Freight Rail Tax Credit
Colorado Office of Economic Development and International Trade
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- Posted
- Jan 23, 2026
- Amount
- $5,000,000
- Closes
- Jan 1, 2031 (in 1545 days)
- Last verified
- Feb 20, 2026
Amount
$5,000,000
Who can apply
Business
About this opportunity
The Freight Rail Tax Credit gives tax relief to businesses that use freight rail lines that might otherwise close down due to decreased coal production. This program was created by Senate Bill 24-190, and codified under Colorado Revised Statute 39-22-563. The Colorado Office of Economic Development & International Trade (OEDIT) manages this program, in consultation with the Office of Just Transition (OJT) and the Colorado Department of Transportation (CDOT). The goal of the Freight Rail Tax Credit is to incentivize businesses to use specific rail lines in Coal Transition communities in Colorado. Program Benefits: Businesses can get back up to 75% of their eligible costs (Qualified Expenditures) through this state income tax credit. A business must use the tax credit for the same tax year t...