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

Pre-1987 Net Operating Loss Deduction

Concerning the repeal of the pre-1987 net operating loss deduction for individuals, estates, and trusts.
2020 Regular Session
Fiscal Policy & Taxes
Bill Summary

Under current law, the pre-1987 net operating loss deduction for individuals, estates, and trusts allows individuals, estates, and trusts to deduct Colorado net operating losses carried forward from tax years beginning prior to January 1, 1987, from their federal taxable income when computing their Colorado taxable income. But the latest year that an individual, estate, or trust could have used the pre-1987 net operating loss deduction and carried forward a net operating loss generated in 1987 was 2002. The act repeals the deduction.

The act applies to income tax years tax beginning on or after January 1, 2021.

(Note: This summary applies to this bill as enacted.)


Became Law


Bill Text

  • All Versions (7 )
    Date Bill Type Documents
    03/20/2020 Signed Act PDF
    03/14/2020 Final Act PDF
    03/06/2020 Rerevised PDF
    03/05/2020 Revised PDF
    02/20/2020 Reengrossed PDF
    02/19/2020 Engrossed PDF
    01/30/2020 Introduced PDF

Colorado legislature email addresses ending in are no longer active. Please replace with for Colorado legislature email addresses. Details

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