39-22-303.5–7 Nonbusiness Income.

The provisions of this rule apply to income tax years commencing on or after January 1, 2009, but prior to January 1, 2019. Tangible personal property has a situs in Colorado at the time of the sale if it is physically located in Colorado immediately prior to the sale of the property. The movement of property in anticipation of sale or as part of the sale transaction is not considered in determining its situs immediately prior to the time of sale.