reglab/statecodes huggingface dataset:
2023 Colorado Revised Statutes › Title 39 - TAXATION (§§ 39-1-101 — 39-37-301) › SPECIFIC TAXES (§§ 39-20-101 — 39-37-301) › INCOME TAX (§§ 39-22-101 — 39-22-5508) › Article 22 - Income Tax (§§ 39-22-101 — 39-22-5508) › Part 6 - PROCEDURE AND ADMINISTRATION (§§ 39-22-601 — 39-22-659) › Subpart 2 - REPORTABLE TRANSACTIONS (§§ 39-22-651 — 39-22-659) › Section 39-22-655 - Penalty for failure to disclose a reportable or listed transaction

(1)
(a)
Except as provided in paragraph (b) of this subsection (1), a taxpayer that fails to disclose a reportable transaction as required by section
39-22-653
shall be subject to a penalty of up to fifteen thousand dollars.
(b)
A taxpayer that fails to disclose a listed transaction as required by section
39-22-653
shall be subject to a penalty of up to fifty thousand dollars.
(2)
Any penalty imposed by this section shall be in addition to any other penalty imposed by articles
21
and 22 of this title.
(3)
For purposes of this section, if two or more members of the same combined report or consolidated return participate in the same reportable or listed transaction, the penalty imposed by subsection (1) of this section shall only be imposed once on the combined report or consolidated return.
L. 2009: Entire section added, (HB 09-1093), ch. 75, p. 273, §4, effective April 2.
2023 Colorado Revised Statutes › Title 39 - TAXATION (§§ 39-1-101 — 39-37-301) › SPECIFIC TAXES (§§ 39-20-101 — 39-37-301) › INCOME TAX (§§ 39-22-101 — 39-22-5508) › Article 22 - Income Tax (§§ 39-22-101 — 39-22-5508) › Part 6 - PROCEDURE AND ADMINISTRATION (§§ 39-22-601 — 39-22-659) › Subpart 2 - REPORTABLE TRANSACTIONS (§§ 39-22-651 — 39-22-659) › Section 39-22-656 - Material advisor - disclosure of reportable or listed transactions

(1)
(a)
A material advisor shall disclose any reportable or listed transaction to the department on a form provided by the department within six months of each transaction.
(b)
The disclosure described in paragraph (a) of this subsection (1) shall include information identifying and describing the reportable or listed transaction and any potential tax benefits expected to result from the transaction, and the disclosure may include other information as required by the department by rules promulgated in accordance with section
39-21-112(1)
.
(2)
If a material advisor is required to file an income tax return disclosing a reportable transaction under section 6111 of the internal revenue code, the material advisor shall provide the department with a copy of the income tax return.
L. 2009: Entire section added, (HB 09-1093), ch. 75, p. 274, §4, effective April 2.
2023 Colorado Revised Statutes › Title 39 - TAXATION (§§ 39-1-101 — 39-37-301) › SPECIFIC TAXES (§§ 39-20-101 — 39-37-301) › INCOME TAX (§§ 39-22-101 — 39-22-5508) › Article 22 - Income Tax (§§ 39-22-101 — 39-22-5508) › Part 6 - PROCEDURE AND ADMINISTRATION (§§ 39-22-601 — 39-22-659) › Subpart 2 - REPORTABLE TRANSACTIONS (§§ 39-22-651 — 39-22-659) › Section 39-22-657 - Material advisor - maintenance of list

(1)
For each reportable or listed transaction, a material advisor shall maintain a list of the persons to which the material advisor provides material aid, assistance, or advice with respect to organizing, managing, promoting, selling, implementing, insuring, or carrying out a reportable or listed transaction.
(2)
The list required by subsection (1) of this section shall include:
(a)
The name of each person described in subsection (1) of this section that is doing business in this state, a member of a Colorado combined group, or a member of an affiliated group as defined in section 1504 of the internal revenue code that includes a taxpayer doing business in this state;
(b)
The same information required to be contained in the list described in
26 CFR 301.6112-1
; and
(c)
Any additional information required by the department by rules promulgated in accordance with section
39-21-112(1)
.
(3)
The list required by subsection (1) of this section shall be maintained in the same form and manner as the list described in
26 CFR 301.6112-1
.
(4)
A material advisor required to maintain a list under subsection (1) of this section shall:
(a)
Make the list available to the department upon written request by the department; and
(b)
Retain the information that is required to be included on the list for seven years from the date that the information is included.
(5)
The department shall promulgate rules in accordance with section
39-21-112(1)
establishing procedures to implement this section.
L. 2009: Entire section added, (HB 09-1093), ch. 75, p. 274, §4, effective April 2.
2023 Colorado Revised Statutes › Title 39 - TAXATION (§§ 39-1-101 — 39-37-301) › SPECIFIC TAXES (§§ 39-20-101 — 39-37-301) › INCOME TAX (§§ 39-22-101 — 39-22-5508) › Article 22 - Income Tax (§§ 39-22-101 — 39-22-5508) › Part 6 - PROCEDURE AND ADMINISTRATION (§§ 39-22-601 — 39-22-659) › Subpart 2 - REPORTABLE TRANSACTIONS (§§ 39-22-651 — 39-22-659) › Section 39-22-658 - Material advisor - penalties

(1)
The penalty for the failure of a material advisor to disclose a reportable or listed transaction as required by section
39-22-656(1)(a)
shall be up to twenty thousand dollars.
(2)
If a material advisor that is required to disclose a reportable or listed transaction in accordance with section
39-22-656(1)(a)
provides false or incomplete information to the department, then an additional penalty shall be imposed of up to twenty thousand dollars.
(3)
If a material advisor that is required to maintain a list under section
39-22-657(1)
fails to make that list available to the department within a twenty-day period after the day on which the department mails a written request for that list, the material advisor shall be subject to a penalty of ten thousand dollars for each day that the material advisor fails to make that list available to the department after the expiration of the twenty-day period.
(4)
A penalty imposed by this section shall be in addition to any other penalty imposed by articles
21
and 22 of this title.
L. 2009: Entire section added, (HB 09-1093), ch. 75, p. 275, §4, effective April 2.
2023 Colorado Revised Statutes › Title 39 - TAXATION (§§ 39-1-101 — 39-37-301) › SPECIFIC TAXES (§§ 39-20-101 — 39-37-301) › INCOME TAX (§§ 39-22-101 — 39-22-5508) › Article 22 - Income Tax (§§ 39-22-101 — 39-22-5508) › Part 6 - PROCEDURE AND ADMINISTRATION (§§ 39-22-601 — 39-22-659) › Subpart 2 - REPORTABLE TRANSACTIONS (§§ 39-22-651 — 39-22-659) › Section 39-22-659 - Waiver, reduction, or compromise of penalty for reasonable cause

Upon making a record of its actions, and upon reasonable cause shown, the department may waive, reduce, or compromise a penalty imposed by this subpart 2.
L. 2009: Entire section added, (HB 09-1093), ch. 75, p. 275, §4, effective April 2.
2023 Colorado Revised Statutes › Title 39 - TAXATION (§§ 39-1-101 — 39-37-301) › SPECIFIC TAXES (§§ 39-20-101 — 39-37-301) › INCOME TAX (§§ 39-22-101 — 39-22-5508) › Article 22 - Income Tax (§§ 39-22-101 — 39-22-5508) › Part 7 - COLORADO NONGAME CONSERVATION AND WILDLIFE RESTORATION VOLUNTARY CONTRIBUTION (§§ 39-22-701 — 39-22-704) › Section 39-22-701 - Legislative declaration

(1)
(a)
The general assembly hereby declares that wildlife species that are endangered, threatened with extinction, or not commonly pursued, killed, or consumed either for sport or profit, referred to in this part 7 as "nongame and endangered wildlife", have need of special protection and that it is in the public interest to preserve, protect, perpetuate, and enhance nongame and endangered wildlife resources of this state through preservation of a satisfactory environment and an ecological balance. The general assembly specifically recognizes that such nongame and endangered wildlife includes protected wildlife, endangered and threatened wildlife, aquatic wildlife, specialized habitat wildlife, both terrestrial and aquatic types, and mollusks, crustaceans, and other invertebrates under the jurisdiction of the division of parks and wildlife.
(b)
The general assembly further declares that wildlife rehabilitation helps Colorado's game and nongame and endangered wildlife species survive and represents responsible stewardship for the animals in need of assistance. The general assembly recognizes that little public or private funding or formal support exists to finance wildlife rehabilitation, and therefore wildlife rehabilitators provide their services free of charge. Because they perform a vital public service, providing a method by which some rehabilitators' activities may be funded or expenses defrayed is in the public interest.
(2)
This part 7 is enacted to provide a means by which the conservation and restoration of wildlife in the state may be financed through a voluntary contribution designation on state income tax return forms. The intent of the general assembly is that this program is supplemental to any funding and in no way is intended to supplant funding that would otherwise be appropriated for this purpose.
L. 77: Entire part added, p. 1807, § 1, effective 1/1/1978. L. 84: Entire section amended, p. 1019, § 1, effective April 5. L. 2017: Entire part amended, (HB 17-1250), ch. 362, p. 1893, § 1, effective August 9.
2023 Colorado Revised Statutes › Title 39 - TAXATION (§§ 39-1-101 — 39-37-301) › SPECIFIC TAXES (§§ 39-20-101 — 39-37-301) › INCOME TAX (§§ 39-22-101 — 39-22-5508) › Article 22 - Income Tax (§§ 39-22-101 — 39-22-5508) › Part 7 - COLORADO NONGAME CONSERVATION AND WILDLIFE RESTORATION VOLUNTARY CONTRIBUTION (§§ 39-22-701 — 39-22-704) › Section 39-22-702 - Voluntary contribution designation - procedure

For income tax years commencing on or after January 1, 2017, the executive director shall ensure that each Colorado state individual income tax return form contains a line whereby each individual taxpayer may designate the amount of the contribution, if any, the individual wishes to make to the Colorado nongame conservation and wildlife restoration cash fund created in section
33-1-125
.
Amended by 2022 Ch. 295, § 1, eff. 8/10/2022.
L. 77: Entire part added, p. 1808, § 1, effective 1/1/1978. L. 79: (1) amended, p. 1459, § 1, effective June 21. L. 83: Entire section amended, p. 1528, § 1, effective April 21. L. 84: Entire section R&RE, p. 1019, § 2, effective April 5. L. 90: Entire section amended, p. 1738, § 1, effective April 3. L. 2006: Entire section amended, p. 1155, § 1, effective August 7. L. 2009: Entire section amended, (HB 09 -1294), ch. 171, p. 770, § 1, effective April 22. L. 2012: Entire section amended, (HB 12-1050), ch. 20, p. 54, § 1, effective August 8. L. 2017: Entire part amended, (HB 17-1250), ch. 362, p. 1894, § 1, effective August 9.
2022 Ch. 295, was passed without a safety clause. See Colo. Const. art. V, § 1(3).
2023 Colorado Revised Statutes › Title 39 - TAXATION (§§ 39-1-101 — 39-37-301) › SPECIFIC TAXES (§§ 39-20-101 — 39-37-301) › INCOME TAX (§§ 39-22-101 — 39-22-5508) › Article 22 - Income Tax (§§ 39-22-101 — 39-22-5508) › Part 7 - COLORADO NONGAME CONSERVATION AND WILDLIFE RESTORATION VOLUNTARY CONTRIBUTION (§§ 39-22-701 — 39-22-704) › Section 39-22-703 - Contributions credited to Colorado nongame conservation and wildlife restoration cash fund - administration - transfer

(1)
The department of revenue shall determine annually the total amount of voluntary contributions designated pursuant to section
39-22-702
and shall report the amount to the state treasurer, who shall credit that amount to the Colorado nongame conservation and wildlife restoration cash fund created in section
33-1-125
. The general assembly shall appropriate annually from the Colorado nongame conservation and wildlife restoration cash fund to the department of revenue its costs of administering the moneys designated as contributions to the fund. After subtracting the appropriation to the department, all designated moneys in the fund are hereby continuously appropriated for the purposes of this part 7 and section
33-1-125
. At the end of each fiscal year, the state treasurer shall transfer all designated moneys in the fund and all interest earned through the investment of fund moneys, after subtracting the appropriation to the department of revenue, as specified in section
33-1-125
.
(2)
Repealed.
L. 77: Entire part added, p. 1808, § 1, effective 1/1/1978. L. 79: Entire section amended, p. 1459, § 2, effective June 21. L. 85: (2) amended, p. 1277, § 1, effective June 2. L. 90: (1), IP(2), and (2)(a) amended, p. 1738, § 2, effective April 3. L. 92: (2)(c) repealed, p. 1068, § 3, effective March 16. L. 94: (1) amended, p. 1735, § 3, effective 1/1/1995. L. 2002: (2)(a) amended, p. 863, § 7, effective August 7. L. 2004: (1) amended, p. 1210, § 93, effective August 4. L. 2017: Entire part amended, (HB 17-1250), ch. 362, p. 1894, § 1, effective August 9.
Subsection (2)(b) provided for the repeal of subsection (2), effective January 1, 2019. (See L. 2017, p. 1894.)
2023 Colorado Revised Statutes › Title 39 - TAXATION (§§ 39-1-101 — 39-37-301) › SPECIFIC TAXES (§§ 39-20-101 — 39-37-301) › INCOME TAX (§§ 39-22-101 — 39-22-5508) › Article 22 - Income Tax (§§ 39-22-101 — 39-22-5508) › Part 7 - COLORADO NONGAME CONSERVATION AND WILDLIFE RESTORATION VOLUNTARY CONTRIBUTION (§§ 39-22-701 — 39-22-704) › Section 39-22-704 - Repeal of part

This part 7 is repealed, effective January 1 of the income tax year following the year in which the executive director files written certification with the revisor of statues that the Colorado nongame conservation and wildlife restoration voluntary contribution will no longer appear on the individual income tax return form due to a failure to meet the requirements of section
39-22-1001 (5)(a)
.
Amended by 2022 Ch. 295, § 2, eff. 8/10/2022.
L. 77: Entire part added, p. 1808, § 1, effective 1/1/1978. L. 83: Entire section amended, p. 1528, § 2, effective April 21. L. 84: Entire section amended, p. 1020, § 3, effective April 5. L. 87: Entire section amended, p. 1459, § 1, effective May 8. L. 90: Entire section amended, p. 1739, § 3, effective April 3. L. 95: Entire section amended, p. 122, § 1, effective March 31. L. 2006: Entire section amended, p.1155, § 2, effective August 7. L. 2009: Entire section amended, (HB 09 -1294), ch. 171, p. 770, § 2, effective April 22. L. 2012: Entire section amended, (HB 12-1050), ch. 20, p. 54, § 2, effective August 8. L. 2017: Entire part amended, (HB 17-1250), ch. 362, p. 1895, § 1, effective August 9.
2022 Ch. 295, was passed without a safety clause. See Colo. Const. art. V, § 1(3).
2023 Colorado Revised Statutes › Title 39 - TAXATION (§§ 39-1-101 — 39-37-301) › SPECIFIC TAXES (§§ 39-20-101 — 39-37-301) › INCOME TAX (§§ 39-22-101 — 39-22-5508) › Article 22 - Income Tax (§§ 39-22-101 — 39-22-5508) › Part 8 - DOMESTIC ABUSE PROGRAM VOLUNTARY CONTRIBUTION (§§ 39-22-801 — 39-22-803) › Section 39-22-801 - Voluntary contribution designation - procedure

For income tax years commencing on or after January 1, 2010, the Colorado state individual income tax return form must contain a line whereby each individual taxpayer may designate the amount of the contribution, if any, the taxpayer wishes to make to the Colorado domestic abuse program fund created in section
39-22-802
.
Amended by 2020 Ch. 243,§ 2, eff. 9/14/2020.
L. 2000: Entire part RC&RE, p. 1013, § 7, effective July 1; entire part RC&RE, p. 1866, § 91, effective August 2. L. 2006: Entire section amended, p.1157, § 1, effective August 7. L. 2010: Entire section amended, (SB 10-172), ch. 671, p. 671, § 1, effective August 11. L. 2020: Entire section amended, (SB 20-208), ch. 1168, p. 1168, § 2, effective September 14.
2023 Colorado Revised Statutes › Title 39 - TAXATION (§§ 39-1-101 — 39-37-301) › SPECIFIC TAXES (§§ 39-20-101 — 39-37-301) › INCOME TAX (§§ 39-22-101 — 39-22-5508) › Article 22 - Income Tax (§§ 39-22-101 — 39-22-5508) › Part 8 - DOMESTIC ABUSE PROGRAM VOLUNTARY CONTRIBUTION (§§ 39-22-801 — 39-22-803) › Section 39-22-802 - Contributions credited to Colorado domestic abuse program fund - creation - appropriation

(1)
The department of revenue shall determine annually the total amount designated pursuant to section
39-22-801
and shall report such amount to the state treasurer. The state treasurer shall credit such amount to the Colorado domestic abuse program fund, a cash fund hereby established in the state treasury. The controller, upon presentation of vouchers properly drawn and signed by the executive director of the department of human services, pursuant to section
26-7.5-105
, shall issue warrants drawn on the Colorado domestic abuse program fund. All money in the Colorado domestic abuse program fund at the end of a fiscal year, after appropriations made pursuant to subsection (3) of this section, shall remain in the fund to be used for the purposes set forth in article
7.5
of title
26
and shall not revert to the general fund. Any interest derived from the deposit and investment of money in the fund shall remain in the fund to be used for the purposes of article
7.5
of title
26
, except as otherwise provided in section
24-75-226(4)(c)(II)
.
(2)
The executive director of the department of human services shall sign vouchers to draw on the Colorado domestic abuse program fund exclusively for the purpose of exercising his authority under section
26-7.5-104
, C.R.S.
(3)
The general assembly shall appropriate annually from the Colorado domestic abuse program fund:
(a)
To the department of human services such amount as is necessary for carrying out the purposes set forth in article
7.5
of title
26
, C.R.S., including the department's administrative costs in connection therewith;
(b)
To the department of revenue its costs of administering the income tax refunds designated as contributions to the fund.
(4)
Notwithstanding any provision of subsection (1) of this section to the contrary, on June 30, 2011, the state treasurer shall deduct two hundred thousand dollars from the Colorado domestic abuse program fund and transfer such sum to the general fund. The transfer required by this subsection (4) shall be from moneys deposited in the Colorado domestic abuse program fund that were generated from fees collected pursuant to sections
13-32-101(1)(a) and (1)(b)
and
14-2-106(1)(a)
, C.R.S., and such transfer shall not include any moneys that were voluntary contributions received pursuant to section
39-22-801
.
Amended by 2022 Ch. 137, § 15, eff. 4/25/2022.
L. 2000: Entire part RC&RE, p. 1013, § 7, effective July 1; entire part RC&RE, p. 1866, § 91, effective August 2. L. 2002: (1) amended, p. 863, § 8, effective August 7. L. 2011: (4) added, (SB 11 -164), ch. 33, p. 94, § 8, effective March 18.
2023 Colorado Revised Statutes › Title 39 - TAXATION (§§ 39-1-101 — 39-37-301) › SPECIFIC TAXES (§§ 39-20-101 — 39-37-301) › INCOME TAX (§§ 39-22-101 — 39-22-5508) › Article 22 - Income Tax (§§ 39-22-101 — 39-22-5508) › Part 8 - DOMESTIC ABUSE PROGRAM VOLUNTARY CONTRIBUTION (§§ 39-22-801 — 39-22-803) › Section 39-22-803 - Repeal of part

This part 8 is repealed, effective January 1 of the income tax year following the year in which the executive director files written certification with the revisor of statutes that the Colorado domestic abuse program fund voluntary contribution will no longer appear on the individual income tax return form due to a failure to meet the requirements of section
39-22-1001(5)(a)
.
Amended by 2020 Ch. 243,§ 3, eff. 9/14/2020.
L. 2000: Entire part RC&RE, p. 1013, § 7, effective July 1; entire part RC&RE, p. 1866, § 91, effective August 2. L. 2006: Entire section amended, p. 1157, § 2, effective August 7. L. 2010: Entire section amended, (SB 10-172), ch. 671, p. 671, § 2, effective August 11. L. 2020: Entire section amended, (SB 20-208), ch. 1168, p. 1168, § 3, effective September 14.
The revisor of statutes received the written certification referred to in this section on November 1, 2020.
2023 Colorado Revised Statutes › Title 39 - TAXATION (§§ 39-1-101 — 39-37-301) › SPECIFIC TAXES (§§ 39-20-101 — 39-37-301) › INCOME TAX (§§ 39-22-101 — 39-22-5508) › Article 22 - Income Tax (§§ 39-22-101 — 39-22-5508) › Part 9 - [Repealed] (§ 39-22-901) › Section 39-22-901 - to 39-22-903 - [Repealed]

(1) This part 9 was added in 1983, repealed in 1986, recreated and reenacted in 1988, and repealed in 2006.
(2) Section 39-22-903(1) provided for the repeal of this part 9, effective January 1, 2006. (See L. 2002, p. 443.)
2023 Colorado Revised Statutes › Title 39 - TAXATION (§§ 39-1-101 — 39-37-301) › SPECIFIC TAXES (§§ 39-20-101 — 39-37-301) › INCOME TAX (§§ 39-22-101 — 39-22-5508) › Article 22 - Income Tax (§§ 39-22-101 — 39-22-5508) › Part 11 - COLORADO VETERANS' MEMORIAL FUND VOLUNTARY CONTRIBUTION (§§ 39-22-1101 — 39-22-1102) › Section 39-22-1101 - [Repealed]

L. 88: Entire part added, p. 1323, § 1, effective April 29.
Subsection (2) provided for the repeal of this section, effective January 1, 1989. (See L. 88, p. 1323.)
2023 Colorado Revised Statutes › Title 39 - TAXATION (§§ 39-1-101 — 39-37-301) › SPECIFIC TAXES (§§ 39-20-101 — 39-37-301) › INCOME TAX (§§ 39-22-101 — 39-22-5508) › Article 22 - Income Tax (§§ 39-22-101 — 39-22-5508) › Part 11 - COLORADO VETERANS' MEMORIAL FUND VOLUNTARY CONTRIBUTION (§§ 39-22-1101 — 39-22-1102) › Section 39-22-1102 - [Repealed]

L. 88: Entire part added, p. 1323, § 1, effective April 29.
Subsection (4) provided for the repeal of this section, effective January 1, 1989. (See L. 88, p. 1323.)
2023 Colorado Revised Statutes › Title 39 - TAXATION (§§ 39-1-101 — 39-37-301) › SPECIFIC TAXES (§§ 39-20-101 — 39-37-301) › INCOME TAX (§§ 39-22-101 — 39-22-5508) › Article 22 - Income Tax (§§ 39-22-101 — 39-22-5508) › Part 12 - SPECIAL RESERVE FUND FOR PAYMENT OF CERTAIN REFUNDS (§ 39-22-1201) › Section 39-22-1201 - [Repealed]

L. 89: Entire part added, p. 1505, § 2, effective June 10. L. 90: (4) amended and (5) added, p. 1150, § 2, effective May 8. L. 92: Entire section amended, p. 2197, §1, effective February 25.
Subsection (7) provided for the repeal of this section, effective March 1, 1992. (See L. 92, p. 2197.)
2023 Colorado Revised Statutes › Title 39 - TAXATION (§§ 39-1-101 — 39-37-301) › SPECIFIC TAXES (§§ 39-20-101 — 39-37-301) › INCOME TAX (§§ 39-22-101 — 39-22-5508) › Article 22 - Income Tax (§§ 39-22-101 — 39-22-5508) › Part 13 - HOMELESS PREVENTION ACTIVITIES PROGRAM FUND - VOLUNTARY CONTRIBUTION (§§ 39-22-1301 — 39-22-1303) › Section 39-22-1301 - Voluntary contribution designation - procedure

For income tax years commencing on or after January 1, 1989, each Colorado state individual income tax return form shall contain a line whereby each individual taxpayer may designate the amount of the contribution, if any, he wishes to make to the homeless prevention activities program fund.
L. 89: Entire part added, p. 1228, § 2, effective July 1. L. 91: Entire section amended, p. 1947, § 5, effective April 17. L. 94: Entire section amended, p. 726, § 1, effective April 19.
2023 Colorado Revised Statutes › Title 39 - TAXATION (§§ 39-1-101 — 39-37-301) › SPECIFIC TAXES (§§ 39-20-101 — 39-37-301) › INCOME TAX (§§ 39-22-101 — 39-22-5508) › Article 22 - Income Tax (§§ 39-22-101 — 39-22-5508) › Part 13 - HOMELESS PREVENTION ACTIVITIES PROGRAM FUND - VOLUNTARY CONTRIBUTION (§§ 39-22-1301 — 39-22-1303) › Section 39-22-1302 - Contributions credited to homeless prevention activities program fund - creation - appropriation

(1)
The department of revenue shall determine annually the total amount designated pursuant to section
39-22-1301
and shall report such amount to the state treasurer. The state treasurer shall credit such amount to the homeless prevention activities program fund, a cash fund hereby established in the state treasury. All moneys in the homeless prevention activities program fund at the end of a fiscal year, after appropriations made pursuant to subsection (3) of this section, are designated for the purposes set forth in article
7.8
of title
26
, C.R.S., and shall not revert to the general fund. Any interest earned on moneys in the fund shall remain in the fund to be used for the purposes of article
7.8
of title
26
, C.R.S. At the end of each fiscal year, the state treasurer shall transfer all designated moneys in the fund and all interest earned through the investment of fund moneys to the division of housing within the department of local affairs created in section
24-32-704
, C.R.S., for distribution as directed by the advisory committee pursuant to article
7.8
of title
26
, C.R.S.
(2)
(Deleted by amendment, L. 91, p. 1947, § 6, effective April 17, 1991.)
(3)
The general assembly shall appropriate annually from the homeless prevention activities program fund:
(a)
(Deleted by amendment, L. 91, p. 1947, § 6, effective April 17, 1991.)
(b)
To the department of revenue its costs of administering the income tax refunds designated as contributions to the fund.
(c)
Repealed.
(4)
The amount of administrative and indirect costs assessed under this section shall be based on the number of FTE allocated by each department referenced in this section for the administration of this part 13, expressed as a percentage of the total FTE of that department. In no case shall the administrative and indirect costs assessed exceed this percentage.
(5)
The division of housing within the department of local affairs created in section
24-32-704
, C.R.S., is authorized to spend up to five percent of all voluntary contributions to the homeless prevention activities program fund or fifteen thousand dollars, whichever is greater, for costs incurred in administering such program.
L. 89: Entire part added, p. 1228, § 2, effective July 1. L. 91: Entire section amended, p. 1947, § 6, effective April 17. L. 92: (3)(c) repealed, p. 1068, § 6, effective March 16; (5) added, p. 2145, § 3, effective March 25. L. 2002: (1) amended, p. 864, § 9, effective August 7. L. 2012: (1) and (5) amended, (SB 12-158), ch. 151, p. 545, § 7, effective May 3.
2023 Colorado Revised Statutes › Title 39 - TAXATION (§§ 39-1-101 — 39-37-301) › SPECIFIC TAXES (§§ 39-20-101 — 39-37-301) › INCOME TAX (§§ 39-22-101 — 39-22-5508) › Article 22 - Income Tax (§§ 39-22-101 — 39-22-5508) › Part 13 - HOMELESS PREVENTION ACTIVITIES PROGRAM FUND - VOLUNTARY CONTRIBUTION (§§ 39-22-1301 — 39-22-1303) › Section 39-22-1303 - [Repealed]

L. 89: Entire part added, p. 1229, § 2, effective July 1. L. 91: Entire section amended, p. 1948, § 7, effective April 17. L. 94: Entire section repealed, p. 727, § 3, effective April 19.
2023 Colorado Revised Statutes › Title 39 - TAXATION (§§ 39-1-101 — 39-37-301) › SPECIFIC TAXES (§§ 39-20-101 — 39-37-301) › INCOME TAX (§§ 39-22-101 — 39-22-5508) › Article 22 - Income Tax (§§ 39-22-101 — 39-22-5508) › Part 14 - OPERATION DESERT STORM ACTIVE DUTY MILITARY VOLUNTARY CONTRIBUTION (§§ 39-22-1401 — 39-22-1403) › Section 39-22-1401 - [Repealed]

L. 91: Entire part added, p. 2000, § 4, effective May 1.
Subsection (2) provided for the repeal of this section, effective March 15, 1994. (See L. 91, p. 2000.)
2023 Colorado Revised Statutes › Title 39 - TAXATION (§§ 39-1-101 — 39-37-301) › SPECIFIC TAXES (§§ 39-20-101 — 39-37-301) › INCOME TAX (§§ 39-22-101 — 39-22-5508) › Article 22 - Income Tax (§§ 39-22-101 — 39-22-5508) › Part 14 - OPERATION DESERT STORM ACTIVE DUTY MILITARY VOLUNTARY CONTRIBUTION (§§ 39-22-1401 — 39-22-1403) › Section 39-22-1402 - [Repealed]

L. 91: Entire part added, p. 2000, § 4, effective May 1. L. 92: (3)(b) repealed, p. 1068, § 7, effective March 16.
Subsection (4) provided for the repeal of this section, effective June 15, 1994. (See L. 91, p. 2000.)
2023 Colorado Revised Statutes › Title 39 - TAXATION (§§ 39-1-101 — 39-37-301) › SPECIFIC TAXES (§§ 39-20-101 — 39-37-301) › INCOME TAX (§§ 39-22-101 — 39-22-5508) › Article 22 - Income Tax (§§ 39-22-101 — 39-22-5508) › Part 14 - OPERATION DESERT STORM ACTIVE DUTY MILITARY VOLUNTARY CONTRIBUTION (§§ 39-22-1401 — 39-22-1403) › Section 39-22-1403 - [Repealed]

L. 91: Entire part added, p. 2001, § 4, effective May 1. L. 2004: Entire section repealed, p. 218, § 42, effective August 4.
2023 Colorado Revised Statutes › Title 39 - TAXATION (§§ 39-1-101 — 39-37-301) › SPECIFIC TAXES (§§ 39-20-101 — 39-37-301) › INCOME TAX (§§ 39-22-101 — 39-22-5508) › Article 22 - Income Tax (§§ 39-22-101 — 39-22-5508) › Part 15 - [Repealed] (§ 39-22-1501) › Section 39-22-1501 - to 39-22-1504 - [Repealed]

(1) This part 15 was added in 1993.
(2) Section 39-22-1504 provided for the repeal of this part 15, effective January 1, 2000. (See L. 99, p. 1097.)
2023 Colorado Revised Statutes › Title 39 - TAXATION (§§ 39-1-101 — 39-37-301) › SPECIFIC TAXES (§§ 39-20-101 — 39-37-301) › INCOME TAX (§§ 39-22-101 — 39-22-5508) › Article 22 - Income Tax (§§ 39-22-101 — 39-22-5508) › Part 16 - [Repealed] (§ 39-22-1601) › Section 39-22-1601 - to 39-22-1604 - [Repealed]

(1) This part 16 was added in 1996.
(2) Section 39-22-1604 provided for the repeal of this part 16, effective January 1, 2000. (See L. 96, p. 1569.)
2023 Colorado Revised Statutes › Title 39 - TAXATION (§§ 39-1-101 — 39-37-301) › SPECIFIC TAXES (§§ 39-20-101 — 39-37-301) › INCOME TAX (§§ 39-22-101 — 39-22-5508) › Article 22 - Income Tax (§§ 39-22-101 — 39-22-5508) › Part 17 - [Repealed] (§ 39-22-1701) › Section 39-22-1701 - to 39-22-1705 - [Repealed]

(1) This part 17 was added in 1996.
(2) Section 39-22-1705(1) provided for the repeal of this part 17, effective January 1, 2010. (See L. 99, p. 307.)
2023 Colorado Revised Statutes › Title 39 - TAXATION (§§ 39-1-101 — 39-37-301) › SPECIFIC TAXES (§§ 39-20-101 — 39-37-301) › INCOME TAX (§§ 39-22-101 — 39-22-5508) › Article 22 - Income Tax (§§ 39-22-101 — 39-22-5508) › Part 18 - SPECIAL OLYMPICS COLORADO VOLUNTARY CONTRIBUTION (§§ 39-22-1801 — 39-22-1804) › Section 39-22-1801 - Legislative declaration

The general assembly hereby finds, determines, and declares that Special Olympics Colorado provides children and adults with developmental disabilities with a unique opportunity to build confidence and social skills through athletic competition. The general assembly recognizes that Special Olympics Colorado benefits all Coloradans by helping children and adults with developmental disabilities successfully integrate into society and become useful and productive citizens. The general assembly further recognizes that citizens of Colorado would be willing to provide additional funds to the Special Olympics Colorado program if given the opportunity. Therefore, the general assembly has enacted this part 18 to provide funding to the Special Olympics Colorado program through voluntary contributions on state individual income tax returns.
L. 2013: Entire part RC&RE, (HB 13-1237), ch. 133, p. 440, § 1, effective August 7.
2023 Colorado Revised Statutes › Title 39 - TAXATION (§§ 39-1-101 — 39-37-301) › SPECIFIC TAXES (§§ 39-20-101 — 39-37-301) › INCOME TAX (§§ 39-22-101 — 39-22-5508) › Article 22 - Income Tax (§§ 39-22-101 — 39-22-5508) › Part 18 - SPECIAL OLYMPICS COLORADO VOLUNTARY CONTRIBUTION (§§ 39-22-1801 — 39-22-1804) › Section 39-22-1802 - Voluntary contribution designation - procedure - effective date

For income tax years commencing on or after January 1, 2019, the Colorado state individual income tax return form must contain a line whereby each individual taxpayer may designate the amount of the contribution, if any, the taxpayer wishes to make to the Special Olympics Colorado fund created in section
39-22-1803
.
Amended by 2020 Ch. 243,§ 4, eff. 9/14/2020.
L. 2013: Entire part RC&RE, (HB 13-1237), ch. 133, p. 440, § 1, effective August 7.
Pursuant to section
39-22-1001(8)(b)
, the executive director of the department of revenue certified to the revisor of statutes on November 1, 2015, that the voluntary contribution for the Special Olympics Colorado fund was added to the state income tax return form beginning January 1, 2016.
2023 Colorado Revised Statutes › Title 39 - TAXATION (§§ 39-1-101 — 39-37-301) › SPECIFIC TAXES (§§ 39-20-101 — 39-37-301) › INCOME TAX (§§ 39-22-101 — 39-22-5508) › Article 22 - Income Tax (§§ 39-22-101 — 39-22-5508) › Part 18 - SPECIAL OLYMPICS COLORADO VOLUNTARY CONTRIBUTION (§§ 39-22-1801 — 39-22-1804) › Section 39-22-1803 - Contributions credited to the Special Olympics Colorado fund - creation - appropriation

(1)
The department of revenue shall determine annually the total amount designated pursuant to section
39-22-1802
and shall report such amount to the state treasurer. The state treasurer shall credit such amount to the Special Olympics Colorado fund, which fund is hereby created in the state treasury. At the end of each fiscal year, the state treasurer shall transfer all designated moneys in the fund and all interest derived from the deposit and investment of such moneys to Special Olympics Colorado. All interest derived from the deposit and investment of moneys in the fund shall be credited to the fund.
(2)
Special Olympics Colorado shall use moneys received pursuant to subsection (1) of this section only for equipment, training, competitions, and awards for participants in the Special Olympics Colorado program.
L. 2013: Entire part RC&RE, (HB 13-1237), ch. 133, p. 441, § 1, effective August 7.
2023 Colorado Revised Statutes › Title 39 - TAXATION (§§ 39-1-101 — 39-37-301) › SPECIFIC TAXES (§§ 39-20-101 — 39-37-301) › INCOME TAX (§§ 39-22-101 — 39-22-5508) › Article 22 - Income Tax (§§ 39-22-101 — 39-22-5508) › Part 18 - SPECIAL OLYMPICS COLORADO VOLUNTARY CONTRIBUTION (§§ 39-22-1801 — 39-22-1804) › Section 39-22-1804 - Repeal of part

This part 18 is repealed, effective January 1 of the income tax year following the year in which the executive director files written certification with the revisor of statutes that the Special Olympics Colorado fund voluntary contribution will no longer appear on the individual income tax return form due to a failure to meet the requirements of section
39-22-1001(5)(a)
.
Amended by 2020 Ch. 243,§ 5, eff. 9/14/2020.
L. 2013: Entire part RC&RE, (HB 13-1237), ch. 133, p. 441, § 1, effective August 7.
The revisor of statutes received the written certification referred to in this section on November 1, 2020.
2023 Colorado Revised Statutes › Title 39 - TAXATION (§§ 39-1-101 — 39-37-301) › SPECIFIC TAXES (§§ 39-20-101 — 39-37-301) › INCOME TAX (§§ 39-22-101 — 39-22-5508) › Article 22 - Income Tax (§§ 39-22-101 — 39-22-5508) › Part 19 - WESTERN SLOPE MILITARY VETERANS' CEMETERY VOLUNTARY CONTRIBUTION (§§ 39-22-1901 — 39-22-1904) › Section 39-22-1901 - Legislative declaration

The general assembly hereby finds and declares that there is no veterans' cemetery to serve the military veterans who reside on the western slope of Colorado. The general assembly believes that the state owes a duty to all of its military veterans to assist in providing adequate burial facilities close to where surviving relatives of deceased military veterans reside. The general assembly further finds that the federal department of veterans affairs will reimburse the state for one hundred percent of the costs to establish, expand, or improve a state veterans' cemetery. The general assembly further recognizes that citizens of Colorado may be willing to provide additional funds for the operation and maintenance of such cemetery if given the opportunity. Therefore, the general assembly has enacted this part 19 to provide funding to the western slope military veterans' cemetery fund through voluntary contributions on state individual income tax returns.
L. 99: Entire part added, p. 780, § 1, effective May 21.
2023 Colorado Revised Statutes › Title 39 - TAXATION (§§ 39-1-101 — 39-37-301) › SPECIFIC TAXES (§§ 39-20-101 — 39-37-301) › INCOME TAX (§§ 39-22-101 — 39-22-5508) › Article 22 - Income Tax (§§ 39-22-101 — 39-22-5508) › Part 19 - WESTERN SLOPE MILITARY VETERANS' CEMETERY VOLUNTARY CONTRIBUTION (§§ 39-22-1901 — 39-22-1904) › Section 39-22-1902 - Voluntary contribution designation - procedure

For income tax years commencing on or after January 1, 2001, each Colorado state individual income tax return form shall contain a line whereby each individual taxpayer may designate the amount of the contribution, if any, such individual wishes to make to the western slope military veterans' cemetery fund created in section
28-5-708(1)(a)
, C.R.S. Such moneys credited to the fund shall be used for the operation and maintenance of a western slope military veterans' cemetery pursuant to section
28-5-708
, C.R.S.
L. 99: Entire part added, p. 781, § 1, effective May 21. L. 2001: Entire section amended, p. 1150, § 3, effective June 5. L. 2002: Entire section amended, p. 362, § 25, effective July 1. L. 2004: Entire section amended, p. 1210, § 94, effective August 4.
For the legislative declaration contained in the 2002 act amending this section, see section 1 of chapter 121, Session Laws of Colorado 2002.
2023 Colorado Revised Statutes › Title 39 - TAXATION (§§ 39-1-101 — 39-37-301) › SPECIFIC TAXES (§§ 39-20-101 — 39-37-301) › INCOME TAX (§§ 39-22-101 — 39-22-5508) › Article 22 - Income Tax (§§ 39-22-101 — 39-22-5508) › Part 19 - WESTERN SLOPE MILITARY VETERANS' CEMETERY VOLUNTARY CONTRIBUTION (§§ 39-22-1901 — 39-22-1904) › Section 39-22-1903 - Contributions credited to the fund - appropriation

The department of revenue shall determine annually the total amount designated pursuant to section
39-22-1902
and shall report such amount to the state treasurer. The state treasurer shall credit such amount to the western slope military veterans' cemetery fund created in section
28-5-708(1)(a)
, C.R.S.
L. 99: Entire part added, p. 781, § 1, effective May 21. L. 2002: Entire section amended, p. 362, § 26, effective July 1; entire section amended, p. 865, § 11, effective August 7.
Amendments to this section by House Bill 02-1333 and House Bill 02-1413 were harmonized.
For the legislative declaration contained in the 2002 act amending this section, see section 1 of chapter 121, Session Laws of Colorado 2002.
2023 Colorado Revised Statutes › Title 39 - TAXATION (§§ 39-1-101 — 39-37-301) › SPECIFIC TAXES (§§ 39-20-101 — 39-37-301) › INCOME TAX (§§ 39-22-101 — 39-22-5508) › Article 22 - Income Tax (§§ 39-22-101 — 39-22-5508) › Part 19 - WESTERN SLOPE MILITARY VETERANS' CEMETERY VOLUNTARY CONTRIBUTION (§§ 39-22-1901 — 39-22-1904) › Section 39-22-1904 - [Repealed]

L. 99: Entire part added, p. 781, § 1, effective May 21. L. 2001: Entire section amended, p. 1150, § 4, effective June 5. L. 2003: (3) amended, p. 2063, § 3, effective May 22. L. 2004: Entire section repealed, p. 1210, § 95, effective August 4.
2023 Colorado Revised Statutes › Title 39 - TAXATION (§§ 39-1-101 — 39-37-301) › SPECIFIC TAXES (§§ 39-20-101 — 39-37-301) › INCOME TAX (§§ 39-22-101 — 39-22-5508) › Article 22 - Income Tax (§§ 39-22-101 — 39-22-5508) › Part 21 - COLORADO AFFORDABLE HOUSING TAX CREDIT (§§ 39-22-2101 — 39-22-2108) › Section 39-22-2101 - Definitions

As used in this part 21, unless the context otherwise requires:
(1)
"Allocation certificate" means a statement issued by the authority certifying that a given development qualifies for the credit and specifying the amount of the credit allowed.
(2)
"Authority" means the Colorado housing and finance authority created pursuant to section
29-4-704
, C.R.S.
(3)
"Compliance period" means the period of fifteen years beginning with the first taxable year of the credit period.
(4)
"Credit" means the Colorado affordable housing tax credit allowed pursuant to section
39-22-2102
.
(5)
"Credit period" means the period of six taxable years beginning with the taxable year in which a qualified development is placed in service. If a qualified development is comprised of more than one building, the development shall be deemed to be placed in service in the taxable year during which the last building of the qualified development is placed in service.
(6)
"Department" means the Colorado department of revenue.
(7)
"Federal tax credit" means the federal low-income housing tax credit provided by section 42 of the internal revenue code.
(8)
"Qualified allocation plan" means the qualified allocation plan adopted by the authority pursuant to section 42 (m) of the internal revenue code.
(9)
"Qualified basis" means the qualified basis of the development as determined pursuant to section 42 of the internal revenue code.
(10)
"Qualified development" means a "qualified low-income housing project", as that term is defined in section 42 of the internal revenue code, that is located in Colorado and is determined by the authority to be eligible for a federal tax credit whether or not a federal tax credit is allocated with respect to said development.
(11)
"Qualified taxpayer" means an individual, a person, firm, corporation, or other entity that owns an interest, direct or indirect, in a qualified development and is subject to the taxes imposed by this article.
Amended by 2018 Ch. 228,§ 1, eff. 5/22/2018.
L. 2000: Entire part added, p. 875, § 1, effective August 2. L. 2014: (5), (7), and (11) amended, (HB 14-1017), ch. 277, p. 1125, § 3, effective May 29. L. 2018: (4) amended, (SB 18-007), ch. 228, p. 1439, § 1, effective May 22.
2023 Colorado Revised Statutes › Title 39 - TAXATION (§§ 39-1-101 — 39-37-301) › SPECIFIC TAXES (§§ 39-20-101 — 39-37-301) › INCOME TAX (§§ 39-22-101 — 39-22-5508) › Article 22 - Income Tax (§§ 39-22-101 — 39-22-5508) › Part 21 - COLORADO AFFORDABLE HOUSING TAX CREDIT (§§ 39-22-2101 — 39-22-2108) › Section 39-22-2103 - Recapture

(1)
As of the last day of any taxable year during the compliance period, if the amount of the qualified basis of a qualified development with respect to a taxpayer is less than the amount of the qualified basis as of the last day of the prior taxable year, then the amount of the taxpayer's state income tax liability for that taxable year shall be increased by the credit recapture amount.
(2)
For purposes of subsection (1) of this section, the credit recapture amount is an amount equal to the aggregate decrease in the credit allowed to the taxpayer pursuant to this part 21 for all prior taxable years that would have resulted if the accelerated portion of the credit allowable by reason of this part 21 were not allowed for all prior taxable years with respect to the reduced amount of qualified basis described in subsection (1) of this section.
(3)
For purposes of subsection (2) of this section, the accelerated portion of the credit for the prior taxable years with respect to any amount of qualified basis is the difference between:
(a)
The aggregate credit allowed pursuant to this part 21, notwithstanding this subsection (3), for the years with respect to such qualified basis; and
(b)
The aggregate credit that would be allowable pursuant to this part 21 for such years with respect to the qualified basis if the aggregate credit that would have been allowable, but for this subsection (3), for the entire compliance period were allowable ratably over fifteen years.
(4)
In the event that recapture of any credit is required in any tax year, the return submitted for that tax year to the department shall include the proportion of credit required to be recaptured, the identity of each taxpayer subject to the recapture, and the amount of credit previously allocated to such taxpayer.
L. 2000: Entire part added, p. 878, § 1, effective August 2.
2023 Colorado Revised Statutes › Title 39 - TAXATION (§§ 39-1-101 — 39-37-301) › SPECIFIC TAXES (§§ 39-20-101 — 39-37-301) › INCOME TAX (§§ 39-22-101 — 39-22-5508) › Article 22 - Income Tax (§§ 39-22-101 — 39-22-5508) › Part 21 - COLORADO AFFORDABLE HOUSING TAX CREDIT (§§ 39-22-2101 — 39-22-2108) › Section 39-22-2104 - Filing requirements

An owner of a qualified development to which a credit has been allocated and each qualified taxpayer to which such owner has allocated a portion of said credit, if any, shall file with their state income tax return a copy of the allocation certificate issued by the authority with respect to such development and a copy of the owner's certification to the department as to the allocation of the credit among the qualified taxpayers having ownership interests in such development.
L. 2000: Entire part added, p. 879, § 1, effective August 2.
2023 Colorado Revised Statutes › Title 39 - TAXATION (§§ 39-1-101 — 39-37-301) › SPECIFIC TAXES (§§ 39-20-101 — 39-37-301) › INCOME TAX (§§ 39-22-101 — 39-22-5508) › Article 22 - Income Tax (§§ 39-22-101 — 39-22-5508) › Part 21 - COLORADO AFFORDABLE HOUSING TAX CREDIT (§§ 39-22-2101 — 39-22-2108) › Section 39-22-2105 - Parallel credits - insurance premium taxes

(1)
Any taxpayer who is subject to the tax on insurance premiums established by sections
10-3-209
,
10-5-111
, and
10-6-128
and who is therefore exempt from the payment of income tax and who is otherwise eligible to claim a credit pursuant to this part 21 may claim such credit and carry such credit forward against such insurance premium tax on its calendar quarter estimated tax payments made in accordance with section
10-3-209
to the same extent as the taxpayer would have been able to claim or carry forward such credit or refund against income tax. All other provisions of this part 21 with respect to the credit, including the amount, allocation, and recapture of the credit and the years for which the credit may be claimed shall apply to a credit claimed pursuant to this section.
(2)
For purposes of administering this section, any reference in this article to "income tax year" means calendar year.
Amended by 2020EX1 Ch. 5,§ 5, eff. 12/7/2020.
L. 2000: Entire part added, p. 879, § 1, effective August 2.
2023 Colorado Revised Statutes › Title 39 - TAXATION (§§ 39-1-101 — 39-37-301) › SPECIFIC TAXES (§§ 39-20-101 — 39-37-301) › INCOME TAX (§§ 39-22-101 — 39-22-5508) › Article 22 - Income Tax (§§ 39-22-101 — 39-22-5508) › Part 21 - COLORADO AFFORDABLE HOUSING TAX CREDIT (§§ 39-22-2101 — 39-22-2108) › Section 39-22-2106 - Rules

The authority and the executive director of the department, in consultation with each other, shall promulgate rules necessary for their respective administration of this part 21. Rules of the executive director of the department shall be promulgated in accordance with article
4
of title
24
, C.R.S. Rules of the authority shall be adopted pursuant to section
29-4-708
, C.R.S.
L. 2000: Entire part added, p. 879, § 1, effective August 2.
2023 Colorado Revised Statutes › Title 39 - TAXATION (§§ 39-1-101 — 39-37-301) › SPECIFIC TAXES (§§ 39-20-101 — 39-37-301) › INCOME TAX (§§ 39-22-101 — 39-22-5508) › Article 22 - Income Tax (§§ 39-22-101 — 39-22-5508) › Part 21 - COLORADO AFFORDABLE HOUSING TAX CREDIT (§§ 39-22-2101 — 39-22-2108) › Section 39-22-2107 - Compliance monitoring

The authority, in consultation with the department, shall monitor and oversee compliance with the provisions of this part 21 and shall report specific occurrences of noncompliance to the department.
L. 2000: Entire part added, p. 879, § 1, effective August 2.
2023 Colorado Revised Statutes › Title 39 - TAXATION (§§ 39-1-101 — 39-37-301) › SPECIFIC TAXES (§§ 39-20-101 — 39-37-301) › INCOME TAX (§§ 39-22-101 — 39-22-5508) › Article 22 - Income Tax (§§ 39-22-101 — 39-22-5508) › Part 21 - COLORADO AFFORDABLE HOUSING TAX CREDIT (§§ 39-22-2101 — 39-22-2108) › Section 39-22-2108 - Report to the general assembly

(1)
For each allocation year, the authority shall, by December 31 of that year, provide a written report to the general assembly and shall further make the report available to the public. With respect to allocated state affordable housing tax credits under section
39-22-2102
, the report must:
(a)
Specify the number of qualified developments that have been allocated such tax credits during the allocation year and the total number of units supported by each development;
(b)
Describe each qualified development that has been allocated such credits including, without limitation, the geographic location of the development, the household type and any specific demographic information available about residents intended to be served by the development, the income levels intended to be served by the development, and the rents or set-asides authorized for each development; and
(c)
Provide housing market and demographic information that demonstrates how the qualified developments supported by the tax credits are addressing the need for affordable housing within the communities they are intended to serve as well as information about any remaining disparities in the affordability of housing within those communities.
Amended by 2018 Ch. 228,§ 3, eff. 5/22/2018.
L. 2014: Entire section added, (HB 14-1017), ch. 277, p. 1126, § 5, effective May 29. L. 2018: IP(1) amended, (SB 18-007), ch. 228, p. 1440, § 3, effective May 22.