In response to taxpayer inquiries, this publication addresses how recent retroactive federal tax provisions interact with Colorado income taxation. In particular, Public Law 116-136, the Coronavirus Aid, Relief and Economic Security Act (CARES Act) modified numerous parts of the Internal Revenue Code, including provisions for net operating loss deductions, business interest expense limitations, excess loss limitations for taxpayers other than corporations, and cost recovery for qualified improvement property., "June 2020.", Online resource; title from PDF caption (viewed July 2020)
In response to taxpayer inquiries, this publication addresses how recent retroactive federal tax provisions interact with Colorado income taxation. In particular, Public Law 116-136, the Coronavirus Aid, Relief and Economic Security Act (CARES Act) enacted in March 2020, modified numerous parts of the Internal Revenue Code, including provisions for net operating loss deductions, business interest expense limitations, excess loss limitations for taxpayers other than corporations, and cost recovery for qualified improvement property., "Revised September 2020.", Includes bibliographical references., Online resource; title from PDF caption (viewed August 2021)
This guidance document replaces the Department's previously-issued guidance regarding the impact of recent federal legislation on Colorado income tax. The prior guidance explained that, as a consequence of Rule 39-22-103(5.3), certain retroactive provisions of the Coronavirus Aid, Relief and Economic Security Act (CARES Act) and the Consolidated Appropriations Act, 2021 (CAA), did not affect a taxpayer's Colorado income tax liability. A recent court decision determined that Rule 39-22-103(5.3) was incorrect and that retroactive changes in federal law can affect a taxpayer's Colorado taxable income. This publication explains changes resulting from the court decision invalidating Rule 39-22-103(5.3), as well as additions and subtractions related to the CARES Act which remain in effect., "Revised April 2023.", Includes bibliographical references., Online resource; title from PDF caption (viewed October 2023)
In response to taxpayer inquiries, this publication addresses how recent retroactive federal tax provisions interact with Colorado income taxation. In particular, Public Law 116-136, the Coronavirus Aid, Relief and Economic Security Act (CARES Act) enacted in March 2020, modified numerous parts of the Internal Revenue Code, including provisions for net operating loss deductions, business interest expense limitations, excess loss limitations for taxpayers other than corporations, and cost recovery for qualified improvement property., "Revised August 2021.", Includes bibliographical references., Online resource; title from PDF caption (viewed August 2021)
In response to taxpayer inquiries, this publication addresses how recent retroactive federal tax provisions interact with Colorado income taxation. In particular, Public Law 116-136, the Coronavirus Aid, Relief and Economic Security Act (CARES Act) modified numerous parts of the Internal Revenue Code, including provisions for net operating loss deductions, business interest expense limitations, excess loss limitations for taxpayers other than corporations, and cost recovery for qualified improvement property, "June 2020.", Includes bibliographical references., Online resource; title from PDF caption (viewed November 2020)
