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Holding Company Income Tax Combined Report

Concerning combined reporting by a corporation for Colorado state income tax purposes.
2019 Regular Session
Fiscal Policy & Taxes
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.)


Became Law


Bill Text

  • All Versions (7 )
    Date Bill Type Documents
    05/31/2019 Signed Act PDF
    05/21/2019 Final Act PDF
    05/02/2019 Rerevised PDF
    05/01/2019 Revised PDF
    04/27/2019 Reengrossed PDF
    04/26/2019 Engrossed PDF
    04/02/2019 Introduced PDF


Sponsor Type Legislators
Prime Sponsor

Sen. P. Lee
Rep. M. Gray, Rep. M. Snyder



Sen. L. Court, Sen. D. Moreno
Rep. S. Lontine

The effective date for bills enacted without a safety clause is August 7, 2024, if the General Assembly adjourns sine die on May 8, 2024, unless otherwise specified. Details