Colorado § 39-22-2105 Parallel credits - insurance premium taxes

Colorado Statutes

§ 39-22-2105 — Parallel credits - insurance premium taxes

Colorado § 39-22-2105

Title 39Taxation

Art.Income Tax

This text of Colorado § 39-22-2105 (Parallel credits - insurance premium taxes) is published on Counsel Stack Legal Research, covering Colorado primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.

Bluebook

Colo. Rev. Stat. § 39-22-2105 (2026).

Text

(1)Any taxpayer who is subject to the tax on insurance premiums established by sections 10-3-209, 10-5-111, and 10-6-128 and who is therefore exempt from the payment of income tax and who is otherwise eligible to claim a credit pursuant to this part 21 may claim such credit and carry such credit forward against such insurance premium tax on its calendar quarter estimated tax payments made in accordance with section 10-3-209 to the same extent as the taxpayer would have been able to claim or carry forward such credit or refund against income tax. All other provisions of this part 21 with respect to the credit, including the amount, allocation, and recapture of the credit and the years for which the credit may be claimed shall apply to a credit claimed pursuant to this section. (2

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(1) Any taxpayer
who is subject to the tax on insurance premiums established by sections 10-3-209,
10-5-111, and 10-6-128 and who is therefore exempt from the payment of income tax
and who is otherwise eligible to claim a credit pursuant to this part 21 may claim
such credit and carry such credit forward against such insurance premium tax on its
calendar quarter estimated tax payments made in accordance with section 10-3-209 to the same extent as the taxpayer would have been able to claim or carry
forward such credit or refund against income tax. All other provisions of this part 21
with respect to the credit, including the amount, allocation, and recapture of the
credit and the years for which the credit may be claimed shall apply to a credit
claimed pursuant to this section.

(2) For purposes of administering this section, any reference in this article to
income tax year means calendar year.

Legislative History

Source: L. 2000: Entire part added, p. 879, � 1, effective August 2. L. 2020, 1st Ex. Sess.: (1) amended, (HB 20B-1006), ch. 5, p. 33, � 5, effective December 7.