{"data":{"id":"us-co/c.r.s.-39-22-323","jurisdiction":"us-co","citation":"C.R.S. § 39-22-323","heading":"Modification and characterization of income.","body":"(1) An S corporation's income attributable to the state shall, for the purposes of section 39-22-322, be subject to the modifications provided in section 39-22-304.\n\n(2) Each resident shareholder's pro rata share of the S corporation's income not attributable to the state shall, for the purposes of section 39-22-322 (2), be subject to the modifications provided in section 39-22-104.\n\n(3) The character of any S corporation item taken into account by a shareholder of an S corporation pursuant to section 39-22-322 (2) shall be determined as if such item were received or incurred by the S corporation and not its shareholder.","path":["Title 39 - Taxation","Article 22 - Income Tax","Part 3 - CORPORATIONS","Subpart 2 - S CORPORATIONS"],"source_url":"https://olls.info/crs/crs2026-title-39.htm","current_through":"Colorado Revised Statutes 2026","vintage":"","retrieved_at":"2026-09-14T18:37:45Z","sha256":"fe60a5acf6a09f15bbe23b84824e8ac6f0a6bd8d0a61700a1c6db7a1516f82c7","source_id":"us-co","stale":false,"prev":"us-co/c.r.s.-39-22-322","next":"us-co/c.r.s.-39-22-324"},"notice":"GroundRules: Original legal text. Not legal advice."}