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Colorado Department of Revenue
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2017 Individual Statistics of Income
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Table 26. Colorado Tax Credits by Size of Federal AGI
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This table summarizes the types of Colorado 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 CreditContaminated Land Redevelopment CreditJob Growth Incentive CreditCertified Auction Group License Fee CreditAdvanced Industry Investment CreditLow-Income Housing CreditFood Contributed to Hunger-Relief Charitable Organizations CreditPreservation of Historic Structures CreditRural Jump-Start Zone CreditRural & Frontier Health Care Preceptor 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 1
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Negative IncomeNR 13 0 2,922 NRNR 0 0 0 0 0 0 0 NRNR 0 0 0 0 0 0 0 0 0 0 0 NR 0 0 NR 0 0 0 0 NR 0 0 0 2,967
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$ 0 to $ 9,999 0 NRNR 76,743 0 NR 0 11 0 NR 0 0 0 NRNR 0 0 0 0 0 0 0 0 0 0 0 NR 0 0 NR 0 0 0 0 NR 0 0 0 77,835
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$ 10,000 to $ 19,999NRNR 816 95,364 NR 3,034 0 25 0 NR 0 NRNR 30 151 0 0 0 0 NR 0 NR 0 0 0 NR 61 0 0 NR 0 0 0 0 27 NR 0 0 98,439
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$ 20,000 to $ 29,999NR 22 5,345 61,119 NR 2,847 0 32 0 13 0 NRNR 78 318 0 0 0 0 0 0 10 NR 0 0 NR 144 NR 0 14 NR 0 0 NR 52 NRNRNR 64,602
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$ 30,000 to $ 39,999NR 18 6,914 53,925 NR 2,792 NR 45 NR 15 0 NRNR 161 592 0 0 NR 0 0 0 NRNR 0 0 NR 177 0 NR 11 NR 0 0 0 107 NR 0 NR 57,931
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$ 40,000 to $ 49,999NR 32 5,383 20,424 NR 2,943 0 45 NR 19 NRNRNR 259 1,399 0 0 0 0 0 0 NRNR 0 0 0 207 0 NR 18 NR 0 0 0 238 NRNRNR 28,712
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$ 50,000 to $ 59,999NR 47 4,669 2,185 NR 2,897 0 56 NR 27 0 NR 0 361 1,764 0 0 NR 0 NR 0 NRNR 0 0 NR 196 0 NR 18 NR 0 0 NR 308 NR 0 NR 12,069
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$ 60,000 to $ 74,999NR 76 16 21 NR 4,289 NR 141 NR 41 NRNR 0 774 2,250 0 0 NR 0 NR 0 NRNR 0 NRNR 290 0 0 28 NR 0 0 NR 612 NRNRNR 8,199
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$ 75,000 to $ 99,999 15 176 NR 11 11 7,135 0 249 NR 60 NRNRNR 1,544 3,478 0 0 NR 0 NR 0 12 NRNRNRNR 385 NRNR 42 14 0 0 NR 1,285 NRNR 14 13,688
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$ 100,000 to $ 199,999 54 719 NRNR 20 17,986 NR 1,504 11 152 NRNRNR 5,641 3,898 NRNRNR 0 20 0 24 11 NR 29 NR 639 NRNR 150 49 NR 0 27 4,257 11 19 102 32,426
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$ 200,000 to $ 499,999 70 614 0 NR 31 13,204 0 1,596 17 89 NRNRNR 5,502 11 0 NR 25 0 29 0 NR 14 NR 27 0 489 NRNR 190 34 10 NR 23 3,635 15 39 120 22,422
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$ 500,000 to $ 999,999 47 169 0 0 NR 4,142 0 877 NR 18 NRNRNR 1,868 0 NRNR 19 0 18 0 0 NR 0 NRNR 189 NRNR 58 NRNR 0 NR 1,050 NR 36 56 6,779
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$ 1,000,000 and over 87 139 0 0 0 3,266 0 367 0 11 0 0 NR 1,378 0 0 NR 17 0 NR 0 0 NR 0 0 NR 191 NRNR 70 NRNR 0 19 711 NR 60 61 4,551
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Total 311 2,041 23,158 312,719 97 65,601 NR 4,948 52 449 20 36 26 17,613 13,866 NR 15 72 0 87 0 87 60 NR 65 18 2,981 16 18 606 130 22 NR 86 12,293 61 165 375 430,620
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II. Colorado Tax Credits (Not in Thousands)
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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 CreditContaminated Land Redevelopment CreditJob Growth Incentive CreditCertified Auction Group License Fee CreditAdvanced Industry Investment CreditLow-Income Housing CreditFood Contributed to Hunger-Relief Charitable Organizations CreditPreservation of Historic Structures CreditRural Jump-Start Zone CreditRural & Frontier Health Care Preceptor 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 IncomeNRNR$0 $301,791 NRNR$0 $0 $0 $0 $0 $0 $0 NRNR$0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 NR$0 $0 NR$0 $0 $0 $0 NR$0 $0 $0 $454,899
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$ 0 to $ 9,999$0 $52,500 NR$7,745,613 $0 NR$0 $394 $0 NR$0 $0 $0 NRNR$0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 NR$0 $0 NR$0 $0 $0 $0 NR$0 $0 $0 $7,852,160
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$ 10,000 to $ 19,999NRNR$73,832 $27,072,481 NR$345,985 $0 $1,082 $0 NR$0 NRNR$3,645 $14,970 $0 $0 $0 $0 NR$0 NR$0 $0 $0 NR$9,288 $0 $0 NR$0 $0 $0 $0 $2,104 NR$0 $0 $27,550,865
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$ 20,000 to $ 29,999NR$105,000 $901,426 $21,464,178 NR$588,982 $0 $1,968 $0 $2,606 $0 NRNR$12,721 $37,342 $0 $0 $0 $0 $0 $0 $2,576 NR$0 $0 NR$38,021 NR$0 $5,464 NR$0 $0 NR$6,114 NRNRNR$23,173,312
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$ 30,000 to $ 39,999NR$77,500 $823,043 $10,422,623 NR$851,335 NR$4,103 NR$6,744 $0 NRNR$35,184 $70,742 $0 $0 NR$0 $0 $0 NRNR$0 $0 NR$71,105 $0 NR$6,009 NR$0 $0 $0 $16,724 NR$0 NR$12,405,726
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$ 40,000 to $ 49,999NR$150,630 $281,292 $2,241,476 NR$1,147,845 $0 $5,676 NR$10,456 NRNRNR$63,640 $198,958 $0 $0 $0 $0 $0 $0 NRNR$0 $0 $0 $127,819 $0 NR$14,752 NR$0 $0 $0 $36,306 NRNRNR$4,302,336
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$ 50,000 to $ 59,999NR$225,000 $242,465 $84,386 NR$1,327,150 $0 $8,833 NR$13,295 $0 NR$0 $107,975 $258,599 $0 $0 NR$0 NR$0 NRNR$0 $0 NR$153,247 $0 NR$14,635 NR$0 $0 NR$64,091 NR$0 NR$2,529,870
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$ 60,000 to $ 74,999NR$354,163 $1,162 $4,223 NR$2,361,719 NR$27,128 NR$19,723 NRNR$0 $243,534 $391,130 $0 $0 NR$0 NR$0 NRNR$0 NRNR$268,560 $0 $0 $22,730 NR$0 $0 NR$139,322 NRNRNR$3,889,756
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$ 75,000 to $ 99,999$36,764 $843,450 NR$2,851 $1,864 $4,805,261 $0 $57,065 NR$47,729 NRNRNR$581,769 $840,215 $0 $0 NR$0 NR$0 $2,333 NRNRNRNR$427,887 NRNR$49,203 $16,342 $0 $0 NR$335,503 NRNR$4,205 $8,139,548
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$ 100,000 to $ 199,999$192,861 $3,511,018 NRNR$3,333 $20,138,045 NR$339,904 $43,339 $100,290 NRNRNR$3,244,942 $1,026,747 NRNRNR$0 $55,108 $0 $6,012 $28,935 NR$29,000 NR$858,825 NRNR$264,539 $91,945 NR$0 $29,791 $1,667,626 $29,710 $5,235 $49,025 $31,773,523
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$ 200,000 to $ 499,999$586,834 $3,007,156 $0 NR$3,911 $35,203,025 $0 $318,173 $115,221 $98,527 NRNRNR$6,333,357 $2,700 $0 NR$23,966 $0 $149,205 $0 NR$112,015 NR$27,000 $0 $839,276 NRNR$433,976 $73,560 $9,399 NR$39,945 $2,426,807 $61,148 $14,508 $96,656 $50,049,816
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$ 500,000 to $ 999,999$1,061,295 $822,348 $0 $0 NR$28,905,203 $0 $440,290 NR$42,324 NRNRNR$4,984,419 $0 NRNR$41,221 $0 $111,821 $0 $0 NR$0 NRNR$536,161 NRNR$228,226 NRNR$0 NR$1,643,806 NR$38,712 $91,727 $39,241,395
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$ 1,000,000 and over$10,684,989 $730,000 $0 $0 $0 $113,720,118 $0 $495,219 $0 $19,251 $0 $0 NR$12,207,204 $0 $0 NR$105,451 $0 NR$0 $0 NR$0 $0 NR$1,544,444 NRNR$419,609 NRNR$0 $73,785 $2,990,003 NR$318,232 $178,904 $145,507,411
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Total 2$12,603,713 $9,961,265 $2,324,403 $69,340,415 $15,766 $209,446,355 NR$1,699,835 $224,493 $361,489 $6,391 $35,947 $18,423 $27,852,111 $2,842,341 NR$1,224,102 $180,643 $0 $375,517 $0 $25,532 $968,142 NR$65,000 $14,112 $4,916,152 $52,985 $19,697 $1,461,270 $218,187 $41,556 NR$181,490 $9,337,101 $231,194 $378,580 $425,344 $356,870,617
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III. Average Tax Credits per Return (Not in Thousands)
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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 CreditContaminated Land Redevelopment CreditJob Growth Incentive CreditCertified Auction Group License Fee CreditAdvanced Industry Investment CreditLow-Income Housing CreditFood Contributed to Hunger-Relief Charitable Organizations CreditPreservation of Historic Structures CreditRural Jump-Start Zone CreditRural & Frontier Health Care Preceptor 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 IncomeNRNR$0 $103 NRNR$0 $0 $0 $0 $0 $0 $0 NRNR$0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 NR$0 $0 NR$0 $0 $0 $0 NR$0 $0 $0 $153
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$ 0 to $ 9,999$0 $4,773 NR$101 $0 NR$0 $36 $0 NR$0 $0 $0 NRNR$0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 NR$0 $0 NR$0 $0 $0 $0 NR$0 $0 $0 $101
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$ 10,000 to $ 19,999NRNR$90 $284 NR$114 $0 $43 $0 NR$0 NRNR$122 $99 $0 $0 $0 $0 NR$0 NR$0 $0 $0 NR$152 $0 $0 NR$0 $0 $0 $0 $78 NR$0 $0 $280
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$ 20,000 to $ 29,999NR$4,773 $169 $351 NR$207 $0 $62 $0 $200 $0 NRNR$163 $117 $0 $0 $0 $0 $0 $0 $258 NR$0 $0 NR$264 NR$0 $390 NR$0 $0 NR$118 NRNRNR$359
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$ 30,000 to $ 39,999NR$4,306 $119 $193 NR$305 NR$91 NR$450 $0 NRNR$219 $119 $0 $0 NR$0 $0 $0 NRNR$0 $0 NR$402 $0 NR$546 NR$0 $0 $0 $156 NR$0 NR$214
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$ 40,000 to $ 49,999NR$4,707 $52 $110 NR$390 $0 $126 NR$550 NRNRNR$246 $142 $0 $0 $0 $0 $0 $0 NRNR$0 $0 $0 $617 $0 NR$820 NR$0 $0 $0 $153 NRNRNR$150
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$ 50,000 to $ 59,999NR$4,787 $52 $39 NR$458 $0 $158 NR$492 $0 NR$0 $299 $147 $0 $0 NR$0 NR$0 NRNR$0 $0 NR$782 $0 NR$813 NR$0 $0 NR$208 NR$0 NR$210
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$ 60,000 to $ 74,999NR$4,660 $73 $201 NR$551 NR$192 NR$481 NRNR$0 $315 $174 $0 $0 NR$0 NR$0 NRNR$0 NRNR$926 $0 $0 $812 NR$0 $0 NR$228 NRNRNR$474
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$ 75,000 to $ 99,999$2,451 $4,792 NR$259 $169 $673 $0 $229 NR$795 NRNRNR$377 $242 $0 $0 NR$0 NR$0 $194 NRNRNRNR$1,111 NRNR$1,172 $1,167 $0 $0 NR$261 NRNR$300 $595
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$ 100,000 to $ 199,999$3,572 $4,883 NRNR$167 $1,120 NR$226 $3,940 $660 NRNRNR$575 $263 NRNRNR$0 $2,755 $0 $251 $2,630 NR$1,000 NR$1,344 NRNR$1,764 $1,876 NR$0 $1,103 $392 $2,701 $276 $481 $980
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$ 200,000 to $ 499,999$8,383 $4,898 $0 NR$126 $2,666 $0 $199 $6,778 $1,107 NRNRNR$1,151 $245 $0 NR$959 $0 $5,145 $0 NR$8,001 NR$1,000 $0 $1,716 NRNR$2,284 $2,164 $940 NR$1,737 $668 $4,077 $372 $805 $2,232
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$ 500,000 to $ 999,999$22,581 $4,866 $0 $0 NR$6,979 $0 $502 NR$2,351 NRNRNR$2,668 $0 NRNR$2,170 $0 $6,212 $0 $0 NR$0 NRNR$2,837 NRNR$3,935 NRNR$0 NR$1,566 NR$1,075 $1,638 $5,789
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$ 1,000,000 and over$122,816 $5,252 $0 $0 $0 $34,819 $0 $1,349 $0 $1,750 $0 $0 NR$8,859 $0 $0 NR$6,203 $0 NR$0 $0 NR$0 $0 NR$8,086 NRNR$5,994 NRNR$0 $3,883 $4,205 NR$5,304 $2,933 $31,973
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Average$40,526 $4,881 $100 $222 $163 $3,193 NR$344 $4,317 $805 $320 $999 $709 $1,581 $205 NR$81,607 $2,509 $0 $4,316 $0 $293 $16,136 NR$1,000 $784 $1,649 $3,312 $1,094 $2,411 $1,678 $1,889 NR$2,110 $760 $3,790 $2,294 $1,134 $829
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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 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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2 Figures in this table might not sum to total due to rounding.
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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 22, 2019
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Original publish date: December 2020
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Updated date: November 2021
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