Colorado Revised Statutes Title 39. Taxation § 39-22-5405. Recapture

(1) As of the last day of any taxable year during the compliance period, if the amount of the qualified basis of a qualified development with respect to a qualified taxpayer is less than the amount of the qualified basis with respect to a qualified taxpayer as of the last day of the prior taxable year, then the amount of a relevant taxpayer's state income tax liability for that taxable year is increased by the credit recapture amount.

(2) For purposes of subsection (1) of this section, the credit recapture amount is an amount equal to the aggregate decrease in the credit allowed to a qualified taxpayer pursuant to this part 54 for all prior taxable years that would have resulted if the accelerated portion of the credit allowable by reason of this part 54 were not allowed for all prior taxable years with respect to the reduced amount of qualified basis described in subsection (1) of this section.

(3) For purposes of subsection (2) of this section, the accelerated portion of the credit for the prior taxable years with respect to any amount of qualified basis is the difference between:

(4) If recapture of any credit is required in any tax year, the return submitted for that tax year to the department must include the following information: