C.R.S. § 24-36-502: Definitions.

As used in this part 5, unless the context otherwise requires:

(1) "C corporation" has the same meaning as in section 39-22-103 (2.5).

(2) "Department" means the department of the treasury.

(3) "Income tax liability" means the liability imposed by section 39-22-301.

(4) "Qualified taxpayer" means a C corporation authorized to do business in Colorado that has or will have an income tax liability owing to the state. "Qualified taxpayer" also includes a C corporation that receives or assumes a tax credit transferred in accordance with section 24-36-503 (7)(e).

(5) "Tax credit" means the tax credit created in section 24-36-503.

(6) "Tax credit sale proceeds" or "sale proceeds" means the money or other liquid asset acceptable to the state treasurer that a qualified taxpayer pays to the department that is deposited as specified in section 24-36-406.