Enterprise Zone State Income Tax Credits

Businesses operating within the boundaries of the EZ map can receive various state income tax credits for equipment investment, new employees, job training, R&D, vacant building rehab, and more. To qualify, businesses must obtain a pre-certification each year prior to engaging in an activity they intend to claim a credit on.

EZ State Income Tax Credit Summary

• Investment Tax Credits:

  • Equipment Credit- 3% of eligible equipment purchases

  • Commercial Vehicle Credit- 1.5% of eligible commercial vehicle purchases

• Business Facility New Employee Credits

  • New Employee Credit- $1,100 per eligible new employee hired

  • Ag Processing Credit- $500 additional per eligible employee hired

  • Health Insurance Credit- $1,000 additional per eligible employee hired first 2 years in EZ

• Job Training Investment Tax Credit- 12% of qualified training expenses

• R&D Activities Tax Credit- 3% of increased R&D expenditures

• Jobs Tax Credit- $1,100 per Eligible New Job Created

• Vacant Building Rehab Tax Credit- 25% of eligible rehab expenditures (hard costs)

• Approved Contribution Project Credit- 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 CStubblefield@upstatecolorado.org