Colorado Statutes
§ 39-22-206 — Foreign source income of export taxpayers
If a partnership
qualifies as an export taxpayer, its partners may exclude from gross income for
Colorado income tax purposes such partners' distributive share of any such
partnership income or gain which constitutes foreign source income for federal
income tax purposes. For the purposes of this section, an export taxpayer means
any partnership which is subject to the provisions of this article and which sells fifty
percent or more of its product or products which are produced in Colorado in states
other than Colorado or in foreign countries or, if the gross receipts of such
partnership are derived from the performance of services, such services are
performed in Colorado by a partner or employee of the partnership and fifty
percent or more of such services provided by the partner
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Legislative History
Source: L. 93: Entire section added, p. 1320, � 3, effective June 6. L. 95: Entire section amended, p. 818, � 45, effective May 24.
Nearby Sections
15
§ 39-1-101
Legislative declaration§ 39-1-101.5
Legislative declaration - taxpayer rights§ 39-1-102
Definitions§ 39-1-103.5
Restrictions on information§ 39-1-104
Valuation for assessment - definitions§ 39-1-104.5
Severed mineral interest - placement on tax roll§ 39-1-105
Assessment date§ 39-1-107
Tax liens§ 39-1-108
Payment of taxes - grantor and grantee§ 39-1-109
Taxes paid by mortgagee - effect§ 39-1-112
Taxes available - when§ 39-1-113
Abatement and refund of taxes