Colorado § 39-22-403 Income of a nonresident estate or trust subject to income tax

Colorado Statutes

§ 39-22-403 — Income of a nonresident estate or trust subject to income tax

Colorado § 39-22-403

Title 39Taxation

Art.Income Tax

This text of Colorado § 39-22-403 (Income of a nonresident estate or trust subject to income tax) 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. § 39-22-403 (2026).

Text

(1)In the case of a nonresident estate or trust, the tax imposed by section 39-22-104 shall be apportioned in the ratio of the Colorado-source federal taxable income to the total federal taxable income, both modified as provided in section 39-22-104.

(2)Colorado-source federal taxable income of an estate or trust means:

(a)Its share of the Colorado-source federal distributable net income as determined in section 39-22-404; and

(b)Its share of any Colorado-source income, gain, loss, and deduction recognized for federal income tax purposes but excluded from the definition of federal distributable net income of the estate or trust as determined under section 39-22-109, as in the case of a nonresident individual, and modified as provided in section 39-22-104.

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(1) In the case of a nonresident estate or trust, the tax imposed by section 39-22-104 shall be apportioned in the ratio of the Colorado-source federal taxable income
to the total federal taxable income, both modified as provided in section 39-22-104.

(2) Colorado-source federal taxable income of an estate or trust means:

(a) Its share of the Colorado-source federal distributable net income as
determined in section 39-22-404; and

(b) Its share of any Colorado-source income, gain, loss, and deduction
recognized for federal income tax purposes but excluded from the definition of
federal distributable net income of the estate or trust as determined under section
39-22-109, as in the case of a nonresident individual, and modified as provided in
section 39-22-104.

Legislative History

Source: L. 64: R&RE, p. 773, � 1. C.R.S. 1963: � 138-1-47. L. 87: IP(1), (1)(b), and (1)(c) amended and (1)(d) repealed, pp. 1444, 1457, �� 14, 31, effective June 22. L. 88: Entire section R&RE, p. 1314, � 8, effective May 29.