Archive #42018

Metadata

Bill Number: HB26-1221
HTTP Status: 200
Valid JSON: Valid
Archived At: 2026-03-10 16:55:00 MDT
Created At: 2026-03-10 16:55:00 MDT

Parsed JSON

{
  "votes": [],
  "active": "T",
  "origin": "House",
  "lls_num": "26-0488",
  "session": "2026A",
  "subject": [
    "Fiscal Policy & Taxes"
  ],
  "bill_num": "HB26-1221",
  "sponsors": [
    {
      "id": "YZ001",
      "title": "Representative",
      "s_type": "Prime Sponsor",
      "chamber": "House",
      "full_name": "Yara Zokaie",
      "last_name": "Zokaie",
      "first_name": "Yara",
      "sponsor_order": "1"
    },
    {
      "id": "ES001",
      "title": "Representative",
      "s_type": "Prime Sponsor",
      "chamber": "House",
      "full_name": "Emily Sirota",
      "last_name": "Sirota",
      "first_name": "Emily",
      "sponsor_order": "2"
    },
    {
      "id": "JA002",
      "title": "Senator",
      "s_type": "Prime Sponsor",
      "chamber": "Senate",
      "full_name": "Judy Amabile",
      "last_name": "Amabile",
      "first_name": "Judy",
      "sponsor_order": "3"
    },
    {
      "id": "KW001",
      "title": "Senator",
      "s_type": "Prime Sponsor",
      "chamber": "Senate",
      "full_name": "Katie Wallace",
      "last_name": "Wallace",
      "first_name": "Katie",
      "sponsor_order": "4"
    }
  ],
  "bill_files": [
    {
      "url": "https://www.leg.state.co.us/CLICS/CLICS2026A/csl.nsf/0/41C8C98E4E9C7CC087258D41007FBB1B/$File/1221_01.pdf",
      "date": "02/17/2026",
      "label": "Introduced",
      "url_html": "https://www.leg.state.co.us/CLICS/CLICS2026A/csl.nsf/0/41C8C98E4E9C7CC087258D41007FBB1B/$File/1221_01.html",
      "lastModified": "02/17/2026 01:50:49 PM"
    }
  ],
  "committees": [
    {
      "id": "H_FIN_2026A",
      "name": "Finance",
      "chamber": "House"
    },
    {
      "id": "H_APP_2026A",
      "name": "Appropriations",
      "chamber": "House"
    }
  ],
  "long_title": "Concerning the adjustment of certain tax expenditures.",
  "bill_status": "In Committee - HOU Appropriations",
  "short_title": "Tax Expenditure Adjustments",
  "bill_summary": "<html><body><p>The bill adjusts 3 existing tax expenditures.</p><ul><li> <b>Section 2</b> of the bill limits the alternative minimum tax credit to income tax years commencing prior to January 1, 2026;<li> <b>Section 4</b> requires a corporation, for purposes of determining their state taxable income for state income tax years commencing on or after January 1, 2027, to add to their federal taxable income the amount, if any, that the taxpayer claimed as a deduction on the taxpayer's federal tax return pursuant to the employee remuneration deduction allowed pursuant to section 162 (m) of the internal revenue code; and<li> <b>Section 5</b> limits the period of time that net operating losses generated in income tax years commencing on or after January 1, 2027, can be carried forward from 20 years to 10 years and limits the amount of losses that may be claimed to 70% rather than 80%.</li></ul>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; <b>Section 3</b> creates a new tax credit. The new tax credit allows taxpayers to claim a refundable tax credit, in addition to the child tax credit and the family affordability tax credit, in an amount determined by the amount and age of the taxpayer's children and the taxpayer's income. The total amount of the new tax credit is adjusted annually based on legislative council staff projections, such that the total amount of the new tax credit claimed in an income tax year is projected to be the same as the amount of revenue raised in <b>sections 2, 4,</b> and <b>5.</b><i>(Note: This summary applies to this bill as introduced.)</i></p></body></html>",
  "progress_bar": [
    {
      "end": "F",
      "label": "Introduced",
      "position": 1
    },
    {
      "end": "F",
      "label": "Under Consideration",
      "position": 2
    }
  ],
  "special_type": "",
  "bill_category": "Taxation",
  "allow_testimony": "F",
  "amendment_files": [
    {
      "url": "https://s3-us-west-2.amazonaws.com/leg.colorado.gov/2026A/amendments/5B8CAC6DB6F20A8E87258DB5005336DB/HB1221_L.003.pdf",
      "date": "03/09/2026 05:28:18 PM",
      "vote": "Passed*",
      "chamber": "House",
      "hearing": "HOU Finance",
      "url_html": "https://s3-us-west-2.amazonaws.com/leg.colorado.gov/2026A/amendments/5B8CAC6DB6F20A8E87258DB5005336DB/HB1221_L_003.html",
      "amendment": "L.003"
    },
    {
      "url": "https://s3-us-west-2.amazonaws.com/leg.colorado.gov/2026A/amendments/26FA1FBFE58E3C0687258DB2006F17F6/HB1221_L.002.pdf",
      "date": "03/09/2026 05:26:32 PM",
      "vote": "Passed*",
      "chamber": "House",
      "hearing": "HOU Finance",
      "url_html": "https://s3-us-west-2.amazonaws.com/leg.colorado.gov/2026A/amendments/26FA1FBFE58E3C0687258DB2006F17F6/HB1221_L_002.html",
      "amendment": "L.002"
    }
  ],
  "full_bill_topic": "Tax Expenditure Adjustments",
  "long_bill_files": [],
  "GHG_report_files": [],
  "preamended_files": [],
  "bill_sub_category": "Corporations",
  "fiscal_note_files": [
    {
      "url": "https://www.leg.state.co.us/CLICS/CLICS2026A/csl.nsf/0/41C8C98E4E9C7CC087258D41007FBB1B/$File/HB1221_00.pdf",
      "date": "03/05/2026",
      "label": "FN1",
      "url_html": "",
      "lastModified": "03/05/2026 03:01:41 PM",
      "label_detailed": "Initial Fiscal Note"
    }
  ],
  "is_budget_package": "No",
  "session_laws_files": "",
  "summarized_history": [
    {
      "date": "03/09/2026",
      "action": "House Committee on Finance Refer Amended to Appropriations",
      "location": "House"
    },
    {
      "date": "02/17/2026",
      "action": "Introduced In House - Assigned to Finance",
      "location": "House"
    }
  ],
  "research_note_files": [],
  "bill_sub_sub_category": "Other",
  "committee_report_files": [
    {
      "url": "https://www.leg.state.co.us/CLICS/CLICS2026A/csl.nsf/0/41C8C98E4E9C7CC087258D41007FBB1B/$File/HB1221_H_FIN_001.pdf",
      "date": "03/09/2026",
      "label": "H_FIN_2026A",
      "url_html": "https://www.leg.state.co.us/CLICS/CLICS2026A/csl.nsf/0/41C8C98E4E9C7CC087258D41007FBB1B/$File/HB1221_H_FIN_001.html",
      "lastModified": "03/10/2026 04:21:19 PM"
    }
  ],
  "demographic_note_files": [],
  "updated_bill_summary_files": [],
  "budget_staff_analysis_files": [],
  "first_chamber_third_reading_date": "",
  "second_chamber_third_reading_date": ""
}

Raw Response

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The new tax credit allows taxpayers to claim a refundable tax credit, in addition to the child tax credit and the family affordability tax credit, in an amount determined by the amount and age of the taxpayer's children and the taxpayer's income. The total amount of the new tax credit is adjusted annually based on legislative council staff projections, such that the total amount of the new tax credit claimed in an income tax year is projected to be the same as the amount of revenue raised in <b>sections 2, 4,</b> and <b>5.</b><i>(Note: This summary applies to this bill as introduced.)</i></p></body></html>","amendment_files":[{"chamber":"House","date":"03/09/2026 05:28:18 PM","amendment":"L.003","hearing":"HOU Finance","vote":"Passed*","url":"https://s3-us-west-2.amazonaws.com/leg.colorado.gov/2026A/amendments/5B8CAC6DB6F20A8E87258DB5005336DB/HB1221_L.003.pdf","url_html":"https://s3-us-west-2.amazonaws.com/leg.colorado.gov/2026A/amendments/5B8CAC6DB6F20A8E87258DB5005336DB/HB1221_L_003.html"},{"chamber":"House","date":"03/09/2026 05:26:32 PM","amendment":"L.002","hearing":"HOU Finance","vote":"Passed*","url":"https://s3-us-west-2.amazonaws.com/leg.colorado.gov/2026A/amendments/26FA1FBFE58E3C0687258DB2006F17F6/HB1221_L.002.pdf","url_html":"https://s3-us-west-2.amazonaws.com/leg.colorado.gov/2026A/amendments/26FA1FBFE58E3C0687258DB2006F17F6/HB1221_L_002.html"}],"session_laws_files":"","votes":[]}