If your business is a nonprofit helping drive local economic development by creating and/or retaining jobs in an Enterprise Zone, your donors may be eligible for Enterprise Zone Contribution Tax Credits.

If so, your donors could receive a Colorado income tax credit for 25% of cash contributions, up to a maximum credit of $100,000, and/or 12.5% for in-kind contributions, such as labor, materials, desks, computer equipment, or stock. 

Eligible projects include:

  • Homeless Shelters offering or providing referrals to child care, job placement, and counseling services;
  • Business Assistance including management training and counseling, incubators, finance funds, and feasibility studies;
  • Job Training Projects directed at specific skill training in cooperation with business and industry;
  • Infrastructure Projects serving businesses, including water, sewer, transportation, telecommunications, streetscaping, business and industrial parks;
  • Marketing for business, economic and business development;
  • Rural Health Care Facilities that are identified in a rural Enterprise Zone’s development plan; and
  • Community Development Projects promoting nonprofit or government-funded community development projects.

Serving Delta, Gunnison, Hinsdale, Montrose, Ouray, and San Miguel counties

Getting started:

  1. Contact your local Enterprise Zone Administrator (EZA) by calling Region 10 at 970.249.2436 or emailing ezadmin@region10.net
  2. The EZA will provide the proposed project information on the state requirements and application process.
  3. An application form and proposal must be completed and submitted to the EZA.
  4. All projects must be approved by the State Enterprise Zone Commission in order to be able to receive contributions.
  5. Projects must be recertified each year in order to continue to receive contributions.
  6. The EZA will work with Project Coordinator to complete the donor certification form (DR0075).
  7. The donor must complete, sign, and attach the DR0075 form to his/her Colorado Income Tax in order to receive the tax credit.

Call today to find out how your donors can get more bang for their donation buck.

www.region10.net/contribution-tax-credits
ezadmin@region10.net
970.249.2436

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