The Department of Revenue is processing 2023 income tax returns. For more information, please read the Department's announcement.


SALT Parity Act Election

About SALT Parity Act Election


The SALT Parity Act (SB 22-124) allows partnerships and S corporations to make an annual election that will be subject to Colorado income tax at the entity level. The election made by the partnerships or S corporation is irrevocable and binding on all of its partners or shareholders, except the election does not apply to any partner that is a unitary C corporation with an electing partnership. 

The process for making the election differs depending on the tax year.

Please check our website regularly for the most recent SALT Parity Act Information. For additional training resources, visit our Tax Education & Training web page.