Colorado Child Care Center Investment Tax Credit

Child Care Center A child care center is a facility, by whatever name it is called, that is maintained for the whole or part of a day for the care of five or more children who are 18 years of age or younger who are not related to the owner, operator, or manager. The facility may be operated with or without compensation for such care and with or without stated educational purposes. The term [...]

How Do I Qualify For the Colorado Historic Preservation Income Tax Credit?

GENERAL INFORMATION Colorado offers an income tax credit to Colorado resident individuals and C corporations for the preservation and rehabilitation of a qualified historic property. The structure must be at least 50 years old, and must be: a) designated individually or as a contributing property in the State Register of Historic Places; b) designated as a landmark by a certified local [...]

What is the Colorado Plastic Recycling Investment Tax Credit?

The plastic recycling investment tax credit is equal to 20% of the first $10,000 of net expenditures to third parties for rent, wages, supplies, consumable tools, equipment, test inventory and utilities made for new plastic recycling technology in Colorado. The credit is available to Colorado resident individuals only. [§39-22-114.5, C.R.S.] The maximum credit that can be claimed on [...]

What is the Colorado Minimum Tax Credit?

COLORADO MINIMUM TAX CREDIT Taxpayers who are allowed a federal income tax credit for prior year minimum tax may claim a Colorado minimum tax credit. The Colorado and federal credits are both based upon the federal alternative minimum tax the taxpayer owed for the prior tax year. For example, if a taxpayer owes federal alternative minimum tax for tax year 2020, the taxpayer may be able to claim [...]

What is the Colorado School-to-Career Investment Credit?

Colorado taxpayers are allowed to claim a credit of 10% of their current year investment in a qualified school-to-career program. "Qualified investment" means money directly expended for wages, workers' compensation insurance, unemployment insurance, and training expenses to employ a student to work or to allow a student to participate in an internship through a qualified school-to-career [...]