Enterprize Zone Philanthropy
The Enterprise Zone also has philanthropic program that encourages contributions to local projects that enhance business and /or create employment. Taxpayers investing in Enterprise Zones can earn a credit on their Colorado income tax by planning and executing specific economic development activities.
Cash contributions totaled $ 340,870.66; in-kind contributions totaled $69,591.23, resulting in $93,916.57 in tax credits. Individual top contributors were: Qualified Renewable Energy , Morgan County Economic Development, Irrigation Research Foundation, Morgan County and Eben Ezer.
Contribution Tax Credits earned by taxpayers making donations to eligible EZ Contribution Projects need to certify those donations with the project organization or Local Enterprise Zone Administrator. A list of qualified projects is available online at www.choosecolorado.com/ez