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Job Growth Incentive Tax Credit

CO-JGITC · Colorado

Summary

Eight-year job-creation incentive equal to 50% of the employer-side Federal Insurance Contributions Act (FICA) taxes (Social Security + Medicare) imposed on the taxpayer for the net new jobs each year. Requires creating ≥20 net new FTE jobs in Colorado paying an average annual wage of ≥100% of the county average wage. Pre-approved by the Colorado Economic Development Commission (EDC) under a Performance-Based Incentive Agreement signed with OEDIT; realized through CDOR.

Benefit

Percentage
50% of FICA
Flat
—
Duration
8 years
Max annual
— (taxpayer)
Max total
— (taxpayer)
Carryforward
—

Program metadata

Distribution
allocated
Claimant subject
business
Refund/transfer election
none
Program family
—
Effective
—
Sunset
—
Application deadline
—
Transfer discount
—

Hard requirements (3)

  • min_new_jobsBusiness must create at least 20 net new full-time-equivalent jobs in Colorado during the credit period
  • min_wage_pctNet new jobs must pay an average annual wage of at least 100% of the county average annual wage in the project location
  • local_approval_requiredProject must be pre-approved by the Colorado Economic Development Commission (EDC) and a Performance-Based Incentive Agreement signed with OEDIT before any credit is realizable. (NOTE: OEDIT/EDC is a state agency, not a local body — modeled via local_approval_body until future_proposals.md §26 lands.)

Preference / tiering rules (0)

None.

NAICS industries (0)

Any.

Geo zones (1)

  • statewide — · Colorado Statewide

Tags (6)

  • fica_basis: employer_portion
  • allocator: oedit_edc
  • benefit_period_months: 96
  • refund_certificate_form: DR_1370
  • oedit_refund_certificate_path: When OEDIT issues a refund certificate (typically tied to CO-CHIPS-REFUNDABLE participation), post-certificate credits are claimed via DR 1370 as refundable.
  • pte_credit_schedule: DR_0106CR

Tax bases

  • corporate_income_taxprimary

Approval requirements (1)

  • requiredCO OEDIT / Economic Development Commission — EDC pre-approves the project; OEDIT signs Performance-Based Incentive Agreement before any credit is realizable.

Program relationships (1)

  • Mutually ExclusiveCO-RJS — Rural Jump-Start Tax Credit
    RJS prohibits stacking with JGITC for the same New Business and same New Hires. See edge_cases.md §23 (mutual-exclusion / negative-stacking).

Source

https://oedit.colorado.gov/job-growth-incentive-tax-credit
§ 39-22-531(5)(b), C.R.S.
Last verified: 2026-04-26
Annual credit = 50% of employer-side FICA on the net new jobs each year; benefit period = 96 consecutive months. Refundability and exact carryforward not stated on the OEDIT page used in this seed; modeled as non-refundable / no carryforward pending statute pull.