reglab/housing_qa huggingface dataset:
CO Code § 39-22-112 (2021)
2021 Colorado Code|Title 39 - Taxation|Article 22 - Income Tax|Part 1 - General|§ 39-22-112. Persons and Organizations Exempt From Tax Under This Article

  A person or organization exempt from federal income taxation under the provisions of the internal revenue code shall also be exempt from the tax imposed by this article 22 in each year in which such person or organization satisfies the requirements of the internal revenue code for exemption from federal income taxation; except that insurance companies subject to the tax imposed on gross premiums by section 10-3-209 shall also be exempt from the tax imposed by this article 22. Disqualified insurance companies, as defined in section 10-1-102 (6.5), shall not be exempt from the tax imposed by this article 22. If the exemption applicable to any person or organization under the provisions of the internal revenue code is limited or qualified in any manner, the exemption from taxes imposed by this article 22 shall be limited or qualified in a similar manner.    Notwithstanding the provisions of subsection (1) of this section to the contrary, the unrelated business taxable income, as computed under the provisions of the internal revenue code, of any person or organization otherwise exempt from the tax imposed by this article and subject to the tax imposed on unrelated business income by the internal revenue code shall be subject to the tax which would have been imposed by this article but for the provisions of subsection (1) of this section.     History. Source: L. 87: Entire part R&RE, p. 1433, § 2, effective June 22. L. 2021: (1) amended,(HB 21-1311), ch. 298, p. 1785, § 10, effective June 23.    Editor's note:   This section is similar to former § 39-22-111 as it existed prior to 1987.   Cross references:   For the legislative declaration in HB 21-12311, see section 1 of chapter 298, Session Laws of Colorado 2021.
CO Code § 39-22-114.5 (2021)
2021 Colorado Code|Title 39 - Taxation|Article 22 - Income Tax|Part 1 - General|§ 39-22-114.5. Tax Credit for Investment in Technologies for Recycling Plastics

  There shall be allowed to each resident individual, as a credit against the income taxes imposed by this article, a plastic recycling credit equal to twenty percent of net expenditures to third parties for rent, wages, supplies, consumable tools, equipment, test inventory, and utilities up to ten thousand dollars made by the taxpayer for new plastic recycling technology in Colorado, with a maximum credit of two thousand dollars. The tax credit allowed in this section shall be applicable only to income related to the expenditures described in this subsection (1).    If the credit allowed under this section exceeds the income taxes otherwise due on the claimant's income, the amount of the credit not used as an offset against income taxes may be carried forward as a tax credit against subsequent years' income tax liability for a period not exceeding five years and shall be applied first to the earliest years possible.    Any form filed with the department of revenue for the purpose of claiming the credit allowed by this section shall be accompanied by copies of any receipts, bills, or other documentation of the qualified expenditures claimed for the purpose of receiving such credit.     History. Source: L. 89: Entire section added, p. 1182, § 3, effective July 1.
CO Code § 39-22-116 (2021)
2021 Colorado Code|Title 39 - Taxation|Article 22 - Income Tax|Part 1 - General|§ 39-22-116. Tax Tables for Individuals

  In lieu of the tax imposed by section 39-22-104, there is hereby imposed for each taxable year on the federal taxable income of every individual for Colorado income tax purposes who does not itemize his deductions for the taxable year and whose federal taxable income for Colorado income tax purposes for such taxable year does not exceed the ceiling amount a tax determined under tables applicable to such taxable year, which shall be prescribed by the executive director and which shall be in such form as he deems appropriate. In the tables so prescribed, the amount of the tax shall be computed on the basis of the rate prescribed by section 39-22-104.    For purposes of subsection (1) of this section, “ceiling amount” means, with respect to any taxpayer, the amount, not less than twenty thousand dollars, determined by the executive director for the tax rate category in which such taxpayer falls.    Repealed.    For purposes of this article, the tax imposed by this section shall be treated as the tax imposed by section 39-22-104.    Whenever it is necessary to determine the federal taxable income of an individual for Colorado income tax purposes to whom this section applies, the federal taxable income for Colorado income tax purposes shall be determined under section 39-22-104.    The executive director may provide that this section shall apply for any taxable year to individuals who itemize their deductions.     History. Source: L. 87: Entire part R&RE, p. 1436, § 2, effective June 22. L. 88: (1) amended and (3) repealed, pp. 1314, 1317, §§ 7, 17, effective May 29.
CO Code § 39-22-122 (2021)
2021 Colorado Code|Title 39 - Taxation|Article 22 - Income Tax|Part 1 - General|§ 39-22-122. Long-Term Care Insurance Credit

  Any resident individual who incurs an expense in purchasing or making a payment upon a policy of long-term care insurance for the individual or the individual's spouse shall be allowed a credit against the income taxes due on the individual's income under this article. The credit shall be an amount equal to twenty-five percent of the amount expended for such insurance during the taxable year for which the credit is claimed. For the purposes of this section, “long-term care insurance” shall have the same meaning as in section 10-19-103 (5), C.R.S.    Notwithstanding any other provision of this section to the contrary, a credit shall only be allowed to:   An individual filing a single return with a federal taxable income of less than fifty thousand dollars for the tax year for which the credit is claimed;    Two individuals filing a joint return with a federal taxable income of less than fifty thousand dollars for the tax year for which the credit is claimed if claiming the credit for one policy; or    Two individuals filing a joint return with a federal taxable income of less than one hundred thousand dollars for the tax year for which the credit is claimed if claiming the credit for two policies or for a joint policy that covers each individual separately.       Notwithstanding any other provision of this section to the contrary, the amount of credit claimed pursuant to this section shall not exceed one hundred fifty dollars for each policy for which a credit is claimed pursuant to this section.    If the credit allowed under subsection (1) of this section exceeds the income taxes due on the resident individual's income, the amount of the credit not used to offset income taxes shall not be carried forward as tax credits against the resident individual's subsequent years' income tax liability and shall not be refunded to the individual.    Any credit allowed pursuant to the provisions of this section shall be published in rules promulgated by the executive director of the department of revenue in accordance with article 4 of title 24, C.R.S., and shall be included in income tax forms for that taxable year.     History. Source: L. 99: Entire section added, p. 1362, § 1, effective August 4. L. 2001: (2)(c) amended, p. 393, § 3, effective August 8.    Cross references:   For the legislative declaration contained in the 2001 act amending subsection (2)(c), see section 1 of chapter 133, Session Laws of Colorado 2001.
CO Code § 39-22-201 (2021)
2021 Colorado Code|Title 39 - Taxation|Article 22 - Income Tax|Part 2 - Partners and Partnerships|§ 39-22-201. Partners, Not Partnership, Subject to Tax

 A partnership as such shall not be subject to tax under this article. Persons carrying on business as partners shall be liable for the tax and the alternative minimum tax under this article only in their separate or individual capacities.   History. Source: L. 64: R&RE, p. 766, § 1. C.R.S. 1963: § 138-1-25. L. 67: P. 849, § 1. L. 87: Entire section amended, p. 1437, § 3, effective June 22. History. Source: L. 64: R&RE, p. 766, § 1. C.R.S. 1963: § 138-1-25. L. 67: P. 849, § 1. L. 87: Entire section amended, p. 1437, § 3, effective June 22.
CO Code § 39-22-202 (2021)
2021 Colorado Code|Title 39 - Taxation|Article 22 - Income Tax|Part 2 - Partners and Partnerships|§ 39-22-202. Resident Partners

  In determining the federal taxable income of a resident partner for Colorado income tax purposes, any modification described in section 39-22-104 which relates to an item of partnership income, gain, loss, or deduction shall be made in accordance with the partner's distributive share, for federal income tax purposes, of the item to which the modification relates. Where a partner's distributive share of any such item is not required to be taken into account separately for federal income tax purposes, the partner's distributive share of such item shall be determined in accordance with his distributive share, for federal income tax purposes, of partnership taxable income or loss generally.    Each item of partnership income, gain, loss, deduction, or credit shall have the same character for a partner under this article as for federal income tax purposes.    Where a partner's distributive share of an item of partnership income, gain, loss, deduction, or credit is determined for federal income tax purposes by special provision of the partnership agreement with respect to such item and where the principal purpose of such provision is the avoidance or evasion of tax under this article, the partner's distributive share of such item and any modification required with respect thereto shall be determined as if the partnership agreement made no special provision with respect to such item.     History. Source: L. 64: R&RE, p. 766, § 1. C.R.S. 1963: § 138-1-26. L. 87: (1) amended, p. 1437, § 4, effective June 22. History. Source: L. 64: R&RE, p. 766, § 1. C.R.S. 1963: § 138-1-26. L. 87: (1) amended, p. 1437, § 4, effective June 22.
CO Code § 39-22-204 (2021)
2021 Colorado Code|Title 39 - Taxation|Article 22 - Income Tax|Part 2 - Partners and Partnerships|§ 39-22-204. Accounting Periods and Methods

 The provisions of section 39-22-111 shall apply to partnerships to the extent not inconsistent with sections 39-22-201 to 39-22-203 .   History. Source: L. 64: R&RE, p. 768, § 1. C.R.S. 1963: § 138-1-28. L. 87: Entire section amended, p. 1438, § 6, effective June 22. History. Source: L. 64: R&RE, p. 768, § 1. C.R.S. 1963: § 138-1-28. L. 87: Entire section amended, p. 1438, § 6, effective June 22.
CO Code § 39-22-206 (2021)
2021 Colorado Code|Title 39 - Taxation|Article 22 - Income Tax|Part 2 - Partners and Partnerships|§ 39-22-206. Foreign Source Income of Export Taxpayers

 If a partnership qualifies as an export taxpayer, its partners may exclude from gross income for Colorado income tax purposes such partners' distributive share of any such partnership income or gain which constitutes foreign source income for federal income tax purposes. For the purposes of this section, an “export taxpayer” means any partnership which is subject to the provisions of this article and which sells fifty percent or more of its product or products which are produced in Colorado in states other than Colorado or in foreign countries or, if the gross receipts of such partnership are derived from the performance of services, such services are performed in Colorado by a partner or employee of the partnership and fifty percent or more of such services provided by the partnership are sold or provided to persons outside of Colorado.   History. Source: L. 93: Entire section added, p. 1320, § 3, effective June 6. L. 95: Entire section amended, p. 818, § 45, effective May 24.
CO Code § 39-22-300.1 (2021)
2021 Colorado Code|Title 39 - Taxation|Article 22 - Income Tax|Part 3 - Corporations|§ 39-22-300.1. Short Title - Citation

 This subpart 1 shall be comprised of sections 39-22-300.1 to 39-22-310 and may be cited as subpart 1. This subpart 1 shall be known and may be cited as the “Colorado C Corporation Income Tax Act”.   History. Source: L. 92: Entire section added, p. 2266, § 6, effective April 16.    ANNOTATION   Law reviews. For article, “Choice of Entities in Colorado”, see 23 Colo. Law. 293 (1994).
CO Code § 39-22-302 (2021)
2021 Colorado Code|Title 39 - Taxation|Article 22 - Income Tax|Part 3 - Corporations|§ 39-22-302. S Corporations

 An S corporation shall not be subject to taxation under this article.   History. Source: L. 64: R&RE, p. 768, § 1. C.R.S. 1963: § 138-1-36. L. 92: Entire section amended, p. 2265, § 3, effective April 16. History. Source: L. 64: R&RE, p. 768, § 1. C.R.S. 1963: § 138-1-36. L. 92: Entire section amended, p. 2265, § 3, effective April 16.    ANNOTATION   Law reviews. For article, “S Corporations in Colorado: Recent Cases and Legislation”, see 14 Colo. Law. 1412 (1985).   Subchapter S shareholders' income not taxable. Income which is attributed to the shareholders of a subchapter S corporation is not “dividends” subject to the surtax under section      . Cohen v. Dept. of Rev., 197 Colo. 385 , 593 P.2d 957 (1979) (decided under former 39-22-106 prior to its deletion).
CO Code § 39-22-303.1 (2021)
2021 Colorado Code|Title 39 - Taxation|Article 22 - Income Tax|Part 3 - Corporations|§ 39-22-303.1. Interstate Banking or Branching - Nondiscriminatory Tax Treatment

  On or before June 1, 1997, the executive director shall promulgate regulations to ensure nondiscriminatory tax treatment of financial organizations engaged in interstate banking or interstate branching and, in connection therewith, shall consider:   Any recommendations of the multistate tax commission established under the provisions of section 24-60-1301, C.R.S., regarding the taxation and allocation of income and expenses of financial organizations; and    Applying the multistate tax compact, as set forth in part 13 of article 60 of title 24, C.R.S., to financial organizations.        History. Source: L. 95: Entire section added, p. 770, § 16, effective July 1.
CO Code § 39-22-305 (2021)
2021 Colorado Code|Title 39 - Taxation|Article 22 - Income Tax|Part 3 - Corporations|§ 39-22-305. Consolidated Returns

  An affiliated group of C corporations, as defined in section 1504 of the internal revenue code, may elect to make a consolidated return with respect to the corporate income tax imposed by section 39-22-301 (1) for the taxable year in lieu of separate returns. The making of a consolidated return shall be upon the condition that all C corporations which at any time during the taxable year have been members of the affiliated group consent to be included in such return. The making of a consolidated return shall be considered as such consent. Such election may not be revoked in less than four years unless approved by the executive director.    The executive director shall prescribe such regulations as the executive director may deem necessary in order that the tax liability of any affiliated group of C corporations making a consolidated return and of each C corporation in the group, both during and after the period of affiliation, may be returned, determined, computed, assessed, collected, and adjusted, in such manner as clearly to reflect the income tax liability and the various factors necessary for the determination of such liability and as the executive director may deem necessary in order to prevent avoidance of the tax liability.     History. Source: L. 64: R&RE, p. 771, § 1. C.R.S. 1963: § 138-1-39. L. 77: Entire section R&RE, p. 1797, § 1, effective May 18. L. 87: (1) amended, p. 1443, § 10, effective June 22. L. 92: Entire section amended, p. 2272, § 10, effective April 16. History. Source: L. 64: R&RE, p. 771, § 1. C.R.S. 1963: § 138-1-39. L. 77: Entire section R&RE, p. 1797, § 1, effective May 18. L. 87: (1) amended, p. 1443, § 10, effective June 22. L. 92: Entire section amended, p. 2272, § 10, effective April 16.    ANNOTATION   A combined-consolidated filing is permissible. An affiliated group that is required to file a combined return may also elect to file a consolidated return. This type of return was clearly allowed under the published statutes and the related department regulations. Cendant Corp. & Subs. v. Dept. of Rev., 226 P.3d 1102 (Colo. App. 2009).
CO Code § 39-22-306 (2021)
2021 Colorado Code|Title 39 - Taxation|Article 22 - Income Tax|Part 3 - Corporations|§ 39-22-306. Accounting Periods and Methods

 The provisions of section 39-22-111 shall apply to C corporations to the extent not inconsistent with sections 39-22-301 to 39-22-305 .   History. Source: L. 64: R&RE, p. 771, § 1. C.R.S. 1963: § 138-1-40. L. 87: Entire section amended, p. 1444, § 11, effective June 22. L. 92: Entire section amended, p. 2273, § 12, effective April 16. History. Source: L. 64: R&RE, p. 771, § 1. C.R.S. 1963: § 138-1-40. L. 87: Entire section amended, p. 1444, § 11, effective June 22. L. 92: Entire section amended, p. 2273, § 12, effective April 16.
CO Code § 39-22-308 (2021)
2021 Colorado Code|Title 39 - Taxation|Article 22 - Income Tax|Part 3 - Corporations|§ 39-22-308. Credit Allowed for Purchase of Colorado Coal

  For income tax years commencing on or after January 1, 1989, but prior to January 1, 2005, there shall be allowed, as a credit against any taxes imposed on income by this part 3, an amount equal to one dollar per ton for each ton of Colorado coal purchased by and delivered to the taxpayer in excess of the number of tons of Colorado coal purchased by and delivered to the taxpayer in the income tax year commencing on or after January 1, 1988. If the amount of the tax credit allowed by this section exceeds the amount of income tax due for the taxable year, the excess amount may be carried forward as a credit against subsequent years' income tax liability for a period not exceeding three years and shall be applied first to the earliest income tax years possible. For purposes of this section, “Colorado coal” means coal mined in Colorado, as certified by the producer of such coal.      Any public or private corporate purchaser who is not liable for or subject to state income tax during the year the coal is purchased and who is otherwise eligible for the credit allowed by subsection (1) of this section may by written agreement transfer such credit to the producer of the coal. Said producer shall be allowed, as a credit against any taxes imposed on income by this part 3, an amount equal to the amount of credit for which the purchaser would otherwise have been eligible pursuant to subsection (1) of this section. Any such credit shall be subject to any limitations established in subsection (1) of this section. Said producer shall reduce the purchase price of said coal to such corporate purchaser by the amount of the credit so transferred.    The corporate purchaser shall file a copy of the written agreement with the department of revenue. The agreement shall contain, but shall not be limited to, terms stipulating the number of tons of Colorado coal purchased by the corporate purchaser in the 1988 base income tax year and the number of tons of Colorado coal over and above that base amount which is being purchased pursuant to the agreement.         History. Source: L. 89: Entire section added, p. 1507, § 1, effective April 12. L. 91: (1) amended, p. 1983, § 1, effective April 1.
CO Code § 39-22-310 (2021)
2021 Colorado Code|Title 39 - Taxation|Article 22 - Income Tax|Part 3 - Corporations|§ 39-22-310. Legislative Declaration - Statutory Interpretation and Construction

 It is the intent of the general assembly that, in interpreting or construing the provisions of this part 3, statutes shall be given the strongest weight, then rules and regulations, and then the administrative interpretation or construction of said provisions by the executive director or the department of revenue; the administrative interpretation shall be given no greater weight than the interpretation of the taxpayer regardless of how long-standing such administrative interpretation or construction might be, unless such administrative interpretation or construction is set forth in rules and regulations promulgated by the executive director.   History. Source: L. 89: Entire section added, p. 1500, § 3, effective July 1, 1990.
CO Code § 39-22-320 (2021)
2021 Colorado Code|Title 39 - Taxation|Article 22 - Income Tax|Part 3 - Corporations|§ 39-22-320. Short Title - Citation

 This subpart 2 shall be comprised of sections 39-22-320 to 39-22-330 and may be cited as subpart 2. This subpart 2 shall be known and may be cited as the “Colorado S Corporation Income Tax Act”.   History. Source: L. 92: Entire section added, p. 2260, § 1, effective April 16.    ANNOTATION   Law reviews. For article, “Choice of Entities in Colorado”, see 23 Colo. Law. 293 (1994).
CO Code § 39-22-321 (2021)
2021 Colorado Code|Title 39 - Taxation|Article 22 - Income Tax|Part 3 - Corporations|§ 39-22-321. Definitions

 For the purposes of this subpart 2, unless the context otherwise requires:    “Income attributable to the state” means items of income, loss, deduction, or credit of the S corporation apportioned or allocated to this state pursuant to section 39-22-303.5, 39-22-303.6, or 39-22-303.7.    “Income not attributable to the state” means all items of income, loss, deduction, or credit of the S corporation other than income attributable to the state.    “Post-termination transition period” means that period defined in section 1377 (b)(1) of the internal revenue code.    “Pro rata share” means the portion of any item attributable to an S corporation shareholder for a taxable period determined in the manner provided in, and subject to any election made under, section 1377   or 1362 (e), as the case may be, of the internal revenue code.       “Taxable period” means any taxable year or portion of a taxable year during which a corporation is an S corporation.     History. Source: L. 92: Entire section added, p. 2260, § 1, effective April 16. L. 2008: (1) amended, p. 966, § 9, effective January 1, 2009. L. 2019: (1) amended, (SB 19-241), ch. 390, p. 3477, § 54, effective August 2.
CO Code § 39-22-322 (2021)
2021 Colorado Code|Title 39 - Taxation|Article 22 - Income Tax|Part 3 - Corporations|§ 39-22-322. Taxation of an S Corporation and Its Shareholders

  An S corporation shall not be subject to the tax imposed by this article.    For the purposes of section 39-22-104, each shareholder's pro rata share of the S corporation's income attributable to the state and each resident shareholder's pro rata share of the S corporation's income not attributable to the state, all as modified pursuant to section 39-22-323, shall be taken into account by the shareholder in the manner provided in section 1366 of the internal revenue code.    For the purposes of determining the amounts taken into account by the shareholders of an S corporation pursuant to subsection (2) of this section, the amount of any tax imposed on the S corporation under the internal revenue code shall proportionately reduce the S corporation's income attributable to the state and income not attributable to the state.     History. Source: L. 92: Entire section added, p. 2261, § 1, effective April 16. L. 2018: (2) amended, (HB 18-1375), ch. 274, p. 1722, § 80, effective May 29.