Is your business taking advantage of the Colorado Enterprise Zone Program?

You could be missing out on Colorado income tax credits for your business. The Enterprise Zone Program encourages job creation and capital investment in economically depressed areas by providing tax credits to businesses and projects to promote and encourage economic development activities.

Did you know your business …

• Could receive a 3% Investment Tax credit on equipment purchases.
• Could get job training tax credits of 10% on qualified training expenses.
• May be eligible for Research & Development Increase Tax Credits of 3% on expenditures.
• With a New Business facility (NBF) designation, could receive…
• Jobs credits - $500 per new job.
• Ag Processing Jobs Credits $500 per new job (job credit + ad processing job credit = $1000)
• Health Insurance Credits - $200 x 2 years ($400) additional per new job.
• Could see 25% of rehab expenditures (hard costs) credited under the Vacant Building Rehabilitation Tax Credit.
• As a manufacturing or mining business, the Manufacturing and Mining Sales and Use Tax form can exempt you from sales tax, if filled out prior to purchase and given to your vendor.
• If located in Lake, Custer or Fremont Counties, it could mean LARGER tax credits under the Colorado Enhanced Rural Enterprise Zone Program (EREZ).

PLEASE NOTE: A legislative change requiring “pre-certification” for tax credit eligible expenses and added employees becomes effective January 1, 2012. See “pre-certification” at www.advancecolorado.com/ez