Colorado Application for Extended Enterprise Zone Tax Credits
Extracted from PDF file 2023-colorado-form-dr-0078.pdf, last modified September 2013
Application for Extended Enterprise Zone Tax CreditsDR 0078 (07/25/14) COLORADO DEPARTMENT OF REVENUE Denver, CO 80261-0005 *140078==19999* Application for Extended Enterprise Zone Tax Credits in Terminated Enterprise Zone Area Joint Certification by Taxpayer and Enterprise Zone Administrator I. Enterprise Zone Date termination of this area officially announced: (MM/DD/YY) Effective date of termination of this zone area: II. Corporation or Last Name First Name Colorado Account Number SSN or FEIN Mailing Address Middle Initial City Contact Person's Last Name State First Name Location of Enterprise Zone Facility (MM/DD/YY) Zip Middle Initial City Date Established/Acquired/Planned to be Established by Taxpayer (MM/DD/YY) State Zip Phone Number ( ) III. Describe business planning documentation in place prior to the announcement of the zone termination (do not attach; retain with your tax records and send only if specifically requested by the Department): Real estate Plant or equipment Permit applications (zoning, building, acquisition plans purchasing specifications environmental, etc.) Utility service applications Financing plans Other If other, please describe IV. Planned Activity Eligible for Enterprise Zone Tax Credits through ten years following termination of zone. Amount of Planned Investment, Jobs, etc. Tax Credit For each applicable credit, first list only the planned and cumulative total amounts when requesting the certification. Then, complete the areas to designate the year and amount of each credit claimed. Contribution to enterprise zone administrator credit Cumulative Total Anticipated Tax Credits $ $ $ $ $ $ Year (YYYY) Credit Claimed Investment tax credit Year (YYYY) Credit Claimed Job training tax credit Year (YYYY) Credit Claimed *140078==29999* New business facility (NBF) employee credit $ Year (YYYY) Credit Claimed Agricultural processing NBF employee credit $ Year (YYYY) Credit Claimed NBF employee health insurance credit $ Year (YYYY) Credit Claimed V. Joint Certification by Taxpayer and Enterprise Zone Administrator We hereby certify to the Colorado Department of Revenue that the information provided herein is true and correct to the best of our knowledge. Taxpayer Signature Enterprise Zone Administrator Signature Title Date (MM/DD/YY) Date (MM/DD/YY) DR 0078 Instructions A taxpayer may request an extension of enterprise zone tax credits in: • a terminated enterprise zone area for up to 10 tax years, and • a terminated enhanced rural enterprise zone area for up to 5 years following the termination year. The taxpayer must jointly certify with the zone administrator that plans were in place for job creation, investment in job training programs, or capital expansion before the announcement of the zone termination. Detailed business planning documentation supporting the planned investment and job increases must be kept with your tax records and supplied to the zone administrator or the Department of Revenue upon request. [C.R.S. 39-30-103(6)(a)] Submit this form and a summary of the business plan to the local enterprise zone administrator. Upon review and approval, the zone administrator will sign the certification form and return it to the mailing address provided. Retain the certified form with your tax records. For any year in which credits are earned and claimed the form must be updated and, along with Form DR 0074, submitted to the local enterprise zone administrator for certification. The zone administrator will return the certified forms, which must be filed with your Colorado income tax return. For tax years 2012 and after, any enterprise zone credit must be claimed on an electronically filed return. Please see the DR 1366 form for more details. Extended credits are available only to the taxpaying entity that existed in the enterprise zone and filed the application for the extended credits. There is no provision for the transfer of those credits to a subsequent related entity. Nothing in this certification shall be construed to grant tax benefits that have been repealed by the general assembly or to grant tax benefits in excess of the limits established by law. Section IV: When first filing this form to request certification, information is required for each tax credit that is expected to be claimed during the extended credit period. Provide the cumulative total of the amount of investment, job training program expenditures, or number of NBF employees that will qualify for the credit and the cumulative total of the anticipated tax credits over the next five or ten year extension period. If the five-year extension is claimed for the enhanced rural enterprise zone credit, write "enhanced" after the name of the credit. When preparing your tax return each year during the five or ten year extended period, provide the tax year and the amount of the credit that is actually claimed during that year in the boxes provided below each credit. The cumulative total of each tax credit claimed during the extension period can not exceed the amount originally certified in the cumulative total column. Colorado Department of Revenue Denver, CO 80261-0005 Telephone 303-238-SERV(7378) Taxation Web site: www.TaxColorado.com Colorado Office of Economic Development and International Trade 1625 Broadway, Suite 2700 Denver, CO 80202 Telephone 303-892-3840 For a list of Zone Administrators and their contact information, visit: www.AdvanceColorado.com/EZ
Form DR 0078
More about the Colorado Form DR 0078 Corporate Income Tax TY 2023
This is the Application for Extended Enterprise Zone Tax Credits in Terminated Enterprise Zone Area. This is a Joint Certification by Taxpayer and Enterprise Zone Administrator.
We last updated the Application for Extended Enterprise Zone Tax Credits in February 2024, so this is the latest version of Form DR 0078, fully updated for tax year 2023. You can download or print current or past-year PDFs of Form DR 0078 directly from TaxFormFinder. You can print other Colorado tax forms here.
Related Colorado Corporate Income Tax Forms:
|Form DR 0078A
|Enterprise Zone Tax Credits - Pass-Through Entity Distribution Report
Colorado usually releases forms for the current tax year between January and April. We last updated Colorado Form DR 0078 from the Department of Revenue in February 2024.
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 DR 0078
We have a total of twelve past-year versions of Form DR 0078 in the TaxFormFinder archives, including for the previous tax year. Download past year versions of this tax form as PDFs here:
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