State Incentives, Longmont Economic Vitality
STATEWIDE INCENTIVES
Tax Rebates
- Sales and Use Tax Exemption on Manufacturing Machinery
“Purchases of machinery or machine tools and parts thereof are exempt from state sales and use tax when the machinery will be used in manufacturing.”
http://www.revenue.state.co.us/fyi/html/sales10.html
- School-to-Career Investment Credit
“Colorado taxpayers are allowed to claim a credit of 10 percent of their current year investment in a qualified school-to-career program.”
http://www.revenue.state.co.us/fyi/html/income32.html
Grants
- Job Creation Performance Fund
This fund provides an incentive for companies that have created new jobs with above average wages.
http://www.colorado.gov/cs/Satellite/OEDIT/OEDIT/1167928017047
- Colorado Economic Development Commission (EDC)
“The EDC approves loans and grants from the economic development fund to public and private entities throughout the state to help existing businesses expand and new companies locate to Colorado.”
http://www.colorado.gov/cs/Satellite?c=Page&cid=1165009699743&pagename=OEDIT%2FOEDITLayout
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