A partnership as such shall not be subject to tax under this article. Persons carrying on business as partners shall be liable for the tax and the alternative minimum tax under this article only in their separate or individual capacities. Source: L. 64: R&RE, p. 766, § 1. C.R.S. 1963: § 138-1-25. L. 67: p. […]
In determining the federal taxable income of a resident partner for Colorado income tax purposes, any modification described in section 39-22-104 which relates to an item of partnership income, gain, loss, or deduction shall be made in accordance with the partner’s distributive share, for federal income tax purposes, of the item to which the modification […]
In determining Colorado nonresident federal taxable income of a nonresident partner of any partnership, there shall be included only the portion of such partner’s distributive share of items of partnership income, gain, loss, deduction, or credit derived from sources within Colorado determined in accordance with the provisions of section 39-22-109 or, at the partnership’s election, […]
The provisions of section 39-22-111 shall apply to partnerships to the extent not inconsistent with sections 39-22-201 to 39-22-203. Source: L. 64: R&RE, p. 768, § 1. C.R.S. 1963: § 138-1-28. L. 87: Entire section amended, p. 1438, § 6, effective June 22.
If a partnership qualifies as an export taxpayer, its partners may exclude from gross income for Colorado income tax purposes such partners’ distributive share of any such partnership income or gain which constitutes foreign source income for federal income tax purposes. For the purposes of this section, an “export taxpayer” means any partnership which is […]
