Colorado HB1216 corrects technical defects and incorrect cross-references in statutes administered by the Department of Revenue.

Colorado HB1216 corrects technical defects and incorrect statutory cross-references in several statutes administered by the Department of Revenue. The bill amends the list of conditions a taxpayer must meet to claim a refundable income tax credit for certain businesses located in the state. It also corrects outdated cross-references in the statute governing the collection of gas and special fuels tax and the statute governing the road usage fee and bridge and tunnel impact fee. Additionally, the bill clarifies the amount that can be claimed for a property tax or rent grant.

Colorado HB1216 corrects technical defects and incorrect cross-references in statutes administered by the Department of Revenue.

Colorado HB1216 corrects technical defects and incorrect statutory cross-references in several statutes administered by the Department of Revenue. The bill amends the list of conditions a taxpayer must meet to claim a refundable income tax credit for certain businesses located in the state. It also corrects outdated cross-references in the statute governing the collection of gas and special fuels tax and the statute governing the road usage fee and bridge and tunnel impact fee. Additionally, the bill clarifies the amount that can be claimed for a property tax or rent grant.