December 10, 2013
Habitat for Humanity of Montezuma County has been approved as an Enterprise Zone Contribution Project by the Colorado Economic Development Commission (EDC) on October 10th. This designation allows all donor contributions above $250 or more for this project eligible for a 25% state tax credit on cash donations, and a 12.5% state tax credit on in-kind donations.
Habitat works to build and repair simple, decent, affordable houses in partnership with eligible families and volunteers from all backgrounds. In turn they pay property taxes and work within the community. This project also helps the local economy through the purchase of local materials and contracting professional labor and services.
Currently 31 projects are designated in Southwest Colorado.
In 1986, the Colorado State Legislature approved the Enterprise Zone Tax Credit program to assist economically distressed areas of the state. In Southwest Colorado, all of Montezuma, Archuleta, San Juan, and Dolores Counties are designated enterprise zone areas. La Plata County has some areas that are not considered distressed, and thus not included.
A list of eligible Enterprise Zone projects and program information is available online at www.scan.org or by calling the Region 9 Economic Development District at 970-247-9621. To reach Habitat for Humanity of Montezuma County, please call 970-565-8327.
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