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Colorado Other Enterprise Zone Credits

Article ID: 33752 Print
Question
What Are The Tax Incentives/Credits Available In The Enterprise Zones?

Answer
 

Tax Credit Overview Table

 

Investment Tax Credit (ITC)
3% of equipment purchases
Application:  Online
FYI:  FYI Income 11
Regulations:  EZ Regulations
Statute:  C.R.S. 39-30-104

Job Training Tax Credit
12% of qualified training expenses (new rate 1/1/2014)
Application:  Online
FYI:  FYI Income 31
Regulation:  EZ Regulations
Statute:  C.R.S. 39-30-104(4)

New Employee Credit
$1,100 per new job (new 1/1/2014)
Application:  Online
FYI:  FYI Income 10
Regulation:  EZ Regulations
Statute:  C.R.S. 39-30-105.1

Agricultural Processor New Employee Credit
$500 total per new a.p. job (new 1/1/2014)
Application:  Online
FYI:  FYI Income 10
Regulation:  EZ Regulations
Statute:  C.R.S. 39-30-105.1

Employer Sponsored Health Insurance Credit
$1,000 per insured job (new 1/1/2014)
available for first 2 years in EZ
Application:  Online
FYI:  FYI Income 10
Regulation:  EZ Regulations
Statute:  C.R.S. 39-30-105.1

R&D Increase Tax Credit              
3% of increased R&D expenditures
Application:  Online
FYI:  FYI Income 22
Regulation:  EZ Regulations
Statute:  C.R.S. 39-30-105.5

Vacant Building Rehabilitation Tax Credit
25% of rehabilitation expenditures
Application:  Online
FYI:  FYI Income 24
Regulation:  EZ Regulations
Statute:  C.R.S. 39-30-105.6

Manufacturing/Mining Sales & Use Tax Exemption
Expanded S&U tax exemption in EZ
Application:  Form DR1191 or for 100+ Form DR1192
FYI:  FYI Sales 10 (statewide details)
FYI:  FYI Sales 69 (in EZ details)
Regulation:  EZ Regulations
Statute:  C.R.S. 39-30-106
Process:  No Pre-cert. or Certification needed

Commercial Vehicle Investment Tax Credit
1.5% of comm. vehicle purchases
Application:  CVITC Application
FYI:  FYI Income 11
Regulation:  EZ Regulations
Statute:  C.R.S. 39-30-104
Process:  Commercial Vehicle Tax Credit Process

Contribution Tax Credit
25% of Cash Contribution, 12.5% of In-Kind
Application:  DR0075 form provided by project. See list here
FYI:  FYI Income 23
Regulation:  EZ Regulations
Statute:  C.R.S. 39-30-103.5
Process:  Contribution Tax Credit Process

 


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Article Details
Views: 673 Created on: Jun 15, 2013
Date updated: Sep 09, 2015
Posted in: STATES, Colorado

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