Companies that locate or expand within the physical boundaries of the EZ are eligible to earn a variety of state income tax credits based on each company’s specific activities primarily related to equipment investment, job creation/training, research, and development activities.
Upstate also certifies EZ tax credits for individual/business contributions to approved non-profit agencies and/or projects that play a role in implementing the economic development plan for the zone.
Annual Pre-Certification Required
Colorado has an online EZ pre-certification and certification process, which can be accessed by going to www.advancecolorado.com/ez. Businesses MUST obtain pre-certification each year prior to engaging in an activity for which they intend to earn a credit. Without this pre-certification, the business will not be able to claim EZ tax credits even if located within the EZ boundaries. Companies can pre-certify up to 3 months prior to the start of the upcoming tax year.