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us-co/statute/39/39-22-517 — Tax credit for child care center investments - repeal · Axiom

Tax credit for child care center investments - repeal

7 rules

(1) With respect to taxable years commencing on or after January 1, 1992, and prior to January 1, 2029, there is allowed to any person operating a child care center licensed pursuant to section 26-6-905 or 26.5-5-309, family child care home licensed pursuant to section 26.5-5-309, or foster care home licensed pursuant to section 26-6-905 a credit against the tax imposed by this article 22 in the amount of twenty percent of the taxpayer's annual investment in tangible personal property to be used in such child care center, family child care home, or foster care home.

(2) With respect to taxable years commencing on or after July 1, 1992, and prior to January 1, 2029, there is allowed to any sole proprietorship, partnership, limited liability corporation, subchapter S corporation, or regular corporation that provides child care facilities that are incidental to their business and are licensed pursuant to section 26-6-905 or 26.5-5-309 for the use of its employees a credit against the tax imposed by this article 22 in the amount of ten percent of the taxpayer's annual investment in tangible personal property to be used in such child care facilities.

(3) The credit allowed by this section for any income tax year shall not exceed the taxpayer's actual tax liability for such taxable year. If the amount of the credit allowed by this section exceeds the taxpayer's actual tax liability for any income tax year in which the child care center investment credit is claimed, referred to in this subsection (3) as the unused credit year, such excess shall be an investment tax credit carryover to each of the three income tax years following the unused credit year and shall be applied first to the earliest income tax years possible.

(4) This section is repealed, effective December 31, 2036.

in view

Whole section

Encodings · 7

qualifying_child_care_center_investment_credit_rateCO 39 § 39-22-517 · parameter

Colo. Rev. Stat. § 39-22-517(1)

name: qualifying_child_care_center_investment_credit_rate
kind: parameter
dtype: Rate
source: Colo. Rev. Stat. § 39-22-517(1)
metadata:
  proof:
    atoms:
      - path: versions[0].formula
        kind: parameter
        source:
          corpus_citation_path: us-co/statute/39/39-22-517
          excerpt: twenty percent
versions:
  - effective_from: '1992-01-01'
    formula: '0.20'

employee_child_care_facility_investment_credit_rateCO 39 § 39-22-517 · parameter

Colo. Rev. Stat. § 39-22-517(2)

name: employee_child_care_facility_investment_credit_rate
kind: parameter
dtype: Rate
source: Colo. Rev. Stat. § 39-22-517(2)
metadata:
  proof:
    atoms:
      - path: versions[0].formula
        kind: parameter
        source:
          corpus_citation_path: us-co/statute/39/39-22-517
          excerpt: ten percent
versions:
  - effective_from: '1992-07-01'
    formula: '0.10'

child_care_center_investment_creditCO 39 § 39-22-517 · derived

Colo. Rev. Stat. § 39-22-517(1)

name: child_care_center_investment_credit
kind: derived
entity: TaxUnit
dtype: Money
unit: USD
period: Year
source: Colo. Rev. Stat. § 39-22-517(1)
metadata:
  proof:
    atoms:
      - path: versions[0].formula
        kind: formula
        source:
          corpus_citation_path: us-co/statute/39/39-22-517
          excerpt: >-
            credit ... in the amount of twenty percent of the taxpayer's annual
            investment in tangible personal property
versions:
  - effective_from: '1992-01-01'
    formula: >-
      if taxable_year_is_within_child_care_center_credit_effective_window and
      taxpayer_operates_specified_licensed_child_care_or_foster_care_facility:
        qualifying_child_care_center_investment_credit_rate * max(0, annual_investment_in_tangible_personal_property_for_specified_child_care_or_foster_care_facility)
      else: 0

employee_child_care_facility_investment_creditCO 39 § 39-22-517 · derived

Colo. Rev. Stat. § 39-22-517(2)

name: employee_child_care_facility_investment_credit
kind: derived
entity: TaxUnit
dtype: Money
unit: USD
period: Year
source: Colo. Rev. Stat. § 39-22-517(2)
metadata:
  proof:
    atoms:
      - path: versions[0].formula
        kind: formula
        source:
          corpus_citation_path: us-co/statute/39/39-22-517
          excerpt: >-
            credit ... in the amount of ten percent of the taxpayer's annual
            investment in tangible personal property
versions:
  - effective_from: '1992-07-01'
    formula: >-
      if
      taxable_year_is_within_employee_child_care_facility_credit_effective_window
      and taxpayer_provides_specified_licensed_employee_child_care_facilities:
        employee_child_care_facility_investment_credit_rate * max(0, annual_investment_in_tangible_personal_property_for_employee_child_care_facilities)
      else: 0

child_care_investment_credit_before_tax_liability_limitCO 39 § 39-22-517 · derived

Colo. Rev. Stat. § 39-22-517(1)-(3)

name: child_care_investment_credit_before_tax_liability_limit
kind: derived
entity: TaxUnit
dtype: Money
unit: USD
period: Year
source: Colo. Rev. Stat. § 39-22-517(1)-(3)
metadata:
  proof:
    atoms:
      - path: versions[0].formula
        kind: formula
        source:
          corpus_citation_path: us-co/statute/39/39-22-517
          excerpt: The credit allowed by this section
versions:
  - effective_from: '1992-01-01'
    formula: >-
      child_care_center_investment_credit +
      employee_child_care_facility_investment_credit

child_care_investment_credit_allowedCO 39 § 39-22-517 · derived

Colo. Rev. Stat. § 39-22-517(3)

name: child_care_investment_credit_allowed
kind: derived
entity: TaxUnit
dtype: Money
unit: USD
period: Year
source: Colo. Rev. Stat. § 39-22-517(3)
metadata:
  proof:
    atoms:
      - path: versions[0].formula
        kind: formula
        source:
          corpus_citation_path: us-co/statute/39/39-22-517
          excerpt: shall not exceed the taxpayer's actual tax liability
versions:
  - effective_from: '1992-01-01'
    formula: >-
      min(max(0, actual_tax_liability),
      child_care_investment_credit_before_tax_liability_limit)

unused_child_care_investment_creditCO 39 § 39-22-517 · derived

Colo. Rev. Stat. § 39-22-517(3)

name: unused_child_care_investment_credit
kind: derived
entity: TaxUnit
dtype: Money
unit: USD
period: Year
source: Colo. Rev. Stat. § 39-22-517(3)
metadata:
  proof:
    atoms:
      - path: versions[0].formula
        kind: formula
        source:
          corpus_citation_path: us-co/statute/39/39-22-517
          excerpt: such excess shall be an investment tax credit carryover
versions:
  - effective_from: '1992-01-01'
    formula: >-
      max(0, child_care_investment_credit_before_tax_liability_limit - max(0,
      actual_tax_liability))

▸rulespec code

Shown source

statutes/39/39-22-517.yaml

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View on GitHub

Rules

qualifying_child_care_center_investment_credit_rate

Parameter

source: Colo. Rev. Stat. § 39-22-517(1)

- name: qualifying_child_care_center_investment_credit_rate
  kind: parameter
  dtype: Rate
  source: Colo. Rev. Stat. § 39-22-517(1)
  metadata:
    proof:
      atoms:
        - path: versions[0].formula
          kind: parameter
          source:
            corpus_citation_path: us-co/statute/39/39-22-517
            excerpt: twenty percent
  versions:
    - effective_from: '1992-01-01'
      formula: '0.20'

employee_child_care_facility_investment_credit_rate

Parameter

source: Colo. Rev. Stat. § 39-22-517(2)

- name: employee_child_care_facility_investment_credit_rate
  kind: parameter
  dtype: Rate
  source: Colo. Rev. Stat. § 39-22-517(2)
  metadata:
    proof:
      atoms:
        - path: versions[0].formula
          kind: parameter
          source:
            corpus_citation_path: us-co/statute/39/39-22-517
            excerpt: ten percent
  versions:
    - effective_from: '1992-07-01'
      formula: '0.10'

child_care_center_investment_credit

Derived

source: Colo. Rev. Stat. § 39-22-517(1)

- name: child_care_center_investment_credit
  kind: derived
  entity: TaxUnit
  dtype: Money
  unit: USD
  period: Year
  source: Colo. Rev. Stat. § 39-22-517(1)
  metadata:
    proof:
      atoms:
        - path: versions[0].formula
          kind: formula
          source:
            corpus_citation_path: us-co/statute/39/39-22-517
            excerpt: >-
              credit ... in the amount of twenty percent of the taxpayer's annual investment in
              tangible personal property
  versions:
    - effective_from: '1992-01-01'
      formula: >-
        if taxable_year_is_within_child_care_center_credit_effective_window and
        taxpayer_operates_specified_licensed_child_care_or_foster_care_facility:
          qualifying_child_care_center_investment_credit_rate * max(0, annual_investment_in_tangible_personal_property_for_specified_child_care_or_foster_care_facility)
        else: 0

employee_child_care_facility_investment_credit

Derived

source: Colo. Rev. Stat. § 39-22-517(2)

- name: employee_child_care_facility_investment_credit
  kind: derived
  entity: TaxUnit
  dtype: Money
  unit: USD
  period: Year
  source: Colo. Rev. Stat. § 39-22-517(2)
  metadata:
    proof:
      atoms:
        - path: versions[0].formula
          kind: formula
          source:
            corpus_citation_path: us-co/statute/39/39-22-517
            excerpt: >-
              credit ... in the amount of ten percent of the taxpayer's annual investment in
              tangible personal property
  versions:
    - effective_from: '1992-07-01'
      formula: >-
        if taxable_year_is_within_employee_child_care_facility_credit_effective_window and
        taxpayer_provides_specified_licensed_employee_child_care_facilities:
          employee_child_care_facility_investment_credit_rate * max(0, annual_investment_in_tangible_personal_property_for_employee_child_care_facilities)
        else: 0

child_care_investment_credit_before_tax_liability_limit

Derived

source: Colo. Rev. Stat. § 39-22-517(1)-(3)

- name: child_care_investment_credit_before_tax_liability_limit
  kind: derived
  entity: TaxUnit
  dtype: Money
  unit: USD
  period: Year
  source: Colo. Rev. Stat. § 39-22-517(1)-(3)
  metadata:
    proof:
      atoms:
        - path: versions[0].formula
          kind: formula
          source:
            corpus_citation_path: us-co/statute/39/39-22-517
            excerpt: The credit allowed by this section
  versions:
    - effective_from: '1992-01-01'
      formula: child_care_center_investment_credit + employee_child_care_facility_investment_credit

child_care_investment_credit_allowed

Derived

source: Colo. Rev. Stat. § 39-22-517(3)

- name: child_care_investment_credit_allowed
  kind: derived
  entity: TaxUnit
  dtype: Money
  unit: USD
  period: Year
  source: Colo. Rev. Stat. § 39-22-517(3)
  metadata:
    proof:
      atoms:
        - path: versions[0].formula
          kind: formula
          source:
            corpus_citation_path: us-co/statute/39/39-22-517
            excerpt: shall not exceed the taxpayer's actual tax liability
  versions:
    - effective_from: '1992-01-01'
      formula: min(max(0, actual_tax_liability), child_care_investment_credit_before_tax_liability_limit)

unused_child_care_investment_credit

Derived

source: Colo. Rev. Stat. § 39-22-517(3)

- name: unused_child_care_investment_credit
  kind: derived
  entity: TaxUnit
  dtype: Money
  unit: USD
  period: Year
  source: Colo. Rev. Stat. § 39-22-517(3)
  metadata:
    proof:
      atoms:
        - path: versions[0].formula
          kind: formula
          source:
            corpus_citation_path: us-co/statute/39/39-22-517
            excerpt: such excess shall be an investment tax credit carryover
  versions:
    - effective_from: '1992-01-01'
      formula: >-
        max(0, child_care_investment_credit_before_tax_liability_limit - max(0,
        actual_tax_liability))

▸citations (4)

References

This rule cites 4 other rules.

CO 39 § 26-6-905inferredCO › Statutes › Title 39 › § 26-6-905
CO 39 § 26.5-5-309inferredCO › Statutes › Title 39 › § 26.5-5-309
CO 39 § 26-6-905inferredCO › Statutes › Title 39 › § 26-6-905
CO 39 § 26-6-905inferredCO › Statutes › Title 39 › § 26-6-905

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Tax credit for child care center investments - repeal

7 rules

Official source

graph ↗build calculator ↗

(4) This section is repealed, effective December 31, 2036.

in view

Whole section

Encodings · 7

qualifying_child_care_center_investment_credit_rateCO 39 § 39-22-517 · parameter

Colo. Rev. Stat. § 39-22-517(1)

name: qualifying_child_care_center_investment_credit_rate
kind: parameter
dtype: Rate
source: Colo. Rev. Stat. § 39-22-517(1)
metadata:
  proof:
    atoms:
      - path: versions[0].formula
        kind: parameter
        source:
          corpus_citation_path: us-co/statute/39/39-22-517
          excerpt: twenty percent
versions:
  - effective_from: '1992-01-01'
    formula: '0.20'

employee_child_care_facility_investment_credit_rateCO 39 § 39-22-517 · parameter

Colo. Rev. Stat. § 39-22-517(2)

name: employee_child_care_facility_investment_credit_rate
kind: parameter
dtype: Rate
source: Colo. Rev. Stat. § 39-22-517(2)
metadata:
  proof:
    atoms:
      - path: versions[0].formula
        kind: parameter
        source:
          corpus_citation_path: us-co/statute/39/39-22-517
          excerpt: ten percent
versions:
  - effective_from: '1992-07-01'
    formula: '0.10'

child_care_center_investment_creditCO 39 § 39-22-517 · derived

Colo. Rev. Stat. § 39-22-517(1)

name: child_care_center_investment_credit
kind: derived
entity: TaxUnit
dtype: Money
unit: USD
period: Year
source: Colo. Rev. Stat. § 39-22-517(1)
metadata:
  proof:
    atoms:
      - path: versions[0].formula
        kind: formula
        source:
          corpus_citation_path: us-co/statute/39/39-22-517
          excerpt: >-
            credit ... in the amount of twenty percent of the taxpayer's annual
            investment in tangible personal property
versions:
  - effective_from: '1992-01-01'
    formula: >-
      if taxable_year_is_within_child_care_center_credit_effective_window and
      taxpayer_operates_specified_licensed_child_care_or_foster_care_facility:
        qualifying_child_care_center_investment_credit_rate * max(0, annual_investment_in_tangible_personal_property_for_specified_child_care_or_foster_care_facility)
      else: 0

employee_child_care_facility_investment_creditCO 39 § 39-22-517 · derived

Colo. Rev. Stat. § 39-22-517(2)

name: employee_child_care_facility_investment_credit
kind: derived
entity: TaxUnit
dtype: Money
unit: USD
period: Year
source: Colo. Rev. Stat. § 39-22-517(2)
metadata:
  proof:
    atoms:
      - path: versions[0].formula
        kind: formula
        source:
          corpus_citation_path: us-co/statute/39/39-22-517
          excerpt: >-
            credit ... in the amount of ten percent of the taxpayer's annual
            investment in tangible personal property
versions:
  - effective_from: '1992-07-01'
    formula: >-
      if
      taxable_year_is_within_employee_child_care_facility_credit_effective_window
      and taxpayer_provides_specified_licensed_employee_child_care_facilities:
        employee_child_care_facility_investment_credit_rate * max(0, annual_investment_in_tangible_personal_property_for_employee_child_care_facilities)
      else: 0

child_care_investment_credit_before_tax_liability_limitCO 39 § 39-22-517 · derived

Colo. Rev. Stat. § 39-22-517(1)-(3)

name: child_care_investment_credit_before_tax_liability_limit
kind: derived
entity: TaxUnit
dtype: Money
unit: USD
period: Year
source: Colo. Rev. Stat. § 39-22-517(1)-(3)
metadata:
  proof:
    atoms:
      - path: versions[0].formula
        kind: formula
        source:
          corpus_citation_path: us-co/statute/39/39-22-517
          excerpt: The credit allowed by this section
versions:
  - effective_from: '1992-01-01'
    formula: >-
      child_care_center_investment_credit +
      employee_child_care_facility_investment_credit

child_care_investment_credit_allowedCO 39 § 39-22-517 · derived

Colo. Rev. Stat. § 39-22-517(3)

name: child_care_investment_credit_allowed
kind: derived
entity: TaxUnit
dtype: Money
unit: USD
period: Year
source: Colo. Rev. Stat. § 39-22-517(3)
metadata:
  proof:
    atoms:
      - path: versions[0].formula
        kind: formula
        source:
          corpus_citation_path: us-co/statute/39/39-22-517
          excerpt: shall not exceed the taxpayer's actual tax liability
versions:
  - effective_from: '1992-01-01'
    formula: >-
      min(max(0, actual_tax_liability),
      child_care_investment_credit_before_tax_liability_limit)

unused_child_care_investment_creditCO 39 § 39-22-517 · derived

Colo. Rev. Stat. § 39-22-517(3)

name: unused_child_care_investment_credit
kind: derived
entity: TaxUnit
dtype: Money
unit: USD
period: Year
source: Colo. Rev. Stat. § 39-22-517(3)
metadata:
  proof:
    atoms:
      - path: versions[0].formula
        kind: formula
        source:
          corpus_citation_path: us-co/statute/39/39-22-517
          excerpt: such excess shall be an investment tax credit carryover
versions:
  - effective_from: '1992-01-01'
    formula: >-
      max(0, child_care_investment_credit_before_tax_liability_limit - max(0,
      actual_tax_liability))

▸rulespec code

Shown source

statutes/39/39-22-517.yaml

Displaying the canonical repository encoding.

View on GitHub

Rules

qualifying_child_care_center_investment_credit_rate

Parameter

source: Colo. Rev. Stat. § 39-22-517(1)

- name: qualifying_child_care_center_investment_credit_rate
  kind: parameter
  dtype: Rate
  source: Colo. Rev. Stat. § 39-22-517(1)
  metadata:
    proof:
      atoms:
        - path: versions[0].formula
          kind: parameter
          source:
            corpus_citation_path: us-co/statute/39/39-22-517
            excerpt: twenty percent
  versions:
    - effective_from: '1992-01-01'
      formula: '0.20'

employee_child_care_facility_investment_credit_rate

Parameter

source: Colo. Rev. Stat. § 39-22-517(2)

- name: employee_child_care_facility_investment_credit_rate
  kind: parameter
  dtype: Rate
  source: Colo. Rev. Stat. § 39-22-517(2)
  metadata:
    proof:
      atoms:
        - path: versions[0].formula
          kind: parameter
          source:
            corpus_citation_path: us-co/statute/39/39-22-517
            excerpt: ten percent
  versions:
    - effective_from: '1992-07-01'
      formula: '0.10'

child_care_center_investment_credit

Derived

source: Colo. Rev. Stat. § 39-22-517(1)

- name: child_care_center_investment_credit
  kind: derived
  entity: TaxUnit
  dtype: Money
  unit: USD
  period: Year
  source: Colo. Rev. Stat. § 39-22-517(1)
  metadata:
    proof:
      atoms:
        - path: versions[0].formula
          kind: formula
          source:
            corpus_citation_path: us-co/statute/39/39-22-517
            excerpt: >-
              credit ... in the amount of twenty percent of the taxpayer's annual investment in
              tangible personal property
  versions:
    - effective_from: '1992-01-01'
      formula: >-
        if taxable_year_is_within_child_care_center_credit_effective_window and
        taxpayer_operates_specified_licensed_child_care_or_foster_care_facility:
          qualifying_child_care_center_investment_credit_rate * max(0, annual_investment_in_tangible_personal_property_for_specified_child_care_or_foster_care_facility)
        else: 0

employee_child_care_facility_investment_credit

Derived

source: Colo. Rev. Stat. § 39-22-517(2)

- name: employee_child_care_facility_investment_credit
  kind: derived
  entity: TaxUnit
  dtype: Money
  unit: USD
  period: Year
  source: Colo. Rev. Stat. § 39-22-517(2)
  metadata:
    proof:
      atoms:
        - path: versions[0].formula
          kind: formula
          source:
            corpus_citation_path: us-co/statute/39/39-22-517
            excerpt: >-
              credit ... in the amount of ten percent of the taxpayer's annual investment in
              tangible personal property
  versions:
    - effective_from: '1992-07-01'
      formula: >-
        if taxable_year_is_within_employee_child_care_facility_credit_effective_window and
        taxpayer_provides_specified_licensed_employee_child_care_facilities:
          employee_child_care_facility_investment_credit_rate * max(0, annual_investment_in_tangible_personal_property_for_employee_child_care_facilities)
        else: 0

child_care_investment_credit_before_tax_liability_limit

Derived

source: Colo. Rev. Stat. § 39-22-517(1)-(3)

- name: child_care_investment_credit_before_tax_liability_limit
  kind: derived
  entity: TaxUnit
  dtype: Money
  unit: USD
  period: Year
  source: Colo. Rev. Stat. § 39-22-517(1)-(3)
  metadata:
    proof:
      atoms:
        - path: versions[0].formula
          kind: formula
          source:
            corpus_citation_path: us-co/statute/39/39-22-517
            excerpt: The credit allowed by this section
  versions:
    - effective_from: '1992-01-01'
      formula: child_care_center_investment_credit + employee_child_care_facility_investment_credit

child_care_investment_credit_allowed

Derived

source: Colo. Rev. Stat. § 39-22-517(3)

- name: child_care_investment_credit_allowed
  kind: derived
  entity: TaxUnit
  dtype: Money
  unit: USD
  period: Year
  source: Colo. Rev. Stat. § 39-22-517(3)
  metadata:
    proof:
      atoms:
        - path: versions[0].formula
          kind: formula
          source:
            corpus_citation_path: us-co/statute/39/39-22-517
            excerpt: shall not exceed the taxpayer's actual tax liability
  versions:
    - effective_from: '1992-01-01'
      formula: min(max(0, actual_tax_liability), child_care_investment_credit_before_tax_liability_limit)

unused_child_care_investment_credit

Derived

source: Colo. Rev. Stat. § 39-22-517(3)

- name: unused_child_care_investment_credit
  kind: derived
  entity: TaxUnit
  dtype: Money
  unit: USD
  period: Year
  source: Colo. Rev. Stat. § 39-22-517(3)
  metadata:
    proof:
      atoms:
        - path: versions[0].formula
          kind: formula
          source:
            corpus_citation_path: us-co/statute/39/39-22-517
            excerpt: such excess shall be an investment tax credit carryover
  versions:
    - effective_from: '1992-01-01'
      formula: >-
        max(0, child_care_investment_credit_before_tax_liability_limit - max(0,
        actual_tax_liability))

▸citations (4)

References

This rule cites 4 other rules.

CO 39 § 26-6-905inferredCO › Statutes › Title 39 › § 26-6-905
CO 39 § 26.5-5-309inferredCO › Statutes › Title 39 › § 26.5-5-309
CO 39 § 26-6-905inferredCO › Statutes › Title 39 › § 26-6-905
CO 39 § 26-6-905inferredCO › Statutes › Title 39 › § 26-6-905