First Regular Session
              Sixty-eighth General Assembly
                    STATE OF COLORADO
                                                 INTRODUCED
                                                           
                                                           
 LLS NO. 11-0637.01 Esther van Mourik    HOUSE BILL 11-1170
                    HOUSE SPONSORSHIP
 Baumgardner,
 
                   SENATE SPONSORSHIP
 (None),
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 House Committees
 Senate Committees
 
 
 Agriculture, Livestock, & Natural Resources
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
                         A BILL FOR AN ACT
       Concerning the extension of the availability of the income
            tax credit related to alternative fuel refueling
            facilities.
       
       
                           Bill Summary
       
            (Note:  This summary applies to this bill as introduced and does
       not reflect any amendments that may be subsequently adopted.  If this bill
       passes third reading in the house of introduction, a bill summary that
       applies to the reengrossed version of this bill will be available at
       http://www.leg.state.co.us/billsummaries.)
       
            The bill extends the availability of the income tax credit for a
       percentage of the actual cost incurred by a person in constructing,
       reconstructing, or acquiring an alternative fuel refueling facility that is
       directly attributable to the storage, compression, charging, or dispensing
       of alternative fuels to motor vehicles.
       
       
       
       Be it enacted by the General Assembly of the State of Colorado:
            SECTION 1.  39-22-516 (2.7) (b), (2.7) (c) (III), and (4),
       Colorado Revised Statutes, are amended to read:
            39-22-516.  Tax credit for purchase of vehicles using
       alternative fuels - repeal.  (2.7) (b)  With respect to tax years
       commencing on or after January 1, 1998, but prior to January 1, 2011
       January 1, 2016, there shall be allowed to any person a credit against the
       tax imposed by this article in an amount equal to a percentage, as
       determined pursuant to paragraph (c) of this subsection (2.7), of the actual
       cost incurred by the person during the tax year in constructing,
       reconstructing, or acquiring an alternative fuel refueling facility that is
       directly attributable to the storage, compression, charging, or dispensing
       of alternative fuels to motor vehicles.
            (c)  A person may claim the following percentage of costs
       described in paragraph (b) of this subsection (2.7) as a credit pursuant to
       this subsection (2.7):
            (III)  Twenty percent of the costs incurred on or after January 1,
       2009, but prior to July 1, 2011 January 1, 2016.
            (4)  This section is repealed, effective December 31, 2016
       December 31, 2021.
            SECTION 2.  Safety clause.  The general assembly hereby finds,
       determines, and declares that this act is necessary for the immediate
       preservation of the public peace, health, and safety.