As used in this article 36, unless the context otherwise requires:(1) 'Certification' means the written tax credit certificate documenting a taxpayer's income tax credit claim pursuant to section 39-30-104, 39-30-105.1, or 39-30-105.5 and the estimated value of each credit certified by the CHIPS zone administrator, for which the taxpayer received precertification in accordance with section 39-36-104 (5)(b).(2) 'CHIPS Act' means the federal 'Creating Helpful Incentives to Produce Semiconductors and Science Act of 2022', Pub.L. 117-167, as amended.(3) 'CHIPS zone' means a semiconductor manufacturing zone approved by the commission pursuant to section 39-36-104 (2)(a).(4) 'Commission' means the Colorado economic development commission created in section 24-46-102 (1).(5) 'Department' means the Colorado department of revenue.(6) 'Director' means the director of the office.(7) 'Office' means the Colorado office of economic development created in section 24-48.5-101.(8) 'Precertification' means the written precertification of a taxpayer's proposed project and any related income tax credit claims pursuant to section 39-30-104, 39-30-105.1, or 39-30-105.5, by the CHIPS zone administrator eans the written precertification of a taxpayer's proposed project and any related income tax credit claims pursuant to section 39-30-104, 39-30-105.1, or 39-30-105.5, by the CHIPS zone administrator in reliance on the taxpayer's representations pursuant to section 39-36-104 (5)(a).(9) 'Refund certificate' has the same meaning as set forth in section 24-46-108 (1)(i).(10) 'Semiconductor manufacturing' has the same meaning as set forth in section 24-46-108 (1)(j).(11) 'Taxpayer' means a person engaged in semiconductor manufacturing that is subject to tax under article 22 of this title 39.Amended by 2024 Ch. 490,§ 88, eff. 8/7/2024.Added by 2023 Ch. 227,§ 7, eff. 5/20/2023.2024 Ch. 490, was passed without a safety clause. See Colo. Const. art. V, § 1(3).
Colorado Legal Code