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Colorado Department of Revenue
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2021 Corporate Statistics of Income
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Table 10. Corporations that Conduct Business Within and Outside of Colorado: Income and Tax Data by Industry
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This table shows aggregate income and tax data by industry for C corporations that conduct business within and outside of Colorado. This table is a subset of the data presented in Table 8.
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I. Number of Returns and Aggregate Dollar Amounts
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NAICS Code ¹Industry ¹ Number
of Returns 		Federal
Taxable Income ²		 Colorado
Taxable Income ³ 		Colorado
Gross Tax ⁴ 		Colorado
Net Tax
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11Agriculture, Forestry, Fishing and Hunting216$582,117,496 ($13,331,606)$1,762,385 $1,749,831
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21Mining, Quarrying, and Oil and Gas Extraction527$9,752,466,508 ($324,585,840)$5,217,286 $4,916,176
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22Utilities111($4,119,846,628)($142,502,776)NRNR
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23Construction861$24,676,176,521 $920,163,976 $46,586,140 $45,845,241
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31-33Manufacturing3,257$361,062,320,933 $2,231,797,647 $151,756,362 $143,854,193
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42Wholesale Trade2,474$66,211,406,270 $796,342,649 $47,634,275 $44,954,686
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441Motor Vehicle and Parts Dealers52$8,713,704,819 $255,290,464 $12,064,572 $12,063,572
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442Furniture and Home Furnishings StoresNRNR$30,962,569 $1,713,662 $1,712,662
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443Electronics and Appliance Stores45$196,189,960 $6,222,379 $297,674 $297,674
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444Building Material and Garden Equipment and Supplies Dealers41$32,445,058,827 $678,725,697 $30,579,881 $29,932,587
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445Food and Beverage Stores48$429,242,437 ($31,004,992)$3,670,585 $3,339,170
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446Health and Personal Care Stores116$9,788,301,168 $48,871,557 NRNR
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447Gasoline Stations11($164,488,435)$3,920,100 $3,559,439 $3,268,735
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448Clothing and Clothing Accessories Stores129$13,446,476,497 $172,025,331 $8,394,318 $8,292,116
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451Sporting Goods, Hobby, Musical Instrument, and Book Stores46$3,786,225,477 $102,682,412 $4,782,637 $4,730,084
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452General Merchandise Stores22$29,501,833,646 $454,670,186 $20,517,450 $19,237,408
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453Miscellaneous Store Retailers142$526,332,987 ($4,712,754)$1,064,394 $1,058,941
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454Nonstore Retailers460$23,668,025,209 $247,086,929 NR$5,798,999
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48-49Transportation and Warehousing465$25,041,767,063 $373,664,256 $20,743,116 $17,944,192
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51Information2,294$104,780,244,554 $317,505,856 $66,432,742 $65,665,886
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52Finance and Insurance4,863$211,000,212,311 $2,105,881,585 $130,181,652 $128,301,586
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53Real Estate and Rental and Leasing2,270($561,932,542)($436,837,485)$27,507,328 $27,325,951
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54Professional, Scientific, and Technical Services7,148$42,370,693,814 ($527,415,656)$39,714,744 $38,776,157
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56Administrative and Support and Waste Management and Remediation Services947$11,999,995,526 $267,871,524 $15,263,320 $12,819,845
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61Educational Services223$1,556,917,735 ($4,133,317)$1,078,866 $1,077,866
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62Health Care and Social Assistance500$3,506,759,099 ($60,185,712)$7,530,304 $7,528,427
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71Arts, Entertainment, and Recreation216$606,233,085 $5,620,573 $3,300,708 $3,300,708
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721Accommodation104$1,804,850,179 $15,547,680 $1,515,765 $1,505,765
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722Food Services and Drinking Places163$8,709,138,975 $117,667,625 $7,022,906 $6,790,211
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55; 81Management of Companies and Enterprises; Other Services (except Public Administration)3,333$345,273,114,411 $3,862,047,099 $235,955,674 $229,315,436
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92Public AdministrationNRNR$0 $0 $0
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TotalTotal31,130$1,337,212,785,688 $11,469,857,956 $916,084,193 $876,440,448
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Source: Colorado C corporation income tax returns
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NR - Not releasable due to confidentiality requirements. Total includes NR data.
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¹ Industries are defined by the North American Industry Classification System (NAICS). NAICS codes are self-reported on returns. Returns without codes or with codes that do not match those defined by NAICS are excluded from this table. NAICS codes are updated every five years. This report uses 2017 NAICS definitions.
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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.
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³ 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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⁴ 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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