Colorado Revised Statutes Title 39 — Taxation
C.R.S. § 39-22-321
Definitions
For the purposes of this subpart 2, unless the context otherwise requires:
# (1)
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.
# (2)
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.
# (3)
Post-termination transition period means that period defined in section 1377 (b)(1) of the internal revenue code.
# (4)
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 (a) or 1362 (e), as the case may be, of the internal revenue code.
# (5)
Taxable period means any taxable year or portion of a taxable year during which a corporation is an S corporation. 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.
Amendment history
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.
Source: view the official text
In this article (40 sections)
- 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…
- 39-22-303.7 · Sourcing of sales of mutual fund service corporations -…
- 39-22-303.9 · Apportionment of the income of a taxpayer with enterprise…
- 39-22-304 · Net income of corporation - legislative declaration -…
- 39-22-305 · Consolidated returns
- 39-22-306 · Accounting periods and methods
- 39-22-308 · Credit allowed for purchase of Colorado coal
- 39-22-310 · Legislative declaration - statutory interpretation and…
- 39-22-320 · Short title - citation
- 39-22-321 · Definitions
- 39-22-322 · Taxation of an S corporation and its shareholders
- 39-22-323 · Modification and characterization of income
- 39-22-324 · Basis and adjustments
- 39-22-325 · Carryforwards and carrybacks - loss limitation
- 39-22-326 · Part-year residence
- 39-22-327 · Distributions
- 39-22-329 · Tax credits
- 39-22-330 · Uniformity of application and construction
- 39-22-340 · Short title - citation
- 39-22-341 · Legislative declaration
- 39-22-342 · Definitions
- 39-22-343 · Election
- 39-22-344 · Imposition of tax
- 39-22-345 · Owner exclusion
- 39-22-346 · Credit for tax paid in other states
- 39-22-347 · Credit for electing pass-through entity owner - tax…
- 39-22-401 · Income of a resident estate or trust for purposes of…
- 39-22-402 · Share of a resident estate, trust, or beneficiary in…
- 39-22-403 · Income of a nonresident estate or trust subject to income…