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In the news

Colorado seeks
Spaceport Designation at Front Range Airport.
Colorado is pursuing Federal Aviation Administration designation for a spaceport, with Adams County’s Front Range Airport as the likely site for the facility.  The announcement was made by Governor John Hickenlooper at the Colorado Space Business Roundup on n December 7, 2011. The facility would allow for tourism, travel and cargo transport to space and from point to point on Earth.

Adams County Lands
$300 Million GE/PrimeStar Solar Project

PrimeStar Solar, a division of General Electric (GE) announced that it has selected Adams County as the site of its new thin film solar manufacturing facility.  The company will invest up to $300 million in the project and add 355 new jobs to the county.

 

ACED Activities & Events

Transportation Taskforce Meeting
Thu. February 2
8:00 a.m. – 9:30 a.m.
ACED Board Room

ACEC Open Meeting
Wed. February 15
7:30 a.m. – 9:00 a.m.
ACED Board Room

Business Retention Taskforce Meeting
Tue. February 21
11:00 a.m. – 1:00 p.m.
ACED Board Room

ACED Investors Forum
Thu. February 23

11:00 a.m. – 1:00 p.m.
DoubleTree Thornton
Economic Forecast
Speaker: Mark Snead

ACED Business Policy Strikeforce
Thu. February 28
3:30 p.m. -5:00 p.m.
ACED Board Room

                                             

ACED Board of Directors Meeting  
Thu. January 26
11:00 a.m. – 1:00 p.m.
Legislative Preview by Danny Tomlinson
Event Presentation

Enterprise Zone

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 CreditsState MapEZ Administrator Contact InfoEnhanced Rural EZContribution ProjectsPublic 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 DR0074 FYI Income 11
Job Training Tax Credit 10% of qualified training expenses DR0074 FYI Income 31
New Business Facility (NBF) Tax Credits:

NBF status req’d for these 3 credits

        Jobs Credit $500 per new job DR0074 FYI Income 10
        Ag Processing Jobs Credit $1,000 total per new a.p. job DR0074 FYI Income 10
        Health Insurance Credit $200 x 2 years per new h.i. job DR0074 FYI Income 10
R&D Increase Tax Credit 3% of increased R&D expenditures DR0077 FYI Income 22
Vacant Building Rehabilitation Tax Credit 25% of rehabilitation expenditures DR0076 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 2010 Fact Sheet:

Important 2012 Legislative Changes 

Enterprise Zone Fact Sheet

Enhanced Rural Enterprise Zone Fact Sheet

Enterprise Zone CVITC Fact Sheet   

State Map

Certification Forms

Enterprise Zone tax certification forms:

Listed to the right are the forms needed for each Enterprise Zone Tax Credit.  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 certification are as follows:

  1. 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.
  2. 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
  3. 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.
  4. 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.
For more information on the Enterprise Zone, please contact:
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