Enterprise Zone

STRETCH YOUR CHARITABLE DOLLARS!

Make your gift to Mt. Carmel Veterans Service Center through the El Paso County Enterprise Zone.

The Colorado Urban and Rural Enterprise Zone Act allows a taxpayer, for income tax credit purposes, to make monetary contributions to Mt. Carmel Veterans Service Center. In addition, if the donation and recipient are eligible under federal tax rules, a federal charitable contribution deduction can be taken.

Receive a TAX CREDIT equal to 25% of your cash donation of $250 or more in addition to regular tax benefits for charitable gifts. Gifts of stock are eligible for a 12.5% tax credit.

Your Federal Tax Bracket 10% 15% 25% 28% 33% 35%
Your Gift $1,000 $1,000 $1,000 $1,000 $1,000 $1,000
Your Federal Tax Savings $   100 $   150 $   250 $   280 $   330 $   350
Your Colorado Tax Savings (4.7%) $     47 $    47 $    47 $    47 $    47 $    47
Colorado Enterprise Zone Tax Credit $   250 $   250 $   250 $   250 $   250 $   250
Your Total Tax Savings $   397 $   447 $   547 $   577 $   627 $   647
Your Net Cost of Gift $   603 $   553 $   453 $   423 $   373 $   353

 

To make an eligible cash contribution:

  • Make your check payable to El Paso County Enterprise Zone in the amount of $250 or more.
  • On the memo line write Mt. Carmel Veterans Service Center and the last 4 digits of your Social Security number, or if a business the EIN.
  • Complete and follow the instructions outlined on the attached form..

For questions about the El Paso County Enterprise Tax Zone tax credit, please contact Angela Ann Cesario at  or 719-575-7057.

Learn more about the El Paso County Enterprise Tax Zone.