The Colorado General Assembly enacted changes to the state tax credit program in 2014 that will affect both residential and commercial projects.
The tax credit for residential projects will remain at 20% of the qualified rehabilitation costs up to a maximum $50,000 credit per qualified property.
Changes to note: the application form, list of applicable projects and some of the requirements will change for residential applications starting October 1, 2015. The new application form and requirements will be posted by late September 2015. Applications received through September 30, 2015, should use the current application form and requirements already posted on this website.
Applicants can continue to use the current program (and associated application and requirements, already posted on this site), which offers a tax credit at 20% of the qualified rehabilitation costs of a project up to a maximum $50,000 credit per qualified property.
What's new: A new alternative for commercial projects is now available through the state, offering up to a 25% credit and a higher maximum credit. For information on that program visit the Colorado Office of Economic Development and International Trade website.