Opportunity Now Tax Credits

The Opportunity Now Tax Credit, enacted by House Bill 24-1365, supports talent development in advanced industry, such as advanced manufacturing, clean energy, construction, infrastructure and semiconductor industries. This refundable tax credit provides financial assistance for capital, including facility and/or equipment acquisition costs associated with training programs designed to alleviate industry talent shortages. Tax credits may be claimed once the qualified asset is placed into service. The total amount of tax credits approved by the Selection Committee is up to 50% of the estimated qualified asset, and the total amount of certificates available is up to $15 million per year. Tax credit certificates may be issued between January 1, 2026 through January 1, 2033. Those awarded a certificate must submit an annual progress report for 15 years to verify continued qualified asset compliance. For: Training programs that support talent development in the advanced manufacturing, clean energy, construction, infrastructure and semiconductor industries