Colorado R&D Tax Credit Summary

R&D Tax Credit Available

Yes

STATE

Colorado

NAME

Research and Development Income Tax Credit for Enterprise Zones

DOES IT APPLY TO C-CORPS & PASS THROUGHS?

Yes

DESCRIPTION

Nonrefundable credit with similar definition to federal for Qualified Research Expenses and Qualified Research Activities, except only include Colorado-based expenses.

PERCENTAGE

3% on incremental expenses over base amount similar to federal ASC.