loading…

us-co/statute/39/39-29-114 — Component members of a controlled group treated as one taxpayer · Axiom

Component members of a controlled group treated as one taxpayer

5 rules

(1) For the purposes of this article, persons who are members of the same controlled group of corporations shall be treated as one taxpayer.

(2) If fifty percent or more of the beneficial interest in two or more corporations, trusts, or estates is owned by the same or related persons (taking into account only persons who own at least five percent of such beneficial interest), the exemptions allowed under this article shall be allocated among all such entities in proportion to their respective quantities of production from the property of such entities.

(3) In the case of individuals who are members of the same family, the exemptions allowed under this article shall be allocated among such individuals in proportion to their respective quantities of production from the property of such individuals. For the purposes of this article, the family of an individual shall be deemed to include only his spouse and children.

(4) For the purposes of this section, the term controlled group of corporations has the meaning given to such term by the Internal Revenue Code of 1986, in section 613A, as of January 1, 1987. The change of the reference in this section from the Internal Revenue Code of 1954 to the Internal Revenue Code of 1986 shall not affect any act done or any right accrued or accruing before or after such change, but all rights and liabilities shall continue and may be enforced in the same manner as if such references had not been changed.

in view

Whole section

Encodings · 5

common_beneficial_interest_thresholdCO 39 § 39-29-114 · parameter

C.R.S. 39-29-114(2)

name: common_beneficial_interest_threshold
kind: parameter
dtype: Rate
source: C.R.S. 39-29-114(2)
metadata:
  proof:
    atoms:
      - path: versions[0].formula
        kind: parameter
        source:
          corpus_citation_path: us-co/statute/39/39-29-114
          excerpt: fifty percent or more of the beneficial interest
versions:
  - effective_from: '1987-01-01'
    formula: '0.50'

counted_beneficial_owner_minimum_interestCO 39 § 39-29-114 · parameter

C.R.S. 39-29-114(2)

name: counted_beneficial_owner_minimum_interest
kind: parameter
dtype: Rate
source: C.R.S. 39-29-114(2)
metadata:
  proof:
    atoms:
      - path: versions[0].formula
        kind: parameter
        source:
          corpus_citation_path: us-co/statute/39/39-29-114
          excerpt: persons who own at least five percent of such beneficial interest
versions:
  - effective_from: '1987-01-01'
    formula: '0.05'

exemption_allocated_under_common_beneficial_ownershipCO 39 § 39-29-114 · derived

C.R.S. 39-29-114(2)

name: exemption_allocated_under_common_beneficial_ownership
kind: derived
entity: BeneficialInterestEntity
dtype: Money
unit: USD
period: Year
source: C.R.S. 39-29-114(2)
metadata:
  proof:
    atoms:
      - path: versions[0].formula
        kind: formula
        source:
          corpus_citation_path: us-co/statute/39/39-29-114
versions:
  - effective_from: '1987-01-01'
    formula: >-
      if common_beneficial_interest_owned_by_same_or_related_persons >=
      common_beneficial_interest_threshold

      and
      each_owner_taken_into_account_owns_at_least_counted_beneficial_owner_minimum_interest

      and total_production_quantity_of_common_ownership_entities > 0:
        total_exemptions_allowed_under_article_for_common_ownership_entities
        * entity_production_quantity
        / total_production_quantity_of_common_ownership_entities
      else: 0

person_is_within_family_of_individualCO 39 § 39-29-114 · derived

C.R.S. 39-29-114(3)

name: person_is_within_family_of_individual
kind: derived
entity: Person
dtype: Judgment
period: Year
source: C.R.S. 39-29-114(3)
metadata:
  proof:
    atoms:
      - path: versions[0].formula
        kind: definition
        source:
          corpus_citation_path: us-co/statute/39/39-29-114
versions:
  - effective_from: '1987-01-01'
    formula: |-
      person_is_the_individual
      or person_is_spouse_of_the_individual
      or person_is_child_of_the_individual

exemption_allocated_among_family_individualsCO 39 § 39-29-114 · derived

C.R.S. 39-29-114(3)

name: exemption_allocated_among_family_individuals
kind: derived
entity: Person
dtype: Money
unit: USD
period: Year
source: C.R.S. 39-29-114(3)
metadata:
  proof:
    atoms:
      - path: versions[0].formula
        kind: formula
        source:
          corpus_citation_path: us-co/statute/39/39-29-114
      - path: versions[0].formula
        kind: import
        import:
          target: us-co:statutes/39/39-29-114#person_is_within_family_of_individual
          output: person_is_within_family_of_individual
          hash: sha256:local
versions:
  - effective_from: '1987-01-01'
    formula: |-
      if person_is_within_family_of_individual
      and total_production_quantity_of_family_individuals > 0:
        total_exemptions_allowed_under_article_for_family_individuals
        * individual_production_quantity
        / total_production_quantity_of_family_individuals
      else: 0

▸rulespec code

Shown source

statutes/39/39-29-114.yaml

Displaying the canonical repository encoding.

View on GitHub

Rules

common_beneficial_interest_threshold

Parameter

source: C.R.S. 39-29-114(2)

- name: common_beneficial_interest_threshold
  kind: parameter
  dtype: Rate
  source: C.R.S. 39-29-114(2)
  metadata:
    proof:
      atoms:
        - path: versions[0].formula
          kind: parameter
          source:
            corpus_citation_path: us-co/statute/39/39-29-114
            excerpt: fifty percent or more of the beneficial interest
  versions:
    - effective_from: '1987-01-01'
      formula: '0.50'

counted_beneficial_owner_minimum_interest

Parameter

source: C.R.S. 39-29-114(2)

- name: counted_beneficial_owner_minimum_interest
  kind: parameter
  dtype: Rate
  source: C.R.S. 39-29-114(2)
  metadata:
    proof:
      atoms:
        - path: versions[0].formula
          kind: parameter
          source:
            corpus_citation_path: us-co/statute/39/39-29-114
            excerpt: persons who own at least five percent of such beneficial interest
  versions:
    - effective_from: '1987-01-01'
      formula: '0.05'

exemption_allocated_under_common_beneficial_ownership

Derived

source: C.R.S. 39-29-114(2)

- name: exemption_allocated_under_common_beneficial_ownership
  kind: derived
  entity: BeneficialInterestEntity
  dtype: Money
  unit: USD
  period: Year
  source: C.R.S. 39-29-114(2)
  metadata:
    proof:
      atoms:
        - path: versions[0].formula
          kind: formula
          source:
            corpus_citation_path: us-co/statute/39/39-29-114
  versions:
    - effective_from: '1987-01-01'
      formula: >-
        if common_beneficial_interest_owned_by_same_or_related_persons >=
        common_beneficial_interest_threshold

        and each_owner_taken_into_account_owns_at_least_counted_beneficial_owner_minimum_interest

        and total_production_quantity_of_common_ownership_entities > 0:
          total_exemptions_allowed_under_article_for_common_ownership_entities
          * entity_production_quantity
          / total_production_quantity_of_common_ownership_entities
        else: 0

person_is_within_family_of_individual

Derived

source: C.R.S. 39-29-114(3)

- name: person_is_within_family_of_individual
  kind: derived
  entity: Person
  dtype: Judgment
  period: Year
  source: C.R.S. 39-29-114(3)
  metadata:
    proof:
      atoms:
        - path: versions[0].formula
          kind: definition
          source:
            corpus_citation_path: us-co/statute/39/39-29-114
  versions:
    - effective_from: '1987-01-01'
      formula: |-
        person_is_the_individual
        or person_is_spouse_of_the_individual
        or person_is_child_of_the_individual

exemption_allocated_among_family_individuals

Derived

source: C.R.S. 39-29-114(3)

- name: exemption_allocated_among_family_individuals
  kind: derived
  entity: Person
  dtype: Money
  unit: USD
  period: Year
  source: C.R.S. 39-29-114(3)
  metadata:
    proof:
      atoms:
        - path: versions[0].formula
          kind: formula
          source:
            corpus_citation_path: us-co/statute/39/39-29-114
        - path: versions[0].formula
          kind: import
          import:
            target: us-co:statutes/39/39-29-114#person_is_within_family_of_individual
            output: person_is_within_family_of_individual
            hash: sha256:local
  versions:
    - effective_from: '1987-01-01'
      formula: |-
        if person_is_within_family_of_individual
        and total_production_quantity_of_family_individuals > 0:
          total_exemptions_allowed_under_article_for_family_individuals
          * individual_production_quantity
          / total_production_quantity_of_family_individuals
        else: 0

▸citations (1)

References

This rule cites 1 other rule.

CO 39 § 613AinferredCO › Statutes › Title 39 › § 613A

loading…

Component members of a controlled group treated as one taxpayer

5 rules

Official source

graph ↗build calculator ↗

(1) For the purposes of this article, persons who are members of the same controlled group of corporations shall be treated as one taxpayer.

in view

Whole section

Encodings · 5

common_beneficial_interest_thresholdCO 39 § 39-29-114 · parameter

C.R.S. 39-29-114(2)

name: common_beneficial_interest_threshold
kind: parameter
dtype: Rate
source: C.R.S. 39-29-114(2)
metadata:
  proof:
    atoms:
      - path: versions[0].formula
        kind: parameter
        source:
          corpus_citation_path: us-co/statute/39/39-29-114
          excerpt: fifty percent or more of the beneficial interest
versions:
  - effective_from: '1987-01-01'
    formula: '0.50'

counted_beneficial_owner_minimum_interestCO 39 § 39-29-114 · parameter

C.R.S. 39-29-114(2)

name: counted_beneficial_owner_minimum_interest
kind: parameter
dtype: Rate
source: C.R.S. 39-29-114(2)
metadata:
  proof:
    atoms:
      - path: versions[0].formula
        kind: parameter
        source:
          corpus_citation_path: us-co/statute/39/39-29-114
          excerpt: persons who own at least five percent of such beneficial interest
versions:
  - effective_from: '1987-01-01'
    formula: '0.05'

exemption_allocated_under_common_beneficial_ownershipCO 39 § 39-29-114 · derived

C.R.S. 39-29-114(2)

name: exemption_allocated_under_common_beneficial_ownership
kind: derived
entity: BeneficialInterestEntity
dtype: Money
unit: USD
period: Year
source: C.R.S. 39-29-114(2)
metadata:
  proof:
    atoms:
      - path: versions[0].formula
        kind: formula
        source:
          corpus_citation_path: us-co/statute/39/39-29-114
versions:
  - effective_from: '1987-01-01'
    formula: >-
      if common_beneficial_interest_owned_by_same_or_related_persons >=
      common_beneficial_interest_threshold

      and
      each_owner_taken_into_account_owns_at_least_counted_beneficial_owner_minimum_interest

      and total_production_quantity_of_common_ownership_entities > 0:
        total_exemptions_allowed_under_article_for_common_ownership_entities
        * entity_production_quantity
        / total_production_quantity_of_common_ownership_entities
      else: 0

person_is_within_family_of_individualCO 39 § 39-29-114 · derived

C.R.S. 39-29-114(3)

name: person_is_within_family_of_individual
kind: derived
entity: Person
dtype: Judgment
period: Year
source: C.R.S. 39-29-114(3)
metadata:
  proof:
    atoms:
      - path: versions[0].formula
        kind: definition
        source:
          corpus_citation_path: us-co/statute/39/39-29-114
versions:
  - effective_from: '1987-01-01'
    formula: |-
      person_is_the_individual
      or person_is_spouse_of_the_individual
      or person_is_child_of_the_individual

exemption_allocated_among_family_individualsCO 39 § 39-29-114 · derived

C.R.S. 39-29-114(3)

name: exemption_allocated_among_family_individuals
kind: derived
entity: Person
dtype: Money
unit: USD
period: Year
source: C.R.S. 39-29-114(3)
metadata:
  proof:
    atoms:
      - path: versions[0].formula
        kind: formula
        source:
          corpus_citation_path: us-co/statute/39/39-29-114
      - path: versions[0].formula
        kind: import
        import:
          target: us-co:statutes/39/39-29-114#person_is_within_family_of_individual
          output: person_is_within_family_of_individual
          hash: sha256:local
versions:
  - effective_from: '1987-01-01'
    formula: |-
      if person_is_within_family_of_individual
      and total_production_quantity_of_family_individuals > 0:
        total_exemptions_allowed_under_article_for_family_individuals
        * individual_production_quantity
        / total_production_quantity_of_family_individuals
      else: 0

▸rulespec code

Shown source

statutes/39/39-29-114.yaml

Displaying the canonical repository encoding.

View on GitHub

Rules

common_beneficial_interest_threshold

Parameter

source: C.R.S. 39-29-114(2)

- name: common_beneficial_interest_threshold
  kind: parameter
  dtype: Rate
  source: C.R.S. 39-29-114(2)
  metadata:
    proof:
      atoms:
        - path: versions[0].formula
          kind: parameter
          source:
            corpus_citation_path: us-co/statute/39/39-29-114
            excerpt: fifty percent or more of the beneficial interest
  versions:
    - effective_from: '1987-01-01'
      formula: '0.50'

counted_beneficial_owner_minimum_interest

Parameter

source: C.R.S. 39-29-114(2)

- name: counted_beneficial_owner_minimum_interest
  kind: parameter
  dtype: Rate
  source: C.R.S. 39-29-114(2)
  metadata:
    proof:
      atoms:
        - path: versions[0].formula
          kind: parameter
          source:
            corpus_citation_path: us-co/statute/39/39-29-114
            excerpt: persons who own at least five percent of such beneficial interest
  versions:
    - effective_from: '1987-01-01'
      formula: '0.05'

exemption_allocated_under_common_beneficial_ownership

Derived

source: C.R.S. 39-29-114(2)

- name: exemption_allocated_under_common_beneficial_ownership
  kind: derived
  entity: BeneficialInterestEntity
  dtype: Money
  unit: USD
  period: Year
  source: C.R.S. 39-29-114(2)
  metadata:
    proof:
      atoms:
        - path: versions[0].formula
          kind: formula
          source:
            corpus_citation_path: us-co/statute/39/39-29-114
  versions:
    - effective_from: '1987-01-01'
      formula: >-
        if common_beneficial_interest_owned_by_same_or_related_persons >=
        common_beneficial_interest_threshold

        and each_owner_taken_into_account_owns_at_least_counted_beneficial_owner_minimum_interest

        and total_production_quantity_of_common_ownership_entities > 0:
          total_exemptions_allowed_under_article_for_common_ownership_entities
          * entity_production_quantity
          / total_production_quantity_of_common_ownership_entities
        else: 0

person_is_within_family_of_individual

Derived

source: C.R.S. 39-29-114(3)

- name: person_is_within_family_of_individual
  kind: derived
  entity: Person
  dtype: Judgment
  period: Year
  source: C.R.S. 39-29-114(3)
  metadata:
    proof:
      atoms:
        - path: versions[0].formula
          kind: definition
          source:
            corpus_citation_path: us-co/statute/39/39-29-114
  versions:
    - effective_from: '1987-01-01'
      formula: |-
        person_is_the_individual
        or person_is_spouse_of_the_individual
        or person_is_child_of_the_individual

exemption_allocated_among_family_individuals

Derived

source: C.R.S. 39-29-114(3)

- name: exemption_allocated_among_family_individuals
  kind: derived
  entity: Person
  dtype: Money
  unit: USD
  period: Year
  source: C.R.S. 39-29-114(3)
  metadata:
    proof:
      atoms:
        - path: versions[0].formula
          kind: formula
          source:
            corpus_citation_path: us-co/statute/39/39-29-114
        - path: versions[0].formula
          kind: import
          import:
            target: us-co:statutes/39/39-29-114#person_is_within_family_of_individual
            output: person_is_within_family_of_individual
            hash: sha256:local
  versions:
    - effective_from: '1987-01-01'
      formula: |-
        if person_is_within_family_of_individual
        and total_production_quantity_of_family_individuals > 0:
          total_exemptions_allowed_under_article_for_family_individuals
          * individual_production_quantity
          / total_production_quantity_of_family_individuals
        else: 0

▸citations (1)

References

This rule cites 1 other rule.

CO 39 § 613AinferredCO › Statutes › Title 39 › § 613A