An S corporation shall not be subject to taxation under this article.
Source: L. 64: R&RE, p. 768, § 1. C.R.S. 1963: § 138-1-36. L. 92: Entire section amended, p. 2265, § 3, effective April 16.
ANNOTATION
Law reviews. For article, "S Corporations in Colorado: Recent Cases and Legislation", see 14 Colo. Law. 1412 (1985).
Subchapter S shareholders' income not taxable. Income which is attributed to the shareholders of a subchapter S corporation is not "dividends" subject to the surtax under section 39-22-106 (1). Cohen v. Dept. of Rev., 197 Colo. 385, 593 P.2d 957 (1979) (decided under former 39-22-106 prior to its deletion).