Northeast Colorado Enterprise Zone
The Northeast Colorado Enterprise Zone is a state-designated area in need of economic growth and diversification. It provides
various state income tax credits to encourage the private sector to invest resources to ccreate or maintain jobs witin the zone area. All of Logan, Morgan, Phillips, Sedgwick, Washington, and Yuma counties
are located within the Northeastern Colorado Enterprise Zone.
The Contribution Credit
The Colorado State Legislature has established a number of tax credits to benefit enterprise zone investors, but the most generous allows a 25% state income tax credit for private conributions to an enterprise zone that will assist in implementing that zone's economic development plan. This credit has been of particular interest during recent years in the Northeastern Zone because of the number of special projets now designated as eligible for the contributions.
If you choose to make a cash donation to the Northeastern Enterprise Zone for any of its designated community economic development projects, you will receive 25% of that amount as a credit against your state tax liability.The contribution also may be itemized on your federal tax return.
For more information, contact the Enterprise Zone Administrator:
email or call 970-867-9409 x233.
The Contribution Credit
The Colorado State Legislature has established a number of tax credits to benefit enterprise zone investors, but the most generous allows a 25% state income tax credit for private conributions to an enterprise zone that will assist in implementing that zone's economic development plan. This credit has been of particular interest during recent years in the Northeastern Zone because of the number of special projets now designated as eligible for the contributions.
If you choose to make a cash donation to the Northeastern Enterprise Zone for any of its designated community economic development projects, you will receive 25% of that amount as a credit against your state tax liability.The contribution also may be itemized on your federal tax return.
For more information, contact the Enterprise Zone Administrator:
email or call 970-867-9409 x233.