The DR 0074 form, a crucial document issued by the Colorado Department of Revenue, serves as a pre-certification form for businesses located within Enterprise Zones seeking to claim income tax credits for various qualifying activities. Starting from January 1, 2012, this pre-certification became a mandatory step before a business could engage in activities eligible for these tax credits, highlighting the state's move towards streamlining the process electronically via the Colorado Department of Economic Development's web portal. This form not only facilitates the initial steps towards gaining essential tax benefits but also intricately details the compliance and eligibility criteria necessary for businesses aiming to leverage the economic incentives offered within Colorado's designated Enterprise Zones. By completing this form, businesses affirm their awareness of the Enterprise Zone program and the significant role these tax credits play in their operational decisions, including startup, expansion, or relocation efforts within an Enterprise Zone. Additionally, the form serves as a gateway for businesses to later complete further certification procedures, effectively ensuring that their facility's location and operations align with the stipulated requirements for receiving state-backed financial incentives. Importantly, the document emphasizes electronic submissions to minimize errors and expedite processing, underlining the state's commitment to efficiency and accessibility in economic development initiatives.
| Question | Answer |
|---|---|
| Form Name | Form Dr 0074 |
| Form Length | 3 pages |
| Fillable? | No |
| Fillable fields | 0 |
| Avg. time to fill out | 45 sec |
| Other names | SLV, advancecolorado, Larimer, ItC |
DR 0074 (09/04/13)
COLORADO DEPARTMENT OF REVENUE
Denver, CO
*130074==19999*
Enterprise Zone Business
Instructions
Note — Beginning January 1, 2012,
WWW.ADVANCECOLORADO.COM/EZ.
After reading and signing the afirmation statement for your business, give the form to your Enterprise Zone Administrator. Enterprise Zone Administrators will sign their afirmation statement and return the form to the business.
Certiication Instructions: All claimants must complete Section I. Complete any part of Section II, including business address, that applies to your tax situation.
If you have more than one business location in this enterprise zone that requires precertiication, attach a list of business locations to this form.
Complete this form only if you cannot do so electronically. Electronic submissions reduce errors that may delay the processing of your applications and income tax returns.
For a list of Enterprise Zone Administrators visit
WWW.ADVANCECOLORADO.COM/EZ
I certify that I am aware of the Enterprise Zone program, that Enterprise Zone tax credits are a contributing factor to the startup, expansion or relocation of my business in the Enterprise Zone, and I acknowledge that this
Business Owner or Authorized Company Oficial Signature |
Date (MM/DD/YY) |
I hereby certify to the State of Colorado, Department of Revenue, that the above named facility is entirely within the designated Enterprise Zone; and hereby
Enterprise Zone Administrator
Section I
Date (MM/DD/YY)
For tax years beginning after August 6, 2002, this certification is public record and copies will be available from the enterprise zone administrator.
Check here if this certiication is for an earlier tax year and is a conidential tax document:
Tax Year Beginning (MM/YY)
This form certiies that your facility is located within the boundaries of a Colorado Enterprise Zone, and collects information required by
To claim the Colorado Enterprise Zone income tax beneits:
Calculate your Colorado Enterprise Zone Tax Credits, following the instructions on Form 112CR (Corporation), 106CR (Partnership/S Corp), or 104CR (Individual).
If iling electronically, you can expect an email from your Enterprise Zone Administrator within
Do not send this form to the Department of Revenue or Ofice of Economic Development and International Trade for Certiication.
Submit a copy of the certiied form when you ile your Colorado Income Tax return. Certiication is not required for an Enterprise Zone Investment Tax Credit of less than $450. A new form is required each year you claim Colorado Enterprise Zone Tax Credits.
Note to "S" Corporation and Partnership ilers: Please provide to all appropriate partners and shareholders a copy of the certiicate along with a calculation of their proportionate share of any enterprise zone credits claimed and attach a copy of the DR 0078A to specify the partner/shareholder name, ID number and amount of credit passed through to them.
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*130074==29999* |
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Section II |
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All Claimants must complete this information. |
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Check here if a certiication has been iled |
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Tax Year Ending (MM/YY) |
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for this facility in a prior year: |
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Enterprise Zone |
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Type of Business (retail, mfg, farm, etc) |
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Business Name |
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Address |
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City |
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State |
Zip |
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NAICS code from www.census.gov/naics |
Colorado |
Account Number |
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SSN or FEIN |
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Date facility began operations at this location |
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Business Phone Number |
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Did this facility relocate from another Colorado location? |
Yes |
No |
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The following information is required regardless of whether or not any jobs credits are being claimed. For statistical purposes,
Number of owners/workers/employees at facility beginning of tax year |
Number at end of tax year |
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Change in total (end of year – beginning) |
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Number of employees transferred from another Colorado facility owned by taxpayer to this facility |
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Note: The following section on average |
compensation is not required if it will reveal the compensation paid to any |
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individual employee. |
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Employee Category |
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Number of Employees |
Average Annual |
Average Hourly |
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Compensation including |
Compensation including |
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(as deined by employer) |
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in category |
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beneits per employee |
beneits per employee |
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Temporary employees |
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Contract employees |
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Investment Tax Credit (ITC)
If this was an
Total capital investment in zone during year |
$ |
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Capital investment qualifying for ITC during year |
$ |
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Amount of 3% EZ Investment Tax Credit claimed |
$ |
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Job Training Tax Credit |
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Number of employees trained |
Amount of 10% EZ Job Training Tax Credit claimed |
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$ |
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*130074==39999*
New Business Facility Jobs Credit
Number of qualifying new business |
facility jobs |
Were the |
qualifying employees leased |
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Yes |
No |
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from another company? |
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Amount of new business facility jobs tax credit claimed |
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$ |
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Amount of agricultural processing new business facility jobs tax credit claimed |
$ |
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Amount of health insurance new business facility jobs tax credit claimed |
$ |
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Enhanced Rural EZ credits: |
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Qualiied County |
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Enhanced new business facility jobs tax credit claimed |
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$ |
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Enhanced agricultural processing NBF jobs tax credit claimed |
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$ |
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To claim new jobs credits, you must qualify under one of the following three criteria |
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1. If qualifying new business facility: |
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a. Give date facility was established (MM/DD/YY) |
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2. If qualifying expansion new business facility |
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a. Give date of qualiication (MM/DD/YY) |
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$1,000,000 investment |
10 employee increase over preceding |
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b. Was qualiication a result of |
12 month average |
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100% investment increase |
10 percent employment increase over |
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preceding 12 month average |
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3. If qualifying replacement new business facility |
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a. Give date of qualiication (MM/DD/YY) |
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b. Was qualiication a result of |
$3,000,000 investment or |
300% investment increase |
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Taxpayer Signature |
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I declare that all of the above information is true and correct to the best of my knowledge and belief. |
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Signature of Authorized Company Oficial/Owner |
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Print Name |
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Title |
Business Name |
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Tax preparer or other contact for follow up information (please print) |
Fax Number |
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( |
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Date (MM/DD/YY)
Colorado Account Number, FEIN or SSN
Phone Number
()
Certiication by Zone Administrator
I, the duly authorized administrator of the
Effective Date of Zone for the Location (MM/DD/YY)
Signature of Zone Administrator
Date (MM/DD/YY)
For more information about Enterprise Zone, contact the agencies listed below:
Colorado Department of Revenue |
Colorado Ofice of Economic Development |
Denver, CO |
and International Trade |
Phone: |
1625 Broadway, Suite 2700 |
See "FYI" Publications for additional information: |
Denver, CO 80202 |
www.TaxColorado.com |
Phone: |
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www.AdvanceColorado.com/EZ |