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Colorado Department of Revenue
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2020 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 CreditExpanded Colorado Earned Income Tax 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 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 Income0NR 37 120 4,014 11 NR 12 0 NR 0 0 0 0 0 NRNR 0 0 0 0 0 0 0 NR 0 0 0 0 0 0 NR 0 0 NRNRNRNR 0 NRNRNRNR 4,229
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$0 under $10K0 0 31 820 75,297 NR 565 343 0 NR 0 0 0 0 NRNR 21 0 0 NR 0 NR 0 0 0 0 0 0 0 0 0 NR 0 0 NR 0 0 0 0 NR 0 0 0 76,274
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$10K under $20K0NR 38 1,964 81,261 NR 693 2,459 NR 17 0 NRNR 0 NR 36 131 0 0 0 0 0 0 0 0 0 0 0 0 0 NR 63 NRNRNR 0 0 0 0 16 NR 0 NR 84,500
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$20K under $30K0NR 41 3,195 52,388 NR 632 3,022 NR 26 0 14 0 0 NR 76 244 NR 0 0 0 NR 0 0 NR 0 0 0 NR 0 0 125 NR 0 11 NR 0 NRNR 36 0 0 0 56,495
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$30K under $40K0NR 53 4,580 53,618 12 576 2,951 0 20 0 19 NR 0 NR 169 455 0 0 0 0 NR 0 NRNRNR 0 NRNR 0 0 181 NR 0 12 NR 0 0 NR 44 NR 0 NR 57,900
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$40K under $50K0NR 82 3,849 25,691 NR 429 3,057 0 21 0 13 0 0 NR 238 1,159 0 0 0 0 NR 0 0 NRNR 0 0 NR 0 0 191 0 NRNRNR 0 0 0 150 NR 0 NR 32,618
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$50K under $60K0NR 111 3,263 4,525 13 NR 3,023 NR 27 NR 20 0 0 0 326 1,402 0 0 0 0 NR 0 NRNRNR 0 NRNR 0 NR 204 0 NR 10 NR 0 0 0 201 NRNR 10 12,782
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$60K under $75K0NR 179 11 45 15 0 4,718 NR 63 NR 32 0 0 NR 587 1,664 0 0 NR 0 NR 0 NRNRNRNRNRNR 0 0 343 NR 0 23 12 NR 0 0 408 NRNRNR 7,840
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$75K under $100K0 11 333 NR 10 38 0 7,228 0 108 NR 71 NR 0 NR 1,273 2,584 NR 0 NR 0 NR 0 NR 10 NRNR 0 20 0 0 425 NRNR 30 11 NRNRNR 930 NRNR 32 12,513
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$100K under $200K0 36 1,389 0 NR 87 0 17,975 0 478 13 135 NR 0 NR 5,065 3,224 NR 0 NR 0 19 NRNR 35 NR 27 NR 89 0 NR 1,131 NRNR 112 49 NR 0 NR 3,319 11 23 105 31,012
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$200K under $500K0 73 1,618 NRNR 104 0 14,653 0 1,059 NR 82 NRNRNR 5,011 NR 0 NR 17 0 17 0 0 48 NR 29 0 76 0 NR 778 NR 10 133 32 NRNR 20 2,823 14 40 164 23,860
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$500K under $1M0 48 457 0 0 30 0 4,763 0 491 NR 21 0 NR 0 1,791 NR 0 NR 27 0 NR 0 NR 25 0 NR 0 18 0 NR 272 NRNR 70 14 NRNR 12 923 NR 37 80 7,435
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$1M and over0 93 210 0 NR 18 0 3,925 0 349 0 NR 0 NR 0 1,369 0 NRNR 20 0 16 0 0 29 NR 0 0 NR 0 NR 272 NRNR 79 NRNRNRNR 700 NR 51 91 5,464
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Total0 283 4,579 17,806 296,860 352 3,021 68,129 NR 2,666 33 423 NR 10 31 15,977 10,891 NR 20 72 0 73 NRNR 157 16 60 13 240 0 NR 4,018 18 21 496 144 22 11 55 9,571 49 158 501 412,922
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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 CreditExpanded Colorado Earned Income Tax 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 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 Income$0NR$140,000 $65,254 $519,057 $3,513 NR$23,337 $0 NR$0 $0 $0 $0 $0 NRNR$0 $0 $0 $0 $0 $0 $0 NR$0 $0 $0 $0 $0 $0 NR$0 $0 NRNRNRNR$0 NRNRNRNR$1,408,948
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$0 under $10K$0$0 $124,000 $262,196 $7,766,987 NR$62,463 $35,507 $0 NR$0 $0 $0 $0 NRNR$2,140 $0 $0 NR$0 NR$0 $0 $0 $0 $0 $0 $0 $0 $0 NR$0 $0 NR$0 $0 $0 $0 NR$0 $0 $0 $8,260,918
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$10K under $20K$0NR$146,000 $677,671 $19,037,612 NR$232,204 $194,500 NR$950 $0 NRNR$0 NR$4,019 $11,908 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 NR$7,235 NRNRNR$0 $0 $0 $0 $2,258 NR$0 NR$20,324,555
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$20K under $30K$0NR$164,000 $754,862 $19,225,429 NR$272,335 $596,123 NR$2,740 $0 $3,532 $0 $0 NR$15,663 $30,230 NR$0 $0 $0 NR$0 $0 NR$0 $0 $0 NR$0 $0 $41,289 NR$0 $3,525 NR$0 NRNR$5,716 $0 $0 $0 $21,140,550
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$30K under $40K$0NR$206,000 $1,296,567 $11,724,490 $3,866 $175,232 $930,269 $0 $2,758 $0 $9,665 NR$0 NR$36,476 $56,671 $0 $0 $0 $0 NR$0 NRNRNR$0 NRNR$0 $0 $78,979 NR$0 $6,982 NR$0 $0 NR$8,233 NR$0 NR$14,549,350
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$40K under $50K$0NR$310,000 $989,423 $3,148,499 NR$72,135 $1,283,299 $0 $2,667 $0 $6,812 $0 $0 NR$57,159 $157,453 $0 $0 $0 $0 NR$0 $0 NRNR$0 $0 NR$0 $0 $122,114 $0 NRNRNR$0 $0 $0 $26,965 NR$0 NR$6,204,310
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$50K under $60K$0NR$434,000 $820,220 $260,711 $4,541 NR$1,561,436 NR$6,279 NR$12,382 $0 $0 $0 $88,603 $208,090 $0 $0 $0 $0 NR$0 NRNRNR$0 NRNR$0 NR$151,417 $0 NR$6,142 NR$0 $0 $0 $43,076 NRNR$3,777 $3,629,759
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$60K under $75K$0NR$698,000 $2,201 $6,511 $9,876 $0 $2,766,190 NR$20,862 NR$27,591 $0 $0 NR$190,350 $285,644 $0 $0 NR$0 NR$0 NRNRNRNRNRNR$0 $0 $303,420 NR$0 $26,951 $10,662 NR$0 $0 $104,535 NRNRNR$4,496,385
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$75K under $100K$0$15,994 $1,288,520 NR$3,080 $13,310 $0 $5,171,375 $0 $40,540 NR$64,084 NR$0 NR$519,309 $627,137 NR$0 NR$0 NR$0 NR$15,504 NRNR$0 $16,387 $0 $0 $440,159 NRNR$38,500 $16,582 NRNRNR$294,922 NRNR$5,262 $8,611,603
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$100K under $200K$0$126,728 $5,486,750 $0 NR$34,569 $0 $20,047,889 $0 $266,851 $58,932 $108,134 NR$0 NR$3,374,456 $836,473 NR$0 NR$0 $73,098 NRNR$96,746 NR$26,211 NR$85,880 $0 NR$1,800,185 NRNR$162,137 $91,216 NR$0 NR$1,494,020 $27,609 $17,865 $27,200 $34,294,417
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$200K under $500K$0$708,691 $6,388,171 NRNR$32,343 $0 $38,669,318 $0 $670,549 NR$124,210 NRNRNR$6,240,347 NR$0 NR$49,280 $0 $99,031 $0 $0 $394,845 NR$29,000 $0 $112,630 $0 NR$1,820,713 NR$22,695 $265,937 $72,812 NRNR$60,847 $2,179,872 $116,569 $44,986 $87,647 $58,353,987
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$500K under $1M$0$1,033,218 $1,828,440 $0 $0 $10,625 $0 $32,554,696 $0 $621,840 NR$51,753 $0 NR$0 $4,820,541 NR$0 NR$90,000 $0 NR$0 NR$485,182 $0 NR$0 $29,829 $0 NR$810,631 NRNR$317,562 $55,323 NRNR$42,251 $1,322,103 NR$30,113 $140,255 $44,675,703
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$1M and over$0$14,871,718 $894,722 $0 NR$4,792 $0 $133,954,424 $0 $2,037,860 $0 NR$0 NR$0 $11,322,556 $0 NRNR$337,314 $0 $305,391 $0 $0 $1,424,685 NR$0 $0 NR$0 NR$2,031,960 NRNR$620,518 NRNRNRNR$3,411,525 NR$158,221 $220,564 $173,205,438
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Total$0$16,791,874 $18,108,603 $4,873,239 $61,693,476 $135,565 $822,272 $237,788,363 NR$3,675,457 $250,188 $412,125 NR$21,074 $13,024 $26,949,780 $2,217,285 NR$1,205,057 $480,696 $0 $576,848 NRNR$2,426,208 $87,385 $59,211 $22,492 $279,119 $0 NR$7,745,122 $77,179 $32,705 $1,476,995 $285,079 $27,406 $11,260 $206,042 $9,087,155 $557,610 $256,648 $487,579 $399,155,923
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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 CreditExpanded Colorado Earned Income Tax 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 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 Income$0NR$3,784 $544 $129 $319 NR$1,945 $0 NR$0 $0 $0 $0 $0 NRNR$0 $0 $0 $0 $0 $0 $0 NR$0 $0 $0 $0 $0 $0 NR$0 $0 NRNRNRNR$0 NRNRNRNR$333
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$0 under $10K$0$0 $4,000 $320 $103 NR$111 $104 $0 NR$0 $0 $0 $0 NRNR$102 $0 $0 NR$0 NR$0 $0 $0 $0 $0 $0 $0 $0 $0 NR$0 $0 NR$0 $0 $0 $0 NR$0 $0 $0 $108
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$10K under $20K$0NR$3,842 $345 $234 NR$335 $79 NR$56 $0 NRNR$0 NR$112 $91 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 NR$115 NRNRNR$0 $0 $0 $0 $141 NR$0 NR$241
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$20K under $30K$0NR$4,000 $236 $367 NR$431 $197 NR$105 $0 $252 $0 $0 NR$206 $124 NR$0 $0 $0 NR$0 $0 NR$0 $0 $0 NR$0 $0 $330 NR$0 $320 NR$0 NRNR$159 $0 $0 $0 $374
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$30K under $40K$0NR$3,887 $283 $219 $322 $304 $315 $0 $138 $0 $509 NR$0 NR$216 $125 $0 $0 $0 $0 NR$0 NRNRNR$0 NRNR$0 $0 $436 NR$0 $582 NR$0 $0 NR$187 NR$0 NR$251
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$40K under $50K$0NR$3,780 $257 $123 NR$168 $420 $0 $127 $0 $524 $0 $0 NR$240 $136 $0 $0 $0 $0 NR$0 $0 NRNR$0 $0 NR$0 $0 $639 $0 NRNRNR$0 $0 $0 $180 NR$0 NR$190
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$50K under $60K$0NR$3,910 $251 $58 $349 NR$517 NR$233 NR$619 $0 $0 $0 $272 $148 $0 $0 $0 $0 NR$0 NRNRNR$0 NRNR$0 NR$742 $0 NR$614 NR$0 $0 $0 $214 NRNR$378 $284
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$60K under $75K$0NR$3,899 $200 $145 $658 $0 $586 NR$331 NR$862 $0 $0 NR$324 $172 $0 $0 NR$0 NR$0 NRNRNRNRNRNR$0 $0 $885 NR$0 $1,172 $889 NR$0 $0 $256 NRNRNR$574
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$75K under $100K$0$1,454 $3,869 NR$308 $350 $0 $715 $0 $375 NR$903 NR$0 NR$408 $243 NR$0 NR$0 NR$0 NR$1,550 NRNR$0 $819 $0 $0 $1,036 NRNR$1,283 $1,507 NRNRNR$317 NRNR$164 $688
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$100K under $200K$0$3,520 $3,950 $0 NR$397 $0 $1,115 $0 $558 $4,533 $801 NR$0 NR$666 $259 NR$0 NR$0 $3,847 NRNR$2,764 NR$971 NR$965 $0 NR$1,592 NRNR$1,448 $1,862 NR$0 NR$450 $2,510 $777 $259 $1,106
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$200K under $500K$0$9,708 $3,948 NRNR$311 $0 $2,639 $0 $633 NR$1,515 NRNRNR$1,245 NR$0 NR$2,899 $0 $5,825 $0 $0 $8,226 NR$1,000 $0 $1,482 $0 NR$2,340 NR$2,270 $2,000 $2,275 NRNR$3,042 $772 $8,326 $1,125 $534 $2,446
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$500K under $1M$0$21,525 $4,001 $0 $0 $354 $0 $6,835 $0 $1,266 NR$2,464 $0 NR$0 $2,692 NR$0 NR$3,333 $0 NR$0 NR$19,407 $0 NR$0 $1,657 $0 NR$2,980 NRNR$4,537 $3,952 NRNR$3,521 $1,432 NR$814 $1,753 $6,009
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$1M and over$0$159,911 $4,261 $0 NR$266 $0 $34,129 $0 $5,839 $0 NR$0 NR$0 $8,271 $0 NRNR$16,866 $0 $19,087 $0 $0 $49,127 NR$0 $0 NR$0 NR$7,470 NRNR$7,855 NRNRNRNR$4,874 NR$3,102 $2,424 $31,699
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Average$0$59,335 $3,955 $274 $208 $385 $272 $3,490 NR$1,379 $7,581 $974 NR$2,107 $420 $1,687 $204 NR$60,253 $6,676 $0 $7,902 NRNR$15,454 $5,462 $987 $1,730 $1,163 $0 NR$1,928 $4,288 $1,557 $2,978 $1,980 $1,246 $1,024 $3,746 $949 $11,380 $1,624 $973 $967
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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 25, 2022
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Publish date: September 2024
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