Industrial Tax Credit
Colorado Energy Office
Who can apply
Manufacturing facilities of all sizes in Colorado that are considering decarbonization solutions to offset greenhouse gas emissions, improve operational efficiency, incorporate more sustainable equipment and save money. CITCO Applicant eligibility includes: An “Industrial Facility” subject to taxation within the State of Colorado defined as: Any real property where the principal trade or business activity is the mechanical or chemical transformation of organic or inorganic substances into new products, characteristically using power-driven machines and materials handling equipment.Further explanation of an “industrial facility” can be found under C.R.S § 39-22-551.Further definition & criteria for eligible Colorado taxpayers can be found under C.R.S § 39-22.Industrial and manufacturing com
About this opportunity
Type: Refundable Tax CreditFor: Industrial FacilitiesAmount: $168 million total; up to $8 million per eligible projectMatch: VariesProgram length: Until all tax credits are reserved, or through 2032Application cycles: Currently accepting applications until June 30, 2026 at 5:00 PM MT. Applications open semi-annually around April 1 and October 1, closing on June 30 and December 31, respectively, each year. See the How it Works section for more information. When businesses invest to reduce greenhouse gas emissions now, they’re helping create a sustainable and prosperous Colorado. To make the choice simpler, the Colorado Energy Office (CEO) offers the Colorado Industrial Tax Credit Offering (CITCO) – $168 million in refundable tax credits for industrial facilities to explore and implement gre...