Colorado Revised Statutes Title 39 — Taxation
C.R.S. § 39-22-401
Income of a resident estate or trust for purposes of Colorado income tax
(1) The income of a resident estate or trust subject to the tax imposed by this article shall be its federal taxable income as determined pursuant to section 63 of the internal revenue code with the following modifications:
# (a)
There shall be added or subtracted the modifications described in section 39-22-104 to the extent such items are excluded from federal distributable net income of the estate or trust.
# (b)
There shall be added or subtracted the share of the estate or trust in the Colorado fiduciary adjustment determined under section 39-22-402. Source: L. 64: R&RE, pp. 656, 771, §§ 14, 1. C.R.S. 1963: § 138-1-45. L. 78: (1)(a) amended, p. 485, § 8, effective May 5. L. 87: Entire section R&RE, p. 1444, § 12, effective June 22.
Amendment history
L. 64: R&RE, pp. 656, 771, §§ 14, 1. C.R.S. 1963: § 138-1-45. L. 78: (1)(a) amended, p. 485, § 8, effective May 5. L. 87: Entire section R&RE, p. 1444, § 12, effective June 22.
Source: view the official text
In this article (40 sections)
- 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…
- 39-22-404 · Share of a nonresident estate, trust, or beneficiary in…
- 39-22-407 · Accounting periods and methods
- 39-22-501 · Taxation of regulated investment companies
- 39-22-503 · Taxation of real estate investment trusts - definitions
- 39-22-504 · Net operating losses
- 39-22-504.5 · Short title
- 39-22-504.6 · Definitions
- 39-22-504.7 · Medical savings accounts - establishment - contributions…
- 39-22-507.5 · Credits against tax - investment in certain property -…
- 39-22-507.6 · Credits against corporate tax - investment in certain…
- 39-22-509 · Credit against tax - employer expenditures for alternative…
- 39-22-514 · Tax credit for qualified costs incurred in preservation of…
- 39-22-514.5 · Tax credit for qualified costs incurred in preservation…
- 39-22-516.7 · Tax credit for innovative motor vehicles - tax preference…
- 39-22-516.8 · Tax credit for innovative trucks - tax preference…
- 39-22-517 · Tax credit for child care center investments - repeal
- 39-22-518 · Tax modification for net capital gains - definitions -…