Colorado Enterprise Zone Tax Credit
Through 2026, the Center’s diverse programs and events are a designated Colorado Enterprise Zone Project. If you are a Colorado taxpayer, listen up! All funds donated to support the Center’s programs are eligible for the Enterprise Zone Contribution Tax Credit. When taxpayers make a certified contribution, they can claim:
- 25% of a cash donation as a state income tax credit
- 12.5% of an in-kind donation as a state income tax credit
The amount of this tax credit is capped at $100,000 per taxpayer per tax year. If you cannot use all of your credits in a given tax year, you can carry forward the balance up to five years.
The Colorado legislature created the Enterprise Zone (EZ) Program to encourage development in economically distressed areas of the state. The 16 designated enterprise zones have high unemployment rates, low per capita income, or slow population growth.
Learn more about the EZ program here or contact Development Manager Erika Brownlee with questions at erika@crestedbuttearts.org.