Form Dr 0075 PDF Details

Understanding the complexities of tax incentives can significantly benefit taxpayers looking to leverage their contributions for both social good and tax benefits. The DR 0075 form, a pivotal document issued by the Colorado Department of Revenue, serves this exact purpose for individuals and businesses making qualified contributions within Colorado Enterprise Zones. This form not only facilitates the claim of a tax credit but also ensures that such claims adhere to the guidelines set forth by the state. Specifically designed for contributions exceeding $250, it demands a detailed declaration of both cash and in-kind contributions. Moreover, it highlights the necessity for electronic filing of income tax returns along with an EZ Carryforward Schedule for those aiming to claim the Enterprise Zone credit. Intriguingly, this form also touches upon privacy concerns, outlining the conditions under which contribution information may become public. Furthermore, it delineates the roles and responsibilities of certified organizations or zone administrators in the certification process, ensuring that all contributions are duly accounted for and utilized as intended. Such meticulous documentation underscores the state's commitment to transparency and accountability in the allocation of tax incentives, making the DR 0075 form a crucial tool for contributors, administrators, and the state alike.

QuestionAnswer
Form NameForm Dr 0075
Form Length2 pages
Fillable?No
Fillable fields0
Avg. time to fill out30 sec
Other namesFYI, colorado dr 1366 instructions, Carryforward, RevenueOnline

Form Preview Example

DR 0075 (07/19/13)

COLORADO DEPARTMENT OF REVENUE

Denver, CO 80261-0005

*130075==19999*

Certiication of

Qualiied Enterprise Zone Contribution

This form must be completed and certiied before claiming

the Colorado Enterprise Zone contribution income tax credit. Submit a copy of this certiied form with your

Colorado income tax return if your total contributions tax credit for the year exceeds $250. Otherwise, retain a certiied copy with your tax records. Tax credits are not available to contributors who receive a direct beneit from the contribution. Taxpayers who make both cash and in- kind contributions during the year should see FYI Income 23 for information on computing the credit.

Note- In order to claim an Enterprise Zone credit, you must electronically ile your income tax return and the EZ Carryforward Schedule (DR 1366). For an electronic iling

hardship exception, call 303-238-7378.

Pursuant to §39-30-103.5(7), C.R.S., information on the source and amount of enterprise zone contributions may be disclosed as a public record.

To be completed by Certiied Organization or Zone Administrator Receiving Contribution

Last Name or Business Name

First Name

Middle Initial

Address

City

State

Zip

SSN or Colorado Account Number

 

 

 

Phone Number

 

 

 

 

 

 

 

 

 

 

 

 

 

 

(

)

 

 

 

 

 

 

 

 

 

 

Name of Organization, Program or Project Receiving/Beneiting from Contribution

FEIN

 

 

 

Phone Number

 

 

 

 

 

 

(

)

 

 

 

 

 

 

 

 

 

1. Cash contributed to you for enterprise zone

Date (MM/DD/YY)

 

Amount of

Tax Credit

project by person/organization above

Contribution

 

 

 

Credit is 25% of the amount of contribution

 

$

 

 

$

 

 

 

 

 

 

 

 

2.In-kind contributions: Description of, and your valuation of, non-monetary contributions to you by person/organization above. Credit for in-kind contributions alone is one-half of percentage allowed for cash contributions. Attach additional sheet if necessary.

Item - Credit is 12.5% of the value of contribution

Date (MM/DD/YY)

Value of

Tax Credit

Contribution

 

 

 

 

$

 

$

 

 

 

 

 

$

 

$

3.Zone administrator-approved use to which contribution has been/will be put. Be speciic.

Certiication of Receipt of Qualiied Contribution

I, duly authorized Enterprise Zone Administrator or oficial of this certiied Enterprise Zone organization, hereby certify

the receipt of, and the value and use of these contributors.

Signature of Enterprise Zone Administrator or Authorized Oficial of Qualiied Organization

Title

Date (MM/DD/YY)

*130075==29999*

Certiication of Organization/Project — to be completed by Enterprise Zone Administrator

I, duly authorized Enterprise Zone Administrator or oficial of this certiied Enterprise Zone organization, hereby certify

the receipt of, and the value and use of these contributors.

Name of Beneiting Organization, Program or Project

Date this project irst approved by zone (MM/DD/YY)

 

Certiication Period

(MM/YY-MM/YY)

 

 

 

–

 

 

 

 

Address

City

State Zip

To be signed if this form certiies an organization to receive direct contributions; leave blank if contribution is to you as zone administrator.

I, duly authorized enterprise zone administrator, hereby certify that the above named organization, program or project has been certiied to receive direct contributions on behalf of the speciied enterprise zone purpose. I further certify that the organization, program or project has been accepted by the state Economic Development Commission.

Signature of Enterprise Zone Administrator

Enterprise Zone

Date (MM/DD/YY)

* Become a registered user of www.Colorado.gov/RevenueOnline to see your assigned Colorado Account Number

Visit www.advancecolorado.com/ez for Enterprise Zone information including Enterprise Zone Administrator contact information.

For more information and answers to questions see FYI Publication Income 23, which is available at www.TaxColorado.com For additional help, send a secure message through www.Colorado.gov/RevenueOnline or call 303-238-SERV (7378)

How to Edit Form Dr 0075 Online for Free

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1. The EZ involves certain information to be inserted. Ensure that the following blanks are completed:

Tips on how to fill in YY portion 1

2. Immediately after this selection of blank fields is filled out, go to enter the applicable information in all these: Title, and Date MMDDYY.

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It is easy to make an error when completing your Title, for that reason ensure that you take a second look before you'll submit it.

3. In this part, have a look at Certiication of, Date this project irst approved by, Certiication Period MMYYMMYY, Address, City, State, Zip, To be signed if this form certiies, Enterprise Zone, Date MMDDYY, and Become a registered user of. Every one of these need to be filled out with greatest awareness of detail.

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