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<br />January 1, i983 1985, but before January I, i984 1986, the tax
<br />imposed by PARAGRAPH (b) OF subsection (1) of this section
<br />shall be reduced in accordance with the following table:
<br />
<br />If the Colorado
<br />net income is:
<br />Not over $25,000.00
<br />Over $25,000.00 but
<br />not over $50,000.00
<br />Over $50,000.00 but
<br />not over $75,000.00
<br />Over $75,000.00 but
<br />not over $100,000.00
<br />Over $100,000.00
<br />
<br />The reduction is:
<br />
<br />2.5% of the Colorado net income
<br />$625.00 plus 2.0% of the excess
<br />over $25,000.00
<br />$1,125.00 plus 1.0% of the excess
<br />over $50,000.00
<br />$1,375.00 plus 0.5% of the excess
<br />over $75,000.00
<br />$1,500.00
<br />
<br />(1.4) For income tax years commencing on or after
<br />January I, i984 1986, but before January I, i985 1987, the tax
<br />imposed by PARAGRAPH (b) OF subsection (1) of this section
<br />shall be reduced in accordance with the following table:
<br />
<br />If the Colorado
<br />net income is:
<br />Not over $25,000.00
<br />Over $25,000.00 but
<br />not over $50,000.00
<br />Over $50,000.00 but
<br />not over $75,000.00
<br />Over $75,000.00 but
<br />not over $100,000.00
<br />Over $100,000.00
<br />
<br />The reduction is:
<br />
<br />3% of the Colorado net income
<br />$750.00 plus 2.5% of the excess
<br />over $25,000.00
<br />$1,375.00 plus 1.5% of the excess
<br />over $50,000.00
<br />$1,750.00 plus 0.5% of the excess
<br />over $75,000.00
<br />$1,875.00
<br />
<br />(1.5) For income tax years commencing on or after
<br />January 1, i985 1987, the tax imposed by PARAGRAPH (b) OF
<br />subsection (1) of this section shall be reduced in accordance
<br />with the following table:
<br />
<br />If the Co 1 orado
<br />net income is:
<br />Not over $25,000.00
<br />Over $25,000.00 but
<br />not over $50,000.00
<br />Over $50,000.00 but
<br />not over $75,000.00
<br />Over $75,000.00 but
<br />not over $100,000.00
<br />Over $100,000.00
<br />
<br />The reduction is:
<br />
<br />3.5% of the Colorado net income
<br />$875.00 plus 3.0% of the excess
<br />over $25,000.00 .
<br />$1,625.00 plus 2.0% of the excess
<br />over $50,000.00
<br />$2,125.00 plus 1.0% of the excess
<br />over $75,000.00
<br />$2,375.00
<br />
<br />SECTION 3.
<br />1973, 1982 Repl.
<br />
<br />39-26-106 (1), Colorijdo
<br />Vo 1., is amended to read:
<br />
<br />Revised
<br />
<br />Statutes
<br />
<br />39-26-106. Schedule of sales tax.
<br />imposed upon all sales of commodities and
<br />
<br />(1) (a) There is
<br />services specified
<br />
<br />PAGE 3-HOUSE BILL NO. 1320
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