The Colorado Enterprise Zone Program creates a business friendly environment in economically distressed areas by offering incentives to businesses and projects in such areas. If your business is located in one of the 17 different Colorado Enterprise Zones you may be eligible to claim various Colorado tax credits based on your purchases of qualified equipment, facility expansion, the hiring new employees and many other business activities.
In 2013 the State of Colorado implemented a precertification process. Starting in 2014, a few additional changes have been implemented, including electronic contact information and noting your accountant/CPA. Pre-certification can be filed at any time prior to commencing the activity. In order to ensure that our clients don’t miss the opportunity to claim these beneficial credits, we suggest that anyone located within a Colorado Enterprise zone file for pre-certification for the 2014 tax year before the end of 2013. The process is very simple and takes less than 15 minutes. In addition, if you don’t perform activities during the year that would earn you any of the respective credits you have no further commitments.
To search your business address to determine if you are located within one of the zones:
To complete the pre-certification online application system as well as additional information on enterprise zones and the specifics of the credits that you may qualify for can be found below (If you do not already have an account set up, please click on New User under the Login button):
If you determine that you are located within an enterprise zone and would like BiggsKofford to assist in the pre-certification process please contact BiggsKofford at 719-579-9090.