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Colorado Department of Revenue
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2021 Corporate Statistics of Income
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Table 13. All Corporations: Colorado Tax Credits by Size of Colorado Taxable Income
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This table summarizes the types of Colorado credits claimed by all C corporations, by Colorado taxable income group.
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I. Number of Returns
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Size of Colorado Taxable IncomeStrategic Capital Tax CreditGross Conservation Easement CreditInnovative Motor Vehicle Credit ¹Business Personal Property CreditNew Investment Tax CreditOld Investment Tax CreditCrop and Livestock Contribution CreditHistoric Property Preservation CreditChild Care Contribution CreditChild Care Center Investment CreditEmployer Child Care Facility Investment CreditSchool-to-Career Investment CreditColorado Works Program CreditRemediation of Contaminated Land CreditAircraft Manufacturer New Employee CreditColorado Job Growth Incentive CreditCertified Colorado Disability Funding Committee License Fee CreditAffordable Housing CreditFood Contributed to Hunger Relief Charitable Organizations CreditPreservation of Historic Structures CreditRural Jump-Start Zone CreditEmployer Contribution to Employee 529 Plan CreditEmployer Paid Leave of Absence for Live Organ Donation CreditEZ Renewable Energy Investment Tax Credit (Refundable)EZ Investment Tax CreditEZ Commercial Vehicle Investment Tax CreditEZ Renewable Energy Investment Tax Credit (Nonrefundable)EZ Business Facility New Employee CreditEZ Enhanced Rural New Employee CreditEZ Agricultural Processing New Employee CreditEZ Enhanced Rural Agricultural Processing New Employee CreditEZ Employee Health Insurance CreditEZ Contribution CreditEZ Vacant Commercial Building Rehabilitation CreditEZ Research and Experimental Activities CreditEZ Job Training Investment Tax CreditTotal Credits ²
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Negative Income000110000000000000000000300000000000014
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$0 under $10K00NR1132NR004000000000000NR003900NRNR000800NR92
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$10K under $20K000NR7NR0050000000000000001200NR000060NR032
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$20K under $30K000NR50004000000NR000000001000NR000NRNR00NR23
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$30K under $40K000NRNR000000000000000000070000000400014
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$40K under $50K00005NR00NR000000NR00000000300NRNR00000009
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$50K under $60K0NR00NR0000000000NR00000000140000000NR0NR019
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$60K under $75K0000100003000000000000000600NR000030NRNR16
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$75K under $100K000NR8NRNR0NR000000000000000110030NR00000020
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$100K under $200K0NR0NR280006000000NR0000000029003NR0NRNR1100461
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$200K under $500K000NR26NR00500000000000000030006NR00NR1005461
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$500K under $1M000320000300000000000000023007000NR1000NR43
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$1M and over08NR181163002400NR0302003070000116NRNR324NR093601718251
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Total0104522628NR05700NR0302503070NR03300NRNR588NRNR149202531655
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II. Colorado Tax Credits
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Size of Colorado Taxable IncomeStrategic Capital Tax CreditGross Conservation Easement CreditInnovative Motor Vehicle Credit ¹Business Personal Property CreditNew Investment Tax CreditOld Investment Tax CreditCrop and Livestock Contribution CreditHistoric Property Preservation CreditChild Care Contribution CreditChild Care Center Investment CreditEmployer Child Care Facility Investment CreditSchool-to-Career Investment CreditColorado Works Program CreditRemediation of Contaminated Land CreditAircraft Manufacturer New Employee CreditColorado Job Growth Incentive CreditCertified Colorado Disability Funding Committee License Fee CreditAffordable Housing CreditFood Contributed to Hunger Relief Charitable Organizations CreditPreservation of Historic Structures CreditRural Jump-Start Zone CreditEmployer Contribution to Employee 529 Plan CreditEmployer Paid Leave of Absence for Live Organ Donation CreditEZ Renewable Energy Investment Tax Credit (Refundable)EZ Investment Tax CreditEZ Commercial Vehicle Investment Tax CreditEZ Renewable Energy Investment Tax Credit (Nonrefundable)EZ Business Facility New Employee CreditEZ Enhanced Rural New Employee CreditEZ Agricultural Processing New Employee CreditEZ Enhanced Rural Agricultural Processing New Employee CreditEZ Employee Health Insurance CreditEZ Contribution CreditEZ Vacant Commercial Building Rehabilitation CreditEZ Research and Experimental Activities CreditEZ Job Training Investment Tax CreditTotal Credits
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Negative Income$0 $0 $0 $3,725 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $2,096,197 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $2,099,922
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$0 under $10K$0 $0 NR$2,679 $4,506 NR$0 $0 $555 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 NR$0 $0 $5,770 $0 $0 NRNR$0 $0 $0 $1,836 $0 $0 NRNR
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$10K under $20K$0 $0 $0 NR$3,200 NR$0 $0 $1,311 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $5,302 $0 $0 NR$0 $0 $0 $0 $1,708 $0 NR$0 $14,694
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$20K under $30K$0 $0 $0 NR$3,419 $0 $0 $0 $3,387 $0 $0 $0 $0 $0 $0 NR$0 $0 $0 $0 $0 $0 $0 $0 $9,578 $0 $0 NR$0 $0 $0 NRNR$0 $0 NR$25,954
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$30K under $40K$0 $0 $0 NRNR$0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $7,521 $0 $0 $0 $0 $0 $0 $0 $537 $0 $0 $0 $10,608
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$40K under $50K$0 $0 $0 $0 $4,417 NR$0 $0 NR$0 $0 $0 $0 $0 $0 NR$0 $0 $0 $0 $0 $0 $0 $0 $3,927 $0 $0 NRNR$0 $0 $0 $0 $0 $0 $0 NR
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$50K under $60K$0 NR$0 $0 NR$0 $0 $0 $0 $0 $0 $0 $0 $0 $0 NR$0 $0 $0 $0 $0 $0 $0 $0 $34,331 $0 $0 $0 $0 $0 $0 $0 NR$0 NR$0 $43,405
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$60K under $75K$0 $0 $0 $0 $7,734 $0 $0 $0 $2,976 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $13,273 $0 $0 NR$0 $0 $0 $0 $1,293 $0 NRNR$28,947
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$75K under $100K$0 $0 $0 NR$6,282 NRNR$0 NR$0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $25,202 $0 $0 $7,974 $0 NR$0 $0 $0 $0 $0 $0 $49,066
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$100K under $200K$0 NR$0 NR$18,804 $0 $0 $0 $11,503 $0 $0 $0 $0 $0 $0 NR$0 $0 $0 $0 $0 $0 $0 $0 $76,774 $0 $0 $9,934 NR$0 NRNR$18,521 $0 $0 $737 $157,143
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$200K under $500K$0 $0 $0 NR$20,626 NR$0 $0 $34,013 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $173,886 $0 $0 $40,579 NR$0 $0 NR$12,372 $0 $17,351 $10,696 $323,618
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$500K under $1M$0 $0 $0 $1,125 $18,552 $0 $0 $0 $10,500 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $233,252 $0 $0 $82,860 $0 $0 $0 NR$9,247 $0 $0 NR$356,604
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$1M and over$0 $3,525,778 NR$21,120 $111,104 $31,675 $0 $0 $271,889 $0 $0 NR$0 $257,997 $0 $8,463,681 $0 NR$0 $2,060,768 $0 $0 $0 $0 $19,652,427 NRNR$5,230,626 $17,880 NR$0 $1,040,837 $275,661 $0 $1,642,794 $1,144,333 $45,964,259
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Total$0 $3,536,987 $720,000 $36,801 $202,307 $39,934 NR$0 $337,634 $0 $0 NR$0 $257,997 $0 $8,474,648 $0 NR$0 $2,060,768 $0 NR$0 $2,096,197 $20,241,243 NRNR$5,377,258 $28,289 NRNR$1,046,874 $322,628 $0 $1,662,150 $1,157,856 $49,527,304
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III. Average Tax Credits per Return
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Size of Colorado Taxable IncomeStrategic Capital Tax CreditGross Conservation Easement CreditInnovative Motor Vehicle Credit ¹Business Personal Property CreditNew Investment Tax CreditOld Investment Tax CreditCrop and Livestock Contribution CreditHistoric Property Preservation CreditChild Care Contribution CreditChild Care Center Investment CreditEmployer Child Care Facility Investment CreditSchool-to-Career Investment CreditColorado Works Program CreditRemediation of Contaminated Land CreditAircraft Manufacturer New Employee CreditColorado Job Growth Incentive CreditCertified Colorado Disability Funding Committee License Fee CreditAffordable Housing CreditFood Contributed to Hunger Relief Charitable Organizations CreditPreservation of Historic Structures CreditRural Jump-Start Zone CreditEmployer Contribution to Employee 529 Plan CreditEmployer Paid Leave of Absence for Live Organ Donation CreditEZ Renewable Energy Investment Tax Credit (Refundable)EZ Investment Tax CreditEZ Commercial Vehicle Investment Tax CreditEZ Renewable Energy Investment Tax Credit (Nonrefundable)EZ Business Facility New Employee CreditEZ Enhanced Rural New Employee CreditEZ Agricultural Processing New Employee CreditEZ Enhanced Rural Agricultural Processing New Employee CreditEZ Employee Health Insurance CreditEZ Contribution CreditEZ Vacant Commercial Building Rehabilitation CreditEZ Research and Experimental Activities CreditEZ Job Training Investment Tax CreditTotal Credits
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Negative Income$0 $0 $0 $339 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $698,732 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $149,994
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$0 under $10K$0 $0 NR$244 $141 NR$0 $0 $139 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 NR$0 $0 $148 $0 $0 NRNR$0 $0 $0 $230 $0 $0 NRNR
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$10K under $20K$0 $0 $0 NR$457 NR$0 $0 $262 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $442 $0 $0 NR$0 $0 $0 $0 $285 $0 NR$0 $459
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$20K under $30K$0 $0 $0 NR$684 $0 $0 $0 $847 $0 $0 $0 $0 $0 $0 NR$0 $0 $0 $0 $0 $0 $0 $0 $958 $0 $0 NR$0 $0 $0 NRNR$0 $0 NR$1,128
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$30K under $40K$0 $0 $0 NRNR$0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $1,074 $0 $0 $0 $0 $0 $0 $0 $134 $0 $0 $0 $758
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$40K under $50K$0 $0 $0 $0 $883 NR$0 $0 NR$0 $0 $0 $0 $0 $0 NR$0 $0 $0 $0 $0 $0 $0 $0 $1,309 $0 $0 NRNR$0 $0 $0 $0 $0 $0 $0 NR
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$50K under $60K$0 NR$0 $0 NR$0 $0 $0 $0 $0 $0 $0 $0 $0 $0 NR$0 $0 $0 $0 $0 $0 $0 $0 $2,452 $0 $0 $0 $0 $0 $0 $0 NR$0 NR$0 $2,284
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$60K under $75K$0 $0 $0 $0 $773 $0 $0 $0 $992 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $2,212 $0 $0 NR$0 $0 $0 $0 $431 $0 NRNR$1,809
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$75K under $100K$0 $0 $0 NR$785 NRNR$0 NR$0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $2,291 $0 $0 $2,658 $0 NR$0 $0 $0 $0 $0 $0 $2,453
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$100K under $200K$0 NR$0 NR$672 $0 $0 $0 $1,917 $0 $0 $0 $0 $0 $0 NR$0 $0 $0 $0 $0 $0 $0 $0 $2,647 $0 $0 $3,311 NR$0 NRNR$1,684 $0 $0 $184 $2,576
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$200K under $500K$0 $0 $0 NR$793 NR$0 $0 $6,803 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $5,796 $0 $0 $6,763 NR$0 $0 NR$1,237 $0 $3,470 $2,674 $5,305
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$500K under $1M$0 $0 $0 $375 $928 $0 $0 $0 $3,500 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $10,141 $0 $0 $11,837 $0 $0 $0 NR$925 $0 $0 NR$8,293
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$1M and over$0 $440,722 NR$1,173 $958 $10,558 $0 $0 $11,329 $0 $0 NR$0 $85,999 $0 $423,184 $0 NR$0 $294,395 $0 $0 $0 $0 $169,417 NRNR$163,457 $4,470 NR$0 $115,649 $7,657 $0 $96,635 $63,574 $183,125
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Average$0 $353,699 $180,000 $708 $772 $4,992 NR$0 $5,923 $0 $0 NR$0 $85,999 $0 $338,986 $0 NR$0 $294,395 $0 NR$0 $698,732 $67,471 NRNR$92,711 $3,536 NRNR$74,777 $3,507 $0 $66,486 $37,350 $75,614
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Source: Colorado C corporation income tax returns
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EZ - Enterprise Zone
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NR - Not releasable due to confidentiality requirements. Total includes NR data.
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¹ The innovative motor vehicle credit represents an aggregate total of innovative motor vehicle credits and innovative truck credits claimed on returns.
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² The total number of returns are not a sum of the counts presented because multiple credits can be claimed on a single return. The total represents the number of returns claiming any number of credits.
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Prepared by: Office of Research and Analysis, Colorado Department of Revenue | dor_ora@state.co.us
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Data extracted: August 24, 2023
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Publish date: July 2024
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