Skip to main content
Colorado General AssemblyToggle Main Menu
Agency NameToggle Agency Menu

Repeal Of Infrequently Used Tax Expenditures

Concerning the repeal of infrequently used tax expenditures.
2023 Regular Session
Fiscal Policy & Taxes
Bill Summary

Legislative Oversight Committee Concerning Tax Policy. The bill repeals the following infrequently used tax expenditures:

  • The crop hail insurance premium tax exemption ( section 1 of the bill);
  • 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 ).

Sections 6 and 7 make conforming amendments.
(Note: This summary applies to the reengrossed version of this bill as introduced in the second house.)


Became Law


Bill Text

  • All Versions (7 )
    Date Bill Type 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
Email addresses for the Colorado legislature have changed from the domain to the domain on December 1, 2022. Details