CO HB1260

Establishes a cap on enterprise zone investment income tax credits for tax years beginning January 1, 2013 and later, limiting credits to the lesser of $250,000 or the taxpayer's actual tax liability up to $5,000 plus 50% of any liability exceeding $5,000.

Changes the deferral deadline for taxpayers claiming excess credits from January 1, 2014 to January 1, 2013, allowing those who deferred credits during 2011-2012 to claim carryover credits for twelve years plus one additional year for each year the credit was deferred.

Clarifies that actual tax liability for purposes of the credit limitation shall be calculated before applying any other tax credits.

Applies new credit limitations only to income tax years commencing on or after January 1, 2013, while maintaining prior limitations for earlier years.