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Colo. Rev. Stat. § 39-22-342 Definitions
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As used in this subpart 3, unless the context otherwise requires: (1) "Electing pass-through entity" means, with respect to a taxable period, an S corporation or partnership that has made the election under section 39-22-343 with respect to the taxable period. (2) "Electing pass-…
Colo. Rev. Stat. § 39-22-343 Election
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(1) (a) Notwithstanding sections 39-22-201, 39-22-302, and 39-22-322, and except as provided in subsection (2) of this section, for income tax years commencing on or after January 1, 2018, an S corporation or partnership may annually elect to be subject to tax at the entity level…
Colo. Rev. Stat. § 39-22-344 Imposition of tax
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(1) With respect to any taxable period for which it has made the election under section 39-22-343, an electing pass-through entity is subject to a tax in an amount equal to the tax rate set forth in section 39-22-301 for the applicable income tax year multiplied by the sum of the…
Colo. Rev. Stat. § 39-22-345 Owner exclusion
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The basis in the hands of an electing pass-through entity owner in the interest in the partnership or the stock or indebtedness in the S corporation is determined as if the election under section 39-22-343 had not been made. Source: L. 2021: Entire subpart added, (HB 21-1327), ch…