Taxes on Business Income in Colorado

April 13, 2006

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The following are the types of income taxes that will affect small businesses. Our intent is to give you a general understanding of when the various taxes will apply to you and what they will mean to your business.

Franchise tax is required from most corporations doing business in Colorado.
Income tax on business income computed at the rate of 4.63 percent of corporate taxable net income is required in Colorado.
Personal income tax based on a person's income is 4.63 percent of taxable income in Colorado.