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INCOME 20 (03/05)
United States Government Interest
2.
Income from GSA Public Building
Trust Participation Certificates: First
Series, Series A through E; Second
Series, Series F; Third Series, Series
G; Fourth Series, Series H and I.
3.
Bank for Cooperatives: income from
notes, debentures, and other obliga-
tions issued by Banks for Coopera-
tives.
4.
Commodity Credit Corporation:
income derived from bonds, notes,
debentures, and other similar obliga-
tions issued by Commodity Credit
Corporation.
5.
Farm Credit System Financial
Assistance Corporation (Financial
Assistance Corporation): income from
notes, bonds, debentures, and other
obligations issued by the Financial
Assistance Corporation.
6.
Federal Deposit Insurance Corpora-
tion: interest derived from notes,
debentures, bonds, or other such
obligations issued by Federal Deposit
Insurance Corporation.
7.
Federal Farm Credit Banks: income
from consolidated systemwide notes,
bonds, debentures, and such obliga-
tions issued jointly and severally
under 12 USCA Section 2153 by
banks of the Federal Farm Credit
System.
8.
Federal Home Loan Banks: interest
derived from notes, debentures,
bonds, and other obligations issued
by Federal Home Loan Banks and
from consolidated Federal Home
Loan bonds and debentures.
Interest income from United States
government obligations is taxable by the
federal government. Interest from U.S.
government obligations is generally
exempt from Colorado income tax.
NOTE: A taxpayer receiving interest
from a mutual fund which includes
obligations that are exempt from Colo-
rado income tax and obligations that are
taxable may exclude only the interest
from the exempt obligations. (Examples
of interest and/or dividend income that is
taxable for Colorado income tax purposes
are listed in this FYI.)
EXAMPLE: A taxpayer has a mutual
fund in which 90 percent of the interest
received is from U.S. Treasury bills (an
exempt obligation under Colorado law).
The rest of the interest received from this
mutual fund is from the Government
Na