RubinBrown reminds its clients and contacts that for all businesses located in Enterprise Zones, Colorado requires pre-certification of eligibility for Enterprise Zone Credits. This became effective January 1, 2012.
Failure to obtain pre-certification prior to any business activity that would generate the Entreprise Zone Credit will negate the availability of any credits. This includes the investment tax credit, commercial vehicle investment tax credit, new business facility jobs credit, research and development credit, qualified job training credit, and rehabilitation of vacant commercial buildings credit. (NOTE: Pre-certification is not required for the contribution tax credit.) Pre-certification must be obtained for each year that a credit would otherwise be generated.
You may also submit DR 0074, DR0076, or DR 077 certification forms to the zone administrator.
Please contact RubinBrown if you would like assistance in determining if your business is located in an Enterprise Zone, will be eligible for credits, or to obtain pre-certification.
Under U.S. Treasury Department guidelines, we hereby inform you that any tax advice contained in this communication is not intended or written to be used, and cannot be used by you for the purpose of avoiding penalties that may be imposed on you by the Internal Revenue Service, or for the purpose of promoting, marketing or recommending to another party any transaction or matter addressed within this tax advice. Further, RubinBrown LLP imposes no limitation on any recipient of this tax advice on the disclosure of the tax treatment or tax strategies or tax structuring described herein.
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