Colorado § 39-22-112 - Persons and organizations exempt from tax under this article.
Full text of Colorado Colorado Revised Statutes § 39-22-112 — Persons and organizations exempt from tax under this article., with citation guidance and answers to common questions.
§ 39-22-112. Persons and organizations exempt from tax under this article.
(1) A person or organization exempt from federal income taxation under the provisions of the internal revenue code shall also be exempt from the tax imposed by this article 22 in each year in which such person or organization satisfies the requirements of the internal revenue code for exemption from federal income taxation; except that insurance companies subject to the tax imposed on gross premiums by section 10-3-209 shall also be exempt from the tax imposed by this article 22. Disqualified insurance companies, as defined in section 10-1-102 (6.5), shall not be exempt from the tax imposed by this article 22. If the exemption applicable to any person or organization under the provisions of the internal revenue code is limited or qualified in any manner, the exemption from taxes imposed by this article 22 shall be limited or qualified in a similar manner.
(2) Notwithstanding the provisions of subsection (1) of this section to the contrary, the unrelated business taxable income, as computed under the provisions of the internal revenue code, of any person or organization otherwise exempt from the tax imposed by this article and subject to the tax imposed on unrelated business income by the internal revenue code shall be subject to the tax which would have been imposed by this article but for the provisions of subsection (1) of this section.
Source: L. 87: Entire part R&RE, p. 1433, § 2, effective June 22. L. 2021: (1) amended, (HB 21-1311), ch. 298, p. 1785, § 10, effective June 23.
Editor's note: This section is similar to former § 39-22-111 as it existed prior to 1987.
Cross references: For the legislative declaration in HB 21-12311, see section 1 of chapter 298, Session Laws of Colorado 2021.
Source: official Colorado text · Last verified 2026-08-27
Frequently Asked Questions About Colorado § 39-22-112
What does Colorado Revised Statutes § 39-22-112 cover?
Section 39-22-112 ("Persons and organizations exempt from tax under this article.") is part of the Colorado Revised Statutes, the codified statutory law of Colorado. It sets out the legal rule or procedure described in the text above. Statutes are amended regularly, so always verify against the official source.
How do I cite Colorado § 39-22-112?
A common citation format is "Colorado Revised Statutes § 39-22-112" (Colorado). Legal writing may require the code abbreviation, section number, and year or edition. Match the style required by your court, professor, or publisher.
Is this the official text of Colorado law?
No. This page is for research and education and may not include the most recent amendments. For official current law, check the Colorado official source linked on this page or consult a licensed Colorado attorney.
How does Colorado § 39-22-112 apply to my situation?
Statutes are interpreted in context, and application depends on your specific facts. Only a licensed attorney in Colorado can advise on how this section applies to you. Contact your state or local bar association for a referral.
Sources & Verification
Not legal advice. Verify against the official source and consult a licensed attorney in Colorado.