Links:
Qualified Job Training
Colorado Department of Revenue, Taxpayer Service Division
Qualified Job Training
Enterprise Zone Qualified
Job Training Program Investment Credit
(Revised
09/98)
For income tax years beginning on or after January 1, 1997, Colorado taxpayers are allowed to claim a credit of ten percent of their total current year investment in a qualified job training program. [§39-30-104(4) C.R.S]
"Qualified job training program" means a structured training or basic education program conducted on-site or off-site by the taxpayer or another entity to improve the job skills of employees who are employed by the taxpayer. These employees must be working predominantly within an enterprise zone. (On the job training is not a qualified job training program.)
"Total investment" means
- Land, building, real property improvement, leasehold improvement, or space lease costs and the cost of any capital equipment purchased or leased by the taxpayer and used entirely within an enterprise zone primarily for qualified job training program purposes or to make a training site accessible to the extent such investments or costs do not qualify for the enterprise zone investment tax credit; and
- Expenses for a qualified job training program, whether incurred within or outside of an enterprise zone, including expensed equipment, supplies, training staff wages or fees, training contract costs, temporary space rental, travel expenses, and other expense costs of qualified job training programs for employ- ees working predominantly within an enterprise zone. (Wages of employees being trained are not includable expenses.) Excess credits may be carried forward for up to twelve years.
Further Information
For more information on related topics, consult the following DOR publications:
- FYI General 1 "Department of Revenue Publications";
- FYI General 6 "General Information About Colorado Enterprise Zones";
- FYI General 8 "The FYI Program - Index and General Information";
- FYI Income 10 "Enterprise Zone New Business Facility Employee Credits";
- FYI Income 11 "Enterprise Zone Investment Tax Credit";
- FYI Income 22 "Research and Development Income Tax Credit for Enterprise Zones";
- FYI Income 23 "Tax Credit for Private Contributions to Enterprise Zone Programs";
- FYI Income 24 "Tax Credit for the Rehabilitation of Vacant Buildings in an Enterprise Zone";
- FYI Income 32 "Enterprise Zone Qualified School-to-Work Investment Credit";
- FYI Sales 10 "Sales/Use Tax Manufacturing Equipment."
Other Colorado "FYI" Tax Publications
Colorado Tax Forms (commonly requested forms)
