HB 1002: Corporate Income Tax Foreign Jurisdictions - Colorado

Final Act → Signed Act · 4 edits · Aug 28, 2025

MODERATE

This bill clarifies the list of foreign jurisdictions subject to Colorado's corporate income tax add-back rules, primarily adding technical corrections to the list of jurisdictions and making minor formatting adjustments to the legislative text. The substantive policy remains focused on preventing corporate tax avoidance through foreign jurisdiction incorporation.

Scope change

The scope of jurisdictions subject to the tax add-back rules was technically modified by correcting jurisdiction names (e.g., 'Curac;ao' instead of 'Curaçao', 'Isle ofMan' instead of 'Isle of Man') and adjusting section numbering references.

DEFINITION

Corrected spelling and formatting of foreign jurisdiction names in the list of taxable jurisdictions to ensure accurate application of tax rules.

TECHNICAL

Adjusted section numbering references from (3)(j) to (3)(U) and (2)(l) to (2)(I) for consistency with the statute's formatting standards.

Corrected a typo in the court case citation from 'Reg'l' to 'Reg'!' and fixed 'gam' to 'gain' in the revenue impact description.

Changed 'section 7701 (o)' to 'section 770 I (o)' in the internal revenue code reference to match standard formatting conventions.

Rerevised → Final Act · 3 edits · Aug 26, 2025

MINOR

The bill was finalized with minor formatting and sponsorship name corrections, while maintaining the core policy of adding five new foreign jurisdictions (Hong Kong, Ireland, Liechtenstein, Netherlands, Singapore) to the list of countries where corporations are presumed to be using tax avoidance strategies. The substantive tax provisions remain unchanged from the revised version.

TECHNICAL

Corrected the House Bill number from '25b-1002' to '25B-1002' and updated the sponsor list to match the final act format.

Added a note indicating the bill is prepared for signatures and directing readers to legislative status sheets for governor action.

Reorganized the legislative declaration section to consolidate findings and declarations into a single subsection (1) with lettered subsections (a) and (b), improving readability without changing policy.

Reengrossed → Rerevised · 4 edits · Aug 24, 2025

MODERATE

This bill was revised to add new sponsors and update formatting information. The substantive policy content regarding corporate taxation, foreign jurisdictions, and tax deductions remains unchanged from the reengrossed version.

TECHNICAL

Added Senate sponsorship names (Ball, Amabile, Bridges, Coleman, Cutter, Daugherty, Exum, Gonzales J., Hinrichsen, Jodeh, Kipp, Michaelson Jenet, Rodriguez, Sullivan, Wallace, Weissman, Winter F) to the bill header.

Updated session and general assembly formatting information to reflect the revised version.

Changed reading dates from August 23, 2025 to August 24, 2025 for Senate 3rd Reading.

Added explanatory notes about how amendments are denoted in the document (shading, underlining, capital letters).

Revised → Reengrossed · 3 edits · Aug 23, 2025

MINOR

The bill has moved from a revised version to a reengrossed version, meaning it now includes all amendments adopted during its passage through the House of Introduction. The substantive policy content of the bill itself appears unchanged, as the modifications are primarily related to the bill's procedural status and formatting.

TECHNICAL

Changed the document title from 'REVISED' to 'REENGROSSED' to reflect that all amendments have been incorporated into this version.

Updated the explanatory note to clarify that the bill summary applies to the reengrossed version once it passes third reading in the House of Introduction.

Removed references to '2nd Reading Unamended' and '3rd Reading Unamended' status indicators, as the bill is now in a reengrossed state with amendments included.

Engrossed → Revised · 4 edits · Aug 23, 2025

MODERATE

The bill title was updated from 'Engrossed' to 'Revised' to reflect its current legislative status. Sponsorship was expanded to include additional legislators, and the bill's procedural history was updated to show it passed both the House and Senate without further amendments on August 23, 2025. The Senate Appropriations Committee was assigned to review the bill, replacing the previous 'no committees scheduled' status.

TECHNICAL

Bill title updated from 'Engrossed' to 'Revised' to reflect current legislative status.

Additional sponsors added to House sponsorship list: Bacon, Boesenecker, Brown, Froelich, Garcia, Lindsay, Lindstedt, McCluskie, McCormick, Rutinel, Sirota, Smith, Story, Willford.

Procedural history updated to show Senate 2nd Reading and House 3rd Reading were unamended on August 23, 2025.

Senate Appropriations Committee assigned to review bill, replacing 'No committees scheduled' status.

Introduced → Engrossed · 3 edits · Aug 22, 2025

MINOR

The bill was reengrossed to reflect amendments adopted during the second reading in the House. The substantive policy content remains unchanged from the introduced version, with no new provisions added or removed. The changes are primarily formatting updates, including the addition of Senate sponsorship information, updated document headers, and page/line number formatting for legislative tracking purposes.

TECHNICAL

Document header updated to show 'ENGROSSED' status with amended version date (August 22, 2025) and added Senate sponsorship information.

Page and line number formatting standardized throughout the document for legislative tracking.

Added explanatory notes about amendment symbols and legislative procedures.

Corporate Income Tax Foreign Jurisdictions

What changed between versions

How they voted

Actions timeline

Sponsors