Businesses located in an Enterprise Zone can be eligible for up to 10 different state tax credits. See the fact sheet for a list of incentives, credit amounts and information.
Currently, Dolores and San Juan Counties are Enhanced Rural Enterprise Zones through 2018, which provides greater financial incentives to businesses to promote and encourage new job creation in designated economically depressed rural Enterprise Zone counties.
Pre-certification is validation that your business is located in an Enterprise Zone and that Enterprise Zone Tax credits are a factor to the start-up, expansion or relocation of your business. Legislation requires (EZ) businesses to obtain pre-certification prior to engaging in an activity to earn an EZ tax credit each tax year. Pre-certification is required for Department of Revenue forms DR0074, DR0076 and/or DR0077. It is suggested that any business that may be planning on using one or more of the credits during the year complete the pre-certification in early January. Submitting information for pre-certification does not obligate the business to actually earn or use the credit(s).
Pre-certification (generally beginning of income tax year) and regular Certification (end of income tax year) both require approval by the Southwest Enterprise Zone Administrator and will need to be filed electronically. To pre-certify or certify, click here.
"GCC Energy learned about the Enterprise Zone tax credits when they started working with us at the La Plata Economic Development Alliance. I contacted Laura at Region 9 and as a result, GCC has been able to save substantial amounts of money on major capital equipment purchases. This is important, as it increases the ROI for their parent company and fosters more investment and job creation here. This is a great example of the type of benefit we can bring to a local firms, particularly larger local firms, and I am very happy to see the fruits of our relationships beginning to pay off."
- Roger Zalneratis, Executive Director
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