Economic Development
Download the Berthoud Enterprise Zone Map
The Town of Berthoud Enterprise Zone
Colorado's Urban and Rural Enterprise Zone of 1986 established a program for the designation of state enterprise zones. State enterprise zones were created to offer tax incentives for private enterprise to expand or new businesses to locate in economically distressed areas. The Town of Berthoud's Enterprise Zone was created in June 25, 1993.
| Type of Credit | Amount | Department of Revenue "FYI" Publications |
|---|---|---|
| Three Percent Investment Tax Credit | Businesses making investments in equipment used exclusively in an enterprise zone which would have qualified for the pre-1986 federal investment tax credit may claim a credit against their Colorado income taxes equal to 3 percent of the amount of the investment. | FYI Income 11 |
| Job Tax Credit | $500 state income tax credit for each new employee in a "new business facility (see below)" located in an enterprise zone. | FYI Income 10 |
| Double Job Tax Credit for Agricultural Processing | An additional $500 credit may be claimed by businesses in agricultural manufacturing or processing. | FYI Income 10 |
| Job Tax Credit for Employer health Insurance | A taxpayer with a qualifying new business facility is allowed a two-year $200 tax credit for each new business facility employee who is insured under a qualifying employer-sponsored health insurance program. | FYI Income 10 |
| Research and Development R&D Tax Credit | Taxpayers who make private expenditures on research and experimental activities (as defined in federal tax law) conducted in an enterprise zone qualify for an income tax credit. This credit equals 3 percent of the amount of the increase in the taxpayer's R&D expenditures within the zone for the current tax year above the average of R&D expenditures within the zone area in the previous two years. No more than 1/4 of the allowable credit may be taken in one tax year. | FYI Income 22 |
| Credit to rehabilitate vacant buildings | Owners or tenants of commercial buildings in an enterprise zone which are at least 20 yrs old and which have been vacant for at least two years may claim a credit of 25 percent of the cost of rehabilitating each building. The credit is limited to $50,000 | FYI Income 24 |
| Ten Percent Job Training Credit | A 10% state income tax credit against expenses for a qualified job training program | FYI Income 31 |
| Exemption from state sales and use tax for manufacturing and mining equipment | Purchases of manufactoring machinery, machine tools, and parts are exempt from the 3% state sales and use tax statewide. When used solely in an enterprise zone this exemption may be claimed for purchase of mining equipment and materials used to make eligible machinery. | FYI Income 69 |