El Paso County, Colorado

Procedure to File for Enterprise Zone Tax Credits

The El Paso County Program Administrator is required to verify that your business is located within the Enterprise Zone. However, if the only credit being claimed is the investment tax credit and it is less than $450, a certificate is preferred but not required.

Applying for certification is a simple and quick process.  Follow these steps:

1. Photocopy and fully complete, sign, and date the "Certification of Qualified Enterprise Zone Business" form (DR74). The appropriate owner, partner, or corporate officer must sign the form prior to executing step 2 below. Please complete all questions on the form, including employment and investment figures, whether or not you are claiming credits related to employment and/or investments. Those figures are needed for State statistical purposes.
   
2. Mail the certificate and a stamped, self-addressed return envelope to the El Paso County Enterprise Zone Administrator at 27 E. Vermijo Ave. 5th floor, Colorado Springs, CO 80903. You can also Fax the form to (719) 520-6486.
   
3. Upon verifying both your location within the El Paso County Enterprise Zone and that the form is complete, it will be signed, dated, and returned immediately.
   
4. You need to attach a copy of the fully executed certification form to your Colorado income tax return when you file. The State requires this form to substantiate your claim to credits taken.  Do not send the form independently of your tax return; it must be attached to your return like any other supporting schedule.

Note:  A signature from the El Paso County Program Administrator does not assure the taxpayer that it is using the tax credits correctly. Please consult a certified tax accountant if desired.