CO HB1383

Extends the Colorado housing and finance authority's allocation period for low-income housing tax credits from 2 years through December 31, 2016 to 5 years through December 31, 2019.

Allows qualified taxpayers and transferees to transfer all or a portion of low-income housing tax credits to other transferees beginning January 1, 2017.

Permits credit transfers only for portions never previously applied against income taxes, and allows transfers to be split among multiple transferees with both parties filing written statements with tax returns.

Credits may be transferred during the entire 11-year carryforward period, survive the death of individual holders, and are claimed on amended returns within applicable statute of limitations.

Exempts transferees from recapture provisions while maintaining recapture obligations for original qualified taxpayers, and requires the department to maintain information on all credit transfers.