Summary of SB08-157
Short Title: Modify Colorado Capital Gains Deduction

Sponsors: SCHWARTZ

For income tax years commencing on or after January 1, 2009, for which specified state income tax modifications for Colorado capital gains used to refund excess state revenues are not allowed:
* Allows a state income tax modification for a portion of the capital gains earned on real or tangible property located within Colorado or stock or an ownership interest in a Colorado company, limited liability company, or partnership that was acquired before May 9, 1994; and
* Offsets the state revenue impact of the modification by reducing the percentage of capital gains earned on real or tangible property located within Colorado or stock or an ownership interest in a Colorado company, limited liability company, or partnership that was acquired on or after May 9, 1994, for which a state income tax modification is allowed.


Status
02/11/2008 Introduced In Senate - Assigned to Finance
02/28/2008 Senate Committee on Finance Committee Vote - Tie Vote
03/13/2008 Senate Committee on Finance Pass Amended to Senate Committee of the Whole
03/18/2008 Senate Second Reading Laid Over
03/19/2008 Senate Second Reading Laid Over
03/20/2008 Senate Second Reading Laid Over to 03/24/2008
03/24/2008 Senate Second Reading Laid Over Daily
03/25/2008 Senate Second Reading Laid Over Daily with Amendments
03/26/2008 Senate Second Reading Laid Over Daily
03/27/2008 Senate Second Reading Laid Over Daily with Amendments
03/28/2008 Senate Second Reading Laid Over Daily with Amendments
03/31/2008 Senate Second Reading Laid Over
04/01/2008 Senate Second Reading Laid Over
04/02/2008 Senate Second Reading Laid Over
04/03/2008 Senate Second Reading Laid Over Daily with Amendments
04/04/2008 Senate Second Reading Laid Over Daily with Amendments
04/07/2008 Senate Second Reading Laid Over
04/08/2008 Senate Second Reading Laid Over
04/09/2008 Senate Second Reading Laid Over
04/10/2008 Senate Second Reading Laid Over
04/11/2008 Senate Second Reading Laid Over to 04/18/2008
04/18/2008 Senate Second Reading Laid Over
04/21/2008 Senate Second Reading Laid Over Daily with Amendments
04/23/2008 Senate Second Reading Laid Over Daily
04/24/2008 Senate Second Reading Special Order - Laid Over to 04/28/2008
04/28/2008 Senate Second Reading Laid Over with Amendments to 05/10/2008

Amendments

Fiscal Notes Status

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