Tax Credit Resources

The table below provides links to the Application, FYI Publication, Regulation, Statute and Process for each EZ incentive.

Tax Credit Overview Table

  

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

Job Training Tax Credit
10% of qualified training expenses
Application:  Online
FYI:  FYI Income 31
Regulation:  Reg. 39-30-104(4)
Statute:  C.R.S. 39-30-104(4)
Process:  Business Tax Credit Process

Jobs Credit
$500 per new job
Application:  Online
FYI:  FYI Income 10
Regulation:  Reg. 39-30-105
Statute:  C.R.S. 39-30-105
Process:  Business Tax Credit Process

Agricultural Processing Jobs Credit
$1,000 total per new a.p. job
Application:  Online
FYI:  FYI Income 10
Regulation:  Reg. 39-30-105
Statute:  C.R.S. 39-30-105
Process:  Business Tax Credit Process

Health Insurance Credit
$200 per insured job for first 2 years in EZ
Application:  Online
Statute:  C.R.S. 39-30-105
Regulation:  Reg. 39-30-105
FYI:  FYI Income 10
Process:  Business Tax Credit Process

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

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

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:  Reg. 39-30-106
Statute:  C.R.S. 39-30-106
Process:  No Pre-cert. or Certification needed.  See form.

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

Contribution Tax Credit
1.5% of comm. vehicle purchases
Application:  DR0075 form provided by project. See list here.
FYI:  FYI Income 23
Regulation:  Reg. 39-30-103.5
Statute:  C.R.S. 39-30-103.5
Process:  Contribution Tax Credit Process

 

Process for Certifying

Business Tax Credits (not including Commercial Vehicle)
Investment Tax Credit, Job Training Tax Credit, Jobs Credit, Agricultural Processing Jobs Credit, Health Insurance Credit, Research and Development Credit, Vacant Building Credit

  1. A business must get Pre-certified before any activity is performed to earn a credit.  Click here to get Pre-Certified or Certified.
  2. A business must perform an activity to earn a credit after Pre-certification approval.
  3. Typically at the end of the income tax year, a business must get Certified summarizing all activities that were performed during the income tax year that earned a credit.  Click here to get Pre-Certified or Certified.

Commercial Vehicle Investment Tax Credit

  1. A business must get Pre-certified before purchasing a commercial vehicle.  Click here to get Pre-Certified online or submit the Commercial Vehicle Pre-certification Paper Form to your local EZ Administrator.
  2. A business must purchase a qualifying commercial vehicle after Pre-certification approval.
  3. A business can complete the Commercial Vehicle Application via paper form and submit to OEDIT following the instructions on the application.

Contribution Tax Credit

  1. Taxpayers (individual or business) must make a donation to an approved Enterprise Zone Contribution Project.  See list here.
  2. The project will provide the taxpayer with a DR0075 form for their donation.
  3. Taxpayer can claim the tax credit on their state income tax filing.

 

Fact Sheets

Enterprise Zone Fact Sheet

Enhanced Rural Enterprise Zone Fact Sheet

Enterprise Zone CVITC Fact Sheet and Application