reglab/statecodes huggingface dataset:
2023 Colorado Revised Statutes › Title 39 - TAXATION (§§ 39-1-101 — 39-37-301) › SPECIFIC TAXES (§§ 39-20-101 — 39-37-301) › INCOME TAX (§§ 39-22-101 — 39-22-5508) › Article 22 - Income Tax (§§ 39-22-101 — 39-22-5508) › Part 1 - GENERAL (§§ 39-22-101 — 39-22-130) › Section 39-22-104.5 - [Effective Until 8/7/2024] Pretax payments - catastrophic health insurance

For income tax years commencing on or after January 1, 1995, amounts withheld from an individual's wages that are used to pay for catastrophic health insurance pursuant to and within the limitations prescribed by section
10-16-116
, C.R.S., are excluded from the individual's federal taxable income for purposes of the state income tax imposed by section
39-22-104
.
L. 94: Entire section added, p. 745, § 2, effective 1/1/1995; entire section amended, p. 1651, § 97, effective 1/1/1995. L. 2013: Entire section amended, (HB 13-1266), ch. 217, p. 994, § 69, effective May 13.
This section is set out more than once due to postponed, multiple, or conflicting amendments.
For other provisions concerning adjustments to federal taxable income, see § 39-22-104 .
2023 Colorado Revised Statutes › Title 39 - TAXATION (§§ 39-1-101 — 39-37-301) › SPECIFIC TAXES (§§ 39-20-101 — 39-37-301) › INCOME TAX (§§ 39-22-101 — 39-22-5508) › Article 22 - Income Tax (§§ 39-22-101 — 39-22-5508) › Part 1 - GENERAL (§§ 39-22-101 — 39-22-130) › Section 39-22-104.5 - [Effective 8/7/2024] Pretax payments - catastrophic health insurance - repeal

(1)
For income tax years commencing on or after January 1, 1995, and prior to January 1, 2025, amounts withheld from an individual's wages that are used to pay for catastrophic health insurance pursuant to and within the limitations prescribed by section
10-16-116
, are excluded from the individual's federal taxable income for purposes of the state income tax imposed by section
39-22-104
.
(2)
This section is repealed, effective December 31, 2028.
Amended by 2024 Ch. 373,§ 3, eff. 8/7/2024.
L. 94: Entire section added, p. 745, § 2, effective 1/1/1995; entire section amended, p. 1651, § 97, effective 1/1/1995. L. 2013: Entire section amended, (HB 13-1266), ch. 217, p. 994, § 69, effective May 13.
2024 Ch. 373, was passed without a safety clause. See Colo. Const. art. V, § 1(3).
This section is set out more than once due to postponed, multiple, or conflicting amendments.
For other provisions concerning adjustments to federal taxable income, see § 39-22-104 .
2023 Colorado Revised Statutes › Title 39 - TAXATION (§§ 39-1-101 — 39-37-301) › SPECIFIC TAXES (§§ 39-20-101 — 39-37-301) › INCOME TAX (§§ 39-22-101 — 39-22-5508) › Article 22 - Income Tax (§§ 39-22-101 — 39-22-5508) › Part 1 - GENERAL (§§ 39-22-101 — 39-22-130) › Section 39-22-104.6 - [Effective Until 8/7/2024] Pretax payments - medical savings accounts

To the extent a taxpayer is not otherwise claiming deductions on federal income tax returns for contributions to medical savings accounts, amounts withheld from an individual's wages which are contributed to such individual's medical savings account, pursuant to section
39-22-504.7
, are excluded from an individual's federal taxable income for purposes of the state income tax imposed by section
39-22-104
.
L. 94: Entire section added, p. 745, § 4, effective 1/1/1995. L. 97: Entire section amended, p. 643, § 10, effective May 1.
This section is set out more than once due to postponed, multiple, or conflicting amendments.
For other provisions concerning adjustment to federal taxable income, see § 39-22-104 .
2023 Colorado Revised Statutes › Title 39 - TAXATION (§§ 39-1-101 — 39-37-301) › SPECIFIC TAXES (§§ 39-20-101 — 39-37-301) › INCOME TAX (§§ 39-22-101 — 39-22-5508) › Article 22 - Income Tax (§§ 39-22-101 — 39-22-5508) › Part 1 - GENERAL (§§ 39-22-101 — 39-22-130) › Section 39-22-104.6 - [Effective 8/7/2024] Pretax payments - medical savings accounts - repeal

(1)
Prior to January 1, 2025, to the extent a taxpayer is not otherwise claiming deductions on federal income tax returns for contributions to medical savings accounts, amounts withheld from an individual's wages which are contributed to such individual's medical savings account, pursuant to section
39-22-504.7
, are excluded from an individual's federal taxable income for purposes of the state income tax imposed by section
39-22-104
.
(2)
This section is repealed, effective December 31, 2028.
Amended by 2024 Ch. 373,§ 8, eff. 8/7/2024.
L. 94: Entire section added, p. 745, § 4, effective 1/1/1995. L. 97: Entire section amended, p. 643, § 10, effective May 1.
2024 Ch. 373, was passed without a safety clause. See Colo. Const. art. V, § 1(3).
This section is set out more than once due to postponed, multiple, or conflicting amendments.
For other provisions concerning adjustment to federal taxable income, see § 39-22-104 .
2023 Colorado Revised Statutes › Title 39 - TAXATION (§§ 39-1-101 — 39-37-301) › SPECIFIC TAXES (§§ 39-20-101 — 39-37-301) › INCOME TAX (§§ 39-22-101 — 39-22-5508) › Article 22 - Income Tax (§§ 39-22-101 — 39-22-5508) › Part 1 - GENERAL (§§ 39-22-101 — 39-22-130) › Section 39-22-106 - Colorado personal exemptions of a resident individual

A resident individual shall be entitled to a Colorado exemption of zero dollars.
L. 87: Entire part R&RE, p. 1430, § 2, effective June 22.
This section is similar to former § 39-22-114 as it existed prior to 1987.
2023 Colorado Revised Statutes › Title 39 - TAXATION (§§ 39-1-101 — 39-37-301) › SPECIFIC TAXES (§§ 39-20-101 — 39-37-301) › INCOME TAX (§§ 39-22-101 — 39-22-5508) › Article 22 - Income Tax (§§ 39-22-101 — 39-22-5508) › Part 1 - GENERAL (§§ 39-22-101 — 39-22-130) › Section 39-22-107 - Income tax filing status

(1)
If the federal taxable income of two taxpayers may legally be determined on a joint federal return but actually is determined on separate federal returns, such income for purposes of the Colorado income tax shall be separately determined.
(2)
If the federal taxable income of two taxpayers is determined on a joint federal return, their tax shall be determined on their joint federal taxable income.
(3)
Repealed.
L. 87: Entire part R&RE, p. 1430, § 2, effective June 22. L. 88: (3) repealed, p. 1317, § 17, effective May 29. L. 2014: (1) and (2) amended, (SB 14-019), ch. 10, p. 98, § 3, effective February 27.
(1) This section is similar to former § 39-22-109 as it existed prior to 1987.
(2) Section 9 of chapter 10 (SB 14-019), Session Laws of Colorado 2014, provides that changes to this section by the act apply to income tax years commencing on or after January 1, 2013, and any other income tax years that are open under §
39-21-107
or
39-21-108
.
2023 Colorado Revised Statutes › Title 39 - TAXATION (§§ 39-1-101 — 39-37-301) › SPECIFIC TAXES (§§ 39-20-101 — 39-37-301) › INCOME TAX (§§ 39-22-101 — 39-22-5508) › Article 22 - Income Tax (§§ 39-22-101 — 39-22-5508) › Part 1 - GENERAL (§§ 39-22-101 — 39-22-130) › Section 39-22-107.5 - Income tax filing status - innocent spouse relief

In any case in which a taxpayer has been granted relief under section 6015 of the internal revenue code, such taxpayer shall also be granted comparable relief from joint and several liability for the tax imposed under this article and any interest, penalties, and other amounts related to such tax.
L. 2001: Entire section added, p. 37, § 1, effective August 8.
2023 Colorado Revised Statutes › Title 39 - TAXATION (§§ 39-1-101 — 39-37-301) › SPECIFIC TAXES (§§ 39-20-101 — 39-37-301) › INCOME TAX (§§ 39-22-101 — 39-22-5508) › Article 22 - Income Tax (§§ 39-22-101 — 39-22-5508) › Part 1 - GENERAL (§§ 39-22-101 — 39-22-130) › Section 39-22-108.5 - Dual resident trusts - income tax calculation

(1)
With respect to a trust that is a resident of another state and becomes a resident of Colorado after May 25, 2006, and that is subject to income taxes in the other state and in Colorado by virtue of the trust's dual residence, the executive director shall, in lieu of the credit granted in section
39-22-108(1)
, allow a credit to the Colorado income tax to be determined in accordance with this section.
(2)
The credit amount shall be equal to the Colorado income tax imposed on the portion of the trust's income that is subject to tax in Colorado and the other state, multiplied by a percentage equal to the other state's income tax rate for the income tax year divided by the sum of the income tax rates of Colorado and the other state for the income tax year.
(3)
If the credit amount in subsection (2) of this section is computed using more than one other state, the percentage used shall equal the combined total of all the other states' income tax rates for the income tax year divided by the combined income tax rates of Colorado and the other states for the income tax year.
(4)
For purposes of this section, "state income tax rate" means the trust's state income tax liability divided by the trust's taxable income used to compute the state income tax liability.
(5)
The provisions of section
39-22-108(3), (4), and (5)
shall apply to this section.
L. 2006: Entire section added, p. 1163, § 1, effective May 25.
2023 Colorado Revised Statutes › Title 39 - TAXATION (§§ 39-1-101 — 39-37-301) › SPECIFIC TAXES (§§ 39-20-101 — 39-37-301) › INCOME TAX (§§ 39-22-101 — 39-22-5508) › Article 22 - Income Tax (§§ 39-22-101 — 39-22-5508) › Part 1 - GENERAL (§§ 39-22-101 — 39-22-130) › Section 39-22-110 - Apportionment of tax in the case of a part-year resident

(1)
In the case of an individual who is a resident of Colorado for part of his taxable year, the tax imposed by section
39-22-104
shall be apportioned in the ratio of that part of his federal adjusted gross income which relates to the period of the year he was a Colorado resident to his total federal adjusted gross income, both modified as provided in section
39-22-104
.
(2)
A taxpayer filing a part-year resident return shall also file as a nonresident on the same return as provided in section
39-22-109
for the remaining portion of his federal taxable year in the event the taxpayer has income within such remaining portion derived from sources within Colorado, as defined in section
39-22-109(2)
.
(3)
Repealed.
(4)
In determining apportioned federal adjusted gross income which relates to the period of the year a part-year resident was a resident as required in subsection (1) of this section, S corporation income shall be apportioned as provided in section
39-22-326
.
L. 87: Entire part R&RE, p. 1432, § 2, effective June 22. L. 88: (1) R&RE and (3) repealed, pp. 1314, 1317, §§ 6, 17, effective May 29. L. 92: (4) added, p. 2266, § 5, effective April 16.
This section is similar to former § 39-22-116 as it existed prior to 1987.
2023 Colorado Revised Statutes › Title 39 - TAXATION (§§ 39-1-101 — 39-37-301) › SPECIFIC TAXES (§§ 39-20-101 — 39-37-301) › INCOME TAX (§§ 39-22-101 — 39-22-5508) › Article 22 - Income Tax (§§ 39-22-101 — 39-22-5508) › Part 1 - GENERAL (§§ 39-22-101 — 39-22-130) › Section 39-22-111 - Accounting periods and methods

(1)
The taxpayer's taxable year under this article shall be the same as his taxable year for federal income tax purposes.
(2)
If a taxpayer's taxable year is changed for federal income tax purposes, his taxable year for purposes of this article shall be similarly changed.
(3)
The taxpayer's method of accounting under this article shall be the same as his method of accounting for federal income tax purposes.
(4)
If a taxpayer's method of accounting is changed for federal income tax purposes, his method of accounting for purposes of this article shall be similarly changed.
L. 87: Entire part R&RE, p. 1432, § 2, effective June 22.
This section is similar to former § 39-22-107 as it existed prior to 1987.
2023 Colorado Revised Statutes › Title 39 - TAXATION (§§ 39-1-101 — 39-37-301) › SPECIFIC TAXES (§§ 39-20-101 — 39-37-301) › INCOME TAX (§§ 39-22-101 — 39-22-5508) › Article 22 - Income Tax (§§ 39-22-101 — 39-22-5508) › Part 1 - GENERAL (§§ 39-22-101 — 39-22-130) › Section 39-22-112 - Persons and organizations exempt from tax under this article

(1)
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.
(2)
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.
Amended by 2021 Ch. 298,§10, eff. 6/23/2021.
L. 87: Entire part R&RE, p. 1433, § 2, effective June 22. L. 2021: (1) amended, (HB 21-1311), ch. 1785, p. 1785, § 10, effective June 23.
This section is similar to former § 39-22-111 as it existed prior to 1987.
For the legislative declaration in HB 21-12311, see section 1 of chapter 298, Session Laws of Colorado 2021.
2023 Colorado Revised Statutes › Title 39 - TAXATION (§§ 39-1-101 — 39-37-301) › SPECIFIC TAXES (§§ 39-20-101 — 39-37-301) › INCOME TAX (§§ 39-22-101 — 39-22-5508) › Article 22 - Income Tax (§§ 39-22-101 — 39-22-5508) › Part 1 - GENERAL (§§ 39-22-101 — 39-22-130) › Section 39-22-113 - [Repealed]

L. 87: Entire part R&RE, p. 1433, § 2, effective June 22. L. 93: (1), (2), (3)(a), and (3)(b)(I) amended, p. 1670, § 88, effective July 1. L. 2004: Entire section repealed, p. 207, § 32, effective August 4.
Before its repeal, this section was similar to former § 39-22-126 as it existed prior to 1987.
2023 Colorado Revised Statutes › Title 39 - TAXATION (§§ 39-1-101 — 39-37-301) › SPECIFIC TAXES (§§ 39-20-101 — 39-37-301) › INCOME TAX (§§ 39-22-101 — 39-22-5508) › Article 22 - Income Tax (§§ 39-22-101 — 39-22-5508) › Part 1 - GENERAL (§§ 39-22-101 — 39-22-130) › Section 39-22-114 - [Repealed]

L. 87: Entire part R&RE, p. 1434, § 2, effective June 22. L. 2002: (5)(c) amended, p. 1557, § 349, effective October 1. L. 2004: Entire section repealed, p. 208, § 33, effective August 4.
Before its repeal, this section was similar to former § 39-22-127 as it existed prior to 1987.
2023 Colorado Revised Statutes › Title 39 - TAXATION (§§ 39-1-101 — 39-37-301) › SPECIFIC TAXES (§§ 39-20-101 — 39-37-301) › INCOME TAX (§§ 39-22-101 — 39-22-5508) › Article 22 - Income Tax (§§ 39-22-101 — 39-22-5508) › Part 1 - GENERAL (§§ 39-22-101 — 39-22-130) › Section 39-22-114.5 - Tax credit for investment in technologies for recycling plastics - repeal

(1)
For income tax years commencing prior to January 1, 2023, there shall be allowed to each resident individual, as a credit against the income taxes imposed by this article 22, 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).
(2)
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.
(3)
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.
(4)
This section is repealed, effective July 1, 2029.
Amended by 2022 Ch. 145,§3, eff. 8/10/2022.
L. 89: Entire section added, p. 1182, § 3, effective July 1.
2022 Ch. 145, was passed without a safety clause. See Colo. Const. art. V, § 1(3).
2023 Colorado Revised Statutes › Title 39 - TAXATION (§§ 39-1-101 — 39-37-301) › SPECIFIC TAXES (§§ 39-20-101 — 39-37-301) › INCOME TAX (§§ 39-22-101 — 39-22-5508) › Article 22 - Income Tax (§§ 39-22-101 — 39-22-5508) › Part 1 - GENERAL (§§ 39-22-101 — 39-22-130) › Section 39-22-115 - [Repealed]

L. 87: Entire part R&RE, p. 1435, § 2, effective June 22. L. 2004: Entire section repealed, p. 209, § 34, effective August 4.
Before its repeal, this section was similar to former § 39-22-128 as it existed prior to 1987.
2023 Colorado Revised Statutes › Title 39 - TAXATION (§§ 39-1-101 — 39-37-301) › SPECIFIC TAXES (§§ 39-20-101 — 39-37-301) › INCOME TAX (§§ 39-22-101 — 39-22-5508) › Article 22 - Income Tax (§§ 39-22-101 — 39-22-5508) › Part 1 - GENERAL (§§ 39-22-101 — 39-22-130) › Section 39-22-116 - Tax tables for individuals

(1)
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
.
(2)
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.
(3)
Repealed.
(4)
For purposes of this article, the tax imposed by this section shall be treated as the tax imposed by section
39-22-104
.
(5)
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
.
(6)
The executive director may provide that this section shall apply for any taxable year to individuals who itemize their deductions.
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.
2023 Colorado Revised Statutes › Title 39 - TAXATION (§§ 39-1-101 — 39-37-301) › SPECIFIC TAXES (§§ 39-20-101 — 39-37-301) › INCOME TAX (§§ 39-22-101 — 39-22-5508) › Article 22 - Income Tax (§§ 39-22-101 — 39-22-5508) › Part 1 - GENERAL (§§ 39-22-101 — 39-22-130) › Section 39-22-117 - [Repealed]

L. 90: Entire section added, p. 640, § 2, effective July 1; (3) added by revision, p. 641, § 5.
Subsection (3) provided for the repeal of this section, effective July 1, 1993. (See L. 90, p. 641.)
2023 Colorado Revised Statutes › Title 39 - TAXATION (§§ 39-1-101 — 39-37-301) › SPECIFIC TAXES (§§ 39-20-101 — 39-37-301) › INCOME TAX (§§ 39-22-101 — 39-22-5508) › Article 22 - Income Tax (§§ 39-22-101 — 39-22-5508) › Part 1 - GENERAL (§§ 39-22-101 — 39-22-130) › Section 39-22-118 - [Repealed]

L. 91: Entire section added, p. 1998, § 1, effective May 1. L. 92: (2) amended, p. 1067, § 2, effective March 16.
Subsection (3) provided for the repeal of this section, effective June 15, 1994. (See L. 91, p. 1998.)
2023 Colorado Revised Statutes › Title 39 - TAXATION (§§ 39-1-101 — 39-37-301) › SPECIFIC TAXES (§§ 39-20-101 — 39-37-301) › INCOME TAX (§§ 39-22-101 — 39-22-5508) › Article 22 - Income Tax (§§ 39-22-101 — 39-22-5508) › Part 1 - GENERAL (§§ 39-22-101 — 39-22-130) › Section 39-22-120 - [Multiple Versions] [Effective Until 8/7/2024] [Repealed]

Repealed by 2024 Ch. 170,§ 6, eff. 5/14/2024.
This section is set out more than once due to postponed, multiple, or conflicting amendments.
L. 97, 1st Ex. Sess.: Entire section added, p. 1, § 1, effective October 22. L. 98, 2nd Ex. Sess.: (1)(b), (1)(e), (1)(f), (1)(e), and (2) to (7) amended and (8) to (11) added, p. 1, § 1, effective September 16. L. 99: (5.5) added, p. 1364, § 1, effective June 3. L. 2002: (10) amended, p. 1557, § 350, effective October 1. L. 2004: (10) amended, p. 1209, § 89, effective August 4. L. 2007: (5.5)(c) amended, p. 2049, § 95, effective June 1.
2023 Colorado Revised Statutes › Title 39 - TAXATION (§§ 39-1-101 — 39-37-301) › SPECIFIC TAXES (§§ 39-20-101 — 39-37-301) › INCOME TAX (§§ 39-22-101 — 39-22-5508) › Article 22 - Income Tax (§§ 39-22-101 — 39-22-5508) › Part 1 - GENERAL (§§ 39-22-101 — 39-22-130) › Section 39-22-120 - [Multiple Versions] [Effective 8/7/2024] [Repealed]

Repealed by 2024 Ch. 170,§ 6, eff. 5/14/2024.
This section is set out more than once due to postponed, multiple, or conflicting amendments.
L. 97, 1st Ex. Sess.: Entire section added, p. 1, § 1, effective October 22. L. 98, 2nd Ex. Sess.: (1)(b), (1)(e), (1)(f), (1)(e), and (2) to (7) amended and (8) to (11) added, p. 1, § 1, effective September 16. L. 99: (5.5) added, p. 1364, § 1, effective June 3. L. 2002: (10) amended, p. 1557, § 350, effective October 1. L. 2004: (10) amended, p. 1209, § 89, effective August 4. L. 2007: (5.5)(c) amended, p. 2049, § 95, effective June 1.
2023 Colorado Revised Statutes › Title 39 - TAXATION (§§ 39-1-101 — 39-37-301) › SPECIFIC TAXES (§§ 39-20-101 — 39-37-301) › INCOME TAX (§§ 39-22-101 — 39-22-5508) › Article 22 - Income Tax (§§ 39-22-101 — 39-22-5508) › Part 1 - GENERAL (§§ 39-22-101 — 39-22-130) › Section 39-22-120.5 - [Repealed]

L. 99: Entire section added, p. 1365, § 2, effective June 3. L. 2005: Entire section repealed, p. 133, § 4, effective April 5.
2023 Colorado Revised Statutes › Title 39 - TAXATION (§§ 39-1-101 — 39-37-301) › SPECIFIC TAXES (§§ 39-20-101 — 39-37-301) › INCOME TAX (§§ 39-22-101 — 39-22-5508) › Article 22 - Income Tax (§§ 39-22-101 — 39-22-5508) › Part 1 - GENERAL (§§ 39-22-101 — 39-22-130) › Section 39-22-122 - Long-term care insurance credit

(1)
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.
(2)
Notwithstanding any other provision of this section to the contrary, a credit shall only be allowed to:
(a)
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;
(b)
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
(c)
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.
(3)
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.
(4)
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.
(5)
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.
L. 99: Entire section added, p. 1362, § 1, effective August 4. L. 2001: (2)(c) amended, p. 393, § 3, effective August 8.
For the legislative declaration contained in the 2001 act amending subsection (2)(c), see section 1 of chapter 133, Session Laws of Colorado 2001.
2023 Colorado Revised Statutes › Title 39 - TAXATION (§§ 39-1-101 — 39-37-301) › SPECIFIC TAXES (§§ 39-20-101 — 39-37-301) › INCOME TAX (§§ 39-22-101 — 39-22-5508) › Article 22 - Income Tax (§§ 39-22-101 — 39-22-5508) › Part 1 - GENERAL (§§ 39-22-101 — 39-22-130) › Section 39-22-124 - [Repealed]

L. 99: Entire section added, p. 1289, § 1, effective August 4. L. 2000: (2)(b), (3), (4), (5), (8)(a), (8)(b), (8)(c)(I), and (8)(c)(II) amended and (5.5) and (6.5) added, p. 744, § 1, effective May 23. L. 2001: (3), IP(4), (4)(b), IP(5), IP(5)(a), (5)(b), and (8)(c)(I) amended and (4.5) and (10) added, p. 429, § 1, effective April 20. L. 2010: Entire section repealed, (SB 10-212), ch. 412, p. 2032, §1, effective July 1.
2023 Colorado Revised Statutes › Title 39 - TAXATION (§§ 39-1-101 — 39-37-301) › SPECIFIC TAXES (§§ 39-20-101 — 39-37-301) › INCOME TAX (§§ 39-22-101 — 39-22-5508) › Article 22 - Income Tax (§§ 39-22-101 — 39-22-5508) › Part 1 - GENERAL (§§ 39-22-101 — 39-22-130) › Section 39-22-125 - [Repealed]

L. 2000: Entire section added, p. 930, § 1, effective May 25. L. 2010: Entire section repealed, (SB 10-212), ch. 412, p. 2032, §1, effective July 1.
2023 Colorado Revised Statutes › Title 39 - TAXATION (§§ 39-1-101 — 39-37-301) › SPECIFIC TAXES (§§ 39-20-101 — 39-37-301) › INCOME TAX (§§ 39-22-101 — 39-22-5508) › Article 22 - Income Tax (§§ 39-22-101 — 39-22-5508) › Part 1 - GENERAL (§§ 39-22-101 — 39-22-130) › Section 39-22-126 - [Repealed]

L. 2000: Entire section added, p. 738, § 1, effective August 2. L. 2001: (2)(a) amended, p. 186, § 19, effective August 8; (2)(a), (2)(b)(I), (3), (4)(a), (4)(d), (6), (7), (9), and (10)(a) amended, p. 649, § 1, effective August 8; (4)(a), (4)(d), (6), (7), and (10)(a) amended, p. 393, § 4, effective August 8. L. 2010: Entire section repealed, (SB 10-212), ch. 412, p. 2032, §1, effective July 1.
2023 Colorado Revised Statutes › Title 39 - TAXATION (§§ 39-1-101 — 39-37-301) › SPECIFIC TAXES (§§ 39-20-101 — 39-37-301) › INCOME TAX (§§ 39-22-101 — 39-22-5508) › Article 22 - Income Tax (§§ 39-22-101 — 39-22-5508) › Part 1 - GENERAL (§§ 39-22-101 — 39-22-130) › Section 39-22-127 - [Repealed]

L. 2001: Entire section added, p. 608, § 1, effective May 30. L. 2010: Entire section repealed, (SB 10-212), ch. 412, p. 2032, §1, effective July 1.
2023 Colorado Revised Statutes › Title 39 - TAXATION (§§ 39-1-101 — 39-37-301) › SPECIFIC TAXES (§§ 39-20-101 — 39-37-301) › INCOME TAX (§§ 39-22-101 — 39-22-5508) › Article 22 - Income Tax (§§ 39-22-101 — 39-22-5508) › Part 1 - GENERAL (§§ 39-22-101 — 39-22-130) › Section 39-22-128 - [Repealed]

L. 2002, 3rd Ex. Sess.: Entire section added, p. 56, § 1, effective August 12.
Subsection (4) provided for the repeal of this section, effective January 1, 2009. (See L. 2002, 3rd Ex. Sess., p. 56.)
2023 Colorado Revised Statutes › Title 39 - TAXATION (§§ 39-1-101 — 39-37-301) › SPECIFIC TAXES (§§ 39-20-101 — 39-37-301) › INCOME TAX (§§ 39-22-101 — 39-22-5508) › Article 22 - Income Tax (§§ 39-22-101 — 39-22-5508) › Part 2 - PARTNERS AND PARTNERSHIPS (§§ 39-22-201 — 39-22-206) › Section 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.
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.
2023 Colorado Revised Statutes › Title 39 - TAXATION (§§ 39-1-101 — 39-37-301) › SPECIFIC TAXES (§§ 39-20-101 — 39-37-301) › INCOME TAX (§§ 39-22-101 — 39-22-5508) › Article 22 - Income Tax (§§ 39-22-101 — 39-22-5508) › Part 2 - PARTNERS AND PARTNERSHIPS (§§ 39-22-201 — 39-22-206) › Section 39-22-201.5 - [Repealed]

L. 90: Entire section added, p. 453, § 34, effective April 18. L. 95: Entire section repealed, p. 817, § 41, effective May 24.
2023 Colorado Revised Statutes › Title 39 - TAXATION (§§ 39-1-101 — 39-37-301) › SPECIFIC TAXES (§§ 39-20-101 — 39-37-301) › INCOME TAX (§§ 39-22-101 — 39-22-5508) › Article 22 - Income Tax (§§ 39-22-101 — 39-22-5508) › Part 2 - PARTNERS AND PARTNERSHIPS (§§ 39-22-201 — 39-22-206) › Section 39-22-202 - Resident partners - definition

(1)
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.
(2)
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.
(3)
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.
(4)
For purposes of section
39-22-108
, each resident partner is considered to have paid a tax on each resident partner in an amount equal to each resident partner's pro rata share of any net income tax paid by the partnership to a state that does not measure the income of partners of a partnership by reference to the income of the partnership. As used in this subsection (4), "net income tax" means any tax imposed on, or measured by, a partnership's net income.
Amended by 2022 Ch. 164,§1, eff. 5/16/2022.
L. 64: R&RE, p. 766, § 1. C.R.S. 1963: § 138-1-26. L. 87: (1) amended, p. 1437, § 4, effective June 22.
2023 Colorado Revised Statutes › Title 39 - TAXATION (§§ 39-1-101 — 39-37-301) › SPECIFIC TAXES (§§ 39-20-101 — 39-37-301) › INCOME TAX (§§ 39-22-101 — 39-22-5508) › Article 22 - Income Tax (§§ 39-22-101 — 39-22-5508) › Part 2 - PARTNERS AND PARTNERSHIPS (§§ 39-22-201 — 39-22-206) › Section 39-22-202.5 - [Repealed]

L. 90: Entire section added, p. 453, § 34, effective April 18. L. 95: Entire section repealed, p. 817, § 42, effective May 24.
2023 Colorado Revised Statutes › Title 39 - TAXATION (§§ 39-1-101 — 39-37-301) › SPECIFIC TAXES (§§ 39-20-101 — 39-37-301) › INCOME TAX (§§ 39-22-101 — 39-22-5508) › Article 22 - Income Tax (§§ 39-22-101 — 39-22-5508) › Part 2 - PARTNERS AND PARTNERSHIPS (§§ 39-22-201 — 39-22-206) › Section 39-22-203 - Nonresident partners

(1)
(a)
In determining Colorado nonresident federal taxable income of a nonresident partner of any partnership, there shall be included only the portion of such partner's distributive share of items of partnership income, gain, loss, deduction, or credit derived from sources within Colorado determined in accordance with the provisions of section
39-22-109
or, at the partnership's election, apportioned or allocated to this state pursuant to section
39-22-303.5
,
39-22-303.6
, or
39-22-303.7
.
(b)
Repealed.
(2)
In determining the sources of a nonresident partner's income for the purposes of Colorado income tax, no effect shall be given to a provision in the partnership agreement which:
(a)
Characterizes payments to the partner as being for services or for the use of capital; or
(b)
Allocates to the partner, as income or gain from sources outside Colorado, a greater portion of his distributive share of partnership income or gain than the ratio of partnership income or gain from sources outside Colorado to partnership income or gain from all sources, except as authorized in subsection (4) of this section; or
(c)
Allocates to the partner a greater proportion of a partnership item of loss or deduction connected with sources within Colorado than his proportionate share, for federal income tax purposes, of partnership loss or deduction generally, except as authorized in subsection (4) of this section.
(3)
Repealed.
(4)
The executive director may authorize the use of such other methods of determining a nonresident partner's portion of partnership items derived from or connected with sources within Colorado, and the modifications related thereto, as may be appropriate and equitable, on such terms and conditions as he may require.
(5)
(a)
A nonresident partner's distributive share of items shall be determined under section
39-22-202 (1)
.
(b)
The character of partnership items for a nonresident partner shall be determined under section
39-22-202 (2)
.
(c)
The effect of a special provision in a partnership agreement having the principal purpose of avoidance or evasion of tax under this article shall be determined under section
39-22-202 (3)
.
Amended by 2019 Ch. 390, § 51, eff. 8/2/2019.
L. 64: R&RE, p. 767, § 1. C.R.S. 1963: § 138-1-27. L. 83: (1)(b) amended, p. 1513, § 5, effective 1/1/1984. L. 87: (1)(a), IP(2), and (2)(c) amended and (1)(b) and (3) repealed, pp. 1437, 1457, §§ 5, 31, effective June 22. L. 93: (1)(a) amended, p. 1319, § 1, effective June 6. L. 2008: (1)(a) amended, p. 954, § 6, effective 1/1/2009. L. 2019: (1)(a) amended, (SB 19-241), ch. 3476, p. 3476, § 51, effective August 2.
2023 Colorado Revised Statutes › Title 39 - TAXATION (§§ 39-1-101 — 39-37-301) › SPECIFIC TAXES (§§ 39-20-101 — 39-37-301) › INCOME TAX (§§ 39-22-101 — 39-22-5508) › Article 22 - Income Tax (§§ 39-22-101 — 39-22-5508) › Part 2 - PARTNERS AND PARTNERSHIPS (§§ 39-22-201 — 39-22-206) › Section 39-22-203.5 - [Repealed]

L. 90: Entire section added, p. 454, § 34, effective April 18. L. 93: (1) amended, p. 1319, § 2, effective June 6. L. 95: Entire section repealed, p. 818, § 46, effective May 24.
2023 Colorado Revised Statutes › Title 39 - TAXATION (§§ 39-1-101 — 39-37-301) › SPECIFIC TAXES (§§ 39-20-101 — 39-37-301) › INCOME TAX (§§ 39-22-101 — 39-22-5508) › Article 22 - Income Tax (§§ 39-22-101 — 39-22-5508) › Part 2 - PARTNERS AND PARTNERSHIPS (§§ 39-22-201 — 39-22-206) › Section 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
.
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.
2023 Colorado Revised Statutes › Title 39 - TAXATION (§§ 39-1-101 — 39-37-301) › SPECIFIC TAXES (§§ 39-20-101 — 39-37-301) › INCOME TAX (§§ 39-22-101 — 39-22-5508) › Article 22 - Income Tax (§§ 39-22-101 — 39-22-5508) › Part 2 - PARTNERS AND PARTNERSHIPS (§§ 39-22-201 — 39-22-206) › Section 39-22-204.5 - [Repealed]

L. 90: Entire section added, p. 454, § 34, effective April 18. L. 95: Entire section repealed, p. 817, § 43, effective May 24.
2023 Colorado Revised Statutes › Title 39 - TAXATION (§§ 39-1-101 — 39-37-301) › SPECIFIC TAXES (§§ 39-20-101 — 39-37-301) › INCOME TAX (§§ 39-22-101 — 39-22-5508) › Article 22 - Income Tax (§§ 39-22-101 — 39-22-5508) › Part 2 - PARTNERS AND PARTNERSHIPS (§§ 39-22-201 — 39-22-206) › Section 39-22-205 - [Repealed]

L. 90: Entire section added, p. 455, § 34, effective April 18. L. 95: Entire section repealed, p. 817, § 44, effective May 24.
2023 Colorado Revised Statutes › Title 39 - TAXATION (§§ 39-1-101 — 39-37-301) › SPECIFIC TAXES (§§ 39-20-101 — 39-37-301) › INCOME TAX (§§ 39-22-101 — 39-22-5508) › Article 22 - Income Tax (§§ 39-22-101 — 39-22-5508) › Part 2 - PARTNERS AND PARTNERSHIPS (§§ 39-22-201 — 39-22-206) › Section 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.
L. 93: Entire section added, p. 1320, § 3, effective June 6. L. 95: Entire section amended, p. 818, § 45, effective May 24.
2023 Colorado Revised Statutes › Title 39 - TAXATION (§§ 39-1-101 — 39-37-301) › SPECIFIC TAXES (§§ 39-20-101 — 39-37-301) › INCOME TAX (§§ 39-22-101 — 39-22-5508) › Article 22 - Income Tax (§§ 39-22-101 — 39-22-5508) › Part 3 - CORPORATIONS (§§ 39-22-300.1 — 39-22-347) › Subpart 1 - C CORPORATIONS (§§ 39-22-300.1 — 39-22-310) › Section 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".
L. 92: Entire section added, p. 2266, § 6, effective April 16.
2023 Colorado Revised Statutes › Title 39 - TAXATION (§§ 39-1-101 — 39-37-301) › SPECIFIC TAXES (§§ 39-20-101 — 39-37-301) › INCOME TAX (§§ 39-22-101 — 39-22-5508) › Article 22 - Income Tax (§§ 39-22-101 — 39-22-5508) › Part 3 - CORPORATIONS (§§ 39-22-300.1 — 39-22-347) › Subpart 1 - C CORPORATIONS (§§ 39-22-300.1 — 39-22-310) › Section 39-22-302 - S corporations

An S corporation shall not be subject to taxation under this article.
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.
2023 Colorado Revised Statutes › Title 39 - TAXATION (§§ 39-1-101 — 39-37-301) › SPECIFIC TAXES (§§ 39-20-101 — 39-37-301) › INCOME TAX (§§ 39-22-101 — 39-22-5508) › Article 22 - Income Tax (§§ 39-22-101 — 39-22-5508) › Part 3 - CORPORATIONS (§§ 39-22-300.1 — 39-22-347) › Subpart 1 - C CORPORATIONS (§§ 39-22-300.1 — 39-22-310) › Section 39-22-303.1 - Interstate banking or branching - nondiscriminatory tax treatment

(1)
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:
(a)
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
(b)
Applying the multistate tax compact, as set forth in part 13 of article
60
of title
24
, C.R.S., to financial organizations.
L. 95: Entire section added, p. 770, § 16, effective July 1.
2023 Colorado Revised Statutes › Title 39 - TAXATION (§§ 39-1-101 — 39-37-301) › SPECIFIC TAXES (§§ 39-20-101 — 39-37-301) › INCOME TAX (§§ 39-22-101 — 39-22-5508) › Article 22 - Income Tax (§§ 39-22-101 — 39-22-5508) › Part 3 - CORPORATIONS (§§ 39-22-300.1 — 39-22-347) › Subpart 1 - C CORPORATIONS (§§ 39-22-300.1 — 39-22-310) › Section 39-22-305 - Consolidated returns

(1)
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.
(2)
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.
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.
2023 Colorado Revised Statutes › Title 39 - TAXATION (§§ 39-1-101 — 39-37-301) › SPECIFIC TAXES (§§ 39-20-101 — 39-37-301) › INCOME TAX (§§ 39-22-101 — 39-22-5508) › Article 22 - Income Tax (§§ 39-22-101 — 39-22-5508) › Part 3 - CORPORATIONS (§§ 39-22-300.1 — 39-22-347) › Subpart 1 - C CORPORATIONS (§§ 39-22-300.1 — 39-22-310) › Section 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
.
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.
2023 Colorado Revised Statutes › Title 39 - TAXATION (§§ 39-1-101 — 39-37-301) › SPECIFIC TAXES (§§ 39-20-101 — 39-37-301) › INCOME TAX (§§ 39-22-101 — 39-22-5508) › Article 22 - Income Tax (§§ 39-22-101 — 39-22-5508) › Part 3 - CORPORATIONS (§§ 39-22-300.1 — 39-22-347) › Subpart 1 - C CORPORATIONS (§§ 39-22-300.1 — 39-22-310) › Section 39-22-307 - [Repealed]

Repealed by 2023 Ch. 35, § 3, eff. 8/7/2023.
Amended by 2022 Ch. 2, § 131, eff. 2/25/2022.
L. 80: Entire section added, p. 723, § 17, effective May 1. L. 94: (2)(a) amended, p. 1646, § 82, effective May 31.
2023 Ch. 35, was passed without a safety clause. See Colo. Const. art. V, § 1(3).
2023 Colorado Revised Statutes › Title 39 - TAXATION (§§ 39-1-101 — 39-37-301) › SPECIFIC TAXES (§§ 39-20-101 — 39-37-301) › INCOME TAX (§§ 39-22-101 — 39-22-5508) › Article 22 - Income Tax (§§ 39-22-101 — 39-22-5508) › Part 3 - CORPORATIONS (§§ 39-22-300.1 — 39-22-347) › Subpart 1 - C CORPORATIONS (§§ 39-22-300.1 — 39-22-310) › Section 39-22-308 - Credit allowed for purchase of Colorado coal

(1)
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.
(2)
(a)
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.
(b)
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.
L. 89: Entire section added, p. 1507, § 1, effective April 12. L. 91: (1) amended, p. 1983, § 1, effective April 1.
2023 Colorado Revised Statutes › Title 39 - TAXATION (§§ 39-1-101 — 39-37-301) › SPECIFIC TAXES (§§ 39-20-101 — 39-37-301) › INCOME TAX (§§ 39-22-101 — 39-22-5508) › Article 22 - Income Tax (§§ 39-22-101 — 39-22-5508) › Part 3 - CORPORATIONS (§§ 39-22-300.1 — 39-22-347) › Subpart 1 - C CORPORATIONS (§§ 39-22-300.1 — 39-22-310) › Section 39-22-309 - [Repealed]

L. 89: Entire section added, p. 1182, § 4, effective July 1. L. 92: (1) amended, p. 2273, § 11, effective April 16. L. 2004: Entire section repealed, p. 211, § 35, effective August 4.
2023 Colorado Revised Statutes › Title 39 - TAXATION (§§ 39-1-101 — 39-37-301) › SPECIFIC TAXES (§§ 39-20-101 — 39-37-301) › INCOME TAX (§§ 39-22-101 — 39-22-5508) › Article 22 - Income Tax (§§ 39-22-101 — 39-22-5508) › Part 3 - CORPORATIONS (§§ 39-22-300.1 — 39-22-347) › Subpart 1 - C CORPORATIONS (§§ 39-22-300.1 — 39-22-310) › Section 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.
L. 89: Entire section added, p. 1500, § 3, effective 7/1/1990.
2023 Colorado Revised Statutes › Title 39 - TAXATION (§§ 39-1-101 — 39-37-301) › SPECIFIC TAXES (§§ 39-20-101 — 39-37-301) › INCOME TAX (§§ 39-22-101 — 39-22-5508) › Article 22 - Income Tax (§§ 39-22-101 — 39-22-5508) › Part 3 - CORPORATIONS (§§ 39-22-300.1 — 39-22-347) › Subpart 2 - S CORPORATIONS (§§ 39-22-320 — 39-22-330) › Section 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".
L. 92: Entire section added, p. 2260, § 1, effective April 16.