Enterprise Zone

STRETCH YOUR CHARITABLE DOLLARS!

The Colorado Urban and Rural Enterprise Zone Act provides for a State of Colorado Income Tax Credit of 25% of the donation amount for contributions of $250 or more.  Gifts of stock are allowed a 12.5% tax credit.  If the donor meets federal tax regulations, the donation may also qualify for a federal tax deduction.

Example:

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.