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Tax CreditColoradoActiveVerified

Colorado Job Growth Incentive Tax Credit

Colorado Office of Economic Development and International Trade (OEDIT)CO-JGITCRefreshed 1 month ago
Do I qualify?
Max funding

Varies

Amount varies

Type

Tax Credit

Reduces tax liability

Deadline

Rolling

No fixed cutoff

Timing

Annual tax return

Claim with year-end filing

Complexity

Moderate

File with tax return

About This Program

Refundable income tax credits for Colorado companies creating 20+ net new jobs at wages 110% of the county average. Credit equals 50% of FICA taxes paid by the employer on qualifying new employees for up to 7 years, supporting competitive business location decisions.

Key Requirements & Eligibility

  • 1Minimum 20 new full-time jobs within 24 months
  • 2Wages: at least 110% of county average annual wage
  • 3Must represent a new or expanding facility (not relocation of existing CO jobs)
  • 4Credit: 50% of employer FICA taxes on qualifying new employees
  • 57-year benefit period; apply before project begins

Do I qualify?

Answer the questions below to get an instant self-assessment of your fit for this program. This is informational — final determinations are made by the administering agency.

0 of 5 answered

1.Minimum 20 new full-time jobs within 24 months

2.Wages: at least 110% of county average annual wage

3.Must represent a new or expanding facility (not relocation of existing CO jobs)

4.Credit: 50% of employer FICA taxes on qualifying new employees

5.7-year benefit period; apply before project begins

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