Colorado § 39-22-321 - Definitions.
Full text of Colorado Colorado Revised Statutes § 39-22-321 — Definitions., with citation guidance and answers to common questions.
§ 39-22-321. Definitions.
For the purposes of this subpart 2, unless the context otherwise requires:
(1) "Income attributable to the state" means items of income, loss, deduction, or credit of the S corporation apportioned or allocated to this state pursuant to section 39-22-303.5, 39-22-303.6, or 39-22-303.7.
(2) "Income not attributable to the state" means all items of income, loss, deduction, or credit of the S corporation other than income attributable to the state.
(3) "Post-termination transition period" means that period defined in section 1377 (b)(1) of the internal revenue code.
(4) "Pro rata share" means the portion of any item attributable to an S corporation shareholder for a taxable period determined in the manner provided in, and subject to any election made under, section 1377 (a) or 1362 (e), as the case may be, of the internal revenue code.
(5) "Taxable period" means any taxable year or portion of a taxable year during which a corporation is an S corporation.
Source: L. 92: Entire section added, p. 2260, § 1, effective April 16. L. 2008: (1) amended, p. 966, § 9, effective January 1, 2009. L. 2019: (1) amended, (SB 19-241), ch. 390, p. 3477, § 54, effective August 2.
Frequently Asked Questions About Colorado § 39-22-321
What does Colorado Revised Statutes § 39-22-321 cover?
Section 39-22-321 ("Definitions.") 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 § 39-22-321?
A common citation format is "Colorado Revised Statutes § 39-22-321" (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 § 39-22-321 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.