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us-co/statute/39/39-32-105 — Credit against tax - investment in technology infrastructure · Axiom

Credit against tax - investment in technology infrastructure

3 rules

(1) There shall be allowed to any person as a credit against the tax imposed by article 22 of this title, for income tax years commencing on or after January 1, 1999, but prior to January 1, 2005, an amount equal to ten percent of the amount of the total investment made during such years in technology infrastructure required to provide internet access in rural technology enterprise zones. Such credit may be claimed only for specific capital investments in technology infrastructure that will qualify for income tax credits in such zone as specified by the public utilities commission pursuant to section 39-32-104 (1)(d). The credit claimed by a person pursuant to this section shall not exceed one hundred thousand dollars in any one tax year.

(2) If the credit allowed under this section exceeds the income taxes otherwise due on the claimant's income, the amount of the credit not used as an offset against income taxes may be carried forward as a tax credit against subsequent years' income tax liability for a period not to exceed ten years and shall be applied first to the earliest years possible.

in view

Whole section

Encodings · 3

qualifying_investment_credit_rateCO 39 § 39-32-105 · parameter

C.R.S. 39-32-105(1)

name: qualifying_investment_credit_rate
kind: parameter
dtype: Rate
source: C.R.S. 39-32-105(1)
metadata:
  proof:
    atoms:
      - path: versions[0].formula
        kind: amount
        source:
          corpus_citation_path: us-co/statute/39/39-32-105
          excerpt: an amount equal to ten percent of the amount of the total investment
versions:
  - effective_from: '1999-01-01'
    formula: '0.10'

qualifying_investment_credit_annual_capCO 39 § 39-32-105 · parameter

C.R.S. 39-32-105(1)

name: qualifying_investment_credit_annual_cap
kind: parameter
dtype: Money
unit: USD
source: C.R.S. 39-32-105(1)
metadata:
  proof:
    atoms:
      - path: versions[0].formula
        kind: amount
        source:
          corpus_citation_path: us-co/statute/39/39-32-105
          excerpt: shall not exceed one hundred thousand dollars in any one tax year
versions:
  - effective_from: '1999-01-01'
    formula: '100000'

qualifying_investment_creditCO 39 § 39-32-105 · derived

C.R.S. 39-32-105(1)

name: qualifying_investment_credit
kind: derived
entity: Person
dtype: Money
period: Year
unit: USD
source: C.R.S. 39-32-105(1)
metadata:
  proof:
    atoms:
      - path: versions[0].formula
        kind: formula
        source:
          corpus_citation_path: us-co/statute/39/39-32-105
          excerpt: an amount equal to ten percent of the amount of the total investment
      - path: versions[0].formula
        kind: condition
        source:
          corpus_citation_path: us-co/statute/39/39-32-105
          excerpt: >-
            for income tax years commencing on or after January 1, 1999, but
            prior to January 1, 2005
      - path: versions[0].formula
        kind: condition
        source:
          corpus_citation_path: us-co/statute/39/39-32-105
          excerpt: only for specific capital investments in technology infrastructure
      - path: versions[0].formula
        kind: amount
        source:
          corpus_citation_path: us-co/statute/39/39-32-105
          excerpt: shall not exceed one hundred thousand dollars in any one tax year
versions:
  - effective_from: '1999-01-01'
    formula: |-
      if tax_year_is_within_credit_effective_window
        and investment_is_specific_capital_investment_in_qualifying_rural_technology_enterprise_zone_infrastructure:
        min(
          qualifying_investment_credit_rate * total_qualifying_technology_infrastructure_investment,
          qualifying_investment_credit_annual_cap
        )
      else: 0

▸rulespec code

Shown source

statutes/39/39-32-105.yaml

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View on GitHub

Rules

qualifying_investment_credit_rate

Parameter

source: C.R.S. 39-32-105(1)

- name: qualifying_investment_credit_rate
  kind: parameter
  dtype: Rate
  source: C.R.S. 39-32-105(1)
  metadata:
    proof:
      atoms:
        - path: versions[0].formula
          kind: amount
          source:
            corpus_citation_path: us-co/statute/39/39-32-105
            excerpt: an amount equal to ten percent of the amount of the total investment
  versions:
    - effective_from: '1999-01-01'
      formula: '0.10'

qualifying_investment_credit_annual_cap

Parameter

source: C.R.S. 39-32-105(1)

- name: qualifying_investment_credit_annual_cap
  kind: parameter
  dtype: Money
  unit: USD
  source: C.R.S. 39-32-105(1)
  metadata:
    proof:
      atoms:
        - path: versions[0].formula
          kind: amount
          source:
            corpus_citation_path: us-co/statute/39/39-32-105
            excerpt: shall not exceed one hundred thousand dollars in any one tax year
  versions:
    - effective_from: '1999-01-01'
      formula: '100000'

qualifying_investment_credit

Derived

source: C.R.S. 39-32-105(1)

- name: qualifying_investment_credit
  kind: derived
  entity: Person
  dtype: Money
  period: Year
  unit: USD
  source: C.R.S. 39-32-105(1)
  metadata:
    proof:
      atoms:
        - path: versions[0].formula
          kind: formula
          source:
            corpus_citation_path: us-co/statute/39/39-32-105
            excerpt: an amount equal to ten percent of the amount of the total investment
        - path: versions[0].formula
          kind: condition
          source:
            corpus_citation_path: us-co/statute/39/39-32-105
            excerpt: >-
              for income tax years commencing on or after January 1, 1999, but prior to January 1,
              2005
        - path: versions[0].formula
          kind: condition
          source:
            corpus_citation_path: us-co/statute/39/39-32-105
            excerpt: only for specific capital investments in technology infrastructure
        - path: versions[0].formula
          kind: amount
          source:
            corpus_citation_path: us-co/statute/39/39-32-105
            excerpt: shall not exceed one hundred thousand dollars in any one tax year
  versions:
    - effective_from: '1999-01-01'
      formula: |-
        if tax_year_is_within_credit_effective_window
          and investment_is_specific_capital_investment_in_qualifying_rural_technology_enterprise_zone_infrastructure:
          min(
            qualifying_investment_credit_rate * total_qualifying_technology_infrastructure_investment,
            qualifying_investment_credit_annual_cap
          )
        else: 0

▸citations (1)

References

This rule cites 1 other rule.

CO 39 § 39-32-104 (1)(d)inferredCO › Statutes › Title 39 › § 39-32-104 › (1)(d)

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Credit against tax - investment in technology infrastructure

3 rules

Official source

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in view

Whole section

Encodings · 3

qualifying_investment_credit_rateCO 39 § 39-32-105 · parameter

C.R.S. 39-32-105(1)

name: qualifying_investment_credit_rate
kind: parameter
dtype: Rate
source: C.R.S. 39-32-105(1)
metadata:
  proof:
    atoms:
      - path: versions[0].formula
        kind: amount
        source:
          corpus_citation_path: us-co/statute/39/39-32-105
          excerpt: an amount equal to ten percent of the amount of the total investment
versions:
  - effective_from: '1999-01-01'
    formula: '0.10'

qualifying_investment_credit_annual_capCO 39 § 39-32-105 · parameter

C.R.S. 39-32-105(1)

name: qualifying_investment_credit_annual_cap
kind: parameter
dtype: Money
unit: USD
source: C.R.S. 39-32-105(1)
metadata:
  proof:
    atoms:
      - path: versions[0].formula
        kind: amount
        source:
          corpus_citation_path: us-co/statute/39/39-32-105
          excerpt: shall not exceed one hundred thousand dollars in any one tax year
versions:
  - effective_from: '1999-01-01'
    formula: '100000'

qualifying_investment_creditCO 39 § 39-32-105 · derived

C.R.S. 39-32-105(1)

name: qualifying_investment_credit
kind: derived
entity: Person
dtype: Money
period: Year
unit: USD
source: C.R.S. 39-32-105(1)
metadata:
  proof:
    atoms:
      - path: versions[0].formula
        kind: formula
        source:
          corpus_citation_path: us-co/statute/39/39-32-105
          excerpt: an amount equal to ten percent of the amount of the total investment
      - path: versions[0].formula
        kind: condition
        source:
          corpus_citation_path: us-co/statute/39/39-32-105
          excerpt: >-
            for income tax years commencing on or after January 1, 1999, but
            prior to January 1, 2005
      - path: versions[0].formula
        kind: condition
        source:
          corpus_citation_path: us-co/statute/39/39-32-105
          excerpt: only for specific capital investments in technology infrastructure
      - path: versions[0].formula
        kind: amount
        source:
          corpus_citation_path: us-co/statute/39/39-32-105
          excerpt: shall not exceed one hundred thousand dollars in any one tax year
versions:
  - effective_from: '1999-01-01'
    formula: |-
      if tax_year_is_within_credit_effective_window
        and investment_is_specific_capital_investment_in_qualifying_rural_technology_enterprise_zone_infrastructure:
        min(
          qualifying_investment_credit_rate * total_qualifying_technology_infrastructure_investment,
          qualifying_investment_credit_annual_cap
        )
      else: 0

▸rulespec code

Shown source

statutes/39/39-32-105.yaml

Displaying the canonical repository encoding.

View on GitHub

Rules

qualifying_investment_credit_rate

Parameter

source: C.R.S. 39-32-105(1)

- name: qualifying_investment_credit_rate
  kind: parameter
  dtype: Rate
  source: C.R.S. 39-32-105(1)
  metadata:
    proof:
      atoms:
        - path: versions[0].formula
          kind: amount
          source:
            corpus_citation_path: us-co/statute/39/39-32-105
            excerpt: an amount equal to ten percent of the amount of the total investment
  versions:
    - effective_from: '1999-01-01'
      formula: '0.10'

qualifying_investment_credit_annual_cap

Parameter

source: C.R.S. 39-32-105(1)

- name: qualifying_investment_credit_annual_cap
  kind: parameter
  dtype: Money
  unit: USD
  source: C.R.S. 39-32-105(1)
  metadata:
    proof:
      atoms:
        - path: versions[0].formula
          kind: amount
          source:
            corpus_citation_path: us-co/statute/39/39-32-105
            excerpt: shall not exceed one hundred thousand dollars in any one tax year
  versions:
    - effective_from: '1999-01-01'
      formula: '100000'

qualifying_investment_credit

Derived

source: C.R.S. 39-32-105(1)

- name: qualifying_investment_credit
  kind: derived
  entity: Person
  dtype: Money
  period: Year
  unit: USD
  source: C.R.S. 39-32-105(1)
  metadata:
    proof:
      atoms:
        - path: versions[0].formula
          kind: formula
          source:
            corpus_citation_path: us-co/statute/39/39-32-105
            excerpt: an amount equal to ten percent of the amount of the total investment
        - path: versions[0].formula
          kind: condition
          source:
            corpus_citation_path: us-co/statute/39/39-32-105
            excerpt: >-
              for income tax years commencing on or after January 1, 1999, but prior to January 1,
              2005
        - path: versions[0].formula
          kind: condition
          source:
            corpus_citation_path: us-co/statute/39/39-32-105
            excerpt: only for specific capital investments in technology infrastructure
        - path: versions[0].formula
          kind: amount
          source:
            corpus_citation_path: us-co/statute/39/39-32-105
            excerpt: shall not exceed one hundred thousand dollars in any one tax year
  versions:
    - effective_from: '1999-01-01'
      formula: |-
        if tax_year_is_within_credit_effective_window
          and investment_is_specific_capital_investment_in_qualifying_rural_technology_enterprise_zone_infrastructure:
          min(
            qualifying_investment_credit_rate * total_qualifying_technology_infrastructure_investment,
            qualifying_investment_credit_annual_cap
          )
        else: 0

▸citations (1)

References

This rule cites 1 other rule.

CO 39 § 39-32-104 (1)(d)inferredCO › Statutes › Title 39 › § 39-32-104 › (1)(d)