Colo. Rev. Stat. § 24-36-502
Definitions
Colorado · Colorado Revised Statutes Title 24 — Government - State · Status: effective
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- Colo. Rev. Stat. § 24-36-502, Definitions, Colorado, version 1 as recorded 2026-10-03, yourstate.us, https://yourstate.us/provision/2302646
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Full text
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.