Enterprise Zone State Income Tax Credits

Companies that locate or expand within the physical boundaries of the EZ are eligible to earn a variety of state income tax credits based on each company’s specific activities primarily related to equipment investment, job creation/training, research, and development activities.

EZ State Income Tax Credit Summary:

• Investment Tax Credit- 3% of Eligible Equipment Purchases
• Commercial Vehicle Investment Tax Credit- 1.5% of Eligible Commercial Vehicle Purchases
• Job Training Tax Credit- 12% of Qualified Training Expenses
• New Business Facility Tax Credits
• Jobs Tax Credit- $1,100 per Eligible New Job Created
• Ag Processing Jobs Credit- $500 additional per Eligible New Job Created
• Health Insurance Credit- $1,000 additional per Eligible New Job Created (first 2 years)
• Research & Development Tax Credit- 3% of Increased R&D Expenditures
• Vacant Building Rehabilitation Tax Credit- 25% of Rehab Expenditures (hard costs)
• Manufacturing & Mining Sales/Use Tax- Expanded S&U Tax Exemption in EZ
• Approved Contribution Projects 25% of cash contribution /12.5% of approved in-kind contribution

For more information about these specific incentives, visit Upstate Colorado Or contact Cassidy Stubblefield at 970-356-4565 or by email CStubblefield@upstatecolorado.org