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Colorado Department of Revenue
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2021 Corporate Statistics of Income
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Table 1. All Corporations: Income and Tax Data by Size of Colorado Taxable Income
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This table shows aggregate income and tax data for all C corporations by Colorado taxable income group. This includes corporations that conduct business only in Colorado and corporations that conduct business within and outside of Colorado.
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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 26,476 ($295,766,985,157)($12,200,944,734)$0 $0
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$0 under $10K 22,613 $157,174,173,601 $19,741,996 $884,550 $871,867
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$10K under $20K 1,754 $4,169,256,889 $25,598,098 $1,145,312 $1,131,139
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$20K under $30K 1,104 $4,626,729,135 $27,112,908 $1,209,944 $1,187,965
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$30K under $40K 778 $3,844,360,872 $27,118,051 $1,215,697 $1,205,656
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$40K under $50K 575 $1,943,109,051 $25,726,531 $1,152,333 $1,140,313
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$50K under $60K 455 $2,955,802,659 $24,979,167 $1,110,632 $1,069,859
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$60K under $75K 626 $3,136,916,207 $42,045,969 $1,872,954 $1,845,007
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$75K under $100K 718 $9,279,662,035 $62,408,014 $2,793,330 $2,744,690
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$100K under $200K 1,564 $19,061,769,126 $222,625,610 $9,985,270 $9,837,892
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$200K under $500K 1,683 $37,964,964,420 $533,935,832 $24,024,661 $23,701,955
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$500K under $1M 954 $41,032,390,134 $679,306,055 $30,562,172 $30,206,693
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$1M and over 1,988 $1,388,491,066,154 $21,165,869,142 $952,418,690 $910,284,054
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Total 61,288 $1,377,913,215,126 $10,655,522,639 $1,028,375,545 $985,227,090
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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 26,476 ($11,171,136)($460,830)$0 $0
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$0 under $10K 22,613 $6,950,611 $873 $39 $39
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$10K under $20K 1,754 $2,376,999 $14,594 $653 $645
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$20K under $30K 1,104 $4,190,878 $24,559 $1,096 $1,076
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$30K under $40K 778 $4,941,338 $34,856 $1,563 $1,550
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$40K under $50K 575 $3,379,320 $44,742 $2,004 $1,983
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$50K under $60K 455 $6,496,270 $54,899 $2,441 $2,351
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$60K under $75K 626 $5,011,048 $67,166 $2,992 $2,947
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$75K under $100K 718 $12,924,320 $86,919 $3,890 $3,823
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$100K under $200K 1,564 $12,187,832 $142,344 $6,384 $6,290
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$200K under $500K 1,683 $22,557,911 $317,252 $14,275 $14,083
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$500K under $1M 954 $43,010,891 $712,061 $32,036 $31,663
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$1M and over 1,988 $698,436,150 $10,646,815 $479,084 $457,889
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Average 61,288 $22,482,594 $173,860 $16,779 $16,075
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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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