Gives the Department of Revenue more discretion to decide if foreign incorporation is for tax avoidance.
Requires corporations to add back certain foreign-related federal deductions starting in 2026.
Simplifies dividend rules by allowing all foreign dividends to be subtracted from state taxable income.
Bottom line: It makes it harder for corporations to use offshore structures and federal deductions to avoid Colorado corporate income tax, while slightly simplifying one dividend-related rule.
