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San Luis Valley Free Enterprise Zone
Free Enterprise
Zone Benefits:
1. Three percent investment tax credit-businesses making investments
in equipment used exclusively in an enterprise zone qualify.
2. $500 job tax credit-businesses hiring new employees in connection
with a "new business facility" located in an enterprise zone
may clain a tax credit against state income taxes of $500 for each such
employee.
3. Credit to rehabilitate vacant buildings-users of vacant buildings
that are at least 20 years old and have been vacant for at least 2 years
may clain a credit of 25 percent of the cost of rehabilitating each building;
credit limit is $50,000
For further information about the San Luis Valley Free Enterprise Zone,
click here.
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