A state funded program that was created to promote a business friendly environment in economically distressed areas by offering state income tax credits that incentivize businesses to locate and develop in, and non-profit organizations to assist with the needs of these communities.
Enterprise Zone tax credits can have a significant impact, from $1,000 to $750,000. The following incentives can be earned by business located in the Enterprise Zone.
Each income tax year, a business located in the Colorado Enterprise Zone must apply and must be pre-certified prior to beginning an activity to earn any of the business tax credits listed. At the end of the income tax year, a business must certify that the activities were performed. Pre-certification and certification are easily applied for online and are required annually.
Enter your address to find out if your business is located in the Enterprise Zone and qualifies for these tax credits.
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