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us-co/statute/39/39-22-104.6 — Pretax payments - medical savings accounts - repeal · Axiom

Pretax payments - medical savings accounts - repeal

1 rule

(1) Prior to January 1, 2025, to the extent a taxpayer is not otherwise claiming deductions on federal income tax returns for contributions to medical savings accounts, amounts withheld from an individual's wages which are contributed to such individual's medical savings account, pursuant to section 39-22-504.7, are excluded from an individual's federal taxable income for purposes of the state income tax imposed by section 39-22-104.

(2) This section is repealed, effective December 31, 2028.

in view

Whole section

Encodings · 1

medical_savings_account_contribution_excluded_from_federal_taxable_income_for_state_income_taxCO 39 § 39-22-104.6 · derived

Colo. Rev. Stat. § 39-22-104.6(1)

name: >-
  medical_savings_account_contribution_excluded_from_federal_taxable_income_for_state_income_tax
kind: derived
entity: Person
dtype: Money
period: Year
unit: USD
source: Colo. Rev. Stat. § 39-22-104.6(1)
metadata:
  proof:
    atoms:
      - path: versions[0].formula
        kind: formula
        source:
          corpus_citation_path: us-co/statute/39/39-22-104.6
          excerpt: >-
            to the extent a taxpayer is not otherwise claiming deductions on
            federal income tax returns for contributions to medical savings
            accounts
      - path: versions[0].formula
        kind: condition
        source:
          corpus_citation_path: us-co/statute/39/39-22-104.6
          excerpt: >-
            amounts withheld from an individual's wages which are contributed to
            such individual's medical savings account
      - path: versions[0].formula
        kind: effective_period
        source:
          corpus_citation_path: us-co/statute/39/39-22-104.6
          excerpt: Prior to January 1, 2025
versions:
  - effective_from: '1987-01-01'
    formula: >-
      if taxable_year_is_before_exclusion_termination_date: max(0,
      qualifying_withheld_wage_contributions_to_same_individuals_medical_savings_account
      -
      medical_savings_account_contribution_deductions_claimed_on_federal_return)
      else: 0

▸rulespec code

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statutes/39/39-22-104.6.yaml

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Rules

medical_savings_account_contribution_excluded_from_federal_taxable_income_for_state_income_tax

Derived

source: Colo. Rev. Stat. § 39-22-104.6(1)

- name: medical_savings_account_contribution_excluded_from_federal_taxable_income_for_state_income_tax
  kind: derived
  entity: Person
  dtype: Money
  period: Year
  unit: USD
  source: Colo. Rev. Stat. § 39-22-104.6(1)
  metadata:
    proof:
      atoms:
        - path: versions[0].formula
          kind: formula
          source:
            corpus_citation_path: us-co/statute/39/39-22-104.6
            excerpt: >-
              to the extent a taxpayer is not otherwise claiming deductions on federal income tax
              returns for contributions to medical savings accounts
        - path: versions[0].formula
          kind: condition
          source:
            corpus_citation_path: us-co/statute/39/39-22-104.6
            excerpt: >-
              amounts withheld from an individual's wages which are contributed to such individual's
              medical savings account
        - path: versions[0].formula
          kind: effective_period
          source:
            corpus_citation_path: us-co/statute/39/39-22-104.6
            excerpt: Prior to January 1, 2025
  versions:
    - effective_from: '1987-01-01'
      formula: >-
        if taxable_year_is_before_exclusion_termination_date: max(0,
        qualifying_withheld_wage_contributions_to_same_individuals_medical_savings_account -
        medical_savings_account_contribution_deductions_claimed_on_federal_return) else: 0

▸citations (2)

References

This rule cites 2 other rules.

CO 39 § 39-22-504.7inferredCO › Statutes › Title 39 › § 39-22-504.7
CO 39 § 39-22-104inferredCO › Statutes › Title 39 › § 39-22-104