§ 39-22-103 — Definitions - construction of terms

Colorado § 39-22-103

• Jurisdiction: Colorado
• Title 39: Taxation
• Art.: Income Tax

Text

As used in this article,
unless the context otherwise requires:

(1) Assessment means the filing of the return as to the tax, penalty, and
interest shown to be due thereon and, as to any other tax imposed under this
article, or any deficiency in tax, or any penalty or interest, means the mailing or
issuance of a notice and demand for payment.

(2) Basic date means July 1, 1937.

(2.5) C corporation means any organization taxed as a corporation for
federal income tax purposes.

(3) Domestic corporation means a corporation organized under the laws of
this state.

(4) Executive director means the executive director of the department of
revenue.

(5) Foreign corporation means a corporation other than a domestic
corporation.

(5.3) Internal revenue code means the provisions of the federal Internal
Revenue Code of 1986, as amended, and other provisions of the laws of the United
States relating to federal income taxes, as the same may become effective at any
time or from time to time, for the taxable year.

(5.5) (Deleted by amendment, L. 95, p. 816, � 40, effective May 24, 1995.)

(5.6) Partnership means any group or organization that is a partnership, as
defined by section 761 (a) of the internal revenue code, and is required to file a
return under section 6031 (a) of the internal revenue code.

(5.8) Qualified higher deductible health plan has the same meaning as that
set forth in section 39-22-504.6 (3.5).

(6) Resident beneficiary means a beneficiary of an estate or trust, which
beneficiary is a resident individual, a domestic corporation, a resident estate, a
resident trust, or a partnership or a limited liability company organized under the
laws of this state. Nonresident beneficiary means a beneficiary other than a
resident beneficiary.

(7) Resident estate means the estate of a deceased person which is
administered in this state in a proceeding other than an ancillary proceeding.
Nonresident estate means an estate other than a resident estate.

(8) (a) Resident individual means a natural person who is domiciled in this
state and a natural person who maintains a permanent place of abode within this
state and who spends in the aggregate more than six months of the taxable year
within this state.

(b) (I) Resident individual does not include, for income tax years
commencing on or after January 1, 2001, any individual domiciled in this state who:

(A) Is absent from the state for a period of at least three hundred five days of
the tax year and is stationed outside of the United States of America for active
military duty; and

(B) Elects not to file a Colorado individual income tax return as a resident
individual.

(II) Resident individual does not include the spouse of an individual
described in subparagraph (I) of this paragraph (b) who accompanies such individual
for the period of such individual's absence and who elects not to file a tax return as
a resident individual.

(c) A nonresident individual means an individual other than a resident
individual and an individual described in paragraph (b) of this subsection (8) who
elects treatment as a nonresident individual.

(8.5) (Deleted by amendment, L. 95, p. 816, � 40, effective May 24, 1995.)

(9) Resident partner means a partner who is a resident individual, a
domestic corporation, a resident estate, a resident trust, or a partnership or a
limited liability company organized under the laws of this state. Nonresident
partner means a partner other than a resident partner.

(10) Resident trust means a trust which is administered in this state.
Nonresident trust means a trust other than a resident trust.

(10.5) S corporation means a corporation for which a valid election is in
effect pursuant to section 1362 (a) of the internal revenue code.

(10.8) Withholding certificate means a document, which may be in paper or
electronic form, utilized by an employee to instruct his or her employer to withhold
taxes at a specific rate.

(11) Any term used in this article, except as otherwise expressly provided or
clearly appearing from the context, shall have the same meaning as when used in a
comparable context in the internal revenue code, as amended, in effect for the
taxable period. Due consideration shall be given in the interpretation of this article
to applicable sections of the internal revenue code in effect from time to time and
to federal rulings and regulations interpreting such sections if such statute, rulings,
and regulations do not conflict with the provisions of this article.

Legislative History

Source: L. 87: Entire part R&RE, p. 1426, � 2, effective June 22. L. 90: (5.5) and (8.5) added and (6) and (9) amended, p. 453, � 32, effective April 18. L. 92: (2.5), (5.3), and (10.5) added and (11) amended, p. 2265, � 4, effective April 16. L. 94: (5.8) added, p. 2839, � 1, effective January 1, 1995. L. 95: (2.5), (5.5), and (8.5) amended, p. 816, � 40, effective May 24. L. 96: (5.6) added, p. 335, � 1, effective April 16. L. 2000: (8) amended, p. 1298, � 1, effective January 1, 2001. L. 2002: (10.8) added, p. 530, � 1, effective August 7.