Colorado Code
Part 3 - Corporations
§ 39-22-304. Net Income of Corporation - Legislative Declaration - Definitions - Repeal















































































The expenditures covered by this receipt are nondeductible for state income tax purposes.
Source: L. 64: R&RE, p. 771, § 1. C.R.S. 1963: § 138-1-38. L. 67: p. 854, §§ 1, 2. L. 77: (3) amended, p. 1795, § 1, effective May 26; (3) R&RE, p. 1784, § 2, effective June 19. L. 78: (3) R&RE, p. 490, § 2, effective March 24. L. 79: (3)(a) amended, p. 1453, § 2, effective March 26. L. 80: (3)(a) amended, p. 727, § 22, effective January 1, 1981. L. 87: Entire section R&RE, p. 1442, § 9, effective June 22. L. 92: (1) amended, p. 2272, § 9, effective April 16; (2)(c) and (2)(d) amended and (2)(e) added, p. 2279, § 3, effective June 1. L. 94: (3)(k) added, p. 2840, § 5, effective January 1, 1995. L. 95: (3)(l) added, p. 1199, § 1, effective May 31. L. 97: (2)(e)(I) amended, p. 304, § 21, effective July 1. L. 99: (2)(f) added, p. 977, § 3, effective August 4. L. 2000: (2)(g) added, p. 1322, § 4, effective August 2. L. 2004: (2)(f) amended, p. 1209, § 91, effective August 4. Referred 2006: (2)(h) added, L. 2006, 1st Ex. Sess., p. 1, § 2, effective December 31. L. 2008: (2)(e)(I) amended, p. 1604, § 36, effective May 29. L. 2010: (2)(g) repealed, (SB 10-212), ch. 412, p. 2032, § 1, effective July 1; (2)(g) repealed, (HB 10-1256), ch. 133, p. 440, § 3, effective August 11. L. 2013: (3)(n) added, (SB 13-283), ch. 332, p. 1896, § 19, effective May 28; (3)(m) added, (HB 13-1042), ch. 327, p. 1820, § 2, effective August 7. L. 2016: (3)(o) added, (HB 16-1194), ch. 252, p. 1031, § 2, effective August 10. L. 2018: (2)(e)(I) amended, (HB 18-1025), ch. 152, p. 1082, § 21, effective October 1; (3)(m) and (3)(n) amended, (HB 18-1023), ch. 55, p. 591, § 24, effective October 1. L. 2019: (3)(m) amended and (3)(n) repealed, (SB 19-224), ch. 315, p. 2943, § 32, effective January 1, 2020. L. 2020: (2)(i) added, (HB 20-1420), ch. 277, p. 1359, § 3, effective July 11. L. 2021: (3)(p) added, (HB 21-1002), ch. 5, p. 32, § 3, effective January 21; (1) and (3)(j) amended and (2)(j) and (3)(q) added, (HB 21-1311), ch. 298, p. 1777, § 7, effective June 23; (3)(r) added, (HB 21-1327), ch. 300, p. 1804, § 3, effective June 23; (2)(e)(I) amended, (HB 21-1108), ch. 156, p. 898, § 47, effective September 7.



FOR: : 744,475
AGAINST: : 722,651
Cross references: (1) For the legislative declaration contained in the 2008 act amending subsection (2)(e)(I), see section 1 of chapter 341, Session Laws of Colorado 2008.
(2) For the short title ("Tax Fairness Act") in HB 20-1420, see section 1 of chapter 277, Session Laws of Colorado 2020.
(3) For the legislative declaration in HB 21-1108, see section 1 of chapter 156, Session Laws of Colorado 2021. For the legislative declaration in HB 21-1311, see section 1 of chapter 298, Session Laws of Colorado 2021.

Structure Colorado Code

Colorado Code

Title 39 - Taxation

Article 22 - Income Tax

Part 3 - Corporations

§ 39-22-300.1. Short Title - Citation

§ 39-22-301. Corporate Tax Imposed

§ 39-22-302. S Corporations

§ 39-22-303. Dividends in a Combined Report - Foreign Source Income - Affiliated Groups - Definitions

§ 39-22-303.1. Interstate Banking or Branching - Nondiscriminatory Tax Treatment

§ 39-22-303.5. Single-Factor Apportionment of Business Income - Allocation of Nonbusiness Income - Rules - Definitions

§ 39-22-303.6. Market-Based Apportionment of the Income of a Taxpayer Engaged in Business - Allocation of Nonapportionable Income - Rules - Definitions

§ 39-22-303.7. Sourcing of Sales of Mutual Fund Service Corporations - Definitions

§ 39-22-303.9. Apportionment of the Income of a Taxpayer With Enterprise Data Center Operations in the State - Definitions

§ 39-22-304. Net Income of Corporation - Legislative Declaration - Definitions - Repeal

§ 39-22-305. Consolidated Returns

§ 39-22-306. Accounting Periods and Methods

§ 39-22-307. Credit Allowed for Prior Payment of Impact Assistance

§ 39-22-308. Credit Allowed for Purchase of Colorado Coal

§ 39-22-310. Legislative Declaration - Statutory Interpretation and Construction

§ 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

§ 39-22-328. Returns

§ 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