Colorado § 39-22-323 Modification and characterization of income

Colorado Statutes

§ 39-22-323 — Modification and characterization of income

Colorado § 39-22-323

Title 39Taxation

Art.Income Tax

This text of Colorado § 39-22-323 (Modification and characterization of income) 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. § 39-22-323 (2026).

Text

(1)An S corporation's income attributable to the state shall, for the purposes of section 39-22-322, be subject to the modifications provided in section 39-22-304.

(2)Each resident shareholder's pro rata share of the S corporation's income not attributable to the state shall, for the purposes of section 39-22-322 (2), be subject to the modifications provided in section 39-22-104.

(3)The character of any S corporation item taken into account by a shareholder of an S corporation pursuant to section 39-22-322 (2) shall be determined as if such item were received or incurred by the S corporation and not its shareholder.

Free access — add to your briefcase to read the full text and ask questions with AI

(1) An S
corporation's income attributable to the state shall, for the purposes of section 39-22-322, be subject to the modifications provided in section 39-22-304.

(2) Each resident shareholder's pro rata share of the S corporation's income
not attributable to the state shall, for the purposes of section 39-22-322 (2), be
subject to the modifications provided in section 39-22-104.

(3) The character of any S corporation item taken into account by a
shareholder of an S corporation pursuant to section 39-22-322 (2) shall be
determined as if such item were received or incurred by the S corporation and not
its shareholder.