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Colorado Department of Revenue
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2021 Corporate Statistics of Income
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Table 4. Corporations that Conduct Business Within and Outside of Colorado: Income and Tax Data by Size of Colorado Taxable Income
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This table shows aggregate income and tax data by Colorado taxable income group for C corporations that conduct business within and outside of Colorado. This table is a subset of the data presented in Table 1.
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I. Number of Returns and Aggregate Dollar Amounts
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Size of Colorado Taxable Income ¹ Number
of Returns 		Federal
Taxable Income ²		 Colorado
Taxable Income ¹ 		Colorado
Gross Tax ³ 		Colorado
Net Tax
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Negative Income 10,873 ($292,285,631,369)($9,152,953,048)$0 $0
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$0 under $10K 12,605 $157,159,267,410 $10,846,919 $484,268 $483,020
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$10K under $20K 1,001 $4,158,763,228 $14,592,676 $650,080 $649,036
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$20K under $30K 656 $4,608,778,964 $16,143,030 $716,322 $711,367
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$30K under $40K 473 $3,832,029,258 $16,539,850 $739,716 $739,709
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$40K under $50K 347 $1,917,984,851 $15,492,060 $691,823 $689,566
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$50K under $60K 291 $2,962,567,085 $15,981,456 $705,785 $697,460
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$60K under $75K 391 $3,121,623,432 $26,317,596 $1,165,180 $1,162,901
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$75K under $100K 465 $9,296,130,877 $40,614,424 $1,812,621 $1,812,621
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$100K under $200K 1,063 $18,974,851,545 $151,214,295 $6,771,939 $6,725,132
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$200K under $500K 1,214 $37,807,106,034 $385,333,701 $17,338,525 $17,185,590
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$500K under $1M 736 $40,881,155,366 $529,443,747 $23,819,344 $23,617,997
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$1M and over 1,676 $1,387,012,242,675 $19,635,151,850 $883,542,236 $842,083,797
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Total 31,791 $1,379,446,869,356 $11,704,718,556 $938,437,839 $896,558,196
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II. Number of Returns and Average Dollar Amounts per Return
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Size of Colorado Taxable Income ¹ Number
of Returns 		Federal
Taxable Income ²		 Colorado
Taxable Income ¹ 		Colorado
Gross Tax ³ 		Colorado
Net Tax
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Negative Income 10,873 ($26,881,783)($841,806)$0 $0
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$0 under $10K 12,605 $12,468,010 $861 $38 $38
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$10K under $20K 1,001 $4,154,609 $14,578 $649 $648
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$20K under $30K 656 $7,025,578 $24,608 $1,092 $1,084
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$30K under $40K 473 $8,101,542 $34,968 $1,564 $1,564
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$40K under $50K 347 $5,527,334 $44,646 $1,994 $1,987
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$50K under $60K 291 $10,180,643 $54,919 $2,425 $2,397
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$60K under $75K 391 $7,983,692 $67,308 $2,980 $2,974
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$75K under $100K 465 $19,991,679 $87,343 $3,898 $3,898
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$100K under $200K 1,063 $17,850,284 $142,252 $6,371 $6,327
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$200K under $500K 1,214 $31,142,591 $317,408 $14,282 $14,156
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$500K under $1M 736 $55,545,048 $719,353 $32,363 $32,090
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$1M and over 1,676 $827,572,937 $11,715,484 $527,173 $502,437
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Average 31,791 $43,391,113 $368,177 $29,519 $28,202
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Source: Colorado C corporation income tax returns
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¹ The Colorado Taxable Income (CTI) reported on Colorado returns can be positive, zero, or negative. The CTI is negative when the taxpayer reports losses and/or subtractions greater than their income and additions. Negative values do not reduce their tax liability to be less than $0.
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² Federal taxable income (FTI) includes income from outside of Colorado because this table includes corporations that conduct business within and outside of Colorado. The FTI reported on Colorado returns can be positive, zero, or negative. The FTI is negative when the taxpayer reports losses and/or deductions greater than their income. When the FTI data is aggregated by size of Colorado Taxable Income, the values include positive and negative numbers.
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³ Colorado Gross Tax is determined based on Colorado Taxable Income greater than zero. To calculate positive Colorado Taxable Income, divide the Colorado Gross Tax by the income tax rate.
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Prepared by: Office of Research and Analysis, Colorado Department of Revenue | dor_ora@state.co.us
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Data extracted: August 24, 2023
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Publish date: July 2024
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