Enterprise Zone Contribution Tax Credit
 

The purpose of the enterprise zone contribution tax credit is to encourage taxpayers to assist local enterprise zones, working with governmental and non-profit partners, to undertake activities “implementing the economic development plan for the enterprise zone.”

“Economic Development is further defined by the statute to mean “directly related to job creation, job preservation, :”as well as assisting homeless shelters which provides employment related services in zones.”

The Colorado Economic Development Commission (the EDC) is charged with reviewing and approving proposed projects which it determines are eligible under the requirement of (the law) or (are) essential to the mission of the enterprise zone.”
In 2003 Contributors could receive tax credits for donating to 42 Southeast Colorado special projects.