For the purposes of this subpart 2, if a shareholder of an S corporation is both a resident and a nonresident of this state during any taxable period, such shareholder's pro rata share of the S corporation's income attributable to the state and income not attributable to the state for the taxable period shall be further prorated between such shareholder's periods of residence and nonresidence during the taxable period, in accordance with the number of days in each period.
Source: L. 92: Entire section added, p. 2262, § 1, effective April 16.
Structure Colorado Code
§ 39-22-300.1. Short Title - Citation
§ 39-22-301. Corporate Tax Imposed
§ 39-22-303.1. Interstate Banking or Branching - Nondiscriminatory Tax Treatment
§ 39-22-303.7. Sourcing of Sales of Mutual Fund Service Corporations - 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
§ 39-22-322. 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
§ 39-22-330. Uniformity of Application and Construction
§ 39-22-340. Short Title - Citation
§ 39-22-341. Legislative Declaration