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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
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3% Investment Tax
Credit
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2
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New Business
Facility Job Tax Credits ($500 Job Tax Credit)
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3
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Double Job Tax
Credit for Agricultural Processing
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4
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$200 Job Tax Credit for
Employer-Sponsored Health Insurance
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5
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R&D Tax Credit
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6
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Credit to
Rehabilitate Vacant Buildings
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7
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Credit for
Contributions to Enterprise Zones
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8
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10% Job Training
Credit
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9
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Exemption from
state sales and use tax for manufacturing and mining equipment.
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10
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Local Government
Tax Incentives
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For detailed information on the
Colorado Enterprise Zone Law and a full description of each tax credit
visit the State of Colorado website. To apply for any of these credits,
please contact the South
Central Council of Governments which is Las Animas County’s
Enterprise Zone Tax Credit Administrator.
Other Available Business
Incentives
The
following pages contain information on programs that may offer
incentives to qualifying businesses:
Aircraft Manufacturer Tax Credits
Biotechnology Sales- and Use-Tax Refund
Colorado FIRST and Existing Industry Job Training
Assistance
Colorado Economic Development Commission
Enterprise Zone Tax Credits
Job Creation Performance Incentive Fund
& Enhanced Job Creation Incentive Fund
Local Infrastructure Assistance
Local Property Tax Incentives
Manufacturing Revenue Bonds
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