Enterprise Zone Program Changes
Starting January 1st, 2023, the existing Enterprise Zone (EZ) tax credit will be replaced with Colorado’s Homeless Contribution Tax Credit (HCTC). This is a new Homeless Contribution Tax Credit that is available in the entire state for a broader range of homelessness response related activities. Going forward, you will be able to utilize this tax credit program similarly to previous years in the EZ program.
The purpose of the Enterprise Zone Contribution Tax Credit Program is to support businesses and non-profit organizations, such as Fort Collins Rescue Mission, located in economically distressed areas throughout the State of Colorado.
The EZ tax credit allows a dollar-for-dollar reduction in state taxes owed by an amount equal to 25% of cash donations $200 or more. Please note: the State limits the number of credits available to each participating organization each calendar year. Once the limit is met, additional credits will not be issued until the next calendar year.
*HCTC eligible donations must be $250 or more to qualify.
Have questions? Need to make changes? Contact Us
How EZ Donations Work
The Enterprise Zone tax credit allows a dollar-for-dollar reduction in state taxes owed by an amount equal to 25% of cash donations to Fort Collins Rescue Mission of $200 or more.
1. Give a Gift of $200* or more.
*Monetary donations of $250 or more qualify for the new HCTC tax credit program.
2. Tell us you want EZ tax credit.
You must indicate your desire for Enterprise Zone tax credit. For example, write “EZ” on the memo line of your check. Or, when donating online, write “EZ” in the donor comments section.
You also must provide one of the following:
- Federal Employer Tax Identification Number (FEIN)
- Your Colorado Taxpayer Identification Number
- Or the last four digits of your Social Security Number.
We keep these numbers secure and private to your account.
3. Receive your gift receipt and tax credit certificate.
Once we receive your gift, we will send you a receipt. If we have an email address on file for you, the State will email a copy of your tax certificate upon approval. Within 60 days, you will receive your mailed tax certificate.
You must file your tax return electronically with the Colorado Department of Revenue.
EZ Resources
For your convenience, we’ve gathered several EZ resources here that can help you learn more about the program and how it may apply to your donations.
Donate Stock
A donation of stocks, mutual funds or securities can qualify for EZ tax credit and offers a number of valuable financial benefits:
- No capital gain to be recognized
- Full value of stock is tax deductible
- Stocks, bonds and most mutual funds accepted
Workplace Giving
Gifts that qualify for EZ tax credit may also be eligible for an employer matching gift. Many employers offer matching gift programs up to one full year after you donate or volunteer grants to increase your impact in the community. Find out if your employer offers a matching gift program or volunteer grants today!
Need to Make Changes?
Your Enterprise Zone Tax Certificate will now be emailed directly to you once it is approved.
If the information listed on your certificate is incorrect or you are missing a certificate, please contact us online or call 303.313.2406.