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<br />1983
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<br />HOUSE BILL NO. 1320.
<br />
<br />BY REPRESENTATIVES Schauer, Bledsoe, Strahle, Paulson, Artist,
<br />Allison, Arnold, Dambman, Entz, Gillis, Hamlin. Hover, Hume,
<br />Kirscht, Larson, Lee, McInnis, Neale, Owens, Robb, Scherer,
<br />Taylor-Little, Underwood, Wattenberg, Younglund, Fine, Bryan,
<br />Heim, and Pankey.
<br />also SENATORS Fowler, Noble, and Strickland.
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<br />CONCERNING THE FISCAL POLICY OF THE STATE.
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<br />Be it enacted Ql the General Assembly of the State of Colorado:
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<br />SECTION 1. 39-22-103.5 (2) (d), Colorado Revised
<br />Statutes 1973, 1982 Repl. Vol., is amended BY THE ADDITION OF
<br />A NEW SUBPARAGRAPH to read:
<br />
<br />39-22-103.5. Annual inflation factor purpose.
<br />(2) (d) (V) The annual inflation factor for income tax years
<br />commencing on or after January 1, 1983, but before January I,
<br />1985, is one hundred percent.
<br />
<br />SECTION 2. 39-22-301 (1), (1.1), (1.2), (1.3), (1.4),
<br />and (1.5), Colorado Revised Statutes 1973, 1982 Repl. Vol.,
<br />are amended to read:
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<br />39-22-301. Corporate tax imposed. (1) (a) FOR INCOME
<br />i~X YEARS COMMENCING ON OR AFTER JANUARY 1, 1983, BUT BEFORE
<br />JANUARY 1, 1985, A TAX IS IMPOSED UPON EACH DOMESTIC
<br />CORPORATION AND FOREIGN CORPORATION DOING BUSINESS IN COLORADO
<br />ANNUALLY IN AN AMOUNT EQUAL TO FIVE PERCENT OF THE NET INCOME
<br />OF SUCH CORPORATION DURING THE YEAR DERIVED FROM SOURCES
<br />WITHIN COLORADO. INCOME FROM SOURCES WITHIN COLORADO INCLUDES
<br />INCOME FROM TANGIBLE OR INTANGIBLE PROPERTY LOCATED OR HAVING
<br />A SITUS IN THIS STATE AND INCOME FROM ANY ACTIVITIES CARRIED
<br />ON IN THIS STATE, REGARDLESS OF WHETHER CARRIED ON IN
<br />INTRASTATE, INTERSTATE, OR FOREIGN COMMERCE.
<br />
<br />Capital letters indicate new material added to existing statutes;
<br />dashes through words indicate deletions from existing statutes and
<br />such material not part of act.
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