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Colorado Department of Revenue
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2020 Corporate Statistics of Income
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Table 11. Corporations that Conduct Business Only in Colorado: Colorado Additions and Subtractions by Size of Colorado Taxable Income
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This table summarizes the types of Colorado additions and subtractions claimed by C corporations that conduct business only in Colorado. Subtractions are presented as negative values to distinguish them from the additions.
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I. Number of Returns
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Size of Colorado Taxable IncomeAdditionsSubtractionsTotal Modifications ²
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Federal Net Operating Loss AddbackColorado Income Tax AddbackBusiness Interest Expense Deduction AddbackOther AdditionsU.S. Government Interest SubtractionForeign Source Income ExclusionColorado Capital Gain SubtractionColorado Marijuana Business SubtractionOther SubtractionsColorado Corporate Net Operating Loss Deduction ¹
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Negative Income855796011593604815501,028
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$ 0 to $ 9,9992,8321,12250150466NR10942,7434,161
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$ 10,000 to $ 19,9992343144148NRNRNR16165524
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$ 20,000 to $ 29,999116168NR7600NRNR78270
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$ 30,000 to $ 39,99991114063004769200
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$ 40,000 to $ 49,9995590NR50NR00936145
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$ 50,000 to $ 59,9993278NRNR0003727109
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$ 60,000 to $ 74,9994780NRNR000NRNR38124
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$ 75,000 to $ 99,999531355730071048179
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$ 100,000 to $ 199,99910528951150NR152589376
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$ 200,000 to $ 499,99970254813110NR191675330
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$ 500,000 to $ 999,99936130NR7500251037175
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$ 1,000,000 and over42166823190NR271143213
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Total3,7983,5191473621991561633673,4487,834
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II. Additions and Subtractions
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Size of Colorado Taxable IncomeAdditionsSubtractionsTotal Modifications ³
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Federal Net Operating Loss AddbackColorado Income Tax AddbackBusiness Interest Expense Deduction AddbackOther AdditionsU.S. Government Interest SubtractionForeign Source Income ExclusionColorado Capital Gain SubtractionColorado Marijuana Business SubtractionOther SubtractionsColorado Corporate Net Operating Loss Deduction ¹
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Negative Income$35,971,105 $1,977,150 $25,048,922 $65,103,536 ($2,154,411)($6,039,391)$0 ($22,605,808)($31,359,380)$0 $65,941,723
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$ 0 to $ 9,999$151,670,744 $595,616 $3,432,178 $4,875,765 ($921,047)NRNR($5,367,069)($67,500,435)($169,711,962)($85,819,063)
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$ 10,000 to $ 19,999$9,474,445 $362,039 NR$107,510 ($2,276)NRNRNR($431,059)($7,743,276)($168,796)
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$ 20,000 to $ 29,999$5,412,306 $338,394 NRNR($6,418)$0 $0 NRNR($4,385,248)$6,211,133
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$ 30,000 to $ 39,999$5,693,010 $233,726 $0 NRNR$0 $0 ($1,067,102)NR($5,232,344)($3,206,236)
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$ 40,000 to $ 49,999$3,722,159 $213,079 NR$195,683 $0 NR$0 $0 ($521,932)($3,269,098)$368,678
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$ 50,000 to $ 59,999$3,500,928 $390,233 NRNR$0 $0 $0 ($702,325)NR($3,519,373)($718,376)
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$ 60,000 to $ 74,999$5,479,724 $309,940 NRNR$0 $0 $0 NRNR($4,921,458)($793,929)
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$ 75,000 to $ 99,999$6,743,087 $704,337 $173,106 $724,041 NR$0 $0 ($2,340,736)NR($6,500,595)($1,978,555)
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$ 100,000 to $ 199,999$23,255,296 $2,664,514 NR$531,562 NR$0 NR($11,591,116)($2,614,698)($22,176,604)$31,659,936
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$ 200,000 to $ 499,999$14,644,076 $3,670,065 $1,277,854 $4,468,107 ($308,530)$0 NR($15,918,469)NR($19,391,665)($39,978,916)
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$ 500,000 to $ 999,999$13,122,119 $4,081,190 NR$439,681 ($335,054)$0 $0 ($17,824,330)NR($15,895,479)($16,497,337)
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$ 1,000,000 and over$90,678,476 $25,250,695 $13,211,500 $15,090,478 NR$0 NR($53,673,327)($3,033,886)($58,329,237)$26,852,536
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Total$369,367,475 $40,790,978 $85,448,311 $96,479,412 ($6,417,245)($9,211,421)($425,998)($133,112,753)($139,969,622)($321,076,339)($18,127,202)
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III. Average Additions and Subtractions per Return
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Size of Colorado Taxable IncomeAdditionsSubtractionsTotal Modifications ³
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Federal Net Operating Loss AddbackColorado Income Tax AddbackBusiness Interest Expense Deduction AddbackOther AdditionsU.S. Government Interest SubtractionForeign Source Income ExclusionColorado Capital Gain SubtractionColorado Marijuana Business SubtractionOther SubtractionsColorado Corporate Net Operating Loss Deduction ¹
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Negative Income$423,189 $3,415 $417,482 $566,118 ($23,166)($1,006,565)$0 ($470,954)($202,319)$0 $64,146
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$ 0 to $ 9,999$53,556 $531 $68,644 $32,505 ($20,023)NRNR($536,707)($718,090)($61,871)($20,625)
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$ 10,000 to $ 19,999$40,489 $1,153 NR$7,679 ($285)NRNRNR($26,941)($46,929)($322)
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$ 20,000 to $ 29,999$46,658 $2,014 NRNR($1,070)$0 $0 NRNR($56,221)$23,004
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$ 30,000 to $ 39,999$62,561 $2,050 $0 NRNR$0 $0 ($266,776)NR($75,831)($16,031)
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$ 40,000 to $ 49,999$67,676 $2,368 NR$39,137 $0 NR$0 $0 ($57,992)($90,808)$2,543
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$ 50,000 to $ 59,999$109,404 $5,003 NRNR$0 $0 $0 ($234,108)NR($130,347)($6,591)
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$ 60,000 to $ 74,999$116,590 $3,874 NRNR$0 $0 $0 NRNR($129,512)($6,403)
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$ 75,000 to $ 99,999$127,228 $5,217 $34,621 $103,434 NR$0 $0 ($334,391)NR($135,429)($11,053)
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$ 100,000 to $ 199,999$221,479 $9,220 NR$48,324 NR$0 NR($772,741)($104,588)($249,175)$84,202
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$ 200,000 to $ 499,999$209,201 $14,449 $159,732 $343,701 ($28,048)$0 NR($837,814)NR($258,556)($121,148)
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$ 500,000 to $ 999,999$364,503 $31,394 NR$62,812 ($67,011)$0 $0 ($712,973)NR($429,608)($94,270)
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$ 1,000,000 and over$2,159,011 $152,113 $1,651,438 $656,108 NR$0 NR($1,987,901)($275,808)($1,356,494)$126,068
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Average$97,253 $11,592 $581,281 $266,518 ($32,247)($614,095)($71,000)($816,643)($381,389)($93,120)($2,314)
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Source: Colorado corporate income tax returns
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NR - Not releasable due to confidentiality requirements. Total includes NR data.
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¹ The Colorado corporate net operating loss deduction values in this report were adjusted so that they do not exceed Colorado taxable income before the net operating loss deduction. This adjustment can be made because Colorado taxable income before the net operating loss deduction is a line on the tax return. If that line is $0 or less, the net operating loss deduction amount was reduced to $0.
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² The total number of returns are not a sum of the counts presented because multiple modifications can be reported on a single return. The total number of returns represents the count of returns in which at least one modification (addition or subtraction) was claimed.
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³ The total modifications values are calculated on the sum of positive and negative numbers.
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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 25, 2022
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Publish date: February 2023
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