Holding Company Income Tax Combined Report
| Type | Bill |
|---|---|
| Session | 2019 Regular Session |
| Subjects |
Concerning combined reporting by a corporation for Colorado state income tax purposes.
Bill Summary:
Income tax - combined reporting. Two or more corporations controlled by the same interests are required to file a combined report in certain instances for apportioning income for Colorado income tax purposes. The Colorado court of appeals recently interpreted existing law to exclude all holding companies purportedly without property or payroll from combined reports. The act clarifies that only corporations with property and payroll located outside the United States are excluded from a combined report. The act further clarifies when the treatment of the activities of a partnership is treated as the activity of a member of an affiliated group of corporations. The act requires the department of revenue to convene a stakeholder working group to discuss and report on issues related to combined tax reporting.
(Note: This summary applies to this bill as enacted.)
Related Documents & Information
| Date | Version | Documents |
|---|---|---|
| 09/01/2025 | SA1 |
| Activity | Vote | Documents |
|---|---|---|
| Refer Senate Bill 19-233 to the Committee of the Whole. | The motion passed on a vote of 6-5. | Vote summary |
| Activity | Vote | Documents |
|---|---|---|
| Refer Senate Bill 19-233 to the Committee of the Whole. | The motion passed on a vote of 4-3. | Vote summary |
| Activity | Vote | Documents |
|---|
| Date | Calendar | Motion | Vote | Vote Document |
|---|---|---|---|---|
| 05/02/2019 | Third Reading | BILL |
39
AYE
24
NO
2
OTHER
|
Vote record |
| Date | Calendar | Motion | Vote | Vote Document |
|---|---|---|---|---|
| 05/02/2019 | House Amendments | REPASS |
19
AYE
16
NO
0
OTHER
|
Vote record |
| 05/02/2019 | House Amendments | CONCUR |
35
AYE
0
NO
0
OTHER
|
Vote record |
| 04/27/2019 | Third Reading | BILL |
19
AYE
15
NO
1
OTHER
|
Vote record |
| Date | Amendment Number | Committee/ Floor Hearing | Status | Documents |
|---|---|---|---|---|
| 05/01/2019 | L.005 | Second Reading | Passed [**] |
| Date | Location | Action |
|---|---|---|
| 05/31/2019 | Governor | Governor Signed |
| 05/21/2019 | Governor | Sent to the Governor |
| 05/21/2019 | House | Signed by the Speaker of the House |
| 05/21/2019 | Senate | Signed by the President of the Senate |
| 05/02/2019 | Senate | Senate Considered House Amendments - Result was to Concur - Repass |
| 05/02/2019 | House | House Third Reading Passed - No Amendments |
| 05/01/2019 | House | House Second Reading Special Order - Passed with Amendments - Committee, Floor |
| 04/30/2019 | House | House Second Reading Laid Over Daily - No Amendments |
| 04/30/2019 | House | House Committee on Appropriations Refer Unamended to House Committee of the Whole |
| 04/29/2019 | House | Introduced In House - Assigned to Appropriations |
| 04/27/2019 | Senate | Senate Third Reading Passed - No Amendments |
| 04/26/2019 | Senate | Senate Second Reading Passed - No Amendments |
| 04/23/2019 | Senate | Senate Committee on Finance Refer Unamended to Senate Committee of the Whole |
| 04/16/2019 | Senate | Senate Committee on Finance Lay Over Unamended - Amendment(s) Failed |
| 04/02/2019 | Senate | Introduced In Senate - Assigned to Finance |
Prime Sponsor
Sponsor
Co-Sponsor
| Effective Date | Chapter # | Title | Documents |
|---|---|---|---|
| 08/02/2019 | 397 | Holding Company Income Tax Combined Report |