Colorado Code
Article 30 - Urban and Rural Enterprise Zone Act
§ 39-30-104. Credit Against Tax - Investment in Certain Property - Definitions

(A) The sum of up to five thousand dollars of the taxpayer's actual tax liability for the income tax year plus fifty percent of any portion of the tax liability for the income tax year that exceeds five thousand dollars; or
(B) Seven hundred fifty thousand dollars plus any investment tax credit carryovers previously allowed in subsection (2.5) of this section.

(2.8) For purposes of this section, "renewable energy investment" means an investment that qualifies for the credit specified in paragraph (a) of subsection (1) of this section for projects that generate electricity from eligible energy resources as defined in section 40-2-124 (1), C.R.S.

Source: L. 86: Entire article added, p. 1141, § 1, effective July 1. L. 87: (3) added, p. 1470, § 2, effective May 28. L. 91: (3) amended, p. 1988, § 7, effective April 20. L. 92: (2) amended, p. 2220, § 3, effective May 29. L. 96: Entire section amended, p. 1127, § 4, effective July 1. L. 97: (5) repealed, p. 1396, § 2, effective June 3. L. 2007: (6) amended, p. 352, § 9, effective August 3. L. 2009: (1) amended, (HB 09-1298), ch. 417, p. 2313, § 2, effective July 1, 2010. L. 2010: (2) and (2.5) amended, (HB 10-1200), ch. 321, p. 1495, § 1, effective May 27; (1)(b)(I), (1)(b)(II), and (1)(b)(IV) amended and (1)(b)(V), (1)(b)(VI), and (1)(b)(VII) added, (HB 10-1285), ch. 423, p. 2191, § 6, effective July 1. L. 2013: (2), (2.5)(a), and (4)(a) amended and (2.7) added, (HB 13-1142), ch. 224, p. 1049, § 4, effective May 15; (2)(c)(III), (2.5), and (2.7) amended and (2.8) added, (SB 13-286), ch. 302, pp. 1598, 1597, §§ 2, 1, effective May 28. L. 2014: IP(2)(c)(I) and (2)(c)(I)(B) amended, (HB 14-1163), ch. 83, p. 326, § 1, effective March 27. L. 2015: (2.6) added and (2.7) and (2.8) amended, (HB 15-1219), ch. 314, p. 1279, § 2, effective June 5. L. 2017: (2.5)(a)(I) and IP(2.6)(a) amended, (HB 17-1356), ch. 237, p. 973, § 3, effective May 24. L. 2020: (2)(a) amended and (6) repealed, (HB 20-1166), ch. 103, p. 398, § 7, effective April 1; (2)(c)(III) and (2.5)(a)(I) amended, (HB 20-1177), ch. 118, p. 492, § 2, effective September 14.
Editor's note: Amendments to subsection (2.5) by House Bill 13-1142 and Senate Bill 13-286 were harmonized.
Cross references: (1) For the legislative declaration in the 2013 act amending subsections (2), (2.5)(a), and (4)(a) and adding subsection (2.7), see section 1 of chapter 224, Session Laws of Colorado 2013.
(2) For the legislative declaration in HB 15-1219, see section 1 of chapter 314, Session Laws of Colorado 2015.