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.

 

Tax Credits

 

  • 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.

 

Eligible Projects

All proposed projects are reviewed and approved by the Colorado Economic Development Commission.

 

Contribution Project Categories include:

 

Homelessness

Business assistance

Job training

Infrastructure

Marketing

Rural health care facilities

Community Development Projects

 

Please contact us for more information.