Purchases of manufacturing machinery and machine tools, parts, and materials used in machinery and machine tools used in the Enterprise Zone are exempt from the 2. For businesses located within the Enterprise Zone, the statewide sales and use tax exemption for purchases of manufacturing equipment is expanded to include non-capitalized equipment, parts, and tools to repair machinery.
Also, machinery and machine tools used directly in the mining process qualify for the tax exemption. Legislative changes to the Enterprise Zone Program in now require that online pre-certification applications be completed annually.
EZ pre-certification is quick and simple and will ensure that your business can earn and claim these valuable tax credits. The local EZ Adminstrator will review and approve the pre-certification application — please retain the approval email in your tax records. Certification applications are to be completed following the conclusion of the tax year, prior to submitting your tax return to Colorado Department of Revenue.
Detailed maps of the Pikes Peak Enterprise Zone boundaries can be found below. Vermijo Ave. Colorado Springs, CO Phone: saralobato elpasoco. Skip to content. Pikes Peak Enterprise Zone.
EZ Tax Credits Available. Enterprise Zone EZ State Income Tax Credits: The Enterprise Zone Program is a state income tax credit incentive that encourages new and established businesses to locate and expand in economically distressed areas of the state.
Commercial Vehicle Investment Tax Credit: Businesses that invest in commercial trucks, truck tractors, tractors, or semitrailers, and associated parts may earn a 1. Sales and Use Tax Exemption: Purchases of manufacturing machinery and machine tools, parts, and materials used in machinery and machine tools used in the Enterprise Zone are exempt from the 2.
Download EZ Fact Sheet. Support and encourage increased employment opportunities by partnering with economic development focused agencies and businesses in marketing, recruitment, and training efforts, resulting in new or increased job opportunities within the EZ. In partnership with community stakeholders, support the revitalization of existing business districts through rehabilitation and business expansion.
Support Workforce Housing Capital Campaigns and Homeless Housing and Employment Services Operations, promoting a variety of housing and job opportunities in the region, resulting in an increase of successful housing outcomes and job placements.
EZ Pre-Certification and Certification. EZ Pre-Certification: Legislative changes to the Enterprise Zone Program in now require that online pre-certification applications be completed annually. Both businesses and individuals can make charitable donations through the EZ and take advantage of the tax credit. If the donation and recipient are eligible under federal rules, the federal charitable contribution deduction can be taken; no credits are allowed for contributions that directly benefit the contributor.
To make a contribution to any of the following organizations though the Enterprise Zone, please contact the respective organization or our office for additional information. Careers in Construction Colorado: Job Training. Chamber Orchestra of the Springs. Colorado Springs Conservatory.
Colorado Springs Fine Arts Center. Colorado Springs Philharmonic. Colorado Springs Pioneers Museum. Community Ventures Public Benefit Programs. Downtown Partnership of Colorado Springs. Exponential Impact. Goodwill Workforce Development. Greccio Housing: Workforce Housing.
Homeward Pikes Peak. Carmel Veterans Service Center. Olympic City USA. Space Foundation and Discovery Center. National Cybersecurity Center.
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