Colorado Lawmakers Replace Unique Combined Reporting Test

By Eric Geringswald | CSC

Colorado’s unique “three of six” combined reporting test has been replaced with the Multistate Tax Commission’s standard. The change now requires the members of an affiliated group of C corporations to file a combined report. The net income of each combined group member will be computed the same way that it is currently computed under existing law, but intercompany transactions have been eliminated.

The change was among several amendments made by Colorado's General Assembly to the state’s business entity laws during the 2024 legislative session. Other changes concern delinquent domestic entities, dissolved entities, disclosure of member-specific data by nonprofit organizations, and clarification of what constitutes a registered agent’s address.

Colorado Laws Governing Business Entities Annotated

These and other updates are captured in the 2024 edition of CSC Publishing’s Colorado Laws Governing Business Entities Annotated. This latest edition contains the full text of Colorado’s Title 7—Corporations and Associations along with related statutes. Changes are captured in the book’s Table of Sections Affected, and Blackline Amendment Notes indicate precisely how the laws have changed. The book also includes a summary of the business entity law highlights coming out of the 2024 session.

The 2024 edition is annotated with the latest case notes interpreting Colorado business entity law and includes an up-to-date Fee Schedule for Colorado business entity filings. Readers can also access over 60 Colorado business forms for incorporation/formation, qualification, mergers, dissolution, and name reservation for all entity types via the LexisNexis^® Store download center.

These features make Colorado Laws Governing Business Entities Annotated a valued resource for corporate attorneys, in-house counsel, and C-suite executives, as well as solo practitioners and general practice firms who advise Colorado small businesses.

Colorado Governing Business Entities Annotated is available as a softbound book or as an eBook, compatible with dedicated eReader devices, computers, tablets, and smartphones that use eReader software or applications. It is also available on the LexisNexis^® Digital Library.

Colorado practitioners may also be interested in CSC’s Wyoming Laws Governing Business Entities Annotated and Nevada Laws Governing Business Entities Annotated. These annually updated collections of annotated statutes are essential resources for business and legal professionals in those states.

To learn more about the 2024 Edition of Colorado Laws Governing Business Entities Annotated, call 1.800.533.1637 or visit us online at www.lexisnexis.com/csc.