Market Sourcing For Business Income Tax Apportionment
| Type | Bill |
|---|---|
| Session | 2018 Regular Session |
| Subjects |
Concerning changes to the state income tax apportionment statute based on the most recent multistate tax commission's uniform model of the uniform division of income for tax purposes act.
Bill Summary:
Income tax - corporate - apportionment rules for taxpayer that has income from the sale of services or the sale of intangible property. For income tax years commencing on and after January 1, 2019, the act generally replaces the method for sourcing of sales for purposes of apportioning the income of a taxpayer that has income from the sale of services or from the sale, lease, license, or rental of intangible property in both Colorado and other states from the cost-of-performance test in the case of services and the commercial domicile test in the case of intangible property to a market-based sourcing system. Under this new system, receipts for the sale of services or from the sale, lease, license, or rental of intangible property are apportioned to Colorado based not on where the service is performed, but where the service is delivered.
(Note: This summary applies to this bill as enacted.)
Related Documents & Information
| Activity | Vote | Documents |
|---|---|---|
| Refer House Bill 18-1185 to the Committee of the Whole. | The motion passed on a vote of 6-0. | Vote summary |
| Refer House Bill 18-1185 to the Committee of the Whole and with a recommendation that it be placed on the consent calendar. | The motion passed on a vote of 6-0. | Vote summary |
| Activity | Vote | Documents |
|---|---|---|
| Adopt amendment L.007 [Attachment A]. | The motion passed without objection. | Vote summary |
| Refer House Bill 18-1185, as amended, to the Committee on Appropriations. | The motion passed on a vote of 5-0. | Vote summary |
| Activity | Vote | Documents |
|---|---|---|
| Adopt amendment L.004 | The motion passed without objection. | Vote summary |
| Refer House Bill 18-1185, as amended, to the Committee of the Whole. | The motion passed on a vote of 13-0. | Vote summary |
| Activity | Vote | Documents |
|---|---|---|
| Adopt amendment L.001 [Attachment B]. | The motion passed without objection. | Vote summary |
| Refer House Bill 18-1185, as amended, to the Committee on Appropriations. | The motion passed on a vote of 12-0. | Vote summary |
| Activity | Vote | Documents |
|---|---|---|
| Refer House Bill 18-1185 to the Committee on Finance. | The motion passed on a vote of 13-0. | Vote summary |
| Date | Calendar | Motion | Vote | Vote Document |
|---|---|---|---|---|
| 05/07/2018 | Senate Amendments | REPASS |
65
AYE
0
NO
0
OTHER
|
Vote record |
| 05/07/2018 | Senate Amendments | CONCUR |
65
AYE
0
NO
0
OTHER
|
Vote record |
| 04/27/2018 | Third Reading | BILL |
64
AYE
0
NO
1
OTHER
|
Vote record |
| Date | Calendar | Motion | Vote | Vote Document |
|---|---|---|---|---|
| 05/04/2018 | Third Reading | BILL |
34
AYE
0
NO
1
OTHER
|
Vote record |
| Date | Location | Action |
|---|---|---|
| 06/04/2018 | Governor | Governor Signed |
| 05/22/2018 | Governor | Sent to the Governor |
| 05/22/2018 | Senate | Signed by the President of the Senate |
| 05/22/2018 | House | Signed by the Speaker of the House |
| 05/07/2018 | Senate | House Considered Senate Amendments - Result was to Concur - Repass |
| 05/04/2018 | Senate | House Considered Senate Amendments - Result was to Laid Over Daily |
| 05/04/2018 | Senate | Senate Third Reading Passed - No Amendments |
| 05/03/2018 | Senate | Senate Second Reading Special Order - Passed with Amendments - Committee |
| 05/03/2018 | Senate | Senate Committee on Appropriations Refer Unamended - Consent Calendar to Senate Committee of the Whole |
| 05/02/2018 | Senate | Senate Committee on Finance Refer Amended to Appropriations |
| 04/27/2018 | Senate | Introduced In Senate - Assigned to Finance |
| 04/27/2018 | House | House Third Reading Passed - No Amendments |
| 04/26/2018 | House | House Second Reading Special Order - Passed with Amendments - Committee, Floor |
| 04/25/2018 | House | House Committee on Appropriations Refer Amended to House Committee of the Whole |
| 02/28/2018 | House | House Committee on Finance Refer Amended to Appropriations |
| 02/15/2018 | House | House Committee on Business Affairs and Labor Refer Unamended to Finance |
| 02/02/2018 | House | Introduced In House - Assigned to Business Affairs and Labor |
Prime Sponsor
Sponsor
Co-Sponsor
| Effective Date | Chapter # | Title | Documents |
|---|---|---|---|
| 08/08/2018 | 369 | Market Sourcing For Bus Inc Tax Apportionment |