§ 39-30-101. Short Title
This article shall be known and may be cited as the “Urban and Rural Enterprise Zone Act”. Source: L. 86: Entire article added, p. 1139, § 1, effective July 1.
§ 39-30-102. Legislative Declaration
The general assembly hereby finds and declares: That the health, safety, and welfare of the people of this state are dependent upon the continued encouragement, development, and expansion of opportunities for employment in the private sector in this state; That there currently exist in this state both rural and urban areas which require new employment […]
§ 39-30-103. Zones Established – Review – Termination
Any municipality, county, or group of contiguous municipalities or counties may propose an area of such municipality, county, or group of municipalities or counties to be designated as an enterprise zone if the area has a population of no more than one hundred fifteen thousand persons as calculated pursuant to subsection (1.3) of this section, […]
§ 39-30-103.2. Enhanced Rural Enterprise Zones – Criteria – Termination
The portion of any county within an enterprise zone designated pursuant to section 39-30-103 shall be designated as an enhanced rural enterprise zone if the county that contains the area to be so designated meets two or more of the following criteria: The county has an unemployment rate at least fifty percent above the state […]
§ 39-30-103.5. Credit Against Tax – Contributions to Enterprise Zone Administrators to Implement Economic Development Plans
Any taxpayer who makes a monetary or in-kind contribution for the purpose of implementing the economic development plan for the enterprise zone to the person or agency designated as the enterprise zone administrator by the Colorado economic development commission, shall be allowed a credit against the income tax imposed by article 22 of this title […]
§ 39-30-104. Credit Against Tax – Investment in Certain Property – Definitions
In lieu of any credit allowable under section 39-22-507.5, there shall be allowed to any person as a credit against the tax imposed by article 22 of this title, for income tax years commencing on or after January 1, 1986, an amount equal to the total of three percent of the total qualified investment, as […]
§ 39-30-105.1. Credit for New Enterprise Zone Business Employees – Definitions
For any income tax year commencing on or after January 1, 2014, any taxpayer who operates a business facility in an enterprise zone is allowed a credit against the income tax imposed by article 22 of this title in an amount equal to one thousand one hundred dollars per income tax year for each business […]
§ 39-30-105.5. Credit Against Colorado Income Taxes Based on Expenditures for Research and Experimental Activities
Any taxpayer who makes expenditures in research and experimental activities, as defined in section 174 of the federal “Internal Revenue Code of 1986”, as amended, which activities are conducted in an enterprise zone for the purpose of carrying out a trade or business, shall be allowed a credit against the income tax imposed by article […]
§ 39-30-105.6. Credit Against Tax – Rehabilitation of Vacant Buildings
For income tax years commencing on or after January 1, 1989, any taxpayer who is the owner or tenant of a building which is located in an enterprise zone, which is at least twenty years old, and which has been unoccupied for at least two years and who makes qualified expenditures for the purpose of […]
§ 39-29-110. Local Government Severance Tax Fund – Creation – Administration – Definitions – Repeal
There is created in the department of local affairs a local government severance tax fund. In accordance with section 39-29-108 , portions of the state severance tax receipts must be credited to the local government severance tax fund. All income derived from the deposit and investment of the money in the local government severance tax […]