Colorado C-Corporation Income Tax Return Booklet

C-Corporation Income Tax Return Booklet
Book 112 Colorado C Corporation Income Tax Filing Guide
(12/21/23)

Booklet Includes:

Instructions | DR 0112 | Related Forms

2023

112
{ BOOK {
C Corporation

Colorado C Corporation Income Tax
Filing Guide
This book includes:

	 	y
	 	y

DR 0112 2023 Colorado C Corporation Income Tax Return

	 	y
	 	y

DR 0900C 2023 C Corporation Income Tax Payment Form

	 	y
	 	y

DR 0158-C Extension of Time for Filing a Colorado C Corporation
Income Tax Return
DR 0112RF 2023 Schedule RF - Receipts Factor
Apportionment Schedule
DR 0112 Schedule C - Colorado Affiliations Schedule
DR 0112CR 2023 Credit Schedule for Corporations

Tax.Colorado.gov
Mailing Address F
 OR FORM DR 0112, DR 0112RF,
DR 0112 Schedule C & DR 0112CR
With
Payment

Colorado Department of Revenue
Denver, CO 80261-0006

Without
Payment

Colorado Department of Revenue
Denver, CO 80261-0005

These addresses and zip codes are exclusive to the Colorado Department of Revenue, so a street address is not required.

Mailing Address FOR FORM DR 0158-C & DR 0900
Colorado Department of Revenue, Denver, CO 80261-0008

*230158-C19999*

DR 0158-C (07/14/23)
COLORADO DEPARTMENT OF REVENUE
Denver CO 80261-0008
Tax.Colorado.gov
Page 1 of 1

(0029)

2023 Extension of Time for Filing a Colorado
C Corporation Income Tax Return
Filing extensions are granted automatically, only return this form
if you need to make an additional payment of tax.
Corporate income tax returns are due on the fifteenth
Pay Online
day of the fourth month after the end of your tax year,
Visit Colorado.gov/RevenueOnline to pay online. Online
or by April 15 for traditional calendar year filers. If you
payments reduce errors and provide instant payment
are unable to file by your prescribed due date, you may
confirmation. Revenue Online also allows users to submit
file under extension. This will allow you an additional
various forms and to monitor their tax account. The
six months to file your return, or until October 15 for
DR 0158-C is not required to be sent if an online payment
traditional calendar year filers. If the due date falls on a
is made. Please be advised that a small processing fee
may apply to e-check or credit card payments.
weekend or legal holiday, payment will be due the next
business day. While there is an extension to file, there is
not an extension to the payment due date. Penalty and
interest are assessed if certain payment criteria are not
met. Please review FYI General 11 for more information
on penalty and interest.
DO NOT CUT – Return Full Page
DR 0158-C

For tax period: (MM/DD/23)

Ending: (MM/DD/YY)

Return the DR 0158-C with check or money order payable to the “Colorado Department of Revenue”. Mail payments to
Colorado Department of Revenue, Denver, Colorado 80261-0008. These addresses and ZIP codes are exclusive to the
Colorado Department of Revenue, so a street address is not required. Write your Colorado Account Number or Federal
Employer Identification Number and “2023 DR 0158-C” on your check or money order. Do not send cash. Enclose, but
do not staple or attach, your payment with this form. File only if you are making an extension payment.
FEIN

Colorado Account Number

Corporation Name

Address

City

State

The State may convert your check to a one-time electronic banking transaction. Your bank account may be debited as early as
the same day received by the State. If converted, your check will not be returned. If your check is rejected due to insufficient or
uncollected funds, the Department of Revenue may collect the payment amount directly from your bank account electronically

ZIP

Amount Owed

$

DO NOT CUT – Return Full Page. IF NO PAYMENT IS DUE, DO NOT FILE THIS FORM

*230900C=19999*

DR 0900C (07/14/23)
COLORADO DEPARTMENT OF REVENUE
Denver CO 80261-0008
Tax.Colorado.gov
Page 1 of 1

(0021)

2023 C Corporation Income Tax Payment Form
Caution!
This form MUST accompany your payment if you filed electronically and wish to pay by check.
If you paid electronically or do not owe a payment do not return this form.
The Department strongly recommends that you file using
Revenue Online (Colorado.gov/RevenueOnline) or by
another electronic filing method and remit your payment
electronically.
To pay by mail, make check or money order payable to the
“Colorado Department of Revenue.” Be sure to round your
payment to the nearest dollar. Clearly write your Colorado
Account Number or Federal Employer Identification
Number (FEIN) and “2023 DR 0112” on the memo line.

Complete the form below. The amount on the check and
the amount entered on the payment document must be
the same. This will help maintain accuracy in your tax
account. Be sure to keep a copy of the money order or
note the check number with your tax records.
DO NOT submit the DR 0112 if you have already filed and
paid electronically.

DO NOT CUT – Return Full Page
DR 0900C

For tax period: (MM/DD/23)

Ending: (MM/DD/YY)

Return the DR 0900C with check or money order payable to the “Colorado Department of Revenue”. Mail payments to
Colorado Department of Revenue, Denver, Colorado 80261-0008. These addresses and ZIP codes are exclusive to the
Colorado Department of Revenue, so a street address is not required. Write your Colorado Account Number or
FEIN and “2023 DR 0112” on your check or money order. Do not send cash. Enclose, but do not staple or attach, your
payment with this form.
FEIN

Colorado Account Number

Corporation Name

Address

City

State

The State may convert your check to a one-time electronic banking transaction. Your bank account may be debited as early as the
same day received by the State. If converted, your check will not be returned. If your check is rejected due to insufficient or uncollected
funds, the Department of Revenue may collect the payment amount directly from your bank account electronically.

ZIP

Amount Owed

$

DO NOT CUT – Return Full Page. IF NO PAYMENT IS DUE, DO NOT FILE THIS FORM.

Page 7

Instructions For
Completing the DR 0112

S Corporations use the DR 0106

This filing guide will assist you with completing your
Colorado Income Tax Return. Please read through
this guide before starting your return. Once you finish
the form, file it with a computer, smartphone or tablet
using our free and secure Revenue Online service at
Colorado.gov/RevenueOnline.You may also file using
private e-File software or with a paid tax preparer. You
significantly reduce the chance of errors by filing your
return electronically. If you cannot file electronically for any
reason, mail the enclosed forms as instructed on the cover
page of this booklet. All Colorado forms and publications
referenced in this guide are available for download at Tax.
Colorado.gov – the official Taxation website.
If you are filing on paper, submitting an incomplete return
will delay the processing of your return. Please ensure
you provide any supporting schedules or forms and
documentation as requested in the instructions.

Filing Requirements

Each C corporation doing business in Colorado, or those
who derive income from Colorado sources, must file this
return. Organizations that have been granted tax-exempt
status by the IRS are generally exempt from Colorado
taxation. However, those tax exempt entities that file
federal Form 990-T to report unrelated business taxable
income from Colorado sources or from business activity in
Colorado are subject to Colorado taxation and are required
to file the DR 0112. Any insurance company subject to the
tax imposed on gross premiums by §10-3-209, C.R.S. is
exempt from Colorado income tax.

Due Date

Corporate income tax returns are due April 15, 2024 for
traditional calendar year filers. If the due date falls on
a weekend or legal holiday, return will be due the next
business day. If you are unable to file by your prescribed
due date, you may file under extension. See the DR 0158C for more information about filing extensions.

Estimated Tax

Every C corporation subject to Colorado income tax must
file the DR 0112EP, if it can reasonably expect the net tax
liability to exceed $5,000 during the taxable year. See the
Corporate Income Tax Guide for more information.

Accounting Period and Method

The accounting period and method for Colorado income tax
must be the same accounting period and method as used
for federal income tax.

Account Numbers

The Colorado Account Number (CAN) is 8 digits and must
be listed in addition to the Federal Employer Identification
Number (FEIN) on any form where requested.

Line–by–Line Instructions

First, complete the federal income tax return to be filed
with the IRS. You will use information from that return to
complete the Colorado income tax return.

Section A

Mark the appropriate box related to your apportionment
method. C corporations that have income from business
activity outside of Colorado must apportion and allocate
their income to determine the share of their income
attributable to Colorado. We recommend that you read
the Colorado Corporate Income Tax Guide for more
information. Generally, income is apportioned using the
receipts factor.
•	 Not Apportioning
	The C corporation has no income from
business activity outside of Colorado. Tax will
be calculated on 100% of the Colorado taxable
income.
•	 Receipts Factor
	All apportionable income must be apportioned
using a single factor: receipts. Nonapportionable
income may either be directly allocated to the
appropriate state or treated as business income,
subject to the receipts factor. The DR 0112RF is
required for interstate corporations apportioning
and allocating income and can be completed by
clicking the appropriate edit button on Revenue
Online. Otherwise, submit via the e-Filer
Attachment on Revenue Online or send with the
paper return.
Note that for tax years beginning on or after January
1, 2023, the numerator of the receipts factor for
a combined group includes amounts sourced to
Colorado regardless of the separate entity to which
those factors may be attributed. The numerator is no
longer limited to those affiliated corporations doing
business in Colorado.
•	 Other Apportionment Method
When Colorado apportionment methods do not
fairly measure the Colorado-source income, the
corporation may request (or the Department
might require) an alternative apportionment
method.

Section B

Mark the appropriate box to designate a separate,
consolidated, or combined return.
There are four possible filing alternatives for C
corporations. We recommend that you read the Corporate
Income Tax Guide for additional information.
•	 Separate
	 This designation is for a single corporation,
regardless of its membership in an affiliated
group. A single corporation cannot use this filing
alternative if it elects to be part of a consolidated
return or if it is required to be included in a
combined filing.
•	 Consolidated
	 This designation is for members of an affiliated
group of C corporations, as defined by section
1504 of the Internal Revenue Code. However,
only those members doing business in Colorado,
as defined in Regulation 39-22-301.1, can be
included in the consolidated return. This filing

Page 8

alternative is binding for four years and requires
consent of the Colorado members of the group.
Filing such a return shall be deemed consent.
•	 Combined
	 This designation is for members of an affiliated
group of C corporations, as defined by §39-22303(12), C.R.S., that meet at least three of the
six-part intercompany business relationship tests
for this year and the preceding two years. This is
a required filing alternative.
•	 Combined/Consolidated
	 This designation is for group of C corporations
including some members required to file a
combined report and other members not
required to be included in the combined report,
but electing to be included in a consolidated
filing along with those members included in the
combined report.

Federal Taxable Income

Line 1
Enter the federal taxable income (or loss) from federal
Form 1120 or 990-T.
Line 2
Enter any amount from line 1 that is attributed to affiliated
corporations that are not included in this consolidated or
combined return.
Line 3
Subtract line 2 from line 1. This reflects the taxable income
of the federal pro-forma return included on the Colorado
form.

Additions

Line 4
Enter any federal net operating loss deduction claimed
in the computation of the federal taxable income. We
recommend that you read the Corporate Income Tax Guide
if this applies to you.
Line 5
Enter any Colorado income tax claimed as a deduction in
the computation of the federal taxable income.
Line 6
Enter the sum of all other qualifying additions. For this line,
you must further explain your basis for this adjustment. If
you are using Revenue Online, submit this explanation to
your return electronically with the E-Filer Attachment option.
Otherwise, use the DR 1778 or include a written statement
with your paper return. We recommend that you read the
Corporate Income Tax Guide if this applies to you:
•	

Bond interest – the amount of any interest, less any
amortization of premium, earned from bonds issued
by any state or political subdivision, excluding any
bonds issued by the State of Colorado or its political
subdivisions on or after May 1, 1980. Calculate
the appropriate amount as the net of amount after
reduction by the amount of the deductions allocated to
such interest income under the Internal Revenue Code.

•	

Foreign-source income – the amount of any income,
war profits, or excess profits taxes paid or accrued to
any foreign country or to any possession of the United
States that were claimed as a deduction on the federal
return.
•	 Gross Conservation Easement charitable contribution
– Any charitable deduction taken on the federal return
for a gross conservation easement that has also been
claimed for a Colorado tax credit. Complete the DR
1305 Part D.
Line 7
Enter the sum of lines 3 through 6.

Subtractions

Line 8
Enter any income that is included on line 3, which is
derived from any U.S. government bond interest and any
interest or dividend income on obligations securities of
any authority, commission, or instrumentality of the United
States to the extent that such income is exempt from state
taxation by federal law. We recommend that you read
publication FYI Income 20 if this applies to you.
Line 9
Enter any foreign source income that is included on line
3 that qualifies for exclusion pursuant to § 39-22-303(10),
C.R.S. and the regulation promulgated thereunder.
Line 10
For Colorado-licensed marijuana businesses, enter any
expenditure that is eligible to be claimed as a federal
income tax deduction but is disallowed by section 280E
of the Internal Revenue Code because marijuana is a
controlled substance under federal law.
To calculate this deduction, you must create pro forma
federal schedule(s) for Business Profit or Loss as if the
federal government would have allowed the expenditures
from the marijuana business. The Colorado deduction shall
be the difference between the profit/loss as calculated on
the ACTUAL schedule(s) filed with the federal return and
the pro forma schedule(s) described above. You must
include the pro forma schedule(s), the MED license number
and the actual federal schedule(s) with your Colorado
return to receive this deduction.
Line 11
Enter the sum of all other qualifying subtractions. For
this line, you must provide a detailed explanation for any
subtraction claimed. The explanation can be scanned and
attached to your electronic filing through Revenue Online
or most tax software, mailed with the DR 1778 or included
with your paper return.
We recommend that you read the Corporate Income Tax
Guide if these subtractions apply to you:
•	 Colorado income tax refund–the amount of any
Colorado income tax refund that was included on line 3.
•	 Gross up provisions–the amount of any IRC
section 78 gross up provisions that was included
on line 3.
•	 Various credits – the amount of any wages or
salaries for which the federal deduction was

Page 9

disallowed by section 280C of the Internal
Revenue Code because a federal credit was
claimed for such wages or salaries.
Line 12
Enter the sum of lines 8 through 11.

Taxable Income

Line 13
Calculate your modified federal taxable income by
subtracting line 12 from line 7.
Line 14
Enter the Colorado taxable income before net operating
loss deduction. This amount is transferred from line 13 if
not apportioning income. Otherwise, for corporations that
are apportioning income, this amount shall be transferred
from line 14 of the DR 0112RF.
Line 15
The Colorado net operating loss deduction is allowed
in the same manner as the federal net operating loss
deduction, except as otherwise provided in Colorado law.
Several limitations may apply in determining the Colorado
net operating loss deduction a C corporation may claim.
Line 15 and the following instructions account for the 80%
limitation, but do not account for other limitations that may
apply. Please see Part 8 of the Colorado Corporate Income
Tax Guide for additional information about other limitations
and the calculation of the Colorado net operating loss in the
loss year.
If line 14 is less than or equal to 0 (zero), enter 0 (zero) on
line 15. Otherwise, calculate the Colorado net operating loss
deduction as follows.

a.	Enter the lesser of line 14 or Colorado net

operating losses being carried forward from tax
years beginning before January 1, 2018.
b.	Subtract line 15(a) from the amount on line 14.
c.	If line 15(b) is 0 (zero), enter 0 (zero). Otherwise,
enter the lesser of:
•	 Colorado net operating losses being carried
forward from tax years beginning on or after
January 1, 2018; or
•	 80% of the amount on line 15(b).
Losses carried forward from tax years beginning
on or after January 1, 2018, cannot exceed 80% of
Colorado taxable income (after deducting pre-2018
losses).
d.	Enter the sum of lines 15(a) and 15(c).
Line 16
Under HB21-1002, taxpayers may claim a subtraction
for tax years commencing in 2021 in relation to certain
retroactive provisions of the CARES Act. For complete
instructions on how to calculate this subtraction, please
see the CARES Act Guidance publication available at
Tax.Colorado.gov/corporate-income-tax-guidance-publications
for detailed instructions on how to calculate the amount
of this subtraction. In general, the allowable subtraction is
an aggregate amount, calculated in multiple steps, based
on the taxpayer’s Colorado taxable income for each of the

preceding tax years which were affected by the CARES
Act. First, the taxpayer must calculate, for each tax year
ending before March 27, 2020, the difference between its
Colorado taxable income based on Colorado law and the
amount the taxpayer’s Colorado taxable income would
have been had certain provisions of the CARES Act
applied to that tax year. The different amounts calculated
for each year are then aggregated and combined with any
business interest deduction addback required pursuant to
section 39-22-304(2)(i), C.R.S., for any prior tax year. The
subtraction applies only after all other subtractions provided
for in C.R.S. 39-22-304(3) and is limited to $300,000. Any
amount of the allowable subtraction the taxpayer may not
claim for the tax year commencing during 2021 may be
carried forward to subsequent tax years.
Line 17
Calculate your Colorado taxable income by subtracting line
15(d) and 16 from line 14.

Tax

Line 18
Calculate your Colorado tax. Multiply line 17 by the tax rate
of 4.4%.

Credits

Line 19
Complete the DR 0112CR to calculate this line. Transfer
the amount of nonrefundable credits from line 26B of the
DR 0112CR. You must submit the DR 0112CR with your return.
Line 20
Use your tax software, Revenue Online or the DR 1366 to
calculate the total amount of nonrefundable enterprise zone
credits being used to offset the current year tax liability.
The sum of lines 19, 20, and 21 cannot exceed tax on
line 18. You must submit the DR 1366 and a copy of each
certificate with your return. The Department strongly
recommends electronic filing for taxpayers with
enterprise zone credits. Failure to file electronically
may result in delays processing your return.
Line 21
Use your tax software, Revenue Online or the DR 1330
to calculate the total amount of nonrefundable Strategic
Capital Tax Credits being used to offset the current year tax
liability. Complete the DR 1330 and transfer amount on line
8b to this line. The total nonrefundable Strategic Capital
Tax Credits used combined with nonrefundable credits from
lines 19 and 20 cannot exceed the amount on line 18. You
must submit the DR 1330 and a copy of each certificate
with your return. The Department strongly recommends
electronic filing for taxpayers with Strategic Capital
Tax credits. Failure to file electronically may result in
delays processing your return.
Line 22
Subtract the sum of lines 19, 20, and 21 from line 18.
Line 23
Corporations required to recapture federal investment credits
with respect to Colorado assets must recapture the “old”
Colorado investment credits as well. Include any investment
credit recapture, historic property preservation credit
recapture, affordable housing credit recapture, or any other

Page 10

credit recapture. Submit an explanation that itemizes each
recaptured amount calculated for this line. The explanation
can be scanned and attached to your electronic filing
through Revenue Online or most tax software, mailed with
the DR 1778 or included with to your paper return.
Line 24
Enter the sum of lines 22 and 23.
Line 25
Carefully review payment records before completing this
line. Use Revenue Online (Colorado.gov/RevenueOnline)
to verify estimated taxes paid on the account. Doing so will
reduce processing delays. Enter the amount of credit for
prepayments. Include the sum of the following on line 25:
•	 Estimated tax payments for 2023; and
•	 Any overpayment from 2022 that was carried
forward to 2023; and
•	 Extension payment(s) remitted with the
DR 0158-C; and
•	 Payments remitted with DR 1079 to satisfy
withholding requirements for the sale of Colorado
real estate that closed during the tax year for
which you are filing this return. You must submit
the DR 1079 with your return.
Line 26
Enter the amount of withholding reported on Form W-2G
from lottery or gambling winnings.
Line 27
Complete all applicable parts of the DR 1305. Enter the
amount from the DR 1305G line 33. You must submit the
DR 1305G with your return.
Line 28
Complete one Form DR 0617 for each vehicle or truck
claimed, then enter the amount (or sum) from each DR 0617
line 10. You must submit each DR 0617 with your return.
NOTE: If you assigned the credit to a financing entity
you will not submit a Form DR 0617. For each DR 0617,
you must also submit copies of the purchase invoice or
lease agreement, along with proof of permanent Colorado
registration or in the case of a truck a copy of the IRP
(International Registration Plan) for each vehicle for which
you are claiming a credit. For financing entities that accept
assignment of the credit, a completed Form DR 0618
must be submitted for each vehicle claimed. For additional
information, please refer to Department publications
Income Tax Topics: Innovative Motor Vehicle Credit and
Income Tax Topics: Innovative Truck Credit.
Line 29
The income tax credit for business personal property
taxes is limited to $18,000 of the actual value of your
personal property that you paid tax on during 2023. This
is different than real property, which is not eligible for this
credit. If your actual value is less than $18,000, you can
claim the total amount of the assessment you paid, and
you must include the assessor’s statement(s) for which
you are claiming the credit. To find your actual value,
either look for it on your statement, or find your assessed
value and divide it by 0.29.

Actual Value = Assessed Value/0.29.
If you own personal property whose actual value is above
$18,000 for which you were assessed, you can only claim
the assessment on the first $18,000 of the property in
question. You will need to prorate your assessment with the
following formula:
18,000
actual value

*assessment = allowable credit

For example, if your assessment was $2,000 for personal
property tax paid in 2023, but your actual value was
$25,000, you would be permitted to claim $1,440 (72% of
the tax assessed or ($18,000/$25,000)*$2,000)).
Please include a copy of your property tax statement for
property tax paid in 2023.
Line 30
Enter the amount from form DR 1366 line 86. You must
submit the DR 1366 and a copy of each certificate with
your return. The Department strongly recommends
electronic filing for taxpayers with enterprise zone
credits. Failure to file electronically may result in
delays processing your return.
Line 31
If this corporation is a partner in a partnership and the
partnership makes an election under the SALT Parity Act,
and pays Colorado income tax, the credit allowed to this
corporation under section 39-22-347, C.R.S., is reported on
this line 31. The partnership will list this corporation’s share
of the tax paid by the partnership on line 15 of the Colorado
K-1 (DR 0106K) it issued to this corporation.
If the partnership (an “upper-tier partnership”) was
allocated similar credit from another partnership (a “lowertier partnership”) (regardless of whether the upper-tier
partnership made an election), the upper-tier partnership
will report that amount on line 22 of the Colorado K-1
issued to this corporation.
This line 31 will be the total of the amounts listed on
lines 15 and 22 of any Colorado K-1 received from any
partnerships. Include copies of those Colorado K-1 forms
with this return.
Line 32
Submit the credit certificate obtained from the
Office of Economic Development and International
Trade. Information regarding the Employee
Ownership Conversion Credit is available at
OEDIT.Colorado.gov/employee-ownership-tax-credit.
Line 33
Alternative Transportation Options Credit. An income
tax credit is available to certain employers that provide
alternative transportation options to their employees
working in Colorado for going to and returning from
their places of employment. The amount of the credit
is 50% of the amount spent by the employer to provide
alternative transportation options with a maximum
credit of $125,000 per tax year. Credit is not allowed
for any amount spent in excess of $2,000 for any one
employee. Prior to earning this credit, employers must

Page 11

file an annual employer plan report on form DR 1323.
The form DR 1323 plan report should not be filed
with this return. Information regarding the credit is
available in Department publication Income Tax Topics:
Alternative Transportation Options Credit and at
Tax.Colorado.gov/alternative-transportation-option-tax-credit.
Employers who are a nonprofit association, a home rule
city, town, or city and county, or a statutory city or town
must claim the credit on this DR 0112.
Line 34
Refundable Residential Energy Storage Systems
Credit. A refundable income tax credit is available for
sellers who install qualifying residential energy storage
systems into residential buildings in Colorado and who
were assigned the credit by the building owner. The credit
is only refundable if it is assigned to the seller. The
amount of the refundable credit is the amount calculated
on Line 10 of the Residential Energy Storage System
Credit Eligibility Certification and Assignment Election
(DR1307). If the credit was not assigned to you, you must
claim the credit on line 25 of the DR 0112CR.
Line 35
Refundable Heat Pump Credit. A refundable income
tax credit is available for contractors or other sellers who
installed certain types of heat pump systems or heat pump
water heaters into residential or commercial buildings in
Colorado and who were assigned the credit by the building
owner. The credit is only refundable if it is assigned
to the contractor or other seller. The amount of the
refundable credit is the amount on Line 8 of the Heat Pump
System or Heat Pump Water Heater Eligibility Certification
and Assignment Election (DR 1322). If the credit was not
assigned to you, you must claim the credit on line 24 of the
DR 0112CR.
Line 36
Enter the sum of lines 25 through 35. If the amount of line
24 exceeds the amount of line 36, additional tax is due
with this return, continue to line 37. If not, go to line 42.
Line 37
Subtract line 36 from line 24.
Line 38
Calculate any penalty owed for delinquent filing or
payment. The penalty is the greater of $5 or 5% of the net
tax due for the first month after the due date and increased
by 0.5% for each additional month past the due date. The
maximum penalty is 12%. If you prefer not to calculate this
penalty, the Department will bill you.
Line 39
Calculate any interest owed for delinquent filing or
payment. For more information, see FYI General 11 at
Tax.Colorado.gov/guidance-publications
Line 40
To calculate this penalty, complete the DR 0205. Enter any
estimated tax penalty owed on this line. You must submit the
DR 0205 with your return. If you over compute your estimated
tax penalty from what the Department calculates, any amount
of overpayment of penalty will be refunded to you.

Line 41
Enter the sum of lines 37 through 40. Payment can be made
electronically at:
•	 Colorado.gov/RevenueOnline
•	 If you are filing this return WITH a check or
payment, please mail the return to:
	
Colorado Department of Revenue
	
Denver, CO 80261-0006
Line 42
Subtract line 24 from line 36.
Line 43
Enter the amount you would like to be available for 2024
estimated tax.
Line 44
Subtract line 43 from line 42 to calculate the amount of
your refund.

Direct Deposit

You have the option of authorizing the Department to
directly deposit these funds into your bank account.
Otherwise, a refund check will be mailed to the address you
have designated on this return.
Enter the routing and account numbers and account type.
The routing number is 9 digits. Account numbers can
be up to 17 characters (numbers and/or letters). Include
hyphens, but do NOT enter spaces or special symbols. We
recommend that you contact your financial institution to
ensure you are using the correct information and that they
will honor a direct deposit.

Intercepted Refunds

The Department will intercept your refund if you owe
back taxes or if you owe a balance to another Colorado
government agency or the IRS.
Section C
Enter the name, phone, and address of the party responsible
for maintaining the books belonging to this corporation.
Section D
Enter the 6-digit North American Industry Classification
System (NAICS) number that best describes the purpose of
this business. Use the same code used on the federal return.
Section E
Enter the year the corporation began doing business
in Colorado.
Section F
Mark the “Yes” box to appoint the paid preparer entered
on the return as the designee to receive and inspect
confidential tax information related to this tax return.
If a firm or organization is listed, this tax information
authorization will apply to any of its employees. The
designee may:
•	 call for information about the return, including
processing time and refund status;
•	 request copies of notices, bills or transcripts
related to the return, and
•	 respond to inquiries regarding calculations and
supporting documentation for the return.

Page 12

However, a designee cannot sign any form or protest,
request any other change to the account, receive any
refund, or otherwise represent or act on behalf of the
taxpayer with the Colorado Department of Revenue.
This authorization expires four years after the date the
return is signed. A taxpayer may change or revoke it, or
an appointee may withdraw from it. For more information,
see the instructions for form DR 0145, Tax Information
Authorization or Power of Attorney for DepartmentAdministered Tax Matters and submit via Revenue Online.
Section G – H
Complete the data as requested.

Signature

The law requires the return to be signed under penalty
of perjury. Persons authorized to sign this return must
either be the president, vice president, treasurer, assistant
treasurer, chief accounting officer, or other officer that is
duly authorized to act on behalf of the corporation. In cases
where receivers, trustees in bankruptcy, or assignees
are operating the property or business of corporations,
such receivers, trustees, or assignees shall make returns
for such corporations in the same manner and form as
corporations are required to make returns.

Amendments

If an amended return is filed with the IRS, or if the IRS
changes the content of the return, an amendment must be
filed with Colorado. Use Revenue Online or the DR 0112X to
amend the Colorado return. A taxpayer must file a Colorado
amended return whenever a change has been made to their
federal taxable income and attach a copy of the RAR to their
amended return, if applicable. Be sure to list the Colorado
Account Number on the revenue agent report (RAR) before
mailing a copy to one of the addresses below:
If you are filing this return WITH a check or payment,
please mail the return to:
Colorado Department of Revenue
Denver, CO 80261-0006
If you are filing this return WITHOUT a check or
payment, please mail the return to:
Colorado Department of Revenue
Denver, CO 80261-0005
Caution: Federal adjustments must be reported to the
Colorado Department of Revenue. See §39-22-601(6),
C.R.S. for information about the statute of limitations.

DR 0112 (08/22/23)
COLORADO DEPARTMENT OF REVENUE
Tax.Colorado.gov
Page 1 of 4

*230112==19999*

2023 Colorado C Corporation Income Tax Return

(0023)

Do not submit federal return, forms or schedules when filing this return.

Fiscal Year Beginning (MM/DD/23)

Year Ending (MM/DD/YY)

Name of Corporation

Colorado Account Number

Address

Federal Employer ID Number

City

State

ZIP

If you are submitting a statement disclosing a listed or reported
transaction, mark this box

Mark for Final Return

	 A. Apportionment of Income. This return is being filed for:
(42)

A corporation not apportioning income;

(43)

A corporation engaged in interstate business
apportioning income using receipts-factor
apportionment (DR 0112RF required);

(44)

A corporation engaged in interstate business
apportioning income using special regulation
(DR 0112RF required);

(46)

(47)

A corporation claiming an exemption under
P.L. 86-272;
Other apportionment method, see instructions
concerning the requirement for approval by the
Department (fill in below);

	 B. Separate/Consolidated/Combined Filing. This return is being filed for:
A single corporation filing a separate return;

An affiliated group of corporations required to file a
combined return (Schedule C required);

An affiliated group of corporations electing to file a consolidated
report. Warning: such election is binding for four years. If your
election was made in a prior year, enter the year of election in
line below. (Schedule C required);

An affiliated group of corporations required to file
a combined return that includes another affiliated,
consolidated group (Schedule C required);

Enter the year of election (YYYY)

Federal Taxable Income

Round to nearest dollar

1.	Federal taxable income from Federal form 1120 or 990-T	

	 1

00

2.	Federal taxable income of companies not included in this return	

	 2

00

3.	Net federal taxable income, subtract line 2 from line 1		
3
00

Additions

4.	Federal net operating loss deduction	

	 4

00

5.	Colorado income tax deduction	

	 5

00

*230112==29999*

Form 112

DR 0112 (08/22/23)
COLORADO DEPARTMENT OF REVENUE
Tax.Colorado.gov
Page 2 of 4

Name

Account Number

6.	 Other additions, submit explanation	

	 6

00

7.	 Sum of lines 3 through 6		
7
00

Subtractions

8.	 Exempt federal interest

8

00

9.	 Excludable foreign source income

9

00

10.	Colorado Marijuana Business Deduction

10

00

11.	Other subtractions, explanation required below

11

00

12.	Sum of lines 8 through 11

12

00

13.	Modified federal taxable income, subtract line 12 from line 7	

13

00

14.	Colorado taxable income before net operating loss deduction	

14

00

15.	Colorado net operating loss deduction: (see instructions)
(a) Colorado net operating losses carried forward
from tax years beginning before January 1, 2018
15(a)

00

Explain:

Taxable Income

(b) Subtract line 15(a) from line 14, if zero skip to 15(d)
(c) Colorado net operating losses carried forward from
tax years beginning on or after January 1, 2018

15(b)

00

15(c)

00

(d) Colorado net operating loss deduction, sum of (a) and (c)
16.	Carryforward deduction from Income Tax Year 2021, subtractions from HB211002 (see instructions)

15(d)

00

16

00

17.	Colorado taxable income, subtract the sum of lines 15(d) and 16 from line 14

17

00

18.	Tax, 4.4% of the amount on line 17

18

00

19

00

20

00

21

00

22.	Net tax, sum of lines 19, 20, and 21. Subtract that sum from line 18.

22

00

23.	Recapture of prior year credits

23

00

Credits

19.	Sum of nonrefundable credits from line 26B, form DR 0112CR (the sum of lines 19, 20,
and 21 cannot exceed tax on line 18.) You must submit the DR 0112CR with your return.
20.	Non-refundable Enterprise Zone credits used – as calculated, or from the
DR 1366 line 85 (the sum of lines 19, 20, and 21 cannot exceed tax on line 18).
You must submit the DR 1366 with your return.
21.	Strategic capital tax credit from DR 1330 line 8b, the sum of lines 19, 20, and 21
cannot exceed line 18, you must submit the DR 1330 with your return.

*230112==39999*

Form 112

DR 0112 (08/22/23)
COLORADO DEPARTMENT OF REVENUE
Tax.Colorado.gov
Page 3 of 4

Name

Account Number

24.	Sum of lines 22 and 23

24

00

25.	Estimated tax, extension payments, and credits
26.	W-2G Withholding from lottery winnings, you must submit the W-2G(s)
with your return.
27.	Gross Conservation Easement Credit from the DR 1305G line 33, you must
submit the DR 1305G with your return.
28.	Innovative Motor Vehicle and Innovative Truck Credit from form DR 0617, you must
submit the DR 0617(s) with your return.
29.	Business Personal Property Credit: Use the worksheet in the 112 book instructions
to calculate, you must submit copy of assessor’s statement with your return.
30.	Renewable Energy Tax Credit from form DR 1366 line 86, you must submit the
DR 1366 with your return.

25

00

26

00

27

00

28

00

29

00

30

00

31.	SALT Parity Act Credit (see instructions).
32.	Credit for conversion costs to an employee-owned business model. You must
submit the certificate from the Office of Economic Development with your return.

 31

00

32

00

33.	Alternative Transportation Options Credit.
34.	Refundable Residential Energy Storage Systems Credit (assigned to you by the
building owner) from line 10 of DR 1307, which you must submit with your return.
35.	Refundable Heat Pump Credit (assigned to you by the building owner) from line 8
of DR 1322, which you must submit with your return.

33

00

34

00

35

00

36.	Sum of lines 25 through 35

36

00

37.	Net tax due. Subtract line 36 from line 24

37

00

38.	Penalty

38

00

39.	Interest

39

00

40.	Estimated tax penalty due

40

00

41.	Total due. Enter the sum of lines 37 through 40

41

42.	Overpayment, subtract line 24 from line 36

42

00

43.	Amount from line 42 to carry forward to the next year’s estimated tax

43

00

44.	Amount from line 42 to be refunded

44

00

Direct
Deposit

Routing Number

Type:

Checking

Savings

Account Number

The State may convert your check to a one-time electronic banking transaction. Your bank account may be debited as early as the same day received by the State. If converted, your check
will not be returned. If your check is rejected due to insufficient or uncollected funds, the Department of Revenue may collect the payment directly from your bank account electronically.

File and pay at: Colorado.gov/RevenueOnline or
Mail and Make Checks Payable to:	 Colorado Department of Revenue
	
Denver, CO 80261-0006

*230112==49999*

Form 112

DR 0112 (08/22/23)
COLORADO DEPARTMENT OF REVENUE
Tax.Colorado.gov
Page 4 of 4

Name

Account Number

C. The corporation’s books are in care of:
Last Name

First Name

Middle Initial Phone Number

Address

City

D.	Business code number per federal return (NAICS)

State

ZIP

E. Year corporation began doing business in Colorado

F.	
Do you want to allow the paid preparer shown below to discuss this return and any related
information with the Colorado Department of Revenue? See the instructions.

Yes

No

Yes

No

Yes

No

G. Kind of business in detail

H.	Has the Internal Revenue Service made any adjustments in the corporation’s income or tax
or have you filed amended federal income tax returns at any time during the last four years?
If yes, for which year(s)? (YYYY)

Did you file amended Colorado returns to reflect such changes or submit copies of the
Federal Agent’s reports?
Last Name of person or firm preparing return

Address of person or firm preparing return

City

First Name

Middle Initial

Phone Number

State

ZIP

Under penalties of perjury in the second degree, I declare that I have examined this return and to the best of my knowledge is true,
correct and complete. Declaration of preparer (other than taxpayer) is based on all information of which preparer has any knowledge.
Signature or Title of Officer

Date (MM/DD/YY)

Do Not Submit Federal Return, Forms or Schedules when Filing this Return

If you are filing this return with a check or payment,
please mail the return to:

If you are filing this return without a check or payment,
please mail the return to:

COLORADO DEPARTMENT OF REVENUE
Denver, CO 80261-0006

COLORADO DEPARTMENT OF REVENUE
Denver, CO 80261-0005

These addresses and ZIP codes are exclusive to the Colorado Department of Revenue, so a street address is not required.

*230112RF19999*

DR 0112RF (08/15/23)
COLORADO DEPARTMENT OF REVENUE
Tax.Colorado.gov
Page 1 of 2

2023 Schedule RF —
Apportionment Schedule

Complete this form in accordance with section 39-22-303.6 C.R.S., and the regulations thereunder.
Name

Account Number

1.	 Total modified federal taxable income from the DR 0112 line 13
Apportionable Income Apportioned to Colorado By Use of the Receipts Factor
Do not include foreign source income modified out on the DR 0112 line 9.
Colorado
Everywhere
2.	 Gross receipts from the sale of
tangible personal property
2
3.	 Gross receipts from the sale
of services
3
4.	 Gross receipts from the sale, rental,
lease, or license of real property
4
5.	 Gross receipts from the rental,
lease, or license of tangible
personal property
5
6.	 Gross receipts from the sale, rental,
lease, or license of intangible property
6
7.	 Distributive share of partnership
factors
7
8.	 Total receipts (total of lines 2
through 7 in each column)
8

1

9.	 Line 8 (Colorado) divided by line 8 (Everywhere)
9
Complete Lines 10 and 13 only if nonapportionable income is being directly allocated. If all income is being
treated as apportionable income, enter 0 (Zero) on Lines 10 and 13.
10.	Less income directly allocable to any state, including Colorado
(a) Net rents and royalties from
real or tangible property	
(b) Capital gains and losses	
Nonapportionable
Income
Only

(c) Interest and dividends	
(d) Patents and copyright royalties	
(e) Other nonapportionable income	
(f) Total income directly allocable [add lines (a) through (e)]

10

11.	Modified federal taxable income subject to apportionment, line 1 less line 10

11

12.	Income apportioned to Colorado, line 9 multiplied by line 11

12

Do not submit federal return, forms or schedules when filing this return.

*230112RF29999*

DR 0112RF (08/15/23)
COLORADO DEPARTMENT OF REVENUE
Tax.Colorado.gov
Page 2 of 2

Name

Account Number

13.	Add income directly allocable to Colorado:
(a) Net rents and royalties from
real or tangible property
(b) Capital gains and losses
Nonapportionable
Income (c) Interest and dividends
Only
(d) Patents and copyright royalties
(e) Other nonapportionable income
(f) Total income directly allocable to Colorado [add lines (a) through (e)]
14.	Total income apportioned and allocated to Colorado, sum of lines 12 and 13(f).
Enter here and on the DR 0112 line 14
15.	

13
14

Pursuant to §39-22-303.6(8) C.R.S., taxpayer elects to treat all income as apportionable income for the tax
year covered by this return

Instructions For Schedule C
Schedule C must be completed if the corporation is part
of an affiliated group as defined in § 39-22-303(12),
C.R.S., without regard to the minimum property and payroll
requirements prescribed in § 39-22-303(12)(c), C.R.S.
Enter information for the common parent on line 1. Lines
2 through 6 are for subsidiary corporations. Submit
additional sheets if necessary.
Sections A through C
Enter the corporation’s name, address, Colorado Account
Number and Federal Employer Identification Number.
Section D
Taxpayers who are affiliated corporations, as described
above, and who have more than 20% of their property
and payroll located within the United States must
complete Section D.
The checkboxes in Section D are numbered from 1 to
6 and correspond to the six numbered intercompany
business relationships described below. For each affiliate
listed on Schedule C, mark yes or no in the checkboxes
of Section D, to indicate whether the below described
intercompany business relationships did or did not exist
during the tax year and the two preceding tax years.
Intercompany Business Relationships
1.	Is 50% or more of the corporation’s gross
receipts from sales or leases to other affiliates
or is 50% or more of the corporation’s cost of
goods sold or leased from other affiliates?
2.	Does the corporation receive 50% or more of
the total annual value of each of five or more
of the following services from other affiliates:
advertising and public relations, accounting
and bookkeeping, legal, personnel, sales,
purchasing, research and development,

Page 19

insurance, employee benefit programs? Do not
count services which are provided at an “arm’s
length charge.” (See U.S. Treasury Regulation
1.482-2(b)(3).)
3.	Is 20% or more of the corporation’s long-term
debt owed to or guaranteed by other affiliates or
is 20% or more of any other affiliate’s long-term
debt owed to or guaranteed by the corporation?
4.	Does the corporation use patents, trademarks,
service marks, logos, trade secrets, copyrights
or other proprietary materials owned by other
affiliates?
5.	Are 50% or more of the members of the
corporation’s board of directors also members
of the board of directors or corporate officers of
other affiliates?
6.	Are 25% or more of the corporation’s 20 highest
ranking officers also members of the board of
directors or corporate officers of other affiliates?
Section E
Mark the checkbox in Section E if the corporation is included
in a combined report. Corporations included in a combined
report must have answered yes to three or more of the
intercompany business relationships referred to in Section D.
Sections F
For each subsidiary, enter the number (as designated on
the Schedule C) of the corporation that directly owns the
subsidiary.
Sections G through I
For each subsidiary listed, mark the checkbox to
indicate whether or not there was a change in ownership
percentage, the ownership percentage at the close of the
taxable period and the principle business activity.

DR 0112 Schedule C (06/16/23)
COLORADO DEPARTMENT OF REVENUE
Tax.Colorado.gov
Page 1 of 3

*230112C=19999*

Schedule C — Colorado Affiliations Schedule

Do not submit federal return, forms or schedules when filing this return.
Parent
A. Name of Corporation
1.	

B. Colorado Account Number

Address of Corporation

City

State

C. FEIN

ZIP

D. Intercompany Business Relationships (See Instructions)
1.

Yes

No

2.

Yes

No

5.

Yes

No

6.

Yes

No

3.

Yes

No

4.

Yes

No

	

E. Mark if corporation is included in combined return
F. Principal business activity

Subsidiary Corporations
A. Name of Corporation
2.	

B. Colorado Account Number

Address of Corporation

City

State

C. FEIN

ZIP

D. Intercompany Business Relationships (See Instructions)
1.

Yes

No

2.

Yes

No

5.

Yes

No

6.

Yes

No

E. Mark if corporation is included in combined return
G. Change in ownership % during taxable period

3.

Yes

No

4.

Yes

No

F. Owned by corporation number

	

H. % of ownership close of taxable period
Yes

No

I. Principal business activity

Submit additional pages as needed

DR 0112 Schedule C (06/16/23)
COLORADO DEPARTMENT OF REVENUE
Tax.Colorado.gov
Page 2 of 3

*230112C=29999*
Parent Company Name

3.	

Parent Company Account Number

A. Name of Corporation

B. Colorado Account Number

Address of Corporation

City

State

C. FEIN

ZIP

D. Intercompany Business Relationships (See Instructions)
1.

Yes

No

2.

Yes

No

5.

Yes

No

6.

Yes

No

3.

No

4.

Yes

No

F. Owned by corporation number

	

E. Mark if corporation is included in combined return

Yes

H. % of ownership close of taxable period

G. Change in ownership % during taxable period

Yes

No

I. Principal business activity

4.	

A. Name of Corporation

B. Colorado Account Number

Address of Corporation

City

State

C. FEIN

ZIP

D. Intercompany Business Relationships (See Instructions)
1.

Yes

No

2.

Yes

No

5.

Yes

No

6.

Yes

No

E. Mark if corporation is included in combined return
G. Change in ownership % during taxable period

3.

Yes

No

4.

Yes

No

F. Owned by corporation number

	

H. % of ownership close of taxable period
Yes

No

I. Principal business activity

Submit additional pages as needed

DR 0112 Schedule C (06/16/23)
COLORADO DEPARTMENT OF REVENUE
Tax.Colorado.gov
Page 3 of 3

*230112C=39999*
Parent Company Name

5.	

Parent Company Account Number

A. Name of Corporation

B. Colorado Account Number

Address of Corporation

City

State

C. FEIN

ZIP

D. Intercompany Business Relationships (See Instructions)
1.

Yes

No

2.

Yes

No

5.

Yes

No

6.

Yes

No

3.

No

4.

Yes

No

F. Owned by corporation number

	

E. Mark if corporation is included in combined return

Yes

H. % of ownership close of taxable period

G. Change in ownership % during taxable period

Yes

No

I. Principal business activity

6.	

A. Name of Corporation

B. Colorado Account Number

Address of Corporation

City

State

C. FEIN

ZIP

D. Intercompany Business Relationships (See Instructions)
1.

Yes

No

2.

Yes

No

5.

Yes

No

6.

Yes

No

E. Mark if corporation is included in combined return
G. Change in ownership % during taxable period

3.

Yes

No

4.

Yes

No

F. Owned by corporation number

	

H. % of ownership close of taxable period
Yes

No

I. Principal business activity

Submit additional pages as needed

Instructions for the DR 0112CR
Old and New Investment Tax Credits
The “old” and the “new” investment tax credits were allowed
under sections 39-22-507.5 and 507.6, C.R.S., respectively, for
tax years beginning prior to January 1, 2023. Prior-year “old”
investment tax credits may be carried forward up to 3 years.
Prior-year “new” investment tax credits may be carried forward
up to three years. Claim enterprise zone investment tax credits
on DR 1366. See the department publication Corporate Income
Tax Guide if this applies to you.
Crop and Livestock Contribution Credit
For tax years beginning prior to January 1, 2023, a tax credit
was available for qualifying donations of crops or livestock. Use
this line to report carryforward of prior-year credits, but do not
claim any new credits. See § 39-22-301(3), C.R.S.
Child Care Contribution Credit
A 50% credit is available for qualifying contributions made to
promote child care in Colorado. See publication FYI Income 35
if this applies to you.
Child Care Center/Family Care Home Investment Credit
A 20% investment credit is available for certain tangible
personal property used in the operation of a child care center, a
family child care home, or a foster care home. See publication
FYI Income 7 if this applies to you.
Note! There are two credits that are available for the
preservation of historic properties and structures. Each credit
has a different certification process and is subject to different
limitations and qualification requirements.
The Historic Property Preservation credit (§39-22514, C.R.S.) The carryforward of prior year historic
property preservation credit must be claimed on line 5 of
the DR 0112CR. A credit of 20% of the cost of restoring
certified historic property in Colorado is available. For more
information on this credit, review FYI Income 1.
The Preservation of Historic Structures credit (§39-22514.5, C.R.S.) must be claimed on lines 17 through 19 of
the DR 0112CR. For more information on this credit, review
resources available online from the Colorado Office of
Economic Development or from History Colorado.
Employer Child Care Facility Investment Credit
A 10% investment credit is available for employer sponsored
child care facility investment. See publication FYI Income 7 if
this applies to you.
School-to-Career Investment Credit
A credit of 10% of the current year investment in a qualified
school-to-career program is available. See publication FYI
Income 32 if this applies to you.
Colorado Works Program Credit
A credit of 20% of an employer’s expenditures to employ
recipients of public assistance is available. See publication FYI
Income 34 if this applies to you.

Page 25

Contaminated Land Redevelopment Credit
A credit is available for expenditures made to redevelop
contaminated land in Colorado. See publication FYI Income
42 if this applies to you.
Aircraft Manufacturer New Employee Credit
For tax years beginning prior to January 1, 2023, a credit
was allowed to qualified aircraft manufacturers located
in an aviation development zone. Use this line to report
carryforward of prior-year credits, but do not claim any new
credits.
Job Growth Incentive Credit
Credits are approved and certified by the Colorado
Economic Development Commission. A credit certificate
issued by the Commission must be submitted with any return
claiming this credit. Visit choosecolorado.com for more
information about qualifying.
Credit for Employer Paid Leave of Absence for Live
Organ Donation
An income tax credit is available for employers who
incurred expenses during the tax year by paying an
employee during his or her leave of absence period (not
to exceed ten working days or the hourly equivalent of ten
working days per employee) for live organ donation and
for the cost of temporary replacement help, if any, during
an employee’s leave of absence period. The amount of
credit allowed is 35% of eligible expenses, as defined in
statute.(§39-22-540, C.R.S.). You may not claim a tax credit
related to a leave of absence period for an employee who
you pay $80,000 or more in wages during the income tax
year. Review the instructions on form DR 0375 for more
information. You must submit the DR 0375 with your return.
Nonrefundable Residential Energy Storage Systems
Credit. A nonrefundable income tax credit is available for
building owners who install qualifying residential energy
storage systems into residential buildings in Colorado and
who do not assign the credit to the seller. The amount
of the credit that exceeds the building owner’s income
tax due is not refunded and may not be carried forward
to any future years’ income tax due. The amount of the
credit is the amount calculated on Line 3 of the Residential
Energy Storage System Credit Eligibility Certification and
Assignment Election (DR 1307).
Nonrefundable Heat Pump Credit. A nonrefundable
income tax credit is available for building owners who
install certain types of heat pump systems or heat pump
water heaters into residential or commercial buildings in
Colorado and who do not assign the credit to the contractor
or other seller. The amount of the credit that exceeds the
building owner’s income tax due is not refunded and may
not be carried forward to any future years’ income tax due.
The amount of the credit is the amount calculated on Line
5b. of the Heat Pump System or Heat Pump Water Heater
Eligibility Certification and Assignment Election (DR 1322).

Certain credits require supplemental documentation or they might be denied. We strongly suggest that you submit your
documentation using the E-Filer Attachment option through Revenue Online. Otherwise, use form DR 1778, supported
e-file software, or include with your paper return. Guidance publications are available in the Tax Policy and Research
section at Tax.Colorado.gov

*230112CR19999*

DR 0112CR (09/29/23)
COLORADO DEPARTMENT OF REVENUE
Tax.Colorado.gov
Page 1 of 2

2023 Credit Schedule for Corporations

Submit the DR 0112CR with your tax return
•	 Use this schedule to determine which tax credits
you are eligible to claim.
•	 Be sure to submit the required supporting
documentation for each credit claimed,
including supporting schedules.
•	 Most e-file software products and tax preparers
have the ability to submit attachments electronically.

If you do not attach the documents electronically,
fill out and submit the DR 1778 with your return
and include all required supporting documentation.
Revenue Online can also be used to file your return
and attachments electronically. Otherwise, include
ALL required documents to your paper return.
•	 Dollar amounts shall be rounded to the nearest whole
dollar. Calculate percentages to the fourth decimal
place. Round to four significant digits, e.g. xxx.xxxx

Name of Corporation

Colorado Account Number

Partnership or S Corporation Name

Ownership %

Entity Account Number

Enter in Column (A) the total credit generated in 2023 and any carryforward credit that is available from a prior year. Enter
in Column (B) the portion of the credit in Column (A) that is being used to offset tax in 2023. If Column (A) is larger than
Column (B), the credit can generally be carried forward to future years.
1.	 Tax liability from the DR 0112 line 18	

	1
Credit Available
(Column (A))

2.	 Carry forward of prior year New investment tax credit.

	

2

3.	 C
 arry forward of prior year Old investment tax credit
4.	 Carry forward of prior year Crop and livestock
contribution credit.

	

3

	

4

	

5

	

6

	

7

	

8

	

9

	

10

	

11

	

12

5.	 C
 arry forward of prior year Historic property preservation
credit (per §39-22-514, C.R.S.).
6.	 Child Care Contribution credit, you must submit the DR 1317
with your return.
7.	 Child care center/family care home investment credit, you
must submit a copy of your facility license and a list of
depreciable tangible personal property with your return.
8.	 Employer child care facility investment credit, you
must submit a copy of your facility license and a list of
depreciable tangible personal property with your return.
9.	 School-to-Career investment credit, you must submit your
certification letter with your return.
10.	Colorado works program credit, you must submit a copy
of the letter from the county Department of Social/Human
Services with your return.
11.	Contaminated land redevelopment credit from line 10 of form
DR 0349, you must submit the DR 0349 with your return.
12.	Carry forward of prior year Aircraft Manufacturer New
Employee Credit.

Credit Used
(Column (B))

*230112CR29999*

DR 0112CR (09/29/23)
COLORADO DEPARTMENT OF REVENUE
Tax.Colorado.gov
Page 2 of 2

Name

Account Number

Credit Available
(Column (A))

Credit Used
(Column (B))

13.	Colorado Job growth incentive credit, you must submit
certification from the OEDIT with your return.
	 13
14.	Certified Colorado Disability Funding Committee License
Fee credit, you must submit a copy of the certification with
your return.
	 14
15.	Affordable housing credit, you must submit the CHFA
certification with your return.
	 15
16.	Carry forward of prior year Credit for food contributed to
hunger-relief charitable organizations
	 16
17.	Preservation of Historic Structures credit (per §39-22514.5, C.R.S.) carried forward from a prior year.
	 17
18.	Preservation of Historic Structures credit (per §39-22-514.5,
C.R.S.), you must submit the certificate from OEDIT, History
Colorado, or local granting authority with your return.
	 18
19.	If you are claiming the Preservation of Historic Structures
credit, enter your credit certificate number issued by
OEDIT, History Colorado, or local granting authority.
	 19
20.	Rural Jump Start Zone credit, you must submit certificate
from Office of Economic Development AND the
DR 0113 with your return
	 20
21.	Credit for employer contributions to employee 529 plan,
you must submit DR 0289 with your return.
	 21
22.	Credit for employer paid leave of absence for live organ
donation. Employer must complete and submit form
DR 0375 with their return.
	 22
23.	Homeless Contribution Credit, you must submit
certificate (to substantiate your contribution).
	 23
24.	Nonrefundable Heat Pump Credit from line 5b of DR 1322,
which you must submit with your return.
	 24
25.	Nonrefundable Residential Energy Storage Systems
Credit from line 3 of DR 1307, which you must submit
with your return.
	 25
26.	Total nonrefundable credits, add both columns from lines 2
through 25, exclude the certificate number on lines 19. Enter
here and transfer column B to the DR 0112 line 19.
	 26
Limitation: The total credits entered on line 26B on this DR 0112CR may not exceed the tax on line 1.

STATE OF COLORADO
DEPARTMENT OF REVENUE

Official State of
Colorado Publication

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