Enterprise Zone Contribution Projects Approved
The Colorado Economic Development Commission has recently approved two Enterprise Zone Contribution Project Designations for the Bennett Wastewater Treatment Facility and Bennett Town Hall. These certified Contribution Projects by the Colorado Economic Development Commission, are now eligible for financial contributions providing tax credits to contributors. According to the Colorado Office of Economic Development & International Trade (OEDIT) website, “Enterprise Zone Contribution Projects encourage community participation and public-private partnerships to revitalize EZs.” Individuals and organizations with a Colorado state income tax liability can earn tax credits by contributing to designated Contribution Projects. Contributors to these organizations can earn a 25% tax credit on cash contributions or 12.5% on the value of in-kind contributions.
Read more about the Enterprise Zone Contribution Projects here.