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Overview
The COEZ program provides various tax incentive benefits to encourage businesses to locate or expand within a designated economically distressed area in the State of Colorado. Applying for these Colorado credits is a multi-step process. Synergi can help you reduce your administrative burden and get ahead of the process, starting with using our geographic information system to help you accurately determine eligible locations. We will submit applicable pre-certification and certification documentation on your behalf to help you maximize your capture of Colorado tax credits for which you are eligible.
Enterprise Zone Investment Tax Credit
Credit is available to businesses that make a qualified investment in qualified property that is purchased within the tax year and used in an enterprise zone.
- Credit is 3% of the total qualified investment
- Any unused credit may be carried forward for up to twelve years
Job Training Tax Credit
Credit is available to businesses that make an investment in a qualified job training program with employees who work predominantly within the enterprise zone.
Opportunity
- Credit is 12% of the total qualified investment
- Any unused credit may be carried forward for up to twelve years
New Employee Credit
Credit is available to businesses who experience an increase in employee headcount at a facility within an enterprise zone.
Opportunity
- Credit is $1,100 for each additional employee
- For facilities in an enhanced rural enterprise zone, credit amount is an additional $2,000 for each additional employee
- Any unused credit from the enterprise zone can be carried forward for five years; enhanced rural enterprise zone can be carried forward for up to seven years
Employer Sponsored Health Insurance
Credit is available to businesses who operate a facility in an enterprise zone and provide an employer-sponsored health insurance plan/program to their employees.
Opportunity
- Credit is $1,000 for each qualified facility employee who is insured under an employer-sponsored health insurance plan/program
- Any unused credit may be carried over for up to five years