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Colorado Department of Revenue
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2018 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 AGIGross Conservation Easement CreditInnovative Motor Vehicle CreditChild 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 Credit 1Food Contributed to Hunger Relief Charitable Organizations CreditPreservation of Historic Structures CreditRural Jump-Start Zone CreditRural Health Care Preceptors CreditEZ Renewable Energy Credit (Refundable)EZ Investment Tax CreditEZ Commercial Vehicle Investment Tax CreditEZ Renewable Energy Credit (Nonrefundable)EZ New Business Facility Employee CreditEZ Enhanced Rural New Business Facility Employee CreditEZ Agricultural Processing Employee CreditEZ Enhanced Rural Agricultural Processing Employee CreditEZ Employee Health Insurance CreditContribution to EZ Administrator CreditEZ Vacant Commercial Building Rehabilitation CreditEZ Research and Experimental Activities CreditEZ Job Training Program CreditTotal Credits 2
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Negative IncomeNR 36 74 2,461 NRNR 0 0 0 0 0 0 0 NRNR 0 0 0 0 0 0 0 0 0 0 NRNR 0 0 NR 0 0 0 0 NR 0 NR 0 2,588
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$ 0 to $ 9,999NRNR 1,160 72,413 NRNR 0 NR 0 0 0 0 NRNR 12 0 0 0 0 0 0 0 0 0 0 NRNR 0 0 0 0 0 0 0 NR 0 NR 0 72,833
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$ 10,000 to $ 19,999NRNR 3,419 92,834 NR 2,842 0 NRNRNR 0 0 NR 26 113 0 0 0 0 NR 0 0 0 0 0 NR 57 0 0 NR 0 0 0 0 NR 0 0 NR 95,787
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$ 20,000 to $ 29,999NR 30 5,227 58,670 NR 3,171 0 37 0 NR 0 NRNR 72 305 0 0 NR 0 NR 0 0 0 0 0 NR 131 0 0 11 NR 0 0 NR 47 NRNRNR 62,400
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$ 30,000 to $ 39,999 10 34 6,218 53,783 NR 2,927 NR 47 0 14 NRNRNR 141 534 0 0 NR 0 NR 0 0 NRNR 0 0 183 0 0 14 0 NR 0 0 78 NRNRNR 57,651
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$ 40,000 to $ 49,999NR 50 5,042 21,416 NR 2,966 0 69 NR 25 0 NRNR 271 1,240 0 0 NR 0 0 0 NRNR 0 0 NR 198 0 NRNRNRNRNR 0 172 NRNRNR 29,182
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$ 50,000 to $ 59,999NR 73 4,455 2,941 NR 2,900 0 82 0 28 NRNRNR 310 1,593 0 0 NR 0 NRNRNRNRNR 0 0 215 0 0 22 NRNR 0 NR 223 0 NRNR 12,390
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$ 60,000 to $ 74,999NR 173 NR 25 NR 4,481 NR 157 NR 42 0 NRNR 622 1,815 0 0 0 0 NR 0 0 NR 0 NRNR 273 0 0 27 NR 0 NRNR 484 NRNR 16 7,847
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$ 75,000 to $ 99,999 14 383 NR 17 15 7,215 0 317 NR 69 NRNRNR 1,423 2,944 0 NRNR 0 0 0 NRNRNRNRNR 416 0 NR 44 NR 0 NRNR 1,011 NRNR 24 13,238
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$ 100,000 to $ 199,999 61 1,786 NRNR 44 18,930 NR 2,179 24 155 NR 10 NR 5,340 3,492 0 NR 12 0 17 NRNR 14 NR 35 NR 929 NRNR 157 36 NR 0 18 3,681 11 19 142 34,338
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$ 200,000 to $ 499,999 64 1,801 0 NR 25 14,641 NR 9,098 19 102 NRNRNR 5,612 NR 0 NR 25 0 22 0 NR 19 NR 30 NR 719 NRNR 201 31 NRNR 20 3,336 19 43 203 30,194
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$ 500,000 to $ 999,999 47 411 0 NRNR 4,591 0 2,907 NR 33 0 NR 0 1,909 0 0 NR 21 0 NR 0 0 14 NRNRNR 248 NRNR 89 NRNR 0 10 1,022 NR 24 74 8,621
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$ 1,000,000 and over 82 222 0 0 NR 3,812 0 637 NR 20 NR 0 0 1,497 0 0 13 22 0 19 0 0 NR 0 0 0 206 NRNR 61 0 NR 0 NR 782 NR 46 81 5,318
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Total 316 5,035 25,613 304,572 127 68,838 NR 15,557 56 505 13 44 31 17,243 12,057 0 26 91 0 76 NR 13 72 NR 77 18 3,587 10 18 636 96 19 NR 61 10,852 56 146 561 432,387
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II. Colorado Tax Credits
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Size of Federal AGIGross Conservation Easement CreditInnovative Motor Vehicle CreditChild 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 Credit 1Food Contributed to Hunger Relief Charitable Organizations CreditPreservation of Historic Structures CreditRural Jump-Start Zone CreditRural Health Care Preceptors CreditEZ Renewable Energy Credit (Refundable)EZ Investment Tax CreditEZ Commercial Vehicle Investment Tax CreditEZ Renewable Energy Credit (Nonrefundable)EZ New Business Facility Employee CreditEZ Enhanced Rural New Business Facility Employee CreditEZ Agricultural Processing Employee CreditEZ Enhanced Rural Agricultural Processing Employee CreditEZ Employee Health Insurance CreditContribution to EZ Administrator CreditEZ Vacant Commercial Building Rehabilitation CreditEZ Research and Experimental Activities CreditEZ Job Training Program CreditTotal Credits
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Negative IncomeNR$181,684 $39,256 $292,939 NRNR$0 $0 $0 $0 $0 $0 $0 $36,559 NR$0 $0 $0 $0 $0 $0 $0 $0 $0 $0 NR$28,575 $0 $0 NR$0 $0 $0 $0 NR$0 NR$0 $765,511
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$ 0 to $ 9,999NRNR$392,213 $6,830,896 NRNR$0 NR$0 $0 $0 $0 NRNR$884 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 NRNR$0 $0 $0 $0 $0 $0 $0 NR$0 NR$0 $7,303,715
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$ 10,000 to $ 19,999NR$145,000 $1,138,151 $25,595,041 NR$216,062 $0 NRNRNR$0 $0 NRNR$11,545 $0 $0 $0 $0 NR$0 $0 $0 $0 $0 NRNR$0 $0 NR$0 $0 $0 $0 NR$0 $0 NR$27,220,792
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$ 20,000 to $ 29,999NRNR$996,956 $21,215,718 NR$594,221 $0 $1,723 $0 NR$0 NRNR$9,177 $35,720 $0 $0 NR$0 NR$0 $0 $0 $0 $0 NR$28,771 $0 $0 $3,721 NR$0 $0 NR$4,567 NRNRNR$23,055,665
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$ 30,000 to $ 39,999$71,739 $167,500 $800,289 $10,727,387 NR$861,300 NR$6,568 $0 $5,049 NRNRNR$33,750 $65,083 $0 $0 NR$0 NR$0 $0 NRNR$0 $0 $73,430 $0 $0 $6,990 $0 NR$0 $0 $12,728 NRNRNR$12,840,760
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$ 40,000 to $ 49,999NR$247,500 $271,672 $2,489,368 NR$1,115,430 $0 $9,545 NR$15,595 $0 NRNR$67,789 $171,312 $0 $0 NR$0 $0 $0 NRNR$0 $0 NR$116,385 $0 NRNRNRNRNR$0 $31,944 NRNRNR$4,589,851
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$ 50,000 to $ 59,999NR$352,081 $240,136 $130,762 NR$1,438,645 $0 $16,516 $0 $10,843 NRNRNR$86,815 $236,747 $0 $0 NR$0 NRNRNRNRNR$0 $0 $165,867 $0 $0 $19,272 NRNR$0 NR$45,338 $0 NRNR$2,812,897
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$ 60,000 to $ 74,999NR$855,000 NR$5,194 NR$2,513,885 NR$33,315 NR$23,993 $0 NRNR$218,103 $316,601 $0 $0 $0 $0 NR$0 $0 NR$0 NRNR$243,027 $0 $0 $20,828 NR$0 NRNR$114,379 NRNR$3,928 $4,430,300
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$ 75,000 to $ 99,999$119,569 $1,895,000 NR$3,370 $2,104 $4,945,512 $0 $76,030 NR$43,398 NRNRNR$601,083 $731,441 $0 NRNR$0 $0 $0 NRNRNRNRNR$455,596 $0 NR$61,287 NR$0 NRNR$274,541 NRNR$6,034 $9,279,559
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$ 100,000 to $ 199,999$704,492 $8,938,450 NRNR$9,439 $21,776,551 NR$595,778 $89,153 $132,246 NR$13,860 NR$3,233,947 $926,679 $0 NR$11,980 $0 $51,817 NRNR$55,294 NR$33,253 NR$1,472,181 NRNR$272,081 $55,840 NR$0 $30,347 $1,548,120 $27,810 $6,381 $38,035 $40,067,844
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$ 200,000 to $ 499,999$939,311 $9,187,307 $0 NR$3,351 $39,080,980 NR$2,277,767 $178,371 $92,757 NRNRNR$6,561,464 NR$0 NR$33,376 $0 $107,102 $0 NR$175,296 NR$29,528 NR$1,541,738 NRNR$458,387 $89,193 NRNR$29,897 $2,465,554 $105,117 $44,042 $129,398 $63,613,309
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$ 500,000 to $ 999,999$1,141,169 $2,134,500 $0 NRNR$30,703,972 $0 $1,292,242 NR$35,643 $0 NR$0 $4,900,546 $0 $0 NR$62,188 $0 NR$0 $0 $300,624 NRNRNR$727,885 NRNR$302,057 NRNR$0 $43,962 $1,393,208 NR$43,266 $112,176 $43,483,709
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$ 1,000,000 and over$12,730,664 $1,314,706 $0 $0 NR$115,772,731 $0 $1,229,283 NR$69,113 NR$0 $0 $13,427,069 $0 $0 $1,127,883 $195,878 $0 $249,317 $0 $0 NR$0 $0 $0 $1,968,874 NRNR$460,745 $0 NR$0 NR$3,668,521 NR$121,808 $258,138 $153,463,527
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Total$16,086,605 $25,592,478 $3,881,317 $67,293,228 $24,693 $219,066,222 NR$5,539,977 $316,546 $432,966 $15,321 $36,591 $35,310 $29,182,824 $2,498,137 $0 $1,250,360 $313,320 $0 $517,421 NR$9,682 $1,204,757 NR$75,781 $27,759 $6,830,359 $7,888 $26,406 $1,613,209 $174,870 $49,167 NR$149,069 $9,569,815 $283,272 $220,313 $551,332 $392,927,439
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III. Average Colorado Tax Credits per Return
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Size of Federal AGIGross Conservation Easement CreditInnovative Motor Vehicle CreditChild 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 Credit 1Food Contributed to Hunger Relief Charitable Organizations CreditPreservation of Historic Structures CreditRural Jump-Start Zone CreditRural Health Care Preceptors CreditEZ Renewable Energy Credit (Refundable)EZ Investment Tax CreditEZ Commercial Vehicle Investment Tax CreditEZ Renewable Energy Credit (Nonrefundable)EZ New Business Facility Employee CreditEZ Enhanced Rural New Business Facility Employee CreditEZ Agricultural Processing Employee CreditEZ Enhanced Rural Agricultural Processing Employee CreditEZ Employee Health Insurance CreditContribution to EZ Administrator CreditEZ Vacant Commercial Building Rehabilitation CreditEZ Research and Experimental Activities CreditEZ Job Training Program CreditTotal Credits
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Negative IncomeNR$5,047 $530 $119 NRNR$0 $0 $0 $0 $0 $0 $0 $2,031 NR$0 $0 $0 $0 $0 $0 $0 $0 $0 $0 NR$2,858 $0 $0 NR$0 $0 $0 $0 NR$0 NR$0 $296
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$ 0 to $ 9,999NRNR$338 $94 NRNR$0 NR$0 $0 $0 $0 NRNR$74 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 NRNR$0 $0 $0 $0 $0 $0 $0 NR$0 NR$0 $100
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$ 10,000 to $ 19,999NR$5,000 $333 $276 NR$76 $0 NRNRNR$0 $0 NRNR$102 $0 $0 $0 $0 NR$0 $0 $0 $0 $0 NRNR$0 $0 NR$0 $0 $0 $0 NR$0 $0 NR$284
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$ 20,000 to $ 29,999NRNR$191 $362 NR$187 $0 $47 $0 NR$0 NRNR$127 $117 $0 $0 NR$0 NR$0 $0 $0 $0 $0 NR$220 $0 $0 $338 NR$0 $0 NR$97 NRNRNR$369
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$ 30,000 to $ 39,999$7,174 $4,926 $129 $199 NR$294 NR$140 $0 $361 NRNRNR$239 $122 $0 $0 NR$0 NR$0 $0 NRNR$0 $0 $401 $0 $0 $499 $0 NR$0 $0 $163 NRNRNR$223
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$ 40,000 to $ 49,999NR$4,950 $54 $116 NR$376 $0 $138 NR$624 $0 NRNR$250 $138 $0 $0 NR$0 $0 $0 NRNR$0 $0 NR$588 $0 NRNRNRNRNR$0 $186 NRNRNR$157
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$ 50,000 to $ 59,999NR$4,823 $54 $44 NR$496 $0 $201 $0 $387 NRNRNR$280 $149 $0 $0 NR$0 NRNRNRNRNR$0 $0 $771 $0 $0 $876 NRNR$0 NR$203 $0 NRNR$227
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$ 60,000 to $ 74,999NR$4,942 NR$208 NR$561 NR$212 NR$571 $0 NRNR$351 $174 $0 $0 $0 $0 NR$0 $0 NR$0 NRNR$890 $0 $0 $771 NR$0 NRNR$236 NRNR$246 $565
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$ 75,000 to $ 99,999$8,541 $4,948 NR$198 $140 $685 $0 $240 NR$629 NRNRNR$422 $248 $0 NRNR$0 $0 $0 NRNRNRNRNR$1,095 $0 NR$1,393 NR$0 NRNR$272 NRNR$251 $701
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$ 100,000 to $ 199,999$11,549 $5,005 NRNR$215 $1,150 NR$273 $3,715 $853 NR$1,386 NR$606 $265 $0 NR$998 $0 $3,048 NRNR$3,950 NR$950 NR$1,585 NRNR$1,733 $1,551 NR$0 $1,686 $421 $2,528 $336 $268 $1,167
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$ 200,000 to $ 499,999$14,677 $5,101 $0 NR$134 $2,669 NR$250 $9,388 $909 NRNRNR$1,169 NR$0 NR$1,335 $0 $4,868 $0 NR$9,226 NR$984 NR$2,144 NRNR$2,281 $2,877 NRNR$1,495 $739 $5,532 $1,024 $637 $2,107
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$ 500,000 to $ 999,999$24,280 $5,193 $0 NRNR$6,688 $0 $445 NR$1,080 $0 NR$0 $2,567 $0 $0 NR$2,961 $0 NR$0 $0 $21,473 NRNRNR$2,935 NRNR$3,394 NRNR$0 $4,396 $1,363 NR$1,803 $1,516 $5,044
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$ 1,000,000 and over$155,252 $5,922 $0 $0 NR$30,371 $0 $1,930 NR$3,456 NR$0 $0 $8,969 $0 $0 $86,760 $8,904 $0 $13,122 $0 $0 NR$0 $0 $0 $9,558 NRNR$7,553 $0 NR$0 NR$4,691 NR$2,648 $3,187 $28,857
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Average$50,907 $5,083 $152 $221 $194 $3,182 NR$356 $5,653 $857 $1,179 $832 $1,139 $1,692 $207 $0 $48,091 $3,443 $0 $6,808 NR$745 $16,733 NR$984 $1,542 $1,904 $789 $1,467 $2,536 $1,822 $2,588 NR$2,444 $882 $5,058 $1,509 $983 $909
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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 Formerly known as "Low-income Housing Credit."
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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 20, 2020
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Publish date: November 2021
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