
In the news
Denver ranks sixth best out of 102 big U.S. markets the monthly On Numbers Economic Index for October.
The index is a new yardstick of economic performance compiled by G. Scott Thomas, who covers demographic trends in the On Numbers blog for American City Business Journals, the Denver Business Journal’s parent company.
The index is a monthly rating of the economic vitality of 102 major metropolitan areas, generated by an 18-part formula that includes private-sector jobs, unemployment rates, worker earnings and home values.
ACED Activities & Events
Aerospace & Aviation Taskforce
Thu. May 9
8:00 a.m. – 9:30 a.m.
ACED Board Room
ACEC Open Meeting
Wed. May 15
7:30 a.m. – 9:00 a.m.
ACED Board Room
ACED Roundtable
By Invitation Only
Wed. May 15
11:30 a.m. – 1:00 p.m.
The Ranch Country Club (120th & Tejon)
Business Policy Strikeforce - CANCELED
Mon. May 20
7:00 a.m. – 8:30 a.m.
Coffee Shop in Capitol Basement
ACED Board Meeting
Speaker: Howard Kenison
Presentation
Thu. May 23
11:00 a.m. – 1:00 p.m.
ACED Board Room
Enterprise Zone
PRE-CERTIFICATION NOW REQUIRED
please see information below
Colorado’s Enterprise Zone program provides tax incentives to encourage businesses to locate and expand in designated economically distressed areas of the state. There are 16 Enterprise Zones and 2 sub-zones in Colorado. Businesses located in an Enterprise Zone may qualify for up to nine Enterprise Zone Tax Credits that encourage job creation and investment in the Enterprise Zone. Local jurisdictions may have additional incentive opportunities in the Enterprise Zone. Please use the grey, left-hand navigation bar indented beneath “Enterprise Zone (EZ)” for links to other EZ resources (Tax Credits, State Map, EZ Administrator Contact Info, Enhanced Rural EZ, Contribution Projects, Public Records Law & Annual Reports).
For more information on legislative changes, please visit the EZ Legislation web page.
Overview Table
Please use the links provided in the table below to access the Department of Revenue tax form and FYI Publication for each tax credit. If claiming Enterprise Zone tax credits it is recommended that you review the Enterprise Zone FYI Publications available from the Department of Revenue.
| TAX CREDIT | CREDIT AMOUNT | FORM | FYI |
| Investment Tax Credit | 3% of equipment purchases | Online form | FYI Income 11 |
| Job Training Tax Credit | 10% of qualified training expenses | Online form | FYI Income 31 |
| New Business Facility (NBF) Tax Credits: |
NBF status req’d for these 3 credits |
– |
– |
| Jobs Credit | $500 per new job | Online form | FYI Income 10 |
| Ag Processing Jobs Credit | $1,000 total per new a.p. job | Online form | FYI Income 10 |
| Health Insurance Credit | $200 x 2 years per new h.i. job | Online form | FYI Income 10 |
| R&D Increase Tax Credit | 3% of increased R&D expenditures | Online form | FYI Income 22 |
| Vacant Building Rehabilitation Tax Credit | 25% of rehabilitation expenditures | Online form | FYI Income 24 |
| Manufacturing / Mining Sales and Use Tax | Expanded S&U tax exemption in EZ | DR1191 | FYI Sales 10 FYI Sales 69 |
| Commercial Vehicle Investment Tax Credit (CVITC) | 1.5% of commercial vehicle purchases | CVITC Application | CVITC Details FYI Income 11 |
| Contributions to Enterprise Zone Projects | 25% cash / 12.5% in-kind of donation | DR0075* | FYI Income 23 |
| Local Incentives | Increased incentives in some EZ areas | N/A | N/A |
*EZ Contribution Project will provide contributor w/ the DR0075 form.
For more information, please visit the Tax Credits page of our website, or click to download a Fact Sheet:
Important 2012 Legislative Changes
Enhanced Rural Enterprise Zone Fact Sheet
Enterprise Zone CVITC Fact Sheet
Certification Forms
Enterprise Zone tax certification forms:
Form DR0074, DR0076, and DR0077 require on-line completion. Forms DR1191 and CVITC may be completed in hard copy; for these, click on the form name to download the form.
Note: You will need Adobe Acrobat Reader to view and print forms. To download the free Adobe software, click here.
The steps for PRE-CERTIFICATION are as follows:
- Log on to www.advancecolorado.com/ez to request the PRE-certification of Enterprise Zone Tax Credits.
- Fully complete date the enterprise zone tax form and submit.
- After the form is processed, notification is provided via email. If approved, please keep Certification Number for future reference for filing year end activity.
The steps for certification are as follows:
- Log on to https://www.colorado.gov/apps/oedit/enterpriseCert/home.jsf to request certification of Enterprise Zone Tax Credits. Fully complete, sign and date the enterprise zone tax form. Please complete all questions on the form, including employment and investment figures, whether or not you are claiming credits related to employment and/or investments. These figures are used for state statistical purposes.
- Automatic electronic delivery of Adams County Enterprise Zone tax forms are submitted for approval to:
Erin Beckstein
Enterprise Zone Administrator
Phone: 303-453-8510
Fax: 303-453-8505
Email: EBeckstein@AdamsCountyED.com - Upon receiving your fully completed certification form from the state, ACED will certify that your location is located within the Adams County Enterprise Zone. It will be signed, dated and a confirmation via email returned within 48 hours.
- Certified forms via hard copy (prior to 2012) will require a copy of the fully executed certification form attached to your Colorado income tax return when you file. If filed electronically, a copy of the electronic form submitted in addition to the confirmation e-mail needs to accompany the Colorado income tax return. It is important documentation required by the State to substantiate your claim for credits taken. Do not send the form independently of your tax return; it must be attached to your return like any other supporting schedule.
Erin Beckstein
Adams County Economic Development
12200 Pecos Street, Suite 100
Westminster, CO 80234
Phone: 303-453-8510 Fax: 303-453-8505
Email: EBeckstein@AdamsCountyED.com
