A taxpayer may claim a credit for monetary or in-kind contributions they make to an enterprise zone administrator or to a program, project, or organization certified by the enterprise zone administrator for the purpose of implementing the economic development plan of the enterprise zone.
Information about taxpayer contributions and their effect on Colorado income tax liabilities may be subject to release to the public.
TAXPAYERS ELIGIBLE FOR THE CREDIT
All taxpayers, including resident and nonresident individuals, estates, trusts, partnerships, and corporations can claim the credit for qualifying contributions they make.
QUALIFYING CONTRIBUTIONS Only contributions made to an enterprise zone administrator or to a program, project, or organization certified by an enterprise zone administrator qualify for the enterprise zone contribution credit. A list of enterprise zone administrators can be found at choosecolorado.com/doing-business/incentives-financing/ez/administrators/. A list of certified programs, projects, and organizations can be found at: choosecolorado.com/doing-business/incentivesfinancing/ez/enterprise-zone-contribution-projects/. A taxpayer cannot claim a credit for any contribution from which they directly benefit.