Colorado Revised Statutes Title 39 — Taxation
C.R.S. § 39-22-403
Income of a nonresident estate or trust subject to income tax
# (1)
In the case of a nonresident estate or trust, the tax imposed by section 39-22-104 shall be apportioned in the ratio of the Colorado-source federal taxable income to the total federal taxable income, both modified as provided in section 39-22-104.
# (2)
Colorado-source federal taxable income of an estate or trust means: (a) Its share of the Colorado-source federal distributable net income as determined in section 39-22-404; and (b) Its share of any Colorado-source income, gain, loss, and deduction recognized for federal income tax purposes but excluded from the definition of federal distributable net income of the estate or trust as determined under section 39-22-109, as in the case of a nonresident individual, and modified as provided in section 39-22-104. Source: L. 64: R&RE, p. 773, § 1. C.R.S. 1963: § 138-1-47. L. 87: IP(1), (1)(b), and (1)(c) amended and (1)(d) repealed, pp. 1444, 1457, §§ 14, 31, effective June 22. L. 88: Entire section R&RE, p. 1314, § 8, effective May 29.
Amendment history
L. 64: R&RE, p. 773, § 1. C.R.S. 1963: § 138-1-47. L. 87: IP(1), (1)(b), and (1)(c) amended and (1)(d) repealed, pp. 1444, 1457, §§ 14, 31, effective June 22. L. 88: Entire section R&RE, p. 1314, § 8, effective May 29.
Source: view the official text
In this article (40 sections)
- 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 -…
- 39-22-520 · Credit against tax - investment in school-to-career program…
- 39-22-521 · Credits against tax - employer expenses - public assistance…