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Colorado Department of Revenue
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2021 Corporate Statistics of Income
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Table 9. Corporations that Conduct Business Only in 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 only in 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 Hunting788$13,939,535 $7,970,220 $2,381,211 $2,169,532
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21Mining, Quarrying, and Oil and Gas Extraction227($45,659,709)($44,788,003)$1,012,316 $679,342
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22Utilities101$8,986,683 $9,526,228 NRNR
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23Construction1,468$20,377,112 $22,139,706 $3,946,553 $3,837,653
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31-33Manufacturing907($392,083,184)($427,687,482)$4,021,799 $3,933,481
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42Wholesale Trade1,413($6,754,678)($5,474,422)$3,300,578 $3,264,109
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441Motor Vehicle and Parts Dealers161$65,774,589 $67,348,545 $3,134,565 $3,111,530
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442Furniture and Home Furnishings StoresNRNR$2,564,318 $196,142 $195,258
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443Electronics and Appliance Stores78($701,518)($697,010)$60,705 $60,705
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444Building Material and Garden Equipment and Supplies Dealers106$21,085,452 $22,155,807 $1,320,283 $1,291,269
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445Food and Beverage Stores205$18,625,534 $17,328,461 $992,055 $982,987
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446Health and Personal Care Stores137$27,688,677 ($5,113,969)NRNR
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447Gasoline Stations44$12,337,823 $12,813,130 $601,336 $578,919
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448Clothing and Clothing Accessories Stores75($1,300,711)($1,173,261)$126,520 $124,358
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451Sporting Goods, Hobby, Musical Instrument, and Book Stores86$1,558,777 $1,627,026 $194,359 $194,266
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452General Merchandise Stores228$1,007,419 $2,422,226 $118,166 $109,628
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453Miscellaneous Store Retailers318$66,234,001 $35,470,408 $2,070,482 $2,054,982
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454Nonstore Retailers1,420($5,084,063)($8,519,486)$602,191 $599,852
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48-49Transportation and Warehousing325($5,065,334)($5,324,196)$535,200 $533,177
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51Information606($208,780,375)($209,064,794)$1,451,397 $1,417,176
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52Finance and Insurance1,603($173,612,908)$350,419,708 $30,009,999 $29,833,729
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53Real Estate and Rental and Leasing6,857$79,460,939 $93,640,244 $11,875,716 $11,857,672
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54Professional, Scientific, and Technical Services2,962($815,281,221)($797,874,042)$7,184,684 $7,159,463
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56Administrative and Support and Waste Management and Remediation Services869($3,910,906)($6,627,490)$822,654 $816,320
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61Educational Services174($8,804,273)($8,477,910)$170,569 $170,546
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62Health Care and Social Assistance931($40,556,980)($56,577,172)$2,185,507 $2,177,774
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71Arts, Entertainment, and Recreation328($5,274,207)($4,685,869)$279,169 $279,080
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721Accommodation112($7,602,909)($7,168,374)$553,652 $552,899
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722Food Services and Drinking Places465($17,039,052)($17,437,740)$580,244 $574,569
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55; 81Management of Companies and Enterprises; Other Services (except Public Administration)4,228($191,013,303)($120,117,278)$4,318,463 $4,250,671
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92Public AdministrationNRNR$0 $0 $0
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TotalTotal27,278($1,589,234,176)($1,081,382,471)$85,832,313 $84,584,207
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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 The Federal taxable income (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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