Fabio
79 lines
5.0 KiB
Markdown
79 lines
5.0 KiB
Markdown
---
|
||
type: "Bill"
|
||
title: "Pre-1987 Net Operating Loss Deduction"
|
||
description: "Under current law, the pre-1987 net operating loss deduction for individuals, estates, and trusts allows individuals, estates, and trusts to deduct Colorado net operating losses carried forward from tax years beginning prior to January 1, 1987, from their federal taxable income when computing their Colorado taxable income. But the latest year that an individual, estate, or trust could have used the pre-1987 net operating loss deduction and carried forward a net operating loss generated in 1987 was 2002. The act repeals the deduction."
|
||
jurisdiction: "us/states/co"
|
||
legislature: "Colorado General Assembly"
|
||
session: "2020A"
|
||
identifier: "HB 20-1205"
|
||
citation: "Colorado HB 20-1205 (2020A)"
|
||
classification: ["bill"]
|
||
subjects: []
|
||
status: "enacted"
|
||
primary_sponsors: ["Dominick Moreno", "Hugh McKean"]
|
||
version_count: 8
|
||
action_count: 13
|
||
vote_count: 2
|
||
first_action: "2020-01-30T07:00:00+00:00"
|
||
last_action: "2020-03-20T06:00:00+00:00"
|
||
source: "openstates"
|
||
source_identifier: "ocd-bill/26e2d4ab-1072-4c50-8ba8-1de1c80d7195"
|
||
source_url: "http://leg.colorado.gov/bills/hb20-1205"
|
||
source_hash: "d28abee7e791f20c433b6dd4544ba10104f61f8a1eedb29c50d1ba9388f93113"
|
||
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 20-1205 (2020A) — Pre-1987 Net Operating Loss Deduction
|
||
|
||
Under current law, the pre-1987 net operating loss deduction for individuals, estates, and trusts allows individuals, estates, and trusts to deduct Colorado net operating losses carried forward from tax years beginning prior to January 1, 1987, from their federal taxable income when computing their Colorado taxable income. But the latest year that an individual, estate, or trust could have used the pre-1987 net operating loss deduction and carried forward a net operating loss generated in 1987 was 2002. The act repeals the deduction.
|
||
|
||
## 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_hb1205_s_blt_001.pdf)
|
||
2. **Engrossed (02/19/2020)** (committee substitute) — [source](http://leg.colorado.gov/sites/default/files/documents/2020A/bills/2020a_1205_eng.pdf)
|
||
3. **Final Act (03/14/2020)** (committee substitute) — [source](http://leg.colorado.gov/sites/default/files/documents/2020A/bills/2020a_1205_enr.pdf)
|
||
4. **Introduced (01/30/2020)** (committee substitute) — [source](http://leg.colorado.gov/sites/default/files/documents/2020A/bills/2020a_1205_01.pdf)
|
||
5. **Reengrossed (02/20/2020)** (committee substitute) — [source](http://leg.colorado.gov/sites/default/files/documents/2020A/bills/2020a_1205_ren.pdf)
|
||
6. **Rerevised (03/06/2020)** (committee substitute) — [source](http://leg.colorado.gov/sites/default/files/documents/2020A/bills/2020a_1205_rer.pdf)
|
||
7. **Revised (03/05/2020)** (committee substitute) — [source](http://leg.colorado.gov/sites/default/files/documents/2020A/bills/2020a_1205_rev.pdf)
|
||
8. **Signed Act (03/20/2020)** (committee substitute) — [source](http://leg.colorado.gov/sites/default/files/2020a_1205_signed.pdf)
|
||
|
||
## Votes
|
||
|
||
- BILL — **30–0** (pass) · upper
|
||
- BILL — **62–0** (pass) · lower
|
||
|
||
## Sponsors
|
||
|
||
- Dominick Moreno — primary (person)
|
||
- Hugh McKean — primary (person)
|
||
|
||
## Timeline
|
||
|
||
The legislative action history — every referral, reading, and vote.
|
||
|
||
- **2020-03-20T06:00:00+00:00** Governor Signed `executive-signature`
|
||
- **2020-03-16T06:00:00+00:00** Sent to the Governor `executive-receipt`
|
||
- **2020-03-14T06:00:00+00:00** Signed by the Speaker of the House
|
||
- **2020-03-14T06:00:00+00:00** Signed by the President of the Senate
|
||
- **2020-03-06T07:00:00+00:00** Senate Third Reading Passed - No Amendments `reading-3, passage`
|
||
- **2020-03-05T07:00:00+00:00** Senate Second Reading Passed - No Amendments `reading-2`
|
||
- **2020-03-02T07:00:00+00:00** Senate Committee on Business, Labor, & Technology Refer Unamended - Consent Calendar to Senate Committee of the Whole `committee-passage`
|
||
- **2020-02-21T07:00:00+00:00** Introduced In Senate - Assigned to Business, Labor, & Technology `introduction`
|
||
- **2020-02-20T07:00:00+00:00** House Third Reading Passed - No Amendments `reading-3, passage`
|
||
- **2020-02-19T07:00:00+00:00** House Second Reading Passed - No Amendments `reading-2`
|
||
- **2020-02-18T07:00:00+00:00** House Second Reading Laid Over Daily - No Amendments
|
||
- **2020-02-12T07:00:00+00:00** House Committee on Business Affairs & Labor Refer Unamended to House Committee of the Whole `committee-passage, referral-committee`
|
||
- **2020-01-30T07:00:00+00:00** Introduced In House - Assigned to Business Affairs & Labor `introduction`
|
||
|
||
## Source
|
||
|
||
OpenStates / OpenCivicData bulk snapshot [2026-07-01](https://data.openstates.org/daily/2026-07-01/public.pgdump); origin `ocd-bill/26e2d4ab-1072-4c50-8ba8-1de1c80d7195`. Confidence: reported (aggregated from official Colorado legislature records).
|
||
|