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DALLAS, June 12, 2018 / Prexly / -- Colorado corporate income taxes will incorporate a new method of sourcing sales of services, following a trend of states abandoning the cost of performance approach. The enactment of HB 18-1185 changes the procedure of sourcing services to a market-based approach, effective for tax years beginning on or after January 1, 2019. Historically, most states used the cost of performance method to source sales of services to the location where the income-producing activity is performed. The details of this method vary among the states as to the definition of an income-producing activity and, as well, as to what costs should be included,