About this archived opportunity

The Enterprise Zone Investment Tax Credit encourages enterprise zone businesses to invest in business personal property. Businesses can earn a state income tax credit of 3% of the value of the qualified investment. The amount of the tax credit that can be claimed in any tax year is limited. The tax credit may be carried forward up to 14 years. For investments in property that generates electricity from renewable resources, the taxpayer has an option to take the credit as a refund at 80% of the credit’s value. This option expires on December 31, 2020 - a project needs to be placed in service by this date for the option to take the credit as a refund. The Colorado legislature created the Enterprise Zone (EZ) Program to encourage development in economically distressed areas of the state. The 16 designated enterprise zones have high unemployment rates, low per capita income, or slow population growth. Local enterprise zone administrators manage their respective enterprise zones. We recommend reviewing the Enterprise Zone Income Tax Credit Guide on the Colorado Department of Revenue's website for the complete eligibility requirements. Type: Tax credit For: Businesses located in enterprise zones Amount: 3% of qualified investment in business personal property Application deadline: December 31 OEDIT division: Business Funding and Incentives To use this map, type in your address in the top left-hand corner. You may need to scroll out to identify whether or not you are located within an enterprise zone. If your location is highlighted in a color, you are located in an enterprise zone. If your location is in a checkered colored area, it is located in an enhanced rural enterprise zone. Both new and existing businesses located in enterprise zones may qualify for the credit. For businesses that open in the middle of a tax year, you will need to prorate the credit based on the number of full calendar months during the year that the business operated in the zone. Businesses need t