Enterprise Zone Job Training Tax Credit

The Enterprise Zone Job Training Tax Credit helps businesses develop and retain a skilled workforce. Businesses located within enterprise zones can earn a state income tax credit of 12% of eligible job training costs for employees working within the enterprise zone. Tax credits earned may be used against income tax liability and carried forward for up to 12 years. The Colorado legislature created the Enterprise Zone (EZ) Program to encourage development in economically distressed areas of the state. The 16 designated enterprise zones have high unemployment rates, low per capita income, or slow population growth. Local enterprise zone administrators manage their respective enterprise zones. We recommend reviewing the Enterprise Zone Income Tax Credit Guide on the Colorado Department of Revenue's website for the complete eligibility requirements.