---
type: "Bill"
title: "Net Operating Loss Deduction Modifications"
description: "Colorado taxpayers can claim a net operating loss deduction on their Colorado tax return. Unless statute otherwise provides, the state deduction is currently allowed in the same manner that a similar deduction is allowed under the internal revenue code to determine federal taxable income."
jurisdiction: "us/states/co"
legislature: "Colorado General Assembly"
session: "2020A"
identifier: "HB 20-1024"
citation: "Colorado HB 20-1024 (2020A)"
classification: ["bill"]
subjects: []
status: "enacted"
primary_sponsors: ["Adrienne Benavidez", "Dominick Moreno", "Marc Snyder"]
version_count: 9
action_count: 16
vote_count: 2
first_action: "2020-01-08T07:00:00+00:00"
last_action: "2020-06-26T06:00:00+00:00"
source: "openstates"
source_identifier: "ocd-bill/b42d6f47-4043-4c54-a13d-3748c761d6b4"
source_url: "http://leg.colorado.gov/bills/hb20-1024"
source_hash: "7f6a7f809b5912023e630089da1dc4a7b37b8c7d90082c91b47e39da656924d9"
vintage: "2026-07-01"
source_snapshot: "https://data.openstates.org/daily/2026-07-01/public.pgdump"
retrieved_at: "2026-07-06"
confidence: "reported"
tags: ["legislation", "bill", "us-co"]
---

# Colorado HB 20-1024 (2020A) — Net Operating Loss Deduction Modifications

Colorado taxpayers can claim a net operating loss deduction on their Colorado tax return. Unless statute otherwise provides, the state deduction is currently allowed in the same manner that a similar deduction is allowed under the internal revenue code to determine federal taxable income.

## Version chain

The bill's text revisions, in order — the diff chain from filing to enrollment.

1. **Committee Amendment** (committee substitute) — [source](http://leg.colorado.gov/sites/default/files/2020a_hb1024_s_app_001.pdf)
2. **Engrossed (02/21/2020)** (committee substitute) — [source](http://leg.colorado.gov/sites/default/files/documents/2020A/bills/2020a_1024_eng.pdf)
3. **Final Act (06/19/2020)** (committee substitute) — [source](http://leg.colorado.gov/sites/default/files/documents/2020A/bills/2020a_1024_enr.pdf)
4. **Introduced (01/08/2020)** (committee substitute) — [source](http://leg.colorado.gov/sites/default/files/documents/2020A/bills/2020a_1024_01.pdf)
5. **PA1 (01/29/2020)** (committee substitute) — [source](http://leg.colorado.gov/sites/default/files/documents/2020A/bills/2020a_1024%20fin_01.pdf)
6. **Reengrossed (02/27/2020)** (committee substitute) — [source](http://leg.colorado.gov/sites/default/files/documents/2020A/bills/2020a_1024_ren.pdf)
7. **Rerevised (06/06/2020)** (committee substitute) — [source](http://leg.colorado.gov/sites/default/files/documents/2020A/bills/2020a_1024_rer.pdf)
8. **Revised (06/05/2020)** (committee substitute) — [source](http://leg.colorado.gov/sites/default/files/documents/2020A/bills/2020a_1024_rev.pdf)
9. **Signed Act (06/26/2020)** (committee substitute) — [source](http://leg.colorado.gov/sites/default/files/2020a_1024_signed.pdf)

## Votes

- BILL — **41–23** (pass) · lower
- BILL — **19–14** (pass) · upper

## Sponsors

- Adrienne Benavidez — primary (person)
- Dominick Moreno — primary (person)
- Marc Snyder — primary (person)

## Timeline

The legislative action history — every referral, reading, and vote.

- **2020-06-26T06:00:00+00:00** Governor Signed `executive-signature`
- **2020-06-22T06:00:00+00:00** Sent to the Governor `executive-receipt`
- **2020-06-19T06:00:00+00:00** Signed by the Speaker of the House
- **2020-06-19T06:00:00+00:00** Signed by the President of the Senate
- **2020-06-06T06:00:00+00:00** Senate Third Reading Passed - No Amendments `reading-3, passage`
- **2020-06-05T06:00:00+00:00** Senate Second Reading Special Order - Passed - No Amendments
- **2020-06-04T06:00:00+00:00** Senate Committee on Appropriations Refer Unamended to Senate Committee of the Whole `committee-passage, referral-committee`
- **2020-03-10T06:00:00+00:00** Senate Committee on Finance Refer Unamended to Appropriations `referral-committee`
- **2020-02-28T07:00:00+00:00** Introduced In Senate - Assigned to Finance `introduction`
- **2020-02-27T07:00:00+00:00** House Third Reading Passed - No Amendments `reading-3, passage`
- **2020-02-25T07:00:00+00:00** House Third Reading Laid Over Daily - No Amendments
- **2020-02-21T07:00:00+00:00** House Second Reading Special Order - Passed with Amendments - Committee
- **2020-02-19T07:00:00+00:00** House Second Reading Laid Over Daily - No Amendments
- **2020-02-14T07:00:00+00:00** House Committee on Appropriations Refer Unamended to House Committee of the Whole `committee-passage, referral-committee`
- **2020-01-27T07:00:00+00:00** House Committee on Finance Refer Amended to Appropriations `referral-committee`
- **2020-01-08T07:00:00+00:00** Introduced In House - Assigned to Finance `introduction`

## Source

OpenStates / OpenCivicData bulk snapshot [2026-07-01](https://data.openstates.org/daily/2026-07-01/public.pgdump); origin `ocd-bill/b42d6f47-4043-4c54-a13d-3748c761d6b4`. Confidence: reported (aggregated from official Colorado legislature records).