EZ CONTRIBUTION TAX CREDITS
The purpose of the Enterprise Zone (EZ) contribution tax credit program is to encourage taxpayers to assist the local EZ by donating to approved governmental and non-profit partners (Contribution Projects) that encourage economic development in the Enterprise Zone.
Donors to EZ Contribution Projects can receive significant income tax benefits.
A taxpayer who makes a monetary contribution to an EZ Project is entitled to a Colorado Income Tax credit of 25% of the value of the contribution up to a maximum credit of $100,000.
In-kind contributions are eligible for a 12.5% in-kind credit. In-kind contributions (e.g.) employee labor, materials, furniture, computer equipment or stock.
All proposed projects are reviewed and approved by the Colorado Economic Development Commission.
Contribution Project Categories include:
Rural health care facilities
Community Development Projects
Please contact us for more information.