reglab/housing_qa huggingface dataset:
CO Code § 39-21-301 (2021)
2021 Colorado Code|Title 39 - Taxation|Article 21 - Procedure and Administration|Part 3 - Tax Profile and Expenditure Report|§ 39-21-301. Legislative Declaration

  The general assembly hereby finds and declares that:   The general assembly uses both direct expenditure of government funds and special or selective tax relief, which is known as a tax expenditure, to further various public policy goals;    A tax expenditure differs from a direct spending program because a direct spending program continues only if funds are appropriated for each budget period, while the continuation of a tax expenditure generally does not require any legislative action;    In addition, a direct spending program is generally detailed on the expenditure side of the budget, but a tax expenditure is simply included on the revenue side of the budget without itemization;    A tax expenditure should receive a periodic and comprehensive review as to its total cost and effectiveness in achieving its objectives;    It is important that state government be accountable and transparent in such a way that the general public can understand the value of tax expenditures given by the state; and    In the past, the department of revenue has published a Colorado tax profile study, which included a substantial amount of useful information about state and local taxes.       In enacting this part 3, it is the intent of the general assembly to create a means for providing the general assembly and the public with this vital tax-related information in a biennial tax profile and tax expenditure report.    The general assembly must spend its resources wisely and it is beneficial to the state to know whether the tax expenditures that are in place are accomplishing the goals they were intended to meet. In enacting section 39-21-305, it is the intent of the general assembly that the state auditor's evaluation will provide the state with factual evidence of whether the state's tax expenditures achieve the objectives they are intended to achieve, including economic development, assisting beneficiaries, and promoting the health, safety, and welfare of the public, including the business environment. Additionally, it is the intent of the general assembly that the state auditor's evaluation:   Compares the state's tax expenditures with other state's tax expenditures;    Compares the effect of the state's tax expenditures on competition;    Measures the effect of the state's tax expenditures on business and stakeholder needs;    Determines whether the state's tax expenditures are administered efficiently and transparently with defined performance measures that support accountability; and    Analyzes how the state's tax expenditures serve the public's interests by protecting taxpayer dollars and how the state's tax expenditures ensure cost-effectiveness.        History. Source: L. 2011: Entire part added, (SB 11-184), ch. 290, p. 1348, § 3, effective June 3. L. 2016: (3) added, (SB 16-203), ch. 211, p. 816, § 1, effective August 10.
CO Code § 39-21-302 (2021)
2021 Colorado Code|Title 39 - Taxation|Article 21 - Procedure and Administration|Part 3 - Tax Profile and Expenditure Report|§ 39-21-302. Definitions

 As used in this part 3, unless the context otherwise requires:    “Colorado tax profile study 2001” means the “Colorado Tax Profile Study 2001 and Statistics of Income” prepared in May 2004 by the office of research and analysis in the department for the individual income tax returns tax year 2000 and the corporate income tax returns filed in fiscal year 2002. (1.3) “Evaluation report” means the evaluation report that the state auditor is required to prepare pursuant to section 39-21-305 . (1.5) “State auditor” means the state auditor described in section 2-3-102 , C.R.S.    “Tax expenditure” means a tax provision that provides a gross or taxable income definition, deduction, exemption, credit, or rate for certain persons, types of income, transactions, or property that results in reduced tax revenue.    “Tax profile and expenditure report” or “report” means the biennial report that the department is required to prepare pursuant to section 39-21-303 (1).     History. Source: L. 2011: Entire part added, (SB 11-184), ch. 290, p. 1348, § 3, effective June 3. L. 2016: (1.3) and (1.5) added, (SB 16-203), ch. 211, p. 817, § 2, effective August 10.
CO Code § 39-21-304 (2021)
2021 Colorado Code|Title 39 - Taxation|Article 21 - Procedure and Administration|Part 3 - Tax Profile and Expenditure Report|§ 39-21-304. Tax Expenditure - Tax Preference Performance Statement - Tax Expenditure Repeal Requirement

     On and after January 1, 2021, any bill that creates a new tax expenditure or extends an expiring tax expenditure must include a tax preference performance statement as part of a statutory legislative declaration.    If the bill extends an expiring tax expenditure, the bill must either include a tax preference performance statement if one was not earlier included or it must amend, in such a way as to provide updated information, the tax preference performance statement that was included when the tax expenditure was enacted.       The tax preference performance statement must indicate one or more of the following general categories, by reference to the applicable category specified in this subsection (2), as the legislative purpose of the new tax expenditure:   Tax expenditure intended to induce certain designated behavior by taxpayers;    Tax expenditure intended to improve industry competitiveness;    Tax expenditure intended to create or retain jobs;    Tax expenditure intended to reduce structural inefficiencies in the tax structure; or    Tax expenditure intended to provide tax relief for certain businesses or individuals.       In addition to the general category specified in subsection (2) of this section, a tax preference performance statement must also provide detailed information regarding the legislative purpose of the new tax expenditure or of the extension of the expiring tax expenditure. The required detailed information must, at minimum, include clear, relevant, and ascertainable metrics and data requirements that allow the general assembly and the state auditor to measure the effectiveness of the tax expenditure in achieving the purpose designated under this section.    On and after January 1, 2021, any bill that creates a new tax expenditure must include a repeal of the expenditure after a specified period of tax years and any bill that extends an expiring tax expenditure must extend the expenditure for a specified period of tax years. A bill that creates a new tax expenditure or extends an expiring tax expenditure may not establish the tax expenditure for an indefinite period of time.     History. Source: L. 2011: Entire part added, (SB 11-184), ch. 290, p. 1351, § 3, effective June 3. L. 2020: Entire section amended, (SB 20-021), ch. 185, p. 850, § 1, effective September 14.
CO Code § 39-21-401 (2021)
2021 Colorado Code|Title 39 - Taxation|Article 21 - Procedure and Administration|Part 4 - Legislative Oversight Committee Concerning Tax Policy (Effective Until December 31, 2026)|§ 39-21-401. Legislative Declaration

  The general assembly finds and declares that:   In 2000, the general assembly enacted the formation of a temporary commission on taxation for the purpose of reviewing and reporting on the current system of taxation by state and local governments and making recommendations for modifications;    The state of Colorado and its citizens have experienced many changes since the last comprehensive review and analysis of tax policy was completed;    The tax structure of the state and local governments in Colorado has become more complicated and outdated through a long history of incremental and piecemeal modifications made by statutory and constitutional enactments that have resulted in unintended consequences;    These modifications may have resulted in the tax burden for financing government services and programs being borne disproportionately by certain taxpayers and may have diminished Colorado's ability to attract new businesses and retain existing businesses that are vital to the economic well-being of the state and its citizens; and    It is therefore necessary to review the state's current tax policy.       The general assembly further finds and declares that it is necessary to create the legislative oversight committee concerning tax policy and, in addition, establish the committee as the appropriate entity to review the evaluations of tax expenditures that are statutorily completed by the state auditor.     History. Source: L. 2021: Entire part added, (HB 21-1077), ch. 468, p. 3365, § 1, effective July 7.
CO Code § 39-21-402 (2021)
2021 Colorado Code|Title 39 - Taxation|Article 21 - Procedure and Administration|Part 4 - Legislative Oversight Committee Concerning Tax Policy (Effective Until December 31, 2026)|§ 39-21-402. Definitions

 As used in this part 4, unless the context otherwise requires:    “Legislative oversight committee” or “committee” means the legislative oversight committee concerning tax policy established in section 39-21-403.    “Task force” means the task force concerning tax policy established pursuant to section 39-21-404.    “Tax policy” refers to decisions by the state or local governments regarding taxes that have or may be levied, and includes an analysis of the benefits and burdens of the state's overall tax structure with respect to the promotion of certainty, fairness, adequacy, transparency, and administrative ease. The scope of “tax policy” to be considered by the committee and the task force is annually determined by the committee as set forth in section 39-21-403 (2)(b).     History. Source: L. 2021: Entire part added, (HB 21-1077), ch. 468, p. 3366, § 1, effective July 7.
CO Code § 39-21-405 (2021)
2021 Colorado Code|Title 39 - Taxation|Article 21 - Procedure and Administration|Part 4 - Legislative Oversight Committee Concerning Tax Policy (Effective Until December 31, 2026)|§ 39-21-405. Repeal of Part

 This part 4 is repealed, effective December 31, 2026.   History. Source: L. 2021: Entire part added, (HB 21-1077), ch. 468, p. 3373, § 1, effective July 7.
CO Code § 39-22-101 (2021)
2021 Colorado Code|Title 39 - Taxation|Article 22 - Income Tax|Part 1 - General|§ 39-22-101. Short Title

 This article shall be known and may be cited as the “Colorado Income Tax Act of 1987”.   History. Source: L. 87: Entire part R&RE, p. 1426, § 2, effective June 22.    Editor's note:   This section is similar to former § 39-22-101 as it existed prior to 1987.   ANNOTATION   Law reviews. For article, “The Problem of Tax Exempt Property in Colorado”, see 19 Rocky Mt. L. Rev. 22 (1946). For article, “Taxation Aspects of Divorce and Separation”, see 21 Rocky Mt. L. Rev. 397 (1949). For article, “Colorado Income Tax Act of 1964”, see 41 Den. L. Ctr. J. 337 (1964).   Applied in In re Golden State Bank v. Dolan, 37 Colo. App. 29, 543 P.2d 1307 (1975) (decided under law in effect prior to 1987 repeal and reenactment).
CO Code § 39-22-102 (2021)
2021 Colorado Code|Title 39 - Taxation|Article 22 - Income Tax|Part 1 - General|§ 39-22-102. Legislative Declaration

  The general assembly hereby finds, determines, and declares that the purposes of the “Colorado Income Tax Act of 1987” include, but are not limited to:   Simplifying the preparation of state income tax returns;    Aiding in the interpretation of the state income tax law through increased use of federal judicial and administrative determinations and precedents;    Improving the enforcement of the state income tax laws through better use of information obtained from federal income tax audits.        History. Source: L. 87: Entire part R&RE, p. 1426, § 2, effective June 22.    Editor's note:   This section is similar to former § 39-22-101 as it existed prior to 1987.
CO Code § 39-22-104.5 (2021)
2021 Colorado Code|Title 39 - Taxation|Article 22 - Income Tax|Part 1 - General|§ 39-22-104.5. Pretax Payments - Catastrophic Health Insurance

 For income tax years commencing on or after January 1, 1995, amounts withheld from an individual's wages that are used to pay for catastrophic health insurance pursuant to and within the limitations prescribed by section 10-16-116 , C.R.S., are excluded from the individual's federal taxable income for purposes of the state income tax imposed by section 39-22-104 .   History. Source: L. 94: Entire section added, p. 745, § 2, effective January 1, 1995; entire section amended, p. 1651, § 97, effective January 1, 1995. L. 2013: Entire section amended,(HB 13-1266), ch. 217, p. 994, § 69, effective May 13.    Cross references:   For other provisions concerning adjustments to federal taxable income, see § 39-22-104 .
CO Code § 39-22-104.6 (2021)
2021 Colorado Code|Title 39 - Taxation|Article 22 - Income Tax|Part 1 - General|§ 39-22-104.6. Pretax Payments - Medical Savings Accounts

 To the extent a taxpayer is not otherwise claiming deductions on federal income tax returns for contributions to medical savings accounts, amounts withheld from an individual's wages which are contributed to such individual's medical savings account, pursuant to section 39-22-504.7 , are excluded from an individual's federal taxable income for purposes of the state income tax imposed by section 39-22-104 .   History. Source: L. 94: Entire section added, p. 745, § 4, effective January 1, 1995. L. 97: Entire section amended, p. 643, § 10, effective May 1.    Cross references:   For other provisions concerning adjustment to federal taxable income, see § 39-22-104 .
CO Code § 39-22-106 (2021)
2021 Colorado Code|Title 39 - Taxation|Article 22 - Income Tax|Part 1 - General|§ 39-22-106. Colorado Personal Exemptions of a Resident Individual

 A resident individual shall be entitled to a Colorado exemption of zero dollars.   History. Source: L. 87: Entire part R&RE, p. 1430, § 2, effective June 22.    Editor's note:   This section is similar to former § 39-22-114 as it existed prior to 1987.
CO Code § 39-22-107 (2021)
2021 Colorado Code|Title 39 - Taxation|Article 22 - Income Tax|Part 1 - General|§ 39-22-107. Income Tax Filing Status

  If the federal taxable income of two taxpayers may legally be determined on a joint federal return but actually is determined on separate federal returns, such income for purposes of the Colorado income tax shall be separately determined.    If the federal taxable income of two taxpayers is determined on a joint federal return, their tax shall be determined on their joint federal taxable income.    Repealed.     History. Source: L. 87: Entire part R&RE, p. 1430, § 2, effective June 22. L. 88: (3) repealed, p. 1317, § 17, effective May 29. L. 2014: (1) and (2) amended,(SB 14-019), ch. 10, p. 98, § 3, effective February 27.    Editor's note:    This section is similar to former § 39-22-109 as it existed prior to 1987.    Section 9 of chapter 10 (SB 14-019), Session Laws of Colorado 2014, provides that changes to this section by the act apply to income tax years commencing on or after January 1, 2013, and any other income tax years that are open under § 39-21-107 or 39-21-108.
CO Code § 39-22-107.5 (2021)
2021 Colorado Code|Title 39 - Taxation|Article 22 - Income Tax|Part 1 - General|§ 39-22-107.5. Income Tax Filing Status - Innocent Spouse Relief

 In any case in which a taxpayer has been granted relief under section 6015 of the internal revenue code, such taxpayer shall also be granted comparable relief from joint and several liability for the tax imposed under this article and any interest, penalties, and other amounts related to such tax.   History. Source: L. 2001: Entire section added, p. 37, § 1, effective August 8.
CO Code § 39-22-108.5 (2021)
2021 Colorado Code|Title 39 - Taxation|Article 22 - Income Tax|Part 1 - General|§ 39-22-108.5. Dual Resident Trusts - Income Tax Calculation

  With respect to a trust that is a resident of another state and becomes a resident of Colorado after May 25, 2006, and that is subject to income taxes in the other state and in Colorado by virtue of the trust's dual residence, the executive director shall, in lieu of the credit granted in section 39-22-108 (1), allow a credit to the Colorado income tax to be determined in accordance with this section.    The credit amount shall be equal to the Colorado income tax imposed on the portion of the trust's income that is subject to tax in Colorado and the other state, multiplied by a percentage equal to the other state's income tax rate for the income tax year divided by the sum of the income tax rates of Colorado and the other state for the income tax year.    If the credit amount in subsection (2) of this section is computed using more than one other state, the percentage used shall equal the combined total of all the other states' income tax rates for the income tax year divided by the combined income tax rates of Colorado and the other states for the income tax year.    For purposes of this section, “state income tax rate” means the trust's state income tax liability divided by the trust's taxable income used to compute the state income tax liability.    The provisions of section 39-22-108 (3), (4), and (5) shall apply to this section.     History. Source: L. 2006: Entire section added, p. 1163, § 1, effective May 25.
CO Code § 39-22-110 (2021)
2021 Colorado Code|Title 39 - Taxation|Article 22 - Income Tax|Part 1 - General|§ 39-22-110. Apportionment of Tax in the Case of a Part-Year Resident

  In the case of an individual who is a resident of Colorado for part of his taxable year, the tax imposed by section 39-22-104 shall be apportioned in the ratio of that part of his federal adjusted gross income which relates to the period of the year he was a Colorado resident to his total federal adjusted gross income, both modified as provided in section 39-22-104.    A taxpayer filing a part-year resident return shall also file as a nonresident on the same return as provided in section 39-22-109 for the remaining portion of his federal taxable year in the event the taxpayer has income within such remaining portion derived from sources within Colorado, as defined in section 39-22-109 (2).    Repealed.    In determining apportioned federal adjusted gross income which relates to the period of the year a part-year resident was a resident as required in subsection (1) of this section, S corporation income shall be apportioned as provided in section 39-22-326.     History. Source: L. 87: Entire part R&RE, p. 1432, § 2, effective June 22. L. 88: (1) R&RE and (3) repealed, pp. 1314, 1317, §§ 6, 17, effective May 29. L. 92: (4) added, p. 2266, § 5, effective April 16.    Editor's note:   This section is similar to former § 39-22-116 as it existed prior to 1987.
CO Code § 39-22-110.5 (2021)
2021 Colorado Code|Title 39 - Taxation|Article 22 - Income Tax|Part 1 - General|§ 39-22-110.5. Reacquisition of Residency During Active Duty Military Service

  An individual in active duty military service whose home of record is Colorado and whose state of legal residence commencing on or after January 1, 2016, is a state other than Colorado may reacquire legal residence in the state, regardless of whether the individual has a physical presence in the state, if the individual intends to make Colorado his or her state of legal residence. For purposes of this section, evidence of an intent to make this state an individual's state of legal residence must include one or more of the following:   Registering to vote in the state;    Purchasing residential property or an unimproved residential lot in the state;    Titling and registering a motor vehicle in the state;    Notifying the state of the individual's previous legal residence of the intent to make Colorado the individual's state of legal residence; or    Preparing a new last will and testament that indicates Colorado as the individual's state of legal residence.         An individual is presumed to have acquired legal residence in a state other than Colorado for purposes of this section if the individual was stationed in another state while on active duty military service and provides any one of the following:   A state of legal residence certificate, commonly known as a federal “DD Form 2058” or a successor form, signed by the individual indicating the other state as the state of legal residence for the individual;    A federal form W-2 indicating the other state as the state of residence of the individual;    Proof of registration to vote in the other state;    Notification to the state of Colorado of the individual's intent to make the other state the individual's state of legal residence; or    A last will and testament that indicates the other state as the individual's state of legal residence.       If an individual is presumed to have acquired legal residence in a state other than Colorado pursuant to subsection (2)(a) of this section, the presumption may only be overcome with a preponderance of specific evidence that clearly establishes that the individual did not intend to change his or her residence to a state other than Colorado. The presumption shall be liberally construed to conclude that an individual changed his or her residence to a state other than Colorado. Nothing in this section shall be construed to prevent an individual who is not presumed to have a state of legal residence in a state other than Colorado pursuant to subsection (2)(a) of this section from establishing residency in another state by other means.         History. Source: L. 2015: Entire section added,(HB 15-1181), ch. 233, p. 864, § 3, effective August 5. L. 2019: (2) added,(SB 19-029), ch. 34, p. 109, § 1, effective August 2.    Cross references:   For the short title (“Colorado is Honoring Our Military Exemption (Colorado is HOME) Act”) and the legislative declaration in HB 15-1181, see sections 1 and 2 of chapter 233, Session Laws of Colorado 2015.
CO Code § 39-22-111 (2021)
2021 Colorado Code|Title 39 - Taxation|Article 22 - Income Tax|Part 1 - General|§ 39-22-111. Accounting Periods and Methods

  The taxpayer's taxable year under this article shall be the same as his taxable year for federal income tax purposes.    If a taxpayer's taxable year is changed for federal income tax purposes, his taxable year for purposes of this article shall be similarly changed.    The taxpayer's method of accounting under this article shall be the same as his method of accounting for federal income tax purposes.    If a taxpayer's method of accounting is changed for federal income tax purposes, his method of accounting for purposes of this article shall be similarly changed.     History. Source: L. 87: Entire part R&RE, p. 1432, § 2, effective June 22.    Editor's note:   This section is similar to former § 39-22-107 as it existed prior to 1987.