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First Regular Session | 75th General Assembly
Colorado General Assembly
HB18-1185

Market Sourcing For Business Income Tax Apportionment

Type Bill
Session 2018 Regular Session
Subjects
Fiscal Policy & Taxes

Concerning changes to the state income tax apportionment statute based on the most recent multistate tax commission's uniform model of the uniform division of income for tax purposes act.

Bill Summary:

Income tax - corporate - apportionment rules for taxpayer that has income from the sale of services or the sale of intangible property. For income tax years commencing on and after January 1, 2019, the act generally replaces the method for sourcing of sales for purposes of apportioning the income of a taxpayer that has income from the sale of services or from the sale, lease, license, or rental of intangible property in both Colorado and other states from the cost-of-performance test in the case of services and the commercial domicile test in the case of intangible property to a market-based sourcing system. Under this new system, receipts for the sale of services or from the sale, lease, license, or rental of intangible property are apportioned to Colorado based not on where the service is performed, but where the service is delivered.
(Note: This summary applies to this bill as enacted.)

Prime Sponsors

Representative Tracy Kraft-Tharp

Representative

Tracy Kraft-Tharp

Representative Cole Wist

Representative

Cole Wist

Committees

House

Business Affairs and Labor

Finance

Appropriations

Senate

Finance

Appropriations

Status

Became Law

Introduced

Passed

Became Law

Related Documents & Information

Date Version Documents
06/04/2018 Signed Act PDF
05/22/2018 Final Act PDF
05/04/2018 Rerevised PDF
05/03/2018 Revised PDF
04/27/2018 Reengrossed PDF
04/26/2018 Engrossed PDF
02/02/2018 Introduced PDF
Date Version Documents
05/02/2018 PA3 PDF
04/26/2018 PA2 PDF
03/01/2018 PA1 PDF
Date Version Documents
09/13/2018 FN2 PDF
02/14/2018 FN1 PDF
Date Version Documents
05/03/2018 SA2 PDF
04/25/2018 SA1 PDF
Date Calendar Motion Vote Vote Document
05/07/2018 Senate Amendments REPASS
65
AYE
0
NO
0
OTHER
 		Vote record
05/07/2018 Senate Amendments CONCUR
65
AYE
0
NO
0
OTHER
 		Vote record
04/27/2018 Third Reading BILL
64
AYE
0
NO
1
OTHER
 		Vote record
Date Calendar Motion Vote Vote Document
05/04/2018 Third Reading BILL
34
AYE
0
NO
1
OTHER
 		Vote record
Date Location Action
06/04/2018 Governor Governor Signed
05/22/2018 Governor Sent to the Governor
05/22/2018 Senate Signed by the President of the Senate
05/22/2018 House Signed by the Speaker of the House
05/07/2018 Senate House Considered Senate Amendments - Result was to Concur - Repass
05/04/2018 Senate House Considered Senate Amendments - Result was to Laid Over Daily
05/04/2018 Senate Senate Third Reading Passed - No Amendments
05/03/2018 Senate Senate Second Reading Special Order - Passed with Amendments - Committee
05/03/2018 Senate Senate Committee on Appropriations Refer Unamended - Consent Calendar to Senate Committee of the Whole
05/02/2018 Senate Senate Committee on Finance Refer Amended to Appropriations
04/27/2018 Senate Introduced In Senate - Assigned to Finance
04/27/2018 House House Third Reading Passed - No Amendments
04/26/2018 House House Second Reading Special Order - Passed with Amendments - Committee, Floor
04/25/2018 House House Committee on Appropriations Refer Amended to House Committee of the Whole
02/28/2018 House House Committee on Finance Refer Amended to Appropriations
02/15/2018 House House Committee on Business Affairs and Labor Refer Unamended to Finance
02/02/2018 House Introduced In House - Assigned to Business Affairs and Labor

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