax Expenditures PDF

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