Colorado Revised Statutes Title 39 — Taxation
C.R.S. § 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. 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. 39-22-113. Tax credit or refund for persons with disabilities who are employed - amount - applicability. (Repealed) Source: L. 87: Entire part R&RE, p. 1433, § 2, effective June 22.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 L. 2004: Entire section repealed, p. 207, § 32, effective August 4. Editor's note: Before its repeal, this section was similar to former § 39-22-126 as it existed prior to 1987. 39-22-114. Residential energy credit. (Repealed) Source: L. 87: Entire part R&RE, p. 1434, § 2, effective June 22.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 L. 2004: Entire section repealed, p. 208, § 33, effective August 4. Editor's note: Before its repeal, this section was similar to former § 39-22-127 as it existed prior to 1987.
Amendment history
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.
Source: view the official text
In this article (40 sections)
- 39-22-101 · Short title
- 39-22-102 · Legislative declaration
- 39-22-103 · Definitions - construction of terms
- 39-22-104 · Income tax imposed on individuals, estates, and trusts -…
- 39-22-104.5 · Pretax payments - catastrophic health insurance - repeal
- 39-22-104.6 · Pretax payments - medical savings accounts - repeal
- 39-22-105 · Alternative minimum tax
- 39-22-106 · Colorado personal exemptions of a resident individual
- 39-22-107 · Income tax filing status
- 39-22-107.5 · Income tax filing status - innocent spouse relief
- 39-22-108 · Credit for tax paid other states
- 39-22-108.5 · Dual resident trusts - income tax calculation
- 39-22-109 · Income of a nonresident individual for purposes of Colorado…
- 39-22-110 · Apportionment of tax in the case of a part-year resident
- 39-22-110.5 · Reacquisition of residency during active duty military…
- 39-22-111 · Accounting periods and methods
- 39-22-112 · Persons and organizations exempt from tax under this article
- 39-22-114.5 · Tax credit for investment in technologies for recycling…
- 39-22-116 · Tax tables for individuals
- 39-22-119 · Expenses related to child and dependent care - refundable…
- 39-22-119.5 · Child care expenses tax credit - legislative declaration…
- 39-22-121 · Credit for child care facilities - legislative declaration…
- 39-22-122 · Long-term care insurance credit
- 39-22-123 · Earned income tax credit - refund of state excess revenues…
- 39-22-123.5 · Earned income tax credit - legislative declaration -…
- 39-22-123.7 · Earned income tax credit - pilot program - pre-populated…
- 39-22-129 · Child tax credit - legislative declaration - definitions -…
- 39-22-130 · Family affordability tax credit - tax preference…
- 39-22-201 · Partners, not partnership, subject to tax
- 39-22-202 · Resident partners - definition
- 39-22-203 · Nonresident partners
- 39-22-204 · Accounting periods and methods
- 39-22-206 · Foreign source income of export taxpayers
- 39-22-300.1 · Short title - citation
- 39-22-301 · Corporate tax imposed - repeal
- 39-22-302 · S corporations
- 39-22-303 · Dividends in a combined report - foreign source income -…
- 39-22-303.1 · Interstate banking or branching - nondiscriminatory tax…
- 39-22-303.5 · Single-factor apportionment of business income -…
- 39-22-303.6 · Market-based apportionment of the income of a taxpayer…