us-co/statute/39/39-22-123.5 — Earned income tax credit - legislative declaration

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us-co/statute/39/39-22-123.5 — Earned income tax credit - legislative declaration - repeal · Axiom

(1) The general assembly hereby finds and declares that:

(a)The federal earned income tax credit is a refundable…#

(a) The federal earned income tax credit is a refundable tax credit for low- and middle-income working individuals and families whose earnings are below an income threshold;

(b)The amount of the credit increases with income until…#

(b) The amount of the credit increases with income until the credit reaches a maximum level and then phases out, and this structure creates an incentive for people to work and earn more income;

(c)Since its establishment in 1975, the credit has…∀ 1#

(c) Since its establishment in 1975, the credit has increased family income, reduced child poverty, and promoted employment by supplementing the earnings of low-wage workers, including military families;

(d)The credit has a positive impact on the education and…#

(d) The credit has a positive impact on the education and health of children living in poverty;

(e)The credit has a positive economic impact on local…#

(e) The credit has a positive economic impact on local economies and businesses because it puts more money in the hands of low- and middle-income working people who spend the money on immediate needs, such as groceries, school supplies, car repairs, rent, and health care;

(f)The Colorado earned income tax credit created in…#

(f) The Colorado earned income tax credit created in section 39-22-123 is ten percent of the federal earned income tax credit, but it is a mechanism to refund excess state revenues as required by section 20 of article X of the state constitution;

(g)This existing credit has not been in effect since 2001…#

(g) This existing credit has not been in effect since 2001 because the refund has not been triggered; and

(h)Now, therefore, it is the intent of the general…#

(h) Now, therefore, it is the intent of the general assembly to establish a permanent and refundable state earned income tax credit for eligible Colorado taxpayers. The intended purpose of this credit is to help individuals and families achieve greater financial security and to help Colorado's economy.

(2) (a) (I) For an income tax year commencing prior to January 1, 2022, a resident individual who claims an earned income tax credit on the individual's federal tax return is allowed an earned income tax credit against the taxes due under this article 22 that is equal to ten percent of the federal credit that the resident individual claimed on his or her federal tax return for the same tax year.

(II) This subsection (2)(a) is repealed, effective December 31, 2032.

(b) (I) For income tax years commencing on or after January 1, 2022, but before January 1, 2023, a resident individual who claims an earned income tax credit on the individual's federal tax return is allowed an earned income tax credit against the taxes due under this article 22 that is equal to twenty percent of the federal credit that the resident individual claimed on his or her federal tax return for the same tax year.

(II) This subsection (2)(b) is repealed, effective December 31, 2033.

(c) (I) For income tax years commencing on or after January 1, 2023, but before January 1, 2024, a resident individual who claims an earned income tax credit on the individual's federal tax return is allowed an earned income tax credit against the taxes due under this article 22 that is equal to twenty-five percent of the federal credit that the resident individual claimed on his or her federal tax return for the same tax year.

(II) This subsection (2)(c) is repealed, effective December 31, 2034.

(d) (I) A resident individual who claims an earned income tax credit on the individual's federal tax return is allowed an earned income tax credit against the taxes due under this article 22 that is equal to the applicable amount set forth in subsection (2)(d)(II) of this section.

(II) Except as otherwise provided in subsection (3.5) of this section, the credit amount that can be claimed pursuant to subsection (2)(d)(I) of this section is:

(A) For the income tax year commencing on January 1, 2024, fifty percent of the federal credit that the resident individual claimed on the resident individual's federal tax return for the same tax year;

(B) For the income tax year commencing on January 1, 2025, thirty-five percent of the federal credit that the resident individual claimed on the resident individual's federal tax return for the same tax year; and

(C) For income tax years commencing on or after January 1, 2026, twenty-five percent of the federal credit that the resident individual claimed on the resident individual's federal tax return for the same tax year.

(2.5) (a) (I) For income tax years commencing on or after January 1, 2020, but before January 1, 2022, a resident individual is allowed an earned income tax credit against the taxes due under this article 22 that is equal to ten percent of the federal credit that the resident individual would have been allowed, but for the fact that the resident individual, the resident individual's spouse, or one or more of the resident individual's dependents do not have a social security number that is valid for employment.

(II) This subsection (2.5)(a) is repealed, effective December 31, 2032.

(b) (I) For income tax years commencing on or after January 1, 2022, but before January 1, 2023, a resident individual is allowed an earned income tax credit against the taxes due under this article 22 that is equal to twenty percent of the federal credit that the resident individual would have been allowed, but for the fact that the resident individual, the resident individual's spouse, or one or more of the resident individual's dependents do not have a social security number that is valid for employment.

(II) This subsection (2.5)(b) is repealed, effective December 31, 2033.

(d) (I) For income tax years commencing on or after January 1, 2023, but before January 1, 2024, a resident individual is allowed an earned income tax credit against the taxes due under this article 22 that is equal to twenty-five percent of the federal credit that the resident individual would have been allowed, but for the fact that the resident individual, the resident individual's spouse, or one or more of the resident individual's dependents do not have a social security number that is valid for employment.

(II) This subsection (2.5)(d) is repealed, effective December 31, 2034.

(e) (I) A resident individual is allowed an earned income tax credit against the taxes due under this article 22 that is equal to the applicable percentage set forth in subsection (2.5)(e)(II) of this section of the federal credit that the resident individual would have been allowed, but for the fact that the resident individual, the resident individual's spouse, or one or more of the resident individual's dependents do not have a social security number that is valid for employment.

(II) Except as otherwise provided in subsection (3.5) of this section, the percentage used to calculate the amount of credit that can be claimed pursuant to subsection (2.5)(e)(I) of this section is:

(A) For the income tax year commencing on January 1, 2024, fifty percent;

(B) For the income tax year commencing on January 1, 2025, thirty-five percent; and

(2.7) (a) (I) For income tax years commencing on or after January 1, 2022, but before January 1, 2023, a resident individual is allowed an earned income tax credit against the taxes due under this article 22 that is equal to twenty percent of the federal credit that the resident individual would have been allowed under section 32 (n)(1) of the internal revenue code, notwithstanding the date limitation set forth in section 32 (n) of the internal revenue code as specified in section 9621 (a) of the American Rescue Plan Act of 2021, Pub.L. 117-2.

(II) This subsection (2.7)(a) is repealed, effective December 31, 2033.

(b) (I) For income tax years commencing on or after January 1, 2023, but before January 1, 2024, a resident individual is allowed an earned income tax credit against the taxes due under this article 22 that is equal to twenty-five percent of the federal credit that the resident individual would have been allowed under section 32 (n)(1) of the internal revenue code, notwithstanding the date limitation set forth in section 32 (n) of the internal revenue code as specified in section 9621

(a) of the American Rescue Plan Act of 2021, Pub.L. 117-2.

(II) This subsection (2.7)(b) is repealed, effective December 31, 2034.

(c) (I) A resident individual is allowed an earned income tax credit against the taxes due under this article 22 that is equal to the applicable percentage set forth in subsection (2.7)(c)(II) of this section of the federal credit that the resident individual would have been allowed under section 32 (n)(1) of the internal revenue code, notwithstanding the date limitation set forth in section 32 (n) of the internal revenue code as specified in section 9621 (a) of the American Rescue Plan Act of 2021, Pub.L. 117-2.

(II) Except as otherwise provided in subsection (3.5) of this section, the percentage used to calculate the amount of credit that can be claimed pursuant to subsection (2.7)(c)(I) of this section is:

(A) For the income tax year commencing on January 1, 2024, fifty percent;

(B) For the income tax year commencing on January 1, 2025, thirty-five percent; and

(2.8) (a) For income tax years commencing on or after January 1, 2023, but before January 1, 2024, only, the rate of credit allowed for the resident individuals described in subsections (2), (2.5), and (2.7) of this section, respectively, is increased from twenty-five percent to fifty percent of the federal credit described in the respective subsections (2), (2.5), and (2.7) of this section.

(b) The general assembly finds and declares that increasing the rate of the credit as specified in subsection (2.8)(a) of this section reduces the amount of state revenues, as defined in section 24-77-103.6 (6)(c), for the 2023-24 state fiscal year and is therefore, after excess state revenues for the 2022-23 state fiscal year are refunded pursuant to sections 39-3-209, 39-3-210, and any other refund mechanism provided for in law other than the refund mechanism provided for in part 20 of this article 22, a reasonable method of refunding a portion of any remaining excess state revenues for the 2022-23 state fiscal year that are required to be refunded in the 2023-24 state fiscal year in accordance with section 20 (7)(d) of the state constitution.

(3) Repealed.

(3.5) (a) As used in this subsection (3.5), unless the context otherwise requires:

(I) Applicable forecast means either the quarterly December revenue forecast prepared by legislative council staff or the quarterly December revenue forecast prepared by the office of state planning and budgeting in the December immediately preceding the applicable state fiscal year as determined by which immediately preceding March forecast the joint budget committee of the general assembly used in the preparation of the state budget.

(II) Applicable state fiscal year means the fiscal year that begins in the income tax year for which the credit is allowed.

(III) BV means the estimate of the state's nonexempt revenue for state fiscal year 2024-25 included in the 2024 office of state planning and budgeting March revenue forecast.

(IV) CAGR means the estimated compound annual growth rate.

(V) Estimated adjustment factor means, for a given income tax year, the CAGR for nonexempt revenue that is calculated by the executive director according to the following formula: [Insert 39-22-123.5(3.5)(a)(V) and 39-22-130(2)(b)(I).pdf here]

(VI) EV means the estimate of the state's nonexempt revenue for the applicable state fiscal year included in the applicable forecast excluding the projected aggregate amount of the increased portion of the earned income tax credit allowed pursuant to subsection (3.5)(b) or (3.5)(c) of this section and the projected aggregate amount of the credit allowed pursuant to section 39-22-130, created in House Bill 24-1311, enacted in 2024, for the given income tax year.

(VII) n means, for the applicable state fiscal year, the number of state fiscal years that have passed since the 2024-25 state fiscal year.

(VIII) Nonexempt revenue means, for the applicable state fiscal year, the revenues that are identified as nonexempt revenues in the annual comprehensive financial report published by the office of the state controller.

(b) (I) For the income tax year commencing on January 1, 2025, the percentage of the federal earned income tax credit that the resident individual claimed or could have claimed that is used to calculate the amount of earned income tax credit allowed pursuant to subsections (2)(d), (2.5)(e), and (2.7)(c) of this section is increased by fifteen percentage points if the estimated adjustment factor is equal to or greater than two percent.

(II) This subsection (3.5)(b) is repealed, effective December 31, 2035.

(c) For income tax years commencing on or after January 1, 2026, the percentage of the federal earned income tax credit that the resident individual claimed or could have claimed that is used to calculate the amount of earned income tax credit allowed pursuant to subsections (2)(d), (2.5)(e), and (2.7)(c) of this section is increased as follows if the estimated adjustment factor is as follows:

(I) Equal to or greater than three percent but less than three and eighteen one-hundredths percent, by five percentage points;

(II) Equal to or greater than three and eighteen one-hundredths percent but less than three and thirty-seven one-hundredths percent, by ten percentage points;

(III) Equal to or greater than three and thirty-seven one-hundredths percent but less than three and fifty-six one-hundredths percent, by fifteen percentage points;

(IV) Equal to or greater than three and fifty-six one-hundredths percent but less than three and seventy-five one-hundredths percent, by twenty percentage points; and

(V) Equal to or greater than three and seventy-five one-hundredths percent, by twenty-five percentage points.

(4) The amount of the credit allowed under this section that exceeds the resident individual's income taxes due is refunded to the individual.

(5) In the case of a part-year resident, the credit allowed under this section is apportioned in the ratio determined under section 39-22-110 (1).

(6) The credit allowed under this section is not considered to be income or resources for the purpose of determining eligibility for the payment of public assistance benefits and medical assistance benefits authorized under state law or for a payment made under any other publicly funded programs.

in view

Whole section

Encodings · 27

base_credit_percentageCO 39 § 39-22-123.5 · parameter

39-22-123.5(2), (2.5)

name: base_credit_percentage
kind: parameter
dtype: Rate
source: 39-22-123.5(2), (2.5)
metadata:
  proof:
    atoms:
      - path: versions[0].formula
        kind: amount
        source:
          corpus_citation_path: us-co/statute/39/39-22-123.5
          excerpt: equal to ten percent of the federal credit
      - path: versions[1].formula
        kind: amount
        source:
          corpus_citation_path: us-co/statute/39/39-22-123.5
          excerpt: equal to twenty percent of the federal credit
      - path: versions[2].formula
        kind: amount
        source:
          corpus_citation_path: us-co/statute/39/39-22-123.5
          excerpt: equal to twenty-five percent of the federal credit
      - path: versions[3].formula
        kind: amount
        source:
          corpus_citation_path: us-co/statute/39/39-22-123.5
          excerpt: January 1, 2024, fifty percent
      - path: versions[4].formula
        kind: amount
        source:
          corpus_citation_path: us-co/statute/39/39-22-123.5
          excerpt: January 1, 2025, thirty-five percent
      - path: versions[5].formula
        kind: amount
        source:
          corpus_citation_path: us-co/statute/39/39-22-123.5
          excerpt: on or after January 1, 2026, twenty-five percent
versions:
  - effective_from: '0001-01-01'
    formula: '0.10'
  - effective_from: '2022-01-01'
    formula: '0.20'
  - effective_from: '2023-01-01'
    formula: '0.25'
  - effective_from: '2024-01-01'
    formula: '0.50'
  - effective_from: '2025-01-01'
    formula: '0.35'
  - effective_from: '2026-01-01'
    formula: '0.25'

temporary_credit_percentage_increaseCO 39 § 39-22-123.5 · parameter

39-22-123.5(2.8)(a)

name: temporary_credit_percentage_increase
kind: parameter
dtype: Rate
source: 39-22-123.5(2.8)(a)
metadata:
  proof:
    atoms:
      - path: versions[1].formula
        kind: amount
        source:
          corpus_citation_path: us-co/statute/39/39-22-123.5
          excerpt: increased from twenty-five percent to fifty percent
versions:
  - effective_from: '0001-01-01'
    formula: '0'
  - effective_from: '2023-01-01'
    formula: '0.25'
  - effective_from: '2024-01-01'
    formula: '0'

revenue_adjustment_regimeCO 39 § 39-22-123.5 · parameter

39-22-123.5(3.5)(b)-(c)

name: revenue_adjustment_regime
kind: parameter
dtype: Integer
source: 39-22-123.5(3.5)(b)-(c)
metadata:
  proof:
    atoms:
      - path: versions[1].formula
        kind: effective_period
        source:
          corpus_citation_path: us-co/statute/39/39-22-123.5
          excerpt: For the income tax year commencing on January 1, 2025
      - path: versions[2].formula
        kind: effective_period
        source:
          corpus_citation_path: us-co/statute/39/39-22-123.5
          excerpt: For income tax years commencing on or after January 1, 2026
versions:
  - effective_from: '0001-01-01'
    formula: '0'
  - effective_from: '2025-01-01'
    formula: '1'
  - effective_from: '2026-01-01'
    formula: '2'

adjustment_factor_threshold_for_single_year_increaseCO 39 § 39-22-123.5 · parameter

39-22-123.5(3.5)(b)

name: adjustment_factor_threshold_for_single_year_increase
kind: parameter
dtype: Rate
source: 39-22-123.5(3.5)(b)
metadata:
  proof:
    atoms:
      - path: versions[0].formula
        kind: amount
        source:
          corpus_citation_path: us-co/statute/39/39-22-123.5
          excerpt: equal to or greater than two percent
versions:
  - effective_from: '2025-01-01'
    formula: '0.02'

single_year_revenue_growth_percentage_point_increaseCO 39 § 39-22-123.5 · parameter

39-22-123.5(3.5)(b)

name: single_year_revenue_growth_percentage_point_increase
kind: parameter
dtype: Rate
source: 39-22-123.5(3.5)(b)
metadata:
  proof:
    atoms:
      - path: versions[0].formula
        kind: amount
        source:
          corpus_citation_path: us-co/statute/39/39-22-123.5
          excerpt: increased by fifteen percentage points
versions:
  - effective_from: '2025-01-01'
    formula: '0.15'

adjustment_factor_lower_bound_for_small_increaseCO 39 § 39-22-123.5 · parameter

39-22-123.5(3.5)(c)(I)

name: adjustment_factor_lower_bound_for_small_increase
kind: parameter
dtype: Rate
source: 39-22-123.5(3.5)(c)(I)
metadata:
  proof:
    atoms:
      - path: versions[0].formula
        kind: amount
        source:
          corpus_citation_path: us-co/statute/39/39-22-123.5
          excerpt: Equal to or greater than three percent
versions:
  - effective_from: '2026-01-01'
    formula: '0.03'

small_revenue_growth_percentage_point_increaseCO 39 § 39-22-123.5 · parameter

39-22-123.5(3.5)(c)(I)

name: small_revenue_growth_percentage_point_increase
kind: parameter
dtype: Rate
source: 39-22-123.5(3.5)(c)(I)
metadata:
  proof:
    atoms:
      - path: versions[0].formula
        kind: amount
        source:
          corpus_citation_path: us-co/statute/39/39-22-123.5
          excerpt: by five percentage points
versions:
  - effective_from: '2026-01-01'
    formula: '0.05'

adjustment_factor_lower_bound_for_moderate_increaseCO 39 § 39-22-123.5 · parameter

39-22-123.5(3.5)(c)(II)

name: adjustment_factor_lower_bound_for_moderate_increase
kind: parameter
dtype: Rate
source: 39-22-123.5(3.5)(c)(II)
metadata:
  proof:
    atoms:
      - path: versions[0].formula
        kind: amount
        source:
          corpus_citation_path: us-co/statute/39/39-22-123.5
          excerpt: greater than three and eighteen one-hundredths percent
versions:
  - effective_from: '2026-01-01'
    formula: '0.0318'

moderate_revenue_growth_percentage_point_increaseCO 39 § 39-22-123.5 · parameter

39-22-123.5(3.5)(c)(II)

name: moderate_revenue_growth_percentage_point_increase
kind: parameter
dtype: Rate
source: 39-22-123.5(3.5)(c)(II)
metadata:
  proof:
    atoms:
      - path: versions[0].formula
        kind: amount
        source:
          corpus_citation_path: us-co/statute/39/39-22-123.5
          excerpt: by ten percentage points
versions:
  - effective_from: '2026-01-01'
    formula: '0.10'

adjustment_factor_lower_bound_for_large_increaseCO 39 § 39-22-123.5 · parameter

39-22-123.5(3.5)(c)(III)

name: adjustment_factor_lower_bound_for_large_increase
kind: parameter
dtype: Rate
source: 39-22-123.5(3.5)(c)(III)
metadata:
  proof:
    atoms:
      - path: versions[0].formula
        kind: amount
        source:
          corpus_citation_path: us-co/statute/39/39-22-123.5
          excerpt: greater than three and thirty-seven one-hundredths percent
versions:
  - effective_from: '2026-01-01'
    formula: '0.0337'

large_revenue_growth_percentage_point_increaseCO 39 § 39-22-123.5 · parameter

39-22-123.5(3.5)(c)(III)

name: large_revenue_growth_percentage_point_increase
kind: parameter
dtype: Rate
source: 39-22-123.5(3.5)(c)(III)
metadata:
  proof:
    atoms:
      - path: versions[0].formula
        kind: amount
        source:
          corpus_citation_path: us-co/statute/39/39-22-123.5
          excerpt: by fifteen percentage points
versions:
  - effective_from: '2026-01-01'
    formula: '0.15'

adjustment_factor_lower_bound_for_larger_increaseCO 39 § 39-22-123.5 · parameter

39-22-123.5(3.5)(c)(IV)

name: adjustment_factor_lower_bound_for_larger_increase
kind: parameter
dtype: Rate
source: 39-22-123.5(3.5)(c)(IV)
metadata:
  proof:
    atoms:
      - path: versions[0].formula
        kind: amount
        source:
          corpus_citation_path: us-co/statute/39/39-22-123.5
          excerpt: greater than three and fifty-six one-hundredths percent
versions:
  - effective_from: '2026-01-01'
    formula: '0.0356'

larger_revenue_growth_percentage_point_increaseCO 39 § 39-22-123.5 · parameter

39-22-123.5(3.5)(c)(IV)

name: larger_revenue_growth_percentage_point_increase
kind: parameter
dtype: Rate
source: 39-22-123.5(3.5)(c)(IV)
metadata:
  proof:
    atoms:
      - path: versions[0].formula
        kind: amount
        source:
          corpus_citation_path: us-co/statute/39/39-22-123.5
          excerpt: by twenty percentage points
versions:
  - effective_from: '2026-01-01'
    formula: '0.20'

adjustment_factor_lower_bound_for_maximum_increaseCO 39 § 39-22-123.5 · parameter

39-22-123.5(3.5)(c)(V)

name: adjustment_factor_lower_bound_for_maximum_increase
kind: parameter
dtype: Rate
source: 39-22-123.5(3.5)(c)(V)
metadata:
  proof:
    atoms:
      - path: versions[0].formula
        kind: amount
        source:
          corpus_citation_path: us-co/statute/39/39-22-123.5
          excerpt: greater than three and seventy-five one-hundredths percent
versions:
  - effective_from: '2026-01-01'
    formula: '0.0375'

maximum_revenue_growth_percentage_point_increaseCO 39 § 39-22-123.5 · parameter

39-22-123.5(3.5)(c)(V)

name: maximum_revenue_growth_percentage_point_increase
kind: parameter
dtype: Rate
source: 39-22-123.5(3.5)(c)(V)
metadata:
  proof:
    atoms:
      - path: versions[0].formula
        kind: amount
        source:
          corpus_citation_path: us-co/statute/39/39-22-123.5
          excerpt: by twenty-five percentage points
versions:
  - effective_from: '2026-01-01'
    formula: '0.25'

revenue_growth_adjustment_percentage_pointsCO 39 § 39-22-123.5 (c) · derived

39-22-123.5(c)

name: revenue_growth_adjustment_percentage_points
kind: derived
entity: Person
dtype: Rate
period: Year
source: 39-22-123.5(c)
metadata:
  proof:
    atoms:
      - path: versions[0].formula
        kind: formula
        source:
          corpus_citation_path: us-co/statute/39/39-22-123.5
          excerpt: >-
            percentage ... is increased as follows if the estimated adjustment
            factor is as follows
versions:
  - effective_from: '0001-01-01'
    formula: |-
      if revenue_adjustment_regime == 1:
        if estimated_adjustment_factor >= adjustment_factor_threshold_for_single_year_increase: single_year_revenue_growth_percentage_point_increase else: 0
      else:
        if revenue_adjustment_regime == 2:
          if estimated_adjustment_factor >= adjustment_factor_lower_bound_for_maximum_increase: maximum_revenue_growth_percentage_point_increase else: if estimated_adjustment_factor >= adjustment_factor_lower_bound_for_larger_increase: larger_revenue_growth_percentage_point_increase else: if estimated_adjustment_factor >= adjustment_factor_lower_bound_for_large_increase: large_revenue_growth_percentage_point_increase else: if estimated_adjustment_factor >= adjustment_factor_lower_bound_for_moderate_increase: moderate_revenue_growth_percentage_point_increase else: if estimated_adjustment_factor >= adjustment_factor_lower_bound_for_small_increase: small_revenue_growth_percentage_point_increase else: 0
        else:
          0

credit_percentage_after_revenue_adjustmentCO 39 § 39-22-123.5 · derived

39-22-123.5(2)(d), (2.5)(e), (3.5)

name: credit_percentage_after_revenue_adjustment
kind: derived
entity: Person
dtype: Rate
period: Year
source: 39-22-123.5(2)(d), (2.5)(e), (3.5)
metadata:
  proof:
    atoms:
      - path: versions[0].formula
        kind: formula
        source:
          corpus_citation_path: us-co/statute/39/39-22-123.5
          excerpt: Except as otherwise provided in subsection (3.5)
versions:
  - effective_from: '0001-01-01'
    formula: >-
      base_credit_percentage + temporary_credit_percentage_increase +
      revenue_growth_adjustment_percentage_points

regular_federal_return_eitc_branch_before_part_year_apportionmentCO 39 § 39-22-123.5 · derived

39-22-123.5(2)

name: regular_federal_return_eitc_branch_before_part_year_apportionment
kind: derived
entity: Person
dtype: Money
period: Year
unit: USD
source: 39-22-123.5(2)
metadata:
  proof:
    atoms:
      - path: versions[0].formula
        kind: formula
        source:
          corpus_citation_path: us-co/statute/39/39-22-123.5
          excerpt: >-
            resident individual who claims an earned income tax credit on the
            individual's federal tax return
versions:
  - effective_from: '0001-01-01'
    formula: >-
      if resident_individual and
      claims_earned_income_tax_credit_on_federal_return: max(0,
      federal_earned_income_tax_credit_claimed_on_federal_return) *
      credit_percentage_after_revenue_adjustment else: 0

missing_valid_ssn_eitc_branch_before_part_year_apportionmentCO 39 § 39-22-123.5 · derived

39-22-123.5(2.5)

name: missing_valid_ssn_eitc_branch_before_part_year_apportionment
kind: derived
entity: Person
dtype: Money
period: Year
unit: USD
source: 39-22-123.5(2.5)
metadata:
  proof:
    atoms:
      - path: versions[0].formula
        kind: formula
        source:
          corpus_citation_path: us-co/statute/39/39-22-123.5
          excerpt: >-
            would have been allowed, but for the fact that ... do not have a
            social security number that is valid for employment
versions:
  - effective_from: '2020-01-01'
    formula: >-
      if resident_individual and
      federal_eitc_would_be_allowed_but_for_missing_valid_employment_ssn: max(0,
      federal_earned_income_tax_credit_would_have_been_allowed_but_for_missing_valid_employment_ssn)
      * credit_percentage_after_revenue_adjustment else: 0

regular_federal_return_eitc_branch_refundable_excessCO 39 § 39-22-123.5 · derived

39-22-123.5(4)

name: regular_federal_return_eitc_branch_refundable_excess
kind: derived
entity: Person
dtype: Money
period: Year
unit: USD
source: 39-22-123.5(4)
metadata:
  proof:
    atoms:
      - path: versions[0].formula
        kind: formula
        source:
          corpus_citation_path: us-co/statute/39/39-22-123.5
          excerpt: >-
            amount of the credit allowed under this section that exceeds ...
            income taxes due is refunded
versions:
  - effective_from: '0001-01-01'
    formula: >-
      max(0, regular_federal_return_eitc_branch_before_part_year_apportionment -
      max(0, state_income_taxes_due_under_article_22))

missing_valid_ssn_eitc_branch_refundable_excessCO 39 § 39-22-123.5 · derived

39-22-123.5(4)

name: missing_valid_ssn_eitc_branch_refundable_excess
kind: derived
entity: Person
dtype: Money
period: Year
unit: USD
source: 39-22-123.5(4)
metadata:
  proof:
    atoms:
      - path: versions[0].formula
        kind: formula
        source:
          corpus_citation_path: us-co/statute/39/39-22-123.5
          excerpt: >-
            amount of the credit allowed under this section that exceeds ...
            income taxes due is refunded
versions:
  - effective_from: '2020-01-01'
    formula: >-
      max(0, missing_valid_ssn_eitc_branch_before_part_year_apportionment -
      max(0, state_income_taxes_due_under_article_22))

regular_federal_return_eitc_branch_excluded_from_public_benefit_income_or_resourcesCO 39 § 39-22-123.5 · derived

39-22-123.5(6)

name: >-
  regular_federal_return_eitc_branch_excluded_from_public_benefit_income_or_resources
kind: derived
entity: Person
dtype: Money
period: Year
unit: USD
source: 39-22-123.5(6)
metadata:
  proof:
    atoms:
      - path: versions[0].formula
        kind: formula
        source:
          corpus_citation_path: us-co/statute/39/39-22-123.5
          excerpt: not considered to be income or resources
versions:
  - effective_from: '0001-01-01'
    formula: regular_federal_return_eitc_branch_before_part_year_apportionment

missing_valid_ssn_eitc_branch_excluded_from_public_benefit_income_or_resourcesCO 39 § 39-22-123.5 · derived

39-22-123.5(6)

name: missing_valid_ssn_eitc_branch_excluded_from_public_benefit_income_or_resources
kind: derived
entity: Person
dtype: Money
period: Year
unit: USD
source: 39-22-123.5(6)
metadata:
  proof:
    atoms:
      - path: versions[0].formula
        kind: formula
        source:
          corpus_citation_path: us-co/statute/39/39-22-123.5
          excerpt: not considered to be income or resources
versions:
  - effective_from: '2020-01-01'
    formula: missing_valid_ssn_eitc_branch_before_part_year_apportionment

Encoded from this provision

us-co/policy/income_tax/2026_full_year_resident_source_hold

co_pit_2026_refundable_creditsCO 39 § 39-22-123.5 · derived

Fail-closed Colorado refundable-credit sentinel while the complete 2026 credit surface is source held

name: co_pit_2026_refundable_credits
kind: derived
entity: TaxUnit
dtype: Money
period: Year
unit: USD
source: >-
  Fail-closed Colorado refundable-credit sentinel while the complete 2026 credit
  surface is source held
metadata:
  proof:
    atoms:
      - path: versions[0].formula
        kind: formula
        source:
          corpus_citation_path: us-co/statute/39/39-22-123.5
          excerpt: permanent and refundable state earned income tax credit
versions:
  - effective_from: '2026-01-01'
    effective_to: '2026-12-31'
    formula: '0'

co_pit_2026_tax_after_nonrefundable_creditsCO 39 § 39-22-123.5 · derived

Fail-closed Colorado tax-after-nonrefundable-credits sentinel while the credit surface is source held

name: co_pit_2026_tax_after_nonrefundable_credits
kind: derived
entity: TaxUnit
dtype: Money
period: Year
unit: USD
source: >-
  Fail-closed Colorado tax-after-nonrefundable-credits sentinel while the credit
  surface is source held
metadata:
  proof:
    atoms:
      - path: versions[0].formula
        kind: formula
        source:
          corpus_citation_path: us-co/statute/39/39-22-123.5
          excerpt: earned income tax credit against the taxes due under this article 22
versions:
  - effective_from: '2026-01-01'
    effective_to: '2026-12-31'
    formula: '0'

co_pit_2026_credit_surface_source_hold_appliesCO 39 § 39-22-123.5 · derived

Complete tax-year-2026 nonrefundable and refundable credit inventory, limitations, carryforwards, and ordering are not pinned

name: co_pit_2026_credit_surface_source_hold_applies
kind: derived
entity: TaxUnit
dtype: Judgment
period: Year
source: >-
  Complete tax-year-2026 nonrefundable and refundable credit inventory,
  limitations, carryforwards, and ordering are not pinned
metadata:
  proof:
    atoms:
      - path: versions[0].formula
        kind: condition
        source:
          corpus_citation_path: us-co/statute/39/39-22-123.5
          excerpt: >-
            permanent and refundable state earned income tax credit for eligible
            Colorado taxpayers
versions:
  - effective_from: '2026-01-01'
    effective_to: '2026-12-31'
    formula: true

us-co/policy/income_tax/eitc_pilot_pipeline

co_eitc_pilot_creditCO 39 § 39-22-123.5 · derived

39-22-123.5, the refundable credit equal to the imported base credit percentage of the supplied federal earned income credit, floored at zero

name: co_eitc_pilot_credit
kind: derived
entity: TaxUnit
dtype: Money
period: Year
unit: USD
source: >-
  39-22-123.5, the refundable credit equal to the imported base credit
  percentage of the supplied federal earned income credit, floored at zero
metadata:
  proof:
    atoms:
      - path: versions[0].formula
        kind: import
        import:
          target: us-co:statutes/39/39-22-123.5#base_credit_percentage
          output: base_credit_percentage
          hash: >-
            sha256:4b063b891583e67973bf071c32c20e86448500ebe4c876e221db19b17c372633
      - path: versions[0].formula
        kind: formula
        source:
          corpus_citation_path: us-co/statute/39/39-22-123.5
          excerpt: >-
            twenty-five percent of the federal credit that the resident
            individual claimed on the
versions:
  - effective_from: '2026-01-01'
    formula: max(0, co_eitc_pilot_supplied_federal_eitc) * base_credit_percentage

▸rulespec code

Shown source

statutes/39/39-22-123.5

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View on GitHub

Rules

base_credit_percentage

Parameter

source: 39-22-123.5(2), (2.5)

- name: base_credit_percentage
  kind: parameter
  dtype: Rate
  source: 39-22-123.5(2), (2.5)
  metadata:
    proof:
      atoms:
        - path: versions[0].formula
          kind: amount
          source:
            corpus_citation_path: us-co/statute/39/39-22-123.5
            excerpt: equal to ten percent of the federal credit
        - path: versions[1].formula
          kind: amount
          source:
            corpus_citation_path: us-co/statute/39/39-22-123.5
            excerpt: equal to twenty percent of the federal credit
        - path: versions[2].formula
          kind: amount
          source:
            corpus_citation_path: us-co/statute/39/39-22-123.5
            excerpt: equal to twenty-five percent of the federal credit
        - path: versions[3].formula
          kind: amount
          source:
            corpus_citation_path: us-co/statute/39/39-22-123.5
            excerpt: January 1, 2024, fifty percent
        - path: versions[4].formula
          kind: amount
          source:
            corpus_citation_path: us-co/statute/39/39-22-123.5
            excerpt: January 1, 2025, thirty-five percent
        - path: versions[5].formula
          kind: amount
          source:
            corpus_citation_path: us-co/statute/39/39-22-123.5
            excerpt: on or after January 1, 2026, twenty-five percent
  versions:
    - effective_from: '0001-01-01'
      formula: '0.10'
    - effective_from: '2022-01-01'
      formula: '0.20'
    - effective_from: '2023-01-01'
      formula: '0.25'
    - effective_from: '2024-01-01'
      formula: '0.50'
    - effective_from: '2025-01-01'
      formula: '0.35'
    - effective_from: '2026-01-01'
      formula: '0.25'

temporary_credit_percentage_increase

Parameter

source: 39-22-123.5(2.8)(a)

- name: temporary_credit_percentage_increase
  kind: parameter
  dtype: Rate
  source: 39-22-123.5(2.8)(a)
  metadata:
    proof:
      atoms:
        - path: versions[1].formula
          kind: amount
          source:
            corpus_citation_path: us-co/statute/39/39-22-123.5
            excerpt: increased from twenty-five percent to fifty percent
  versions:
    - effective_from: '0001-01-01'
      formula: '0'
    - effective_from: '2023-01-01'
      formula: '0.25'
    - effective_from: '2024-01-01'
      formula: '0'

revenue_adjustment_regime

Parameter

source: 39-22-123.5(3.5)(b)-(c)

- name: revenue_adjustment_regime
  kind: parameter
  dtype: Integer
  source: 39-22-123.5(3.5)(b)-(c)
  metadata:
    proof:
      atoms:
        - path: versions[1].formula
          kind: effective_period
          source:
            corpus_citation_path: us-co/statute/39/39-22-123.5
            excerpt: For the income tax year commencing on January 1, 2025
        - path: versions[2].formula
          kind: effective_period
          source:
            corpus_citation_path: us-co/statute/39/39-22-123.5
            excerpt: For income tax years commencing on or after January 1, 2026
  versions:
    - effective_from: '0001-01-01'
      formula: '0'
    - effective_from: '2025-01-01'
      formula: '1'
    - effective_from: '2026-01-01'
      formula: '2'

adjustment_factor_threshold_for_single_year_increase

Parameter

source: 39-22-123.5(3.5)(b)

- name: adjustment_factor_threshold_for_single_year_increase
  kind: parameter
  dtype: Rate
  source: 39-22-123.5(3.5)(b)
  metadata:
    proof:
      atoms:
        - path: versions[0].formula
          kind: amount
          source:
            corpus_citation_path: us-co/statute/39/39-22-123.5
            excerpt: equal to or greater than two percent
  versions:
    - effective_from: '2025-01-01'
      formula: '0.02'

single_year_revenue_growth_percentage_point_increase

Parameter

source: 39-22-123.5(3.5)(b)

- name: single_year_revenue_growth_percentage_point_increase
  kind: parameter
  dtype: Rate
  source: 39-22-123.5(3.5)(b)
  metadata:
    proof:
      atoms:
        - path: versions[0].formula
          kind: amount
          source:
            corpus_citation_path: us-co/statute/39/39-22-123.5
            excerpt: increased by fifteen percentage points
  versions:
    - effective_from: '2025-01-01'
      formula: '0.15'

adjustment_factor_lower_bound_for_small_increase

Parameter

source: 39-22-123.5(3.5)(c)(I)

- name: adjustment_factor_lower_bound_for_small_increase
  kind: parameter
  dtype: Rate
  source: 39-22-123.5(3.5)(c)(I)
  metadata:
    proof:
      atoms:
        - path: versions[0].formula
          kind: amount
          source:
            corpus_citation_path: us-co/statute/39/39-22-123.5
            excerpt: Equal to or greater than three percent
  versions:
    - effective_from: '2026-01-01'
      formula: '0.03'

small_revenue_growth_percentage_point_increase

Parameter

source: 39-22-123.5(3.5)(c)(I)

- name: small_revenue_growth_percentage_point_increase
  kind: parameter
  dtype: Rate
  source: 39-22-123.5(3.5)(c)(I)
  metadata:
    proof:
      atoms:
        - path: versions[0].formula
          kind: amount
          source:
            corpus_citation_path: us-co/statute/39/39-22-123.5
            excerpt: by five percentage points
  versions:
    - effective_from: '2026-01-01'
      formula: '0.05'

adjustment_factor_lower_bound_for_moderate_increase

Parameter

source: 39-22-123.5(3.5)(c)(II)

- name: adjustment_factor_lower_bound_for_moderate_increase
  kind: parameter
  dtype: Rate
  source: 39-22-123.5(3.5)(c)(II)
  metadata:
    proof:
      atoms:
        - path: versions[0].formula
          kind: amount
          source:
            corpus_citation_path: us-co/statute/39/39-22-123.5
            excerpt: greater than three and eighteen one-hundredths percent
  versions:
    - effective_from: '2026-01-01'
      formula: '0.0318'

moderate_revenue_growth_percentage_point_increase

Parameter

source: 39-22-123.5(3.5)(c)(II)

- name: moderate_revenue_growth_percentage_point_increase
  kind: parameter
  dtype: Rate
  source: 39-22-123.5(3.5)(c)(II)
  metadata:
    proof:
      atoms:
        - path: versions[0].formula
          kind: amount
          source:
            corpus_citation_path: us-co/statute/39/39-22-123.5
            excerpt: by ten percentage points
  versions:
    - effective_from: '2026-01-01'
      formula: '0.10'

adjustment_factor_lower_bound_for_large_increase

Parameter

source: 39-22-123.5(3.5)(c)(III)

- name: adjustment_factor_lower_bound_for_large_increase
  kind: parameter
  dtype: Rate
  source: 39-22-123.5(3.5)(c)(III)
  metadata:
    proof:
      atoms:
        - path: versions[0].formula
          kind: amount
          source:
            corpus_citation_path: us-co/statute/39/39-22-123.5
            excerpt: greater than three and thirty-seven one-hundredths percent
  versions:
    - effective_from: '2026-01-01'
      formula: '0.0337'

large_revenue_growth_percentage_point_increase

Parameter

source: 39-22-123.5(3.5)(c)(III)

- name: large_revenue_growth_percentage_point_increase
  kind: parameter
  dtype: Rate
  source: 39-22-123.5(3.5)(c)(III)
  metadata:
    proof:
      atoms:
        - path: versions[0].formula
          kind: amount
          source:
            corpus_citation_path: us-co/statute/39/39-22-123.5
            excerpt: by fifteen percentage points
  versions:
    - effective_from: '2026-01-01'
      formula: '0.15'

adjustment_factor_lower_bound_for_larger_increase

Parameter

source: 39-22-123.5(3.5)(c)(IV)

- name: adjustment_factor_lower_bound_for_larger_increase
  kind: parameter
  dtype: Rate
  source: 39-22-123.5(3.5)(c)(IV)
  metadata:
    proof:
      atoms:
        - path: versions[0].formula
          kind: amount
          source:
            corpus_citation_path: us-co/statute/39/39-22-123.5
            excerpt: greater than three and fifty-six one-hundredths percent
  versions:
    - effective_from: '2026-01-01'
      formula: '0.0356'

larger_revenue_growth_percentage_point_increase

Parameter

source: 39-22-123.5(3.5)(c)(IV)

- name: larger_revenue_growth_percentage_point_increase
  kind: parameter
  dtype: Rate
  source: 39-22-123.5(3.5)(c)(IV)
  metadata:
    proof:
      atoms:
        - path: versions[0].formula
          kind: amount
          source:
            corpus_citation_path: us-co/statute/39/39-22-123.5
            excerpt: by twenty percentage points
  versions:
    - effective_from: '2026-01-01'
      formula: '0.20'

adjustment_factor_lower_bound_for_maximum_increase

Parameter

source: 39-22-123.5(3.5)(c)(V)

- name: adjustment_factor_lower_bound_for_maximum_increase
  kind: parameter
  dtype: Rate
  source: 39-22-123.5(3.5)(c)(V)
  metadata:
    proof:
      atoms:
        - path: versions[0].formula
          kind: amount
          source:
            corpus_citation_path: us-co/statute/39/39-22-123.5
            excerpt: greater than three and seventy-five one-hundredths percent
  versions:
    - effective_from: '2026-01-01'
      formula: '0.0375'

maximum_revenue_growth_percentage_point_increase

Parameter

source: 39-22-123.5(3.5)(c)(V)

- name: maximum_revenue_growth_percentage_point_increase
  kind: parameter
  dtype: Rate
  source: 39-22-123.5(3.5)(c)(V)
  metadata:
    proof:
      atoms:
        - path: versions[0].formula
          kind: amount
          source:
            corpus_citation_path: us-co/statute/39/39-22-123.5
            excerpt: by twenty-five percentage points
  versions:
    - effective_from: '2026-01-01'
      formula: '0.25'

revenue_growth_adjustment_percentage_points

Derived(c) in text ↖

source: 39-22-123.5(c)

- name: revenue_growth_adjustment_percentage_points
  kind: derived
  entity: Person
  dtype: Rate
  period: Year
  source: 39-22-123.5(c)
  metadata:
    proof:
      atoms:
        - path: versions[0].formula
          kind: formula
          source:
            corpus_citation_path: us-co/statute/39/39-22-123.5
            excerpt: >-
              percentage ... is increased as follows if the estimated adjustment factor is as
              follows
  versions:
    - effective_from: '0001-01-01'
      formula: |-
        if revenue_adjustment_regime == 1:
          if estimated_adjustment_factor >= adjustment_factor_threshold_for_single_year_increase: single_year_revenue_growth_percentage_point_increase else: 0
        else:
          if revenue_adjustment_regime == 2:
            if estimated_adjustment_factor >= adjustment_factor_lower_bound_for_maximum_increase: maximum_revenue_growth_percentage_point_increase else: if estimated_adjustment_factor >= adjustment_factor_lower_bound_for_larger_increase: larger_revenue_growth_percentage_point_increase else: if estimated_adjustment_factor >= adjustment_factor_lower_bound_for_large_increase: large_revenue_growth_percentage_point_increase else: if estimated_adjustment_factor >= adjustment_factor_lower_bound_for_moderate_increase: moderate_revenue_growth_percentage_point_increase else: if estimated_adjustment_factor >= adjustment_factor_lower_bound_for_small_increase: small_revenue_growth_percentage_point_increase else: 0
          else:
            0

credit_percentage_after_revenue_adjustment

Derived

source: 39-22-123.5(2)(d), (2.5)(e), (3.5)

- name: credit_percentage_after_revenue_adjustment
  kind: derived
  entity: Person
  dtype: Rate
  period: Year
  source: 39-22-123.5(2)(d), (2.5)(e), (3.5)
  metadata:
    proof:
      atoms:
        - path: versions[0].formula
          kind: formula
          source:
            corpus_citation_path: us-co/statute/39/39-22-123.5
            excerpt: Except as otherwise provided in subsection (3.5)
  versions:
    - effective_from: '0001-01-01'
      formula: >-
        base_credit_percentage + temporary_credit_percentage_increase +
        revenue_growth_adjustment_percentage_points

regular_federal_return_eitc_branch_before_part_year_apportionment

Derived

source: 39-22-123.5(2)

- name: regular_federal_return_eitc_branch_before_part_year_apportionment
  kind: derived
  entity: Person
  dtype: Money
  period: Year
  unit: USD
  source: 39-22-123.5(2)
  metadata:
    proof:
      atoms:
        - path: versions[0].formula
          kind: formula
          source:
            corpus_citation_path: us-co/statute/39/39-22-123.5
            excerpt: >-
              resident individual who claims an earned income tax credit on the individual's federal
              tax return
  versions:
    - effective_from: '0001-01-01'
      formula: >-
        if resident_individual and claims_earned_income_tax_credit_on_federal_return: max(0,
        federal_earned_income_tax_credit_claimed_on_federal_return) *
        credit_percentage_after_revenue_adjustment else: 0

missing_valid_ssn_eitc_branch_before_part_year_apportionment

Derived

source: 39-22-123.5(2.5)

- name: missing_valid_ssn_eitc_branch_before_part_year_apportionment
  kind: derived
  entity: Person
  dtype: Money
  period: Year
  unit: USD
  source: 39-22-123.5(2.5)
  metadata:
    proof:
      atoms:
        - path: versions[0].formula
          kind: formula
          source:
            corpus_citation_path: us-co/statute/39/39-22-123.5
            excerpt: >-
              would have been allowed, but for the fact that ... do not have a social security
              number that is valid for employment
  versions:
    - effective_from: '2020-01-01'
      formula: >-
        if resident_individual and
        federal_eitc_would_be_allowed_but_for_missing_valid_employment_ssn: max(0,
        federal_earned_income_tax_credit_would_have_been_allowed_but_for_missing_valid_employment_ssn)
        * credit_percentage_after_revenue_adjustment else: 0

regular_federal_return_eitc_branch_refundable_excess

Derived

source: 39-22-123.5(4)

- name: regular_federal_return_eitc_branch_refundable_excess
  kind: derived
  entity: Person
  dtype: Money
  period: Year
  unit: USD
  source: 39-22-123.5(4)
  metadata:
    proof:
      atoms:
        - path: versions[0].formula
          kind: formula
          source:
            corpus_citation_path: us-co/statute/39/39-22-123.5
            excerpt: >-
              amount of the credit allowed under this section that exceeds ... income taxes due is
              refunded
  versions:
    - effective_from: '0001-01-01'
      formula: >-
        max(0, regular_federal_return_eitc_branch_before_part_year_apportionment - max(0,
        state_income_taxes_due_under_article_22))

missing_valid_ssn_eitc_branch_refundable_excess

Derived

source: 39-22-123.5(4)

- name: missing_valid_ssn_eitc_branch_refundable_excess
  kind: derived
  entity: Person
  dtype: Money
  period: Year
  unit: USD
  source: 39-22-123.5(4)
  metadata:
    proof:
      atoms:
        - path: versions[0].formula
          kind: formula
          source:
            corpus_citation_path: us-co/statute/39/39-22-123.5
            excerpt: >-
              amount of the credit allowed under this section that exceeds ... income taxes due is
              refunded
  versions:
    - effective_from: '2020-01-01'
      formula: >-
        max(0, missing_valid_ssn_eitc_branch_before_part_year_apportionment - max(0,
        state_income_taxes_due_under_article_22))

regular_federal_return_eitc_branch_excluded_from_public_benefit_income_or_resources

Derived

source: 39-22-123.5(6)

- name: regular_federal_return_eitc_branch_excluded_from_public_benefit_income_or_resources
  kind: derived
  entity: Person
  dtype: Money
  period: Year
  unit: USD
  source: 39-22-123.5(6)
  metadata:
    proof:
      atoms:
        - path: versions[0].formula
          kind: formula
          source:
            corpus_citation_path: us-co/statute/39/39-22-123.5
            excerpt: not considered to be income or resources
  versions:
    - effective_from: '0001-01-01'
      formula: regular_federal_return_eitc_branch_before_part_year_apportionment

missing_valid_ssn_eitc_branch_excluded_from_public_benefit_income_or_resources

Derived

source: 39-22-123.5(6)

- name: missing_valid_ssn_eitc_branch_excluded_from_public_benefit_income_or_resources
  kind: derived
  entity: Person
  dtype: Money
  period: Year
  unit: USD
  source: 39-22-123.5(6)
  metadata:
    proof:
      atoms:
        - path: versions[0].formula
          kind: formula
          source:
            corpus_citation_path: us-co/statute/39/39-22-123.5
            excerpt: not considered to be income or resources
  versions:
    - effective_from: '2020-01-01'
      formula: missing_valid_ssn_eitc_branch_before_part_year_apportionment

co_pit_2026_refundable_credits

Derived

source: Fail-closed Colorado refundable-credit sentinel while the complete 2026 credit surface is source held

- name: co_pit_2026_refundable_credits
  kind: derived
  entity: TaxUnit
  dtype: Money
  period: Year
  unit: USD
  source: >-
    Fail-closed Colorado refundable-credit sentinel while the complete 2026 credit surface is source
    held
  metadata:
    proof:
      atoms:
        - path: versions[0].formula
          kind: formula
          source:
            corpus_citation_path: us-co/statute/39/39-22-123.5
            excerpt: permanent and refundable state earned income tax credit
  versions:
    - effective_from: '2026-01-01'
      effective_to: '2026-12-31'
      formula: '0'

co_pit_2026_tax_after_nonrefundable_credits

Derived

source: Fail-closed Colorado tax-after-nonrefundable-credits sentinel while the credit surface is source held

- name: co_pit_2026_tax_after_nonrefundable_credits
  kind: derived
  entity: TaxUnit
  dtype: Money
  period: Year
  unit: USD
  source: >-
    Fail-closed Colorado tax-after-nonrefundable-credits sentinel while the credit surface is source
    held
  metadata:
    proof:
      atoms:
        - path: versions[0].formula
          kind: formula
          source:
            corpus_citation_path: us-co/statute/39/39-22-123.5
            excerpt: earned income tax credit against the taxes due under this article 22
  versions:
    - effective_from: '2026-01-01'
      effective_to: '2026-12-31'
      formula: '0'

co_eitc_pilot_credit

Derived

source: 39-22-123.5, the refundable credit equal to the imported base credit percentage of the supplied federal earned income credit, floored at zero

- name: co_eitc_pilot_credit
  kind: derived
  entity: TaxUnit
  dtype: Money
  period: Year
  unit: USD
  source: >-
    39-22-123.5, the refundable credit equal to the imported base credit percentage of the supplied
    federal earned income credit, floored at zero
  metadata:
    proof:
      atoms:
        - path: versions[0].formula
          kind: import
          import:
            target: us-co:statutes/39/39-22-123.5#base_credit_percentage
            output: base_credit_percentage
            hash: sha256:4b063b891583e67973bf071c32c20e86448500ebe4c876e221db19b17c372633
        - path: versions[0].formula
          kind: formula
          source:
            corpus_citation_path: us-co/statute/39/39-22-123.5
            excerpt: twenty-five percent of the federal credit that the resident individual claimed on the
  versions:
    - effective_from: '2026-01-01'
      formula: max(0, co_eitc_pilot_supplied_federal_eitc) * base_credit_percentage

co_pit_2026_credit_surface_source_hold_applies

Derived

source: Complete tax-year-2026 nonrefundable and refundable credit inventory, limitations, carryforwards, and ordering are not pinned

- name: co_pit_2026_credit_surface_source_hold_applies
  kind: derived
  entity: TaxUnit
  dtype: Judgment
  period: Year
  source: >-
    Complete tax-year-2026 nonrefundable and refundable credit inventory, limitations,
    carryforwards, and ordering are not pinned
  metadata:
    proof:
      atoms:
        - path: versions[0].formula
          kind: condition
          source:
            corpus_citation_path: us-co/statute/39/39-22-123.5
            excerpt: >-
              permanent and refundable state earned income tax credit for eligible Colorado
              taxpayers
  versions:
    - effective_from: '2026-01-01'
      effective_to: '2026-12-31'
      formula: true

▸citations (7)

References

This rule cites 7 other rules.

CO 39 § 39-22-123inferredCO › Statutes › Title 39 › § 39-22-123
CO 39 § 20inferredCO › Statutes › Title 39 › § 20
CO 39 § 24-77-103.6 (6)(c)inferredCO › Statutes › Title 39 › § 24-77-103.6 › (6)(c)
CO 39 § 39-3-209inferredCO › Statutes › Title 39 › § 39-3-209
CO 39 § 20 (7)(d)inferredCO › Statutes › Title 39 › § 20 › (7)(d)
CO 39 § 39-22-130inferredCO › Statutes › Title 39 › § 39-22-130
CO 39 § 39-22-110 (1)inferredCO › Statutes › Title 39 › § 39-22-110 › (1)