There are 23 Enterprise Zone Contribution Projects currently designated in Southwest Colorado. The Enterprise Zone Contribution Tax Credit provides a tax credit to Colorado taxpayers that contribute to State approved Enterprise Zone Contribution Projects. When taxpayers make a certified contribution, they can claim:

• 25% of a cash donation as a state income tax credit
• 12.5% of an in-kind donation as a state income tax credit

For contributions to be eligible for Tax Credits:

• Donations must be made to an approved EZ project. Click here for a list of current approved projects to donate today. The contribution list is updated quarterly, or as new Enterprise Zone Contribution Projects are approved..
• Donation must meet the minimum dollar amount set by the Enterprise Zone Contribution Project, which can range from $100 - $250.
• Donor contribution EZ certificates are issued to submit with Colorado state tax returns to claim EZ credits. 
• The amount of the EZ tax credit is capped at $100,000 per taxpayer per tax year. Any unused EZ tax credit balance can be carried forward for up to 5 years. 

Interested in being a designated EZ Contribution Project?

Regional enterprise zone administrators work with local nonprofit organizations and government entities on proposed EZ contribution projects with defined timelines and outcomes that improve the economy, create and retain jobs, expand businesses, and have community support.

EZ contribution project types can be approved as a capital campaign and/or for operations and must align with Regional Goals. Also, it must fit into one of these categories: community facility, workforce housing, infrastructure, business assistance, economic development organizations, job training programs, visitor event/attraction, transportation, or healthcare. 

To become an approved Enterprise Zone Contribution Project: contact the regional enterprise zone administrator statewide enterprise zone administrators review, advise, and pre-approve EZ contribution project applications for the Colorado Economic Development Commission (EDC) to finalize the EZ project designation, as set forth in the Enterprise Zone Policies

Click for more information about the Colorado Enterprise Zone Contribution Tax Credit program.

Questions

Please contact the Southwest Enterprise Zone Administrator Terry Blair-Burton at (970) 247-9621 or Email her. 

Enterprise Zone - Contribution Tax Credits Documents

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