C.R.S. Section 39-23.5-103
Tax on transfer of gross estate of domiciliaries

amount
credit
property of a domiciliary defined

(1)

A tax in the amount of the federal credit is imposed on the transfer of the gross estate of every domiciliary. For Colorado estate tax purposes, no credit for taxes is allowable in determining such federal credit other than the unified credit.

(2)

If any property of a domiciliary is subject to a death tax imposed by another state or states for which a credit is allowable under section 2011 of the internal revenue code, the amount of the tax due under this article shall be reduced by the lesser of:

(a)

The amount of the death tax paid the other state which is allowed as a credit against the federal estate tax; or

(b)

An amount determined by multiplying the federal credit by a fraction, the numerator of which is the value of the domiciliary’s gross estate less the value of the property of a domiciliary, as defined in subsection (3) of this section, that is included in the domiciliary’s gross estate and the denominator of which is the value of the domiciliary’s gross estate.

(3)

Property of a domiciliary includes real property held in trust or otherwise that is not situated in some other state; tangible personal property except that which has an actual situs in some other state; and all intangible personal property, wherever the notes, bonds, stock certificates, or other evidence, if any, thereof may be physically located or wherever the banks or other debtors thereof may be located or domiciled; except that real property in a personal trust shall not be taxed if such real property has an actual situs in some other state.

Source: Section 39-23.5-103 — Tax on transfer of gross estate of domiciliaries - amount - credit - property of a domiciliary defined, https://leg.colorado.gov/sites/default/files/images/olls/crs2023-title-39.pdf (accessed Dec. 24, 2024).

39–23.5–101
Short title 39–23.5–102
Definitions 39–23.5–103
Tax on transfer of gross estate of domiciliaries - amount - credit - property of a domiciliary defined 39–23.5–104
Tax on transfer of gross estate of nondomiciliaries - amount - property of a nondomiciliary defined 39–23.5–105
Tax upon transfer of gross estate of aliens - amount - property of alien defined 39–23.5–106
Tax on generation-skipping transfer - amount - property included in generation-skipping transfer 39–23.5–107
Tax returns - date to be filed - extension 39–23.5–108
Payment date - extension - installment 39–23.5–109
Interest 39–23.5–110
Penalty 39–23.5–111
Amended returns - final determination 39–23.5–112
Refund for overpayment 39–23.5–113
Criminal acts relating to returns 39–23.5–114
Liability for payment 39–23.5–115
Administration by department - action for collection of tax - appeals - limitations 39–23.5–116
Deposit of moneys collected - legislative finding 39–23.5–117
Estate tax - effective date - applicability

California:	Codes
Colorado:	C.R.S.
Nevada:	NRS
New York:	Laws
Oregon:	OAR, ORS
Texas:	Statutes
World:	Rome Statute, International Dictionary

C.R.S. Section 39-23.5-103 Tax on transfer of gross estate of domiciliaries

(1)

(2)

(a)

(b)

(3)

C.R.S. Section 39-23.5-103
Tax on transfer of gross estate of domiciliaries