Colorado Enterprise Zone Program Changes for 2014
Colorado has made several changes to its Enterprise Zone Program effective for tax years beginning in 2014.
House Bill 13-1265 has removed the requirement that businesses must meet the programs prior definition of a “New Business Facility”, and will now only have to meet the individual credit requirements and be located within an Enterprise Zone.
House Bill 13-1142 increases the EZ New Business Facility Employee Credit from $500 to $1,100 per each eligible employee, increases the additional credit for the provision of health insurance from $200 to $1,000 per employee, increases the EZ Job Training Tax Credit from 10% to 12%, and increases the limitation of the EZ Investment Tax Credit from $500,000 to $750,000 per year.
Pre-certification for Enterprise Zone credits is required prior to hiring, training, and investment, so let Equifax Workforce Solutions get you started today.
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