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Key Votes

HB 1200 - Temporary Limit on Income Tax Exemption - Key Vote

Colorado Key Votes

Sal Pace voted Nay (Passage) on this Legislation.

Read statements Sal Pace made in this general time period.

Stages

Family

Issues

Stage Details

Legislation - Signed (Executive) -

Title: Temporary Limit on Income Tax Exemption

Legislation - Concurrence Vote Passed (House) (33-30) -
Legislation - Bill Passed With Amendment (Senate) (18-17) -
Legislation - Bill Failed (Senate) (16-18) -
Legislation - Bill Passed (House) (33-32) - (Key vote)

Title: Temporary Limit on Income Tax Exemption

Vote Smart's Synopsis:

Vote to pass a bill that limits the income tax credit for economic investments in enterprise zones (equal to 3 percent of the investment) to $250,000 for the 2011, 2012, and 2013 income tax years.

Highlights:
-Requires taxpayers to defer claiming any amount of the credit allowed that exceeds $250,000 to the 2014 income tax year (Sec. 1). -Authorizes taxpayers to claim the deferred credit as an investment tax credit carryover for 12 income tax years following the year the credit was originally allowed plus 1 additional income tax year for each income tax year that the credit was deferred (Sec. 1).
Legislation - Introduced (House) -

Title: Temporary Limit on Income Tax Exemption

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