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Key Votes

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

Colorado Key Votes

Kenneth Guy Summers voted Nay (Passage) on this Legislation.

Read statements Kenneth Guy Summers 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 Result
Yea Votes
Nay Votes
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

Sponsors

Co-sponsors

  • K. Jerry Frangas (CO - D) (Out Of Office)
  • Joel Stanton Judd (CO - D) (Out Of Office)
  • Jeanne Labuda (CO - D) (Out Of Office)
  • John V. 'Jack' Pommer (CO - D) (Out Of Office)
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