Colorado Corrects Tax Law Technical Errors

The Colorado Governor signed a law that includes: 1) amending conditions taxpayers must meet to claim a refundable income tax credit for certain businesses located in the state so the list of conditions terminates correctly; 2) correcting outdated statutory cross-references governing the collection of gas and special fuels tax and the statute governing the road usage fee and bridge and tunnel impact fee; 3) clarifying the amount that can be claimed for a property tax or rent assistance grant and a heat or fuel expenses assistance grant based on the year the claim was made; and 4) removing definitions for ...