39-22-303.6–14 Nonapportionable Income. Basis and Purpose. The bases of this rule are §§ 39-21-112, 39-22-301, 39-22-303,

39-22-303.6, C.R.S. The purpose of this rule is to provide guidance in the allocation of nonapportionable income. In the allocation of nonapportionable income, 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.