State income tax credits to encourage businesses to locate or expand in designated, economically distressed areas of the state, including select Weld County communities and locations.
Pre-Certified companies that locate or expand within the physical boundaries of the Enterprise Zone (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.
An in-depth boundary recertification process was completed in 2015, and new state-approved EZ boundaries went into effect January 1, 2016.
To determine if a specific location is within the Weld County EZ, see the Weld/Community maps in the Download Center to the right, or click on the link below to the interactive EZ map.
See the EZ Brochure in the Download Center for details on the available tax credits.
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. See the Download Center for a list of the Approved Weld County Contribution Projects.
Annual Pre-Certification Required
Colorado has an online EZ pre-certification and certification process at www.choosecolorado.com/ez. Businesses MUST obtain pre-certification each year prior to engaging in an activity for which they intend to earn a credit. Companies can pre-certify up to 3 months prior to the start of the upcoming tax year.
See Pre-Certification & Certification User Guide in the Download Center.
EZ State Income Tax Credit Summary
|Investment Tax Credit||3% of Eligible Equipment Purchases|
|Commercial Vehicle Investment Tax Credit||1.5% of Eligible Commercial Vehicle Purchases|
|Jobs Tax Credit||$1,100 per Eligible New Job Created|
|Job Training Tax Credit||12% of Qualified Training Expenses|
|Ag Processing Jobs Credit||$500 additional per Eligible New Job Created|
|Health Insurance Credit||$1,000 additional per Eligible New Job created first two years|
|R&D Increase Tax Credit||3% of Increased R&D Expenditures|
|Vacant Building Rehabilitation Tax Credit||25% of Rehab Expenditures (hard costs)|
|Manufacturing & Mining Sales/Use Tax||Expanded S&U Tax Exemption in EZ|
|Approved Contribution Projects||25% of cash contribution /12.5% of approved in-kind contribution|
Enterprise Zone Interactive Map
Not sure if the location is in the Enterprise Zone or not? Click on the link below to check the address, latitude & longitude, Section/Township/Range, API number, and more. Under the Layers tab, click Enterprise Zone overlay.