Enterprise Zone Vacant Commercial Building Rehabilitation Tax Credit
CO-EZ-REHAB · Colorado
Summary
Tax credit equal to 25% of qualified rehabilitation expenditures for the renovation of a vacant commercial building located in a Colorado Enterprise Zone, capped at $50,000 of credit per building. Building must have been vacant for at least 2 consecutive years prior to the start of rehabilitation and must be used for income-producing activity afterward. Qualified expenditures include exterior, structural, mechanical, and electrical improvements, demolition, carpentry, sheetrock, plaster, painting, ceilings, fixtures, doors, windows, sprinkler systems, roofing, flashing, tuckpointing, and cleaning. Excluded: appraisals, architectural/engineering/interior-design fees, legal/accounting/realtor fees, loan/sales/marketing/closing costs, building permits, inspections, bids, insurance, project signage, copying, rent loss during construction, acquisition costs, interior furnishings, new additions (except code-required), total demolition followed by new construction, excavation, grading, paving, landscaping, and repairs to outbuildings.
Benefit
- Percentage
- 25% of investment
- Flat
- —
- Duration
- —
- Max annual
- — (taxpayer)
- Max total
- $50,000 (taxpayer)
- Carryforward
- —
Program metadata
- Distribution
- taxpayer_earned
- Claimant subject
- business
- Refund/transfer election
- none
- Program family
- —
- Effective
- —
- Sunset
- —
- Application deadline
- —
- Transfer discount
- —
Hard requirements (2)
- local_approval_requiredEZ administrator (one of 16 OEDIT-designated administrators) must pre-certify the qualifying activity (vehicle purchase / machinery purchase / building rehabilitation) before the credit or exemption is realizable. Pre-certification is location-based and renews annually.
- industry_keywordMarijuana / cannabis businesses do not qualify (federal-illegality bar). The OEDIT program page for each EZ credit explicitly enumerates this exclusion ("businesses in the marijuana industry do not qualify for this tax credit"). This is a source-grounded exclusion, not a modeling decomposition.
Preference / tiering rules (0)
None.
NAICS industries (0)
Any.
Geo zones (1)
- enterprise_zone — · Colorado Enterprise Zones (16 zones, OEDIT-designated)
Tags (5)
- reported_on_form: DR_1366
- refund_certificate_form: DR_1370
- pte_distribution_form: DR_0078A
- min_pre_rehab_vacancy_years: 2
- per_building_credit_cap_usd: 50000