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Colorado's Enterprise Zone Law allows new, and existing, businesses in Las Animas County to qualify for a variety of tax credits. A listing of those tax credits follows below:
1 |
3% Investment Tax Credit |
2 |
New Business Facility Job Tax Credits ($500 Job Tax Credit) |
3 |
Double Job Tax Credit for Agricultural Processing |
4 |
$200 Job Tax Credit for Employer-Sponsored Health Insurance |
5 |
R&D Tax Credit |
6 |
Credit to Rehabilitate Vacant Buildings |
7 |
Credit for Contributions to Enterprise Zones |
8 |
10% Job Training Credit |
9 |
Exemption from state sales and use tax for manufacturing and mining equipment. |
10 |
Local Government Tax Incentives |
For detailed information on the Colorado Enterprise Zone Law and a full description of each tax credit: CLICK HERE.
Taxation:
Sales Tax: State of Colorado imposes a 2.9% sales tax on purchases within the state. Additionally, the City of Trinidad imposes a 4% sales tax on purchases within corporate limits of the community, resulting in a 6.9% sales tax within Trinidad.
Colorado offers businesses the choice of calculating their state tax liability on the basis of the standard three-factor formula (revenue, property, and payroll) or a two-factor formula (revenue and property), whichever is less. The apportionment can be changed annually. | 
