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us-co/statute/39/39-22-308 — Credit allowed for purchase of Colorado coal · Axiom

Credit allowed for purchase of Colorado coal

5 rules

(1) For income tax years commencing on or after January 1, 1989, but prior to January 1, 2005, there shall be allowed, as a credit against any taxes imposed on income by this part 3, an amount equal to one dollar per ton for each ton of Colorado coal purchased by and delivered to the taxpayer in excess of the number of tons of Colorado coal purchased by and delivered to the taxpayer in the income tax year commencing on or after January 1, 1988. If the amount of the tax credit allowed by this section exceeds the amount of income tax due for the taxable year, the excess amount may be carried forward as a credit against subsequent years' income tax liability for a period not exceeding three years and shall be applied first to the earliest income tax years possible. For purposes of this section, Colorado coal means coal mined in Colorado, as certified by the producer of such coal.

(2) (a) Any public or private corporate purchaser who is not liable for or subject to state income tax during the year the coal is purchased and who is otherwise eligible for the credit allowed by subsection (1) of this section may by written agreement transfer such credit to the producer of the coal. Said producer shall be allowed, as a credit against any taxes imposed on income by this part 3, an amount equal to the amount of credit for which the purchaser would otherwise have been eligible pursuant to subsection (1) of this section. Any such credit shall be subject to any limitations established in subsection (1) of this section. Said producer shall reduce the purchase price of said coal to such corporate purchaser by the amount of the credit so transferred.

(b) The corporate purchaser shall file a copy of the written agreement with the department of revenue. The agreement shall contain, but shall not be limited to, terms stipulating the number of tons of Colorado coal purchased by the corporate purchaser in the 1988 base income tax year and the number of tons of Colorado coal over and above that base amount which is being purchased pursuant to the agreement.

in view

Whole section

Encodings · 5

colorado_coal_credit_per_tonCO 39 § 39-22-308 · parameter

C.R.S. 39-22-308(1)

name: colorado_coal_credit_per_ton
kind: parameter
dtype: Money
unit: USD
source: C.R.S. 39-22-308(1)
metadata:
  proof:
    atoms:
      - path: versions[0].formula
        kind: amount
        source:
          corpus_citation_path: us-co/statute/39/39-22-308
          excerpt: an amount equal to one dollar per ton
versions:
  - effective_from: '1989-01-01'
    formula: '1'

colorado_coal_credit_carryforward_maximum_yearsCO 39 § 39-22-308 · parameter

C.R.S. 39-22-308(1)

name: colorado_coal_credit_carryforward_maximum_years
kind: parameter
dtype: Count
source: C.R.S. 39-22-308(1)
metadata:
  proof:
    atoms:
      - path: versions[0].formula
        kind: parameter
        source:
          corpus_citation_path: us-co/statute/39/39-22-308
          excerpt: for a period not exceeding three years
versions:
  - effective_from: '1989-01-01'
    formula: '3'

colorado_coal_tons_in_excess_of_base_yearCO 39 § 39-22-308 · derived

C.R.S. 39-22-308(1)

name: colorado_coal_tons_in_excess_of_base_year
kind: derived
entity: TaxUnit
dtype: Count
period: Year
source: C.R.S. 39-22-308(1)
metadata:
  proof:
    atoms:
      - path: versions[0].formula
        kind: formula
        source:
          corpus_citation_path: us-co/statute/39/39-22-308
          excerpt: >-
            in excess of the number of tons of Colorado coal purchased by and
            delivered to the taxpayer in the income tax year commencing on or
            after January 1, 1988
versions:
  - effective_from: '1989-01-01'
    formula: >-
      max(0, colorado_coal_tons_purchased_and_delivered -
      colorado_coal_tons_purchased_and_delivered_in_base_year)

colorado_coal_purchase_credit_availableCO 39 § 39-22-308 · derived

C.R.S. 39-22-308(1)

name: colorado_coal_purchase_credit_available
kind: derived
entity: TaxUnit
dtype: Judgment
period: Year
source: C.R.S. 39-22-308(1)
metadata:
  proof:
    atoms:
      - path: versions[0].formula
        kind: condition
        source:
          corpus_citation_path: us-co/statute/39/39-22-308
          excerpt: >-
            For income tax years commencing on or after January 1, 1989, but
            prior to January 1, 2005
      - path: versions[0].formula
        kind: definition
        source:
          corpus_citation_path: us-co/statute/39/39-22-308
          excerpt: >-
            Colorado coal means coal mined in Colorado, as certified by the
            producer
      - path: versions[0].formula
        kind: formula
        source:
          corpus_citation_path: us-co/statute/39/39-22-308
          excerpt: >-
            for each ton of Colorado coal purchased by and delivered to the
            taxpayer in excess
versions:
  - effective_from: '1989-01-01'
    formula: |-
      income_tax_year_is_within_colorado_coal_credit_period
      and purchased_coal_is_colorado_coal_certified_by_producer
      and colorado_coal_tons_in_excess_of_base_year > 0

colorado_coal_purchase_creditCO 39 § 39-22-308 · derived

C.R.S. 39-22-308(1)

name: colorado_coal_purchase_credit
kind: derived
entity: TaxUnit
dtype: Money
unit: USD
period: Year
source: C.R.S. 39-22-308(1)
metadata:
  proof:
    atoms:
      - path: versions[0].formula
        kind: formula
        source:
          corpus_citation_path: us-co/statute/39/39-22-308
          excerpt: >-
            an amount equal to one dollar per ton for each ton of Colorado coal
            purchased by and delivered to the taxpayer in excess
      - path: versions[0].formula
        kind: amount
        source:
          corpus_citation_path: us-co/statute/39/39-22-308
          excerpt: one dollar per ton
versions:
  - effective_from: '1989-01-01'
    formula: >-
      if colorado_coal_purchase_credit_available: colorado_coal_credit_per_ton *
      colorado_coal_tons_in_excess_of_base_year else: 0

▸rulespec code

Shown source

statutes/39/39-22-308.yaml

Displaying the canonical repository encoding.

View on GitHub

Rules

colorado_coal_credit_per_ton

Parameter

source: C.R.S. 39-22-308(1)

- name: colorado_coal_credit_per_ton
  kind: parameter
  dtype: Money
  unit: USD
  source: C.R.S. 39-22-308(1)
  metadata:
    proof:
      atoms:
        - path: versions[0].formula
          kind: amount
          source:
            corpus_citation_path: us-co/statute/39/39-22-308
            excerpt: an amount equal to one dollar per ton
  versions:
    - effective_from: '1989-01-01'
      formula: '1'

colorado_coal_credit_carryforward_maximum_years

Parameter

source: C.R.S. 39-22-308(1)

- name: colorado_coal_credit_carryforward_maximum_years
  kind: parameter
  dtype: Count
  source: C.R.S. 39-22-308(1)
  metadata:
    proof:
      atoms:
        - path: versions[0].formula
          kind: parameter
          source:
            corpus_citation_path: us-co/statute/39/39-22-308
            excerpt: for a period not exceeding three years
  versions:
    - effective_from: '1989-01-01'
      formula: '3'

colorado_coal_tons_in_excess_of_base_year

Derived

source: C.R.S. 39-22-308(1)

- name: colorado_coal_tons_in_excess_of_base_year
  kind: derived
  entity: TaxUnit
  dtype: Count
  period: Year
  source: C.R.S. 39-22-308(1)
  metadata:
    proof:
      atoms:
        - path: versions[0].formula
          kind: formula
          source:
            corpus_citation_path: us-co/statute/39/39-22-308
            excerpt: >-
              in excess of the number of tons of Colorado coal purchased by and delivered to the
              taxpayer in the income tax year commencing on or after January 1, 1988
  versions:
    - effective_from: '1989-01-01'
      formula: >-
        max(0, colorado_coal_tons_purchased_and_delivered -
        colorado_coal_tons_purchased_and_delivered_in_base_year)

colorado_coal_purchase_credit_available

Derived

source: C.R.S. 39-22-308(1)

- name: colorado_coal_purchase_credit_available
  kind: derived
  entity: TaxUnit
  dtype: Judgment
  period: Year
  source: C.R.S. 39-22-308(1)
  metadata:
    proof:
      atoms:
        - path: versions[0].formula
          kind: condition
          source:
            corpus_citation_path: us-co/statute/39/39-22-308
            excerpt: >-
              For income tax years commencing on or after January 1, 1989, but prior to January 1,
              2005
        - path: versions[0].formula
          kind: definition
          source:
            corpus_citation_path: us-co/statute/39/39-22-308
            excerpt: Colorado coal means coal mined in Colorado, as certified by the producer
        - path: versions[0].formula
          kind: formula
          source:
            corpus_citation_path: us-co/statute/39/39-22-308
            excerpt: for each ton of Colorado coal purchased by and delivered to the taxpayer in excess
  versions:
    - effective_from: '1989-01-01'
      formula: |-
        income_tax_year_is_within_colorado_coal_credit_period
        and purchased_coal_is_colorado_coal_certified_by_producer
        and colorado_coal_tons_in_excess_of_base_year > 0

colorado_coal_purchase_credit

Derived

source: C.R.S. 39-22-308(1)

- name: colorado_coal_purchase_credit
  kind: derived
  entity: TaxUnit
  dtype: Money
  unit: USD
  period: Year
  source: C.R.S. 39-22-308(1)
  metadata:
    proof:
      atoms:
        - path: versions[0].formula
          kind: formula
          source:
            corpus_citation_path: us-co/statute/39/39-22-308
            excerpt: >-
              an amount equal to one dollar per ton for each ton of Colorado coal purchased by and
              delivered to the taxpayer in excess
        - path: versions[0].formula
          kind: amount
          source:
            corpus_citation_path: us-co/statute/39/39-22-308
            excerpt: one dollar per ton
  versions:
    - effective_from: '1989-01-01'
      formula: >-
        if colorado_coal_purchase_credit_available: colorado_coal_credit_per_ton *
        colorado_coal_tons_in_excess_of_base_year else: 0

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Credit allowed for purchase of Colorado coal

5 rules

Official source

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in view

Whole section

Encodings · 5

colorado_coal_credit_per_tonCO 39 § 39-22-308 · parameter

C.R.S. 39-22-308(1)

name: colorado_coal_credit_per_ton
kind: parameter
dtype: Money
unit: USD
source: C.R.S. 39-22-308(1)
metadata:
  proof:
    atoms:
      - path: versions[0].formula
        kind: amount
        source:
          corpus_citation_path: us-co/statute/39/39-22-308
          excerpt: an amount equal to one dollar per ton
versions:
  - effective_from: '1989-01-01'
    formula: '1'

colorado_coal_credit_carryforward_maximum_yearsCO 39 § 39-22-308 · parameter

C.R.S. 39-22-308(1)

name: colorado_coal_credit_carryforward_maximum_years
kind: parameter
dtype: Count
source: C.R.S. 39-22-308(1)
metadata:
  proof:
    atoms:
      - path: versions[0].formula
        kind: parameter
        source:
          corpus_citation_path: us-co/statute/39/39-22-308
          excerpt: for a period not exceeding three years
versions:
  - effective_from: '1989-01-01'
    formula: '3'

colorado_coal_tons_in_excess_of_base_yearCO 39 § 39-22-308 · derived

C.R.S. 39-22-308(1)

name: colorado_coal_tons_in_excess_of_base_year
kind: derived
entity: TaxUnit
dtype: Count
period: Year
source: C.R.S. 39-22-308(1)
metadata:
  proof:
    atoms:
      - path: versions[0].formula
        kind: formula
        source:
          corpus_citation_path: us-co/statute/39/39-22-308
          excerpt: >-
            in excess of the number of tons of Colorado coal purchased by and
            delivered to the taxpayer in the income tax year commencing on or
            after January 1, 1988
versions:
  - effective_from: '1989-01-01'
    formula: >-
      max(0, colorado_coal_tons_purchased_and_delivered -
      colorado_coal_tons_purchased_and_delivered_in_base_year)

colorado_coal_purchase_credit_availableCO 39 § 39-22-308 · derived

C.R.S. 39-22-308(1)

name: colorado_coal_purchase_credit_available
kind: derived
entity: TaxUnit
dtype: Judgment
period: Year
source: C.R.S. 39-22-308(1)
metadata:
  proof:
    atoms:
      - path: versions[0].formula
        kind: condition
        source:
          corpus_citation_path: us-co/statute/39/39-22-308
          excerpt: >-
            For income tax years commencing on or after January 1, 1989, but
            prior to January 1, 2005
      - path: versions[0].formula
        kind: definition
        source:
          corpus_citation_path: us-co/statute/39/39-22-308
          excerpt: >-
            Colorado coal means coal mined in Colorado, as certified by the
            producer
      - path: versions[0].formula
        kind: formula
        source:
          corpus_citation_path: us-co/statute/39/39-22-308
          excerpt: >-
            for each ton of Colorado coal purchased by and delivered to the
            taxpayer in excess
versions:
  - effective_from: '1989-01-01'
    formula: |-
      income_tax_year_is_within_colorado_coal_credit_period
      and purchased_coal_is_colorado_coal_certified_by_producer
      and colorado_coal_tons_in_excess_of_base_year > 0

colorado_coal_purchase_creditCO 39 § 39-22-308 · derived

C.R.S. 39-22-308(1)

name: colorado_coal_purchase_credit
kind: derived
entity: TaxUnit
dtype: Money
unit: USD
period: Year
source: C.R.S. 39-22-308(1)
metadata:
  proof:
    atoms:
      - path: versions[0].formula
        kind: formula
        source:
          corpus_citation_path: us-co/statute/39/39-22-308
          excerpt: >-
            an amount equal to one dollar per ton for each ton of Colorado coal
            purchased by and delivered to the taxpayer in excess
      - path: versions[0].formula
        kind: amount
        source:
          corpus_citation_path: us-co/statute/39/39-22-308
          excerpt: one dollar per ton
versions:
  - effective_from: '1989-01-01'
    formula: >-
      if colorado_coal_purchase_credit_available: colorado_coal_credit_per_ton *
      colorado_coal_tons_in_excess_of_base_year else: 0

▸rulespec code

Shown source

statutes/39/39-22-308.yaml

Displaying the canonical repository encoding.

View on GitHub

Rules

colorado_coal_credit_per_ton

Parameter

source: C.R.S. 39-22-308(1)

- name: colorado_coal_credit_per_ton
  kind: parameter
  dtype: Money
  unit: USD
  source: C.R.S. 39-22-308(1)
  metadata:
    proof:
      atoms:
        - path: versions[0].formula
          kind: amount
          source:
            corpus_citation_path: us-co/statute/39/39-22-308
            excerpt: an amount equal to one dollar per ton
  versions:
    - effective_from: '1989-01-01'
      formula: '1'

colorado_coal_credit_carryforward_maximum_years

Parameter

source: C.R.S. 39-22-308(1)

- name: colorado_coal_credit_carryforward_maximum_years
  kind: parameter
  dtype: Count
  source: C.R.S. 39-22-308(1)
  metadata:
    proof:
      atoms:
        - path: versions[0].formula
          kind: parameter
          source:
            corpus_citation_path: us-co/statute/39/39-22-308
            excerpt: for a period not exceeding three years
  versions:
    - effective_from: '1989-01-01'
      formula: '3'

colorado_coal_tons_in_excess_of_base_year

Derived

source: C.R.S. 39-22-308(1)

- name: colorado_coal_tons_in_excess_of_base_year
  kind: derived
  entity: TaxUnit
  dtype: Count
  period: Year
  source: C.R.S. 39-22-308(1)
  metadata:
    proof:
      atoms:
        - path: versions[0].formula
          kind: formula
          source:
            corpus_citation_path: us-co/statute/39/39-22-308
            excerpt: >-
              in excess of the number of tons of Colorado coal purchased by and delivered to the
              taxpayer in the income tax year commencing on or after January 1, 1988
  versions:
    - effective_from: '1989-01-01'
      formula: >-
        max(0, colorado_coal_tons_purchased_and_delivered -
        colorado_coal_tons_purchased_and_delivered_in_base_year)

colorado_coal_purchase_credit_available

Derived

source: C.R.S. 39-22-308(1)

- name: colorado_coal_purchase_credit_available
  kind: derived
  entity: TaxUnit
  dtype: Judgment
  period: Year
  source: C.R.S. 39-22-308(1)
  metadata:
    proof:
      atoms:
        - path: versions[0].formula
          kind: condition
          source:
            corpus_citation_path: us-co/statute/39/39-22-308
            excerpt: >-
              For income tax years commencing on or after January 1, 1989, but prior to January 1,
              2005
        - path: versions[0].formula
          kind: definition
          source:
            corpus_citation_path: us-co/statute/39/39-22-308
            excerpt: Colorado coal means coal mined in Colorado, as certified by the producer
        - path: versions[0].formula
          kind: formula
          source:
            corpus_citation_path: us-co/statute/39/39-22-308
            excerpt: for each ton of Colorado coal purchased by and delivered to the taxpayer in excess
  versions:
    - effective_from: '1989-01-01'
      formula: |-
        income_tax_year_is_within_colorado_coal_credit_period
        and purchased_coal_is_colorado_coal_certified_by_producer
        and colorado_coal_tons_in_excess_of_base_year > 0

colorado_coal_purchase_credit

Derived

source: C.R.S. 39-22-308(1)

- name: colorado_coal_purchase_credit
  kind: derived
  entity: TaxUnit
  dtype: Money
  unit: USD
  period: Year
  source: C.R.S. 39-22-308(1)
  metadata:
    proof:
      atoms:
        - path: versions[0].formula
          kind: formula
          source:
            corpus_citation_path: us-co/statute/39/39-22-308
            excerpt: >-
              an amount equal to one dollar per ton for each ton of Colorado coal purchased by and
              delivered to the taxpayer in excess
        - path: versions[0].formula
          kind: amount
          source:
            corpus_citation_path: us-co/statute/39/39-22-308
            excerpt: one dollar per ton
  versions:
    - effective_from: '1989-01-01'
      formula: >-
        if colorado_coal_purchase_credit_available: colorado_coal_credit_per_ton *
        colorado_coal_tons_in_excess_of_base_year else: 0