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Colorado Department of Revenue
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2019 Individual Statistics of Income
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Table 27. Colorado Tax Credits by Size of Federal AGI
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This table summarizes the Colorado tax credits claimed on Colorado returns by full-year residents.
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I. Number of Returns
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Size of Federal AGIStrategic Capital Tax CreditGross Conservation Easement CreditInnovative Motor Vehicle Credit ¹Child Care Expenses CreditColorado Earned Income Tax CreditBusiness Personal Property CreditCredit for Tax Paid to Another StatePlastic Recycling Investment CreditColorado Minimum Tax CreditHistoric Property Preservation CreditChild Care Center Investment CreditEmployer Child Care Facility Investment CreditSchool-to-Career Investment CreditColorado Works Program CreditChild Care Contribution CreditLong-Term Care Insurance CreditAircraft Manufacturer New Employee CreditRemediation of Contaminated Land CreditColorado Job Growth Incentive CreditCertified Auction Group License Fee CreditAdvanced Industry Investment CreditAffordable Housing CreditFood Contributed to Hunger Relief Charitable Organizations CreditPreservation of Historic Structures CreditRural Jump-Start Zone CreditRural and Frontier Health Care Preceptor CreditRetrofitting a Residence to Increase Residence's Visitability CreditEmployer Contribution to Employee 529 Plan 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 Income0NR 36 86 2,822 NR 14 0 0 0 0 0 0 0 21 NR 0 NR 0 0 0 0 0 0 0 0 0 0 0 NR 0 0 NR 0 0 0 0 NR 0 0 0 2,962
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$ 0 to $ 9,9990NR 23 1,216 77,753 NR 365 0 NR 0 0 0 0 0 11 13 0 0 NR 0 NR 0 0 0 0 0 0 0 0 NR 0 NR 0 0 0 0 0 NR 0 NR 0 78,230
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$ 10,000 to $ 19,9990NR 36 3,297 91,523 NR 2,669 NRNR 0 NR 0 NRNR 26 95 0 0 0 0 NR 0 0 0 0 0 0 NR 0 67 0 0 NR 0 0 0 NR 17 NR 0 NR 94,298
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$ 20,000 to $ 29,9990NR 45 4,675 56,119 NR 3,164 NR 32 NR 14 0 NRNR 79 260 0 0 NR 0 0 0 0 0 0 0 0 0 0 131 NRNR 15 0 NR 0 NR 32 NR 0 NR 59,813
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$ 30,000 to $ 39,9990NR 61 6,123 53,759 11 3,122 0 47 NR 18 0 NRNR 130 448 0 0 NR 0 0 0 NRNRNR 0 NRNRNR 173 0 0 12 NR 0 0 0 77 NRNRNR 57,741
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$ 40,000 to $ 49,9990 10 76 5,078 23,287 NR 2,937 NR 43 NR 17 NRNRNR 208 1,245 0 NR 0 NRNR 0 NRNRNR 0 NRNR 0 229 0 NR 14 NRNRNRNR 159 NRNRNR 30,767
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$ 50,000 to $ 59,9990NR 103 4,325 3,747 10 2,965 NR 44 NR 24 0 NR 0 343 1,456 0 0 NR 0 NR 0 0 NRNR 0 NRNRNR 226 NRNR 20 NR 0 0 NR 180 NRNRNR 12,946
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$ 60,000 to $ 74,9990 10 198 11 16 10 4,477 0 87 NR 38 0 NR 0 588 1,692 0 0 NR 0 NR 0 0 NRNRNRNRNRNR 289 0 0 34 11 0 NRNR 382 NRNR 15 7,606
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$ 75,000 to $ 99,9990 12 394 NRNR 20 7,042 0 132 NR 74 NRNRNR 1,336 2,661 0 0 NR 0 NRNRNRNRNRNRNR 13 0 442 NRNR 39 22 NRNRNR 923 NRNR 34 12,539
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$ 100,000 to $ 199,9990 47 1,501 NR 10 80 19,114 NR 714 19 146 NRNRNR 5,146 3,498 0 0 NR 0 23 0 NR 23 NR 37 NR 38 NR 969 NRNR 148 42 NRNR 16 3,348 12 17 118 32,553
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$ 200,000 to $ 499,9990 78 1,442 0 NR 78 15,474 0 1,882 NR 107 NRNRNR 5,628 NR 0 NR 17 0 19 0 NR 26 NR 37 0 42 NR 757 NRNR 182 36 11 NR 20 3,085 15 44 204 25,602
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$ 500,000 to $ 999,9990 51 348 0 0 19 4,782 0 677 NR 27 NR 0 NR 1,957 0 0 NR 21 0 NR 0 0 12 0 NR 0 NRNR 258 NRNR 77 NRNRNR 15 1,016 NR 23 86 7,550
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$ 1,000,000 and over0 75 177 0 NR 19 3,707 0 281 NRNRNR 0 0 1,302 0 0 NR 26 0 17 0 0 NRNR 0 0 NR 0 223 NRNR 71 NRNRNRNR 674 NR 42 83 5,028
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Total0 310 4,440 24,815 309,048 275 69,832 NR 3,972 48 480 14 42 25 16,775 11,377 0 20 72 NR 82 NRNR 79 14 82 13 121 11 3,776 20 25 618 134 30 12 65 9,904 51 137 559 427,635
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II. Colorado Tax Credits
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Size of Federal AGIStrategic Capital Tax CreditGross Conservation Easement CreditInnovative Motor Vehicle Credit ¹Child Care Expenses CreditColorado Earned Income Tax CreditBusiness Personal Property CreditCredit for Tax Paid to Another StatePlastic Recycling Investment CreditColorado Minimum Tax CreditHistoric Property Preservation CreditChild Care Center Investment CreditEmployer Child Care Facility Investment CreditSchool-to-Career Investment CreditColorado Works Program CreditChild Care Contribution CreditLong-Term Care Insurance CreditAircraft Manufacturer New Employee CreditRemediation of Contaminated Land CreditColorado Job Growth Incentive CreditCertified Auction Group License Fee CreditAdvanced Industry Investment CreditAffordable Housing CreditFood Contributed to Hunger Relief Charitable Organizations CreditPreservation of Historic Structures CreditRural Jump-Start Zone CreditRural and Frontier Health Care Preceptor CreditRetrofitting a Residence to Increase Residence's Visitability CreditEmployer Contribution to Employee 529 Plan 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$0NR$166,000 $44,438 $296,350 NR$8,253 $0 $0 $0 $0 $0 $0 $0 $84,141 NR$0 NR$0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $14,061 $0 $0 NR$0 $0 $0 $0 NR$0 $0 $0 $806,881
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$ 0 to $ 9,999$0NR$107,500 $430,287 $6,840,247 NR$68,975 $0 NR$0 $0 $0 $0 $0 $2,996 $1,994 $0 $0 NR$0 NR$0 $0 $0 $0 $0 $0 $0 $0 NR$0 NR$0 $0 $0 $0 $0 NR$0 NR$0 $7,487,541
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$ 10,000 to $ 19,999$0NR$177,500 $1,174,614 $24,727,378 NR$201,976 NRNR$0 NR$0 NRNR$4,106 $8,898 $0 $0 $0 $0 NR$0 $0 $0 $0 $0 $0 NR$0 NR$0 $0 NR$0 $0 $0 NR$1,150 NR$0 NR$26,511,734
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$ 20,000 to $ 29,999$0NR$230,000 $1,178,119 $20,967,626 NR$593,193 NR$2,982 NR$2,349 $0 NRNR$12,113 $31,242 $0 $0 NR$0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $32,367 NRNR$3,399 $0 NR$0 NR$3,145 NR$0 NR$23,090,418
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$ 30,000 to $ 39,999$0NR$286,500 $1,896,369 $11,326,405 $3,364 $900,841 $0 $5,058 NR$5,396 $0 NRNR$26,975 $54,379 $0 $0 NR$0 $0 $0 NRNRNR$0 NRNRNR$67,965 $0 $0 $5,082 NR$0 $0 $0 $10,545 NRNRNR$14,646,115
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$ 40,000 to $ 49,999$0$88,037 $367,500 $1,406,325 $2,770,576 NR$1,121,530 NR$7,282 NR$9,611 NRNRNR$56,806 $171,015 $0 NR$0 NRNR$0 NRNRNR$0 NRNR$0 $125,560 $0 NR$6,236 NRNRNRNR$27,230 NRNRNR$6,181,294
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$ 50,000 to $ 59,999$0NR$515,000 $1,162,819 $185,352 $2,583 $1,390,595 NR$8,084 NR$16,327 $0 NR$0 $83,721 $215,915 $0 $0 NR$0 NR$0 $0 NRNR$0 NRNRNR$172,649 NRNR$16,128 NR$0 $0 NR$36,293 NRNRNR$3,898,594
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$ 60,000 to $ 74,999$0$124,298 $969,000 $7,759 $3,997 $9,560 $2,498,467 $0 $24,207 NR$29,623 $0 NR$0 $181,601 $289,847 $0 $0 NR$0 NR$0 $0 NRNRNRNRNRNR$258,927 $0 $0 $36,011 $6,864 $0 NRNR$90,080 NRNR$3,272 $4,558,425
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$ 75,000 to $ 99,999$0$124,473 $1,935,400 NRNR$5,981 $4,699,636 $0 $44,592 NR$66,162 NRNRNR$540,160 $657,314 $0 $0 NR$0 NRNRNRNRNRNRNR$13,340 $0 $459,768 NRNR$46,554 $24,637 NRNRNR$285,420 NRNR$5,732 $8,977,858
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$ 100,000 to $ 199,999$0$633,694 $7,458,500 NR$1,954 $22,276 $21,122,334 NR$354,879 $61,165 $98,065 NRNRNR$3,238,815 $911,198 $0 $0 NR$0 $70,809 $0 NR$86,041 NR$36,516 NR$36,498 NR$1,487,621 NRNR$205,367 $68,936 NRNR$16,079 $1,518,210 $26,591 $6,334 $36,637 $37,544,492
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$ 200,000 to $ 499,999$0$1,097,185 $7,232,350 $0 NR$27,505 $39,126,575 $0 $986,994 NR$136,795 NRNRNR$6,681,426 NR$0 NR$19,447 $0 $96,039 $0 NR$296,396 NR$36,189 $0 $55,907 NR$1,570,505 NRNR$416,227 $93,214 $6,180 NR$45,293 $2,427,153 $62,477 $49,864 $140,901 $60,767,507
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$ 500,000 to $ 999,999$0$1,367,214 $1,737,833 $0 $0 $4,011 $31,956,916 $0 $620,894 NR$52,989 NR$0 NR$5,001,695 $0 $0 NR$107,874 $0 NR$0 $0 $208,748 $0 NR$0 NRNR$714,637 NRNR$335,507 NRNRNR$60,007 $1,601,111 NR$50,258 $123,840 $44,373,555
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$ 1,000,000 and over$0$9,691,546 $1,132,750 $0 NR$8,028 $119,717,781 $0 $1,089,686 NRNRNR$0 $0 $11,693,208 $0 $0 NR$187,172 $0 $190,172 $0 $0 NRNR$0 $0 NR$0 $1,916,837 NRNR$435,305 NRNRNRNR$2,883,658 NR$230,030 $276,598 $150,947,270
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Total$0$13,639,820 $22,315,833 $7,302,958 $67,122,639 $98,837 $223,407,072 NR$3,146,075 $318,814 $541,325 $8,504 $37,174 $9,141 $27,607,763 $2,343,342 $0 $972,436 $320,246 NR$487,963 NRNR$943,689 $57,735 $80,392 $22,780 $130,134 $16,021 $6,830,564 $28,823 $24,844 $1,511,789 $244,812 $27,015 $9,713 $164,017 $8,912,536 $166,675 $337,509 $591,273 $389,791,684
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III. Average Colorado Tax Credits per Return
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Size of Federal AGIStrategic Capital Tax CreditGross Conservation Easement CreditInnovative Motor Vehicle Credit ¹Child Care Expenses CreditColorado Earned Income Tax CreditBusiness Personal Property CreditCredit for Tax Paid to Another StatePlastic Recycling Investment CreditColorado Minimum Tax CreditHistoric Property Preservation CreditChild Care Center Investment CreditEmployer Child Care Facility Investment CreditSchool-to-Career Investment CreditColorado Works Program CreditChild Care Contribution CreditLong-Term Care Insurance CreditAircraft Manufacturer New Employee CreditRemediation of Contaminated Land CreditColorado Job Growth Incentive CreditCertified Auction Group License Fee CreditAdvanced Industry Investment CreditAffordable Housing CreditFood Contributed to Hunger Relief Charitable Organizations CreditPreservation of Historic Structures CreditRural Jump-Start Zone CreditRural and Frontier Health Care Preceptor CreditRetrofitting a Residence to Increase Residence's Visitability CreditEmployer Contribution to Employee 529 Plan 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$0NR$4,611 $517 $105 NR$590 $0 $0 $0 $0 $0 $0 $0 $4,007 NR$0 NR$0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $1,406 $0 $0 NR$0 $0 $0 $0 NR$0 $0 $0 $272
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$ 0 to $ 9,999$0NR$4,674 $354 $88 NR$189 $0 NR$0 $0 $0 $0 $0 $272 $153 $0 $0 NR$0 NR$0 $0 $0 $0 $0 $0 $0 $0 NR$0 NR$0 $0 $0 $0 $0 NR$0 NR$0 $96
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$ 10,000 to $ 19,999$0NR$4,931 $356 $270 NR$76 NRNR$0 NR$0 NRNR$158 $94 $0 $0 $0 $0 NR$0 $0 $0 $0 $0 $0 NR$0 NR$0 $0 NR$0 $0 $0 NR$68 NR$0 NR$281
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$ 20,000 to $ 29,999$0NR$5,111 $252 $374 NR$187 NR$93 NR$168 $0 NRNR$153 $120 $0 $0 NR$0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $247 NRNR$227 $0 NR$0 NR$98 NR$0 NR$386
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$ 30,000 to $ 39,999$0NR$4,697 $310 $211 $306 $289 $0 $108 NR$300 $0 NRNR$208 $121 $0 $0 NR$0 $0 $0 NRNRNR$0 NRNRNR$393 $0 $0 $424 NR$0 $0 $0 $137 NRNRNR$254
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$ 40,000 to $ 49,999$0$8,804 $4,836 $277 $119 NR$382 NR$169 NR$565 NRNRNR$273 $137 $0 NR$0 NRNR$0 NRNRNR$0 NRNR$0 $548 $0 NR$445 NRNRNRNR$171 NRNRNR$201
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$ 50,000 to $ 59,999$0NR$5,000 $269 $49 $258 $469 NR$184 NR$680 $0 NR$0 $244 $148 $0 $0 NR$0 NR$0 $0 NRNR$0 NRNRNR$764 NRNR$806 NR$0 $0 NR$202 NRNRNR$301
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$ 60,000 to $ 74,999$0$12,430 $4,894 $705 $250 $956 $558 $0 $278 NR$780 $0 NR$0 $309 $171 $0 $0 NR$0 NR$0 $0 NRNRNRNRNRNR$896 $0 $0 $1,059 $624 $0 NRNR$236 NRNR$218 $599
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$ 75,000 to $ 99,999$0$10,373 $4,912 NRNR$299 $667 $0 $338 NR$894 NRNRNR$404 $247 $0 $0 NR$0 NRNRNRNRNRNRNR$1,026 $0 $1,040 NRNR$1,194 $1,120 NRNRNR$309 NRNR$169 $716
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$ 100,000 to $ 199,999$0$13,483 $4,969 NR$195 $278 $1,105 NR$497 $3,219 $672 NRNRNR$629 $260 $0 $0 NR$0 $3,079 $0 NR$3,741 NR$987 NR$960 NR$1,535 NRNR$1,388 $1,641 NRNR$1,005 $453 $2,216 $373 $310 $1,153
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$ 200,000 to $ 499,999$0$14,066 $5,015 $0 NR$353 $2,529 $0 $524 NR$1,278 NRNRNR$1,187 NR$0 NR$1,144 $0 $5,055 $0 NR$11,400 NR$978 $0 $1,331 NR$2,075 NRNR$2,287 $2,589 $562 NR$2,265 $787 $4,165 $1,133 $691 $2,374
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$ 500,000 to $ 999,999$0$26,808 $4,994 $0 $0 $211 $6,683 $0 $917 NR$1,963 NR$0 NR$2,556 $0 $0 NR$5,137 $0 NR$0 $0 $17,396 $0 NR$0 NRNR$2,770 NRNR$4,357 NRNRNR$4,000 $1,576 NR$2,185 $1,440 $5,877
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$ 1,000,000 and over$0$129,221 $6,400 $0 NR$423 $32,295 $0 $3,878 NRNRNR$0 $0 $8,981 $0 $0 NR$7,199 $0 $11,187 $0 $0 NRNR$0 $0 NR$0 $8,596 NRNR$6,131 NRNRNRNR$4,278 NR$5,477 $3,333 $30,021
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Average$0$43,999 $5,026 $294 $217 $359 $3,199 NR$792 $6,642 $1,128 $607 $885 $366 $1,646 $206 $0 $48,622 $4,448 NR$5,951 NRNR$11,945 $4,124 $980 $1,752 $1,075 $1,456 $1,809 $1,441 $994 $2,446 $1,827 $901 $809 $2,523 $900 $3,268 $2,464 $1,058 $912
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Source: Federal and Colorado individual income tax returns (full-year residents only)
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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 26, 2021
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Publish date: November 2022
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