{"data":{"id":"us-co/c.r.s.-39-22-329","jurisdiction":"us-co","citation":"C.R.S. § 39-22-329","heading":"Tax credits.","body":"(1) For the purposes of section 39-22-108, each resident shareholder shall be considered to have paid a tax imposed on each resident shareholder in an amount equal to each resident shareholder's pro rata share of any net income tax paid by the S corporation to a state which does not measure the income of shareholders of an S corporation by reference to the income of the S corporation. For the purposes of this section, the term \"net income tax\" means any tax imposed on, or measured by, an S corporation's net income.\n\n(2) Each shareholder of an S corporation shall be allowed a credit against the tax imposed by section 39-22-104 in an amount equal to each shareholder's pro rata share of the tax credits described in sections 39-30-103.5 to 39-30-105.6 earned by the S corporation.","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":"9edcc78c7d16b02fdcf151bbb48802849709c540c19d68844f346fc11728d2b0","source_id":"us-co","stale":false,"prev":"us-co/c.r.s.-39-22-328","next":"us-co/c.r.s.-39-22-330"},"notice":"GroundRules: Original legal text. Not legal advice."}