Jefferson County EDC

Enterprise Zone

The Colorado 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. The program was created in 1986 and is based on areas in Colorado that have high unemployment rates and low per capita income.

**During the 2010 Legislative Session, there were several bills that were passed resulting in significant changes to Enterprise Zone Tax Credits and the process by which Enterprise Zone tax forms are certified. For more information on these bills, please visit the State’s Enterprise Zone Legislation page**

Jefferson County has 6 designated Enterprise Zones that are administered by the Jefferson County Economic Development Corporation.

Overview
Below is a brief overview of the EZ tax credits available.

TAX CREDIT	CREDIT AMOUNT	FORM	FYI
Investment Tax Credit (ITC)	3% of equipment purchases	DR0074	FYI Income 11
Job Training Tax Credit	10% of qualified training expenses	DR0074	FYI Income 31
New Business Facility (NBF) Tax Credits	Business most qualify as a NBF	--	--
Jobs Credit	$500/new job	DR0074	FYI Income 10
Ag Processing Jobs Credit	$1,000/job	DR0074	FYI Income 10
Health Insurance Credit	$200 x 2 years/employee	DR0074	FYI Income 10
R&D Increase Tax Credit	3% of increased R&D expenditures	DR0077	FYI Income 22
Vacant Building Rehabilitation Tax Credit	25% of rehabilitation expenditures	DR0076	FYI Income 24
Manufacturing / Mining Sales and Use Tax	Expanded sales & use tax exemption in EZ	DR1191	FYI Sales 10 & FYI Sales 69
Contributions to Enterprise Zone Projects	25% cash / 12.5% in-kind of donation	DR0075*	FYI Income 23

*EZ Contribution Project will provide contributor w/ the DR0075 form.

Supported by the Enterprise Zone Marketing Grant.