Colorado § 39-22-322 Taxation of an S corporation and its shareholders

Colorado Statutes

§ 39-22-322 — Taxation of an S corporation and its shareholders

Colorado § 39-22-322

Title 39Taxation

Art.Income Tax

This text of Colorado § 39-22-322 (Taxation of an S corporation and its shareholders) is published on Counsel Stack Legal Research, covering Colorado primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.

Bluebook

Colo. Rev. Stat. § 39-22-322 (2026).

Text

(1)An S corporation shall not be subject to the tax imposed by this article.

(2)For the purposes of section 39-22-104, each shareholder's pro rata share of the S corporation's income attributable to the state and each resident shareholder's pro rata share of the S corporation's income not attributable to the state, all as modified pursuant to section 39-22-323, shall be taken into account by the shareholder in the manner provided in section 1366 of the internal revenue code.

(3)For the purposes of determining the amounts taken into account by the shareholders of an S corporation pursuant to subsection (2) of this section, the amount of any tax imposed on the S corporation under the internal revenue code shall proportionately reduce the S corporation's income attributable to t

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(1) An S
corporation shall not be subject to the tax imposed by this article.

(2) For the purposes of section 39-22-104, each shareholder's pro rata share
of the S corporation's income attributable to the state and each resident
shareholder's pro rata share of the S corporation's income not attributable to the
state, all as modified pursuant to section 39-22-323, shall be taken into account by
the shareholder in the manner provided in section 1366 of the internal revenue
code.

(3) For the purposes of determining the amounts taken into account by the
shareholders of an S corporation pursuant to subsection (2) of this section, the
amount of any tax imposed on the S corporation under the internal revenue code
shall proportionately reduce the S corporation's income attributable to the state
and income not attributable to the state.