Colorado Credit Schedule for Corporations
Extracted from PDF file 2019-colorado-form-112-cr.pdf, last modified October 2013
Credit Schedule for Corporations*190112CR19999* DR 0112CR (07/03/19) COLORADO DEPARTMENT OF REVENUE Colorado.gov/Tax 2019 Credit Schedule for Corporations Submit the DR 0112CR with your tax return •• Use this schedule to determine which tax credits you are eligible to claim. •• Be sure to submit the required supporting documentation for each credit claimed, including supporting schedules. •• Most e-file software products and tax preparers have the ability to submit this schedule and attachments electronically. If you do not attach the documents electronically, fill out and submit the DR 1778 with your return and include all required supporting documentation. Revenue Online can also be used to file your return and attachments electronically. Otherwise, include ALL required documents to your paper return. •• Dollar amounts shall be rounded to the nearest whole dollar. Calculate percentages to the fourth decimal place. Round to four significant digits, e.g. xxx.xxxx Name of Corporation Colorado Account Number Pass-through Entity Name Ownership % Entity Account Number Enter in Section (A) the total credit generated in 2019 and any carryforward credit that is available from a prior year. Enter in Section (B) the portion of the credit in Section (A) that is being used to offset tax in 2019. If Section (A) is larger than Section (B), the credit can generally be carried forward to future years. 1. Tax liability from the DR 0112 line 19 1 A. The New Investment Tax Credit 2. $1,000 minus amount on line 7 2 3. Current year qualified investment 3 4. 1% of the amount on line 3 4 5. New investment tax credit carried over from prior year 6. Enter in Section (A) the total of lines 4 and 5. The amount entered in Section (B) cannot exceed either the amount in Section (A) or the amount on line 2. 5 6 B. Other Credits 7. Old investment tax credit 7 8. Crop and livestock contribution credit 8 9. Historic property preservation credit (per §39-22-514, C.R.S.), you must submit the certification with your return. 9 10. Child Care Contribution credit, you must submit the DR 1317 with your return. 10 11. Child care center/family care home investment credit, you must submit a copy of your facility license and a list of depreciable tangible personal property with your return. 11 12. Employer child care facility investment credit, you must submit a copy of your facility license and a list of depreciable tangible personal property with your return. 12 13. School-to-Career investment credit, you must submit your certification letter with your return. 13 Section (A) Section (B) Credit Available (Column (A)) Credit Used (Column (B)) *190112CR29999* DR 0112CR (07/03/19) COLORADO DEPARTMENT OF REVENUE Colorado.gov/Tax Name Account Number Credit Available (Column (A)) 14. Colorado works program credit, you must submit a copy of the letter from the county Department of Social/Human Services 14 with your return. 15. Contaminated land redevelopment credit from line 9 of form DR 0349, you must submit the DR 0349 with your return. 15 16. Aircraft manufacturer new employee credit, you must submit the DR 0085 and DR 0086 with your return. 16 17. Colorado Job growth incentive credit, you must submit certification from the EDC with your return. 17 18. Certified auction group license fee credit, you must submit a copy of the certification with your return. 18 19. Advanced Industry Investment credit, you must submit certification from the EDC with your return. 19 20. Affordable housing credit, you must submit the CHFA certification with your return 20 21. Credit for food contributed to hunger-relief charitable organizations, you must submit the DR 0346 with your return. 21 22. Preservation of Historic Structures credit(per §39-22-514.5, C.R.S.) carried forward from a prior year. 22 23. Preservation of Historic Structures credit (per §39-22-514.5, C.R.S.), you must submit the certificate from OEDIT, History Colorado, or local granting authority with your return. 23 24. If you are claiming the Preservation of Historic Structures credit, enter your credit certificate number issued by OEDIT, History Colorado, or local granting authority. 24 25. Rural Jump Start Zone credit, you must submit certificate from Office of Economic Development AND the DR 0113 with your return. 25 26. Credit for employer contributions to employee 529 plan, you must submit DR 0289 with your return. 26 27. Total nonrefundable credits, add both columns from lines 6 through 26, exclude the certificate number on line 24. Enter here and transfer column B to the DR 0112 line 20 27 Limitation: The total credits entered on line 27 on this DR 0112CR may not exceed the tax on line 1. Credit Used (Column (B))
Form 112 CR
More about the Colorado Form 112 CR Corporate Income Tax Tax Credit
Submit the DR 0112CR with your tax return. Use this schedule to determine which tax credits you are eligible to claim. Be sure to submit the required supporting documentation for each credit claimed, including supporting schedules.
We last updated the Credit Schedule for Corporations in February 2020, and the latest form we have available is for tax year 2019. This means that we don't yet have the updated form for the current tax year. Please check this page regularly, as we will post the updated form as soon as it is released by the Colorado Department of Revenue. You can print other Colorado tax forms here.
Other Colorado Corporate Income Tax Forms:
|Form Code||Form Name|
|Form 106||Partnership / S-Corporation Pass-Through Entities Tax Booklet|
|Form 107||Nonresident Partner/Shareholder Agreement|
|112 Booklet||C-Corporation Income Tax Return Booklet|
|Form DR 5785||Electronic Funds Transfer (EFT) Authorization|
|Form 108||Nonresident Partner/Shareholder Statement of Remittance|
Colorado usually releases forms for the current tax year between January and April. We last updated Colorado Form 112 CR from the Department of Revenue in February 2020.
Form 112 CR is a Colorado Corporate Income Tax form. States often have dozens of even hundreds of various tax credits, which, unlike deductions, provide a dollar-for-dollar reduction of tax liability. Some common tax credits apply to many taxpayers, while others only apply to extremely specific situations. In most cases, you will have to provide evidence to show that you are eligible for the tax credit, and calculate the amount of the credit to which you are entitled.
About the Corporate Income Tax
The IRS and most states require corporations to file an income tax return, with the exact filing requirements depending on the type of company.
Sole proprietorships or disregarded entities like LLCs are filed on Schedule C (or the state equivalent) of the owner's personal income tax return, flow-through entities like S Corporations or Partnerships are generally required to file an informational return equivilent to the IRS Form 1120S or Form 1065, and full corporations must file the equivalent of federal Form 1120 (and, unlike flow-through corporations, are often subject to a corporate tax liability).
Additional forms are available for a wide variety of specific entities and transactions including fiduciaries, nonprofits, and companies involved in other specific types of business.
Historical Past-Year Versions of Colorado Form 112 CR
We have a total of seven past-year versions of Form 112 CR in the TaxFormFinder archives, including for the previous tax year. Download past year versions of this tax form as PDFs here:
While we do our best to keep our list of Colorado Income Tax Forms up to date and complete, we cannot be held liable for errors or omissions. Is the form on this page out-of-date or not working? Please let us know and we will fix it ASAP.