39-22-303.6 Distributions and Allocation of Gross Income and Deductions Between or Among C Corporations.

Even though subsection 39-22-303(6), C.R.S. has been superseded by subsection 39- 22-303(11), C.R.S., as a vehicle for requiring combined reporting for affiliated C corporations, subsection 39-22-303(6) is still available for use by the Department of Revenue or by the taxpayer for determining Colorado taxable income by use of methodology such as that contained in section 482 of the Internal Revenue Code in applying “arm's length pricing” procedures.