Wages and Salaries Corporate Income Tax Modification
39-22-304(3)(i)
Wages and salaries that cannot be deducted on the federal level because of the limitations of section 280C of IRC can be subtracted from federal taxable income reported to the State of Colorado. Wages and salaries that qualify for this subtraction include those for which the following federal credit(s) was taken on the federal return:
a) 	The Indian Employment Credit under section 45A(a),
b) 	The Work Opportunity Credit under section 51(a),
c) 	The Empowerment Zone Employment Credit under section 1396(a).
d) 	The Orphan Drug Credit under section 45C(a).
e) 	The Research Expense Credit under section 41(a).
f) 	The Employee Retention Credit under Section 1400R
g) 	The Welfare-To-Work Credit under Section 51A
h) 	The Mine Rescue Team Training Credit under Section 45N
The Employer Social Security Credit (FICA Tip Credit) under section 45B of the IRC is not referenced in section 280C of the Internal Revenue Code and, therefore, cannot be subtracted from federal taxable income on the Colorado income tax return.