Colorado § 24-36-502 Definitions

Colorado Statutes

§ 24-36-502 — Definitions

Colorado·Title 24 Government·Art. Department of the Treasury

As used in this part 5, unless the context otherwise requires:

(1)C corporation has the same meaning as in section 39-22-103 (2.5).

(2)Department means the department of the treasury.

(3)Income tax liability means the liability imposed by section 39-22-301.

(4)Qualified taxpayer means a C corporation authorized to do business in Colorado that has or will have an income tax liability owing to the state. Qualified taxpayer also includes a C corporation that receives or assumes a tax credit transferred in accordance with section 26-36-503 (7)(e).

(5)Tax credit means the tax credit created in section 24-36-503.

(6)Tax credit sale proceeds or sale proceeds means the money or other liquid asset acceptable to the state treasurer that a qualified taxpayer pays to the department t

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As used in this part 5, unless the context otherwise
requires:

(1) C corporation has the same meaning as in section 39-22-103 (2.5).

(2) Department means the department of the treasury.

(3) Income tax liability means the liability imposed by section 39-22-301.

(4) Qualified taxpayer means a C corporation authorized to do business in
Colorado that has or will have an income tax liability owing to the state. Qualified
taxpayer also includes a C corporation that receives or assumes a tax credit
transferred in accordance with section 26-36-503 (7)(e).

(5) Tax credit means the tax credit created in section 24-36-503.

(6) Tax credit sale proceeds or sale proceeds means the money or other
liquid asset acceptable to the state treasurer that a qualified taxpayer pays to the
department that is deposited as specified in section 24-36-406.

Colorado § 24-36-502 (Definitions) — published by Counsel Stack Legal Research, free access to 12M+ legal documents.

Legislative History

Source: L. 2025, 1st Ex. Sess.: Entire part added, (HB 25B-1004), ch. 8, p. 32, � 2, effective August 28; (6) amended, (HB 25B-1006), ch. 10, p. 50, � 11, effective August 29.