For tax years beginning on or after January 1, 2022 but before January 1, 2026, a partnership or S corporation may make the election by checking the applicable box on its Colorado partnerships and S corporation Composite Nonresident Income Tax Return (DR 0106).
About the Colorado partnerships and S corporation Composite Nonresident Income Tax Return
- A partnership or S corporation that wishes to make the election before filing their return may do so by filing the SALT Parity Act Election Form (DR 1705). The election can also be made with an estimated payment by checking the appropriate box on the estimated tax payment form (DR 0106EP).
- Forms and instructions are available on the Business Income Tax Forms web page.