Colorado
CO
Adams County
County
2018
Various tax abatement agreements
Business attraction/retention/expansion
Authority of the Board
Adams County
Real Property Tax; Personal Property Tax
Tax Rebate
(not specified)
$193,911
$0
$193,911
(none)
https://adcogov.org/annual-financial-report-afr
604
Colorado
CO
Arapahoe County
County
2018
Various Personal Property Tax Abatement Agreements
General Economic Development
Colorado Revised Statute Sec. 30-11-123.
Arapahoe County
Personal Property Tax
Payment or credit
Yes
$57,840
$0
$57,840
In the event of default by the taxpayer, the maximum amount recoverable by the County is the amount of incentive payments paid to the taxpayer under the agreement.
https://www.arapahoegov.com/379/Annual-Reports
605
Colorado
CO
City and County of Denver
City/County
2018
Business Incentive Agreements
Business attraction/retention/expansion
Sections 30-11-123 and 31-15-903, CRS, and Chapter 53, Article XVI, DRMC
The City and County of Denver
Personal Property Tax
Tax Credit
Yes
$206,000
$0
$206,000
If at any time after the City grants an incentive tax credit, the City, in its sole discretion determines that Taxpayer did not meet all requirements of sections 30-11-123 and 31-15-903, CRS, Chapter 53, Article XVI, DRMC or other incentive tax credit requirements of the City under section 53-544, DRMC in the tax year for which a credit was granted, Taxpayer agrees that City may issue to Taxpayer a Special Notice of Valuation, and assess and collect from Taxpayer, in the manner provided for in the Colorado Revised Statutes, taxes in the amount of the incentive tax credit for the subject tax year.
https://www.denvergov.org/Government/Agencies-Departments-Offices/Agencies-Departments-Offices-Directory/Department-of-Finance/Financial-Reports/Annual-Comprehensive-Financial-Report
606
Colorado
CO
City and County of Denver
City/County
2018
Various Tax Increment Financing (TIF)
General Economic Development
Sections 30-11-123 and 31-15-903, CRS, and Chapter 53, Article XVI, DRMC
The City and County of Denver
Property Tax
Tax Increment Financing (TIF)
(no provisions for recapture)
$19,234,000
$0
$19,234,000
Abated by DURA. City may issue to Taxpayer a Special Notice of Valuation, and assess and collect from Taxpayer, in the manner provided for in the Colorado Revised Statutes, taxes in the amount of the incentive Tax Credit for the subject tax year.
https://www.denvergov.org/Government/Agencies-Departments-Offices/Agencies-Departments-Offices-Directory/Department-of-Finance/Financial-Reports/Annual-Comprehensive-Financial-Report
607
Colorado
CO
City of Aurora
Municipality
2018
Various Tax Incentive Agreements
Retail development
City Council Ordinance
City of Aurora
Use Tax; Sales Tax; Personal Property Tax
Abatement
(not specified)
$2,500,870
$0
$2,500,870
Disclosed in commitments; the number is the amount paid to date. Recipients are the developers of Town Center at Aurora, Pacific Ocean Marketplace Aurora, Serenity Ridge Marketplace, and Aurora Crossing
https://www.auroragov.org/cms/One.aspx?portalId=16242704&pageId=16401536#Prior%20Year%20Comprehensive%20Annual%20Financial%20Reports
608
Colorado
CO
City of Colorado Springs
Municipality
2018
Economic Development Incentive - Hotel/Entertainment
General Economic Development
City Council
City of Colorado Springs
Sales and Use Tax
Tax Rebate
Refund of excess payment requested
$91,074
$0
$91,074
The City reviews these submissions to verify compliance with the terms of each specific agreement and then issues the payment via check back to the company. The City reserves the right to recapture any payment paid in error and requires the company to return funds when either party becomes aware of an excess payment.
https://coloradosprings.gov/accounting/page/annual-comprehensive-financial-report-acfr
609
Colorado
CO
City of Colorado Springs
Municipality
2018
Economic Development Incentive - Insurance
General Economic Development
City Council
City of Colorado Springs
Sales and Use Tax
Tax Rebate
Refund of excess payment requested
$104,662
$0
$104,662
The City reviews these submissions to verify compliance with the terms of each specific agreement and then issues the payment via check back to the company. The City reserves the right to recapture any payment paid in error and requires the company to return funds when either party becomes aware of an excess payment.
https://coloradosprings.gov/accounting/page/annual-comprehensive-financial-report-acfr
610
Colorado
CO
City of Colorado Springs
Municipality
2018
Economic Development Incentive - Imaging Solutions
General Economic Development
City Council
City of Colorado Springs
Sales and Use Tax
Tax Rebate
Refund of excess payment requested
$182,870
$0
$182,870
The City reviews these submissions to verify compliance with the terms of each specific agreement and then issues the payment via check back to the company. The City reserves the right to recapture any payment paid in error and requires the company to return funds when either party becomes aware of an excess payment.
https://coloradosprings.gov/accounting/page/annual-comprehensive-financial-report-acfr
611
Colorado
CO
City of Colorado Springs
Municipality
2018
Economic Development Incentive - Retail Sales
General Economic Development
City Council
City of Colorado Springs
Sales and Use Tax
Tax Rebate
Refund of excess payment requested
$447,717
$0
$447,717
The City reviews these submissions to verify compliance with the terms of each specific agreement and then issues the payment via check back to the company. The City reserves the right to recapture any payment paid in error and requires the company to return funds when either party becomes aware of an excess payment.
https://coloradosprings.gov/accounting/page/annual-comprehensive-financial-report-acfr
612
Colorado
CO
City of Fort Collins
Municipality
2018
Business Assistance Agreements
Business attraction/retention/expansion
City Council under Resolutions 91-15, 99-23, 2013-025, and 2015-079
City of Fort Collins
bond financing, manufacturing equipment use tax rebates, and business personal property tax rebates
Bond financing; Tax Rebates
(not specified)
$743,969
$0
$743,969
(none)
https://www.fcgov.com/finance/annual-financial-reports
613
Colorado
CO
City of Fort Collins
Municipality
2018
Manufacturer's Use Tax Rebates
General Economic Development
City Code Article II – Tax Refund and Rebate Program, section 25-64.
City of Fort Collins
Sales and Use tax
Tax Rebate
(not specified)
$444,913
$0
$444,913
(none)
https://www.fcgov.com/finance/annual-financial-reports
614
Colorado
CO
City of Lakewood
Municipality
2018
Lakewood Reinvestment Authority Agreements (Wal-Mart)
General Economic Development
Colorado statutes
City of Lakewood
Sales and Use Tax
Tax Abatement
not specified
$1,800,926
$0
$1,800,926
Creekside Shopping Center (Wal-Mart)
https://www.lakewood.org/Government/Departments/Finance
615
Colorado
CO
City of Lakewood
Municipality
2018
Sales Tax Reimbursement-Stevinson Annexation
General Economic Development
Colorado statutes
City of Lakewood
Sales Tax
Tax Rebate
not specified
$2,024,289
$0
$2,024,289
(none)
https://www.lakewood.org/Government/Departments/Finance
616
Colorado
CO
Colorado
State
2018
Colorado Enterprise Zone (EZ) Contribution Tax Credits
General Economic Development (EZ)
Colorado Revised Statutes (CRS) Section 39-30-103.5
State of Colorado
Income Tax
Tax Credit
The provision for recapturing abated taxes would be an income tax return audit conducted by the Department of Revenue.
$14,567,000
$0
$14,567,000
(none)
https://osc.colorado.gov/financial-operations/financial-reports/acfr
617
Colorado
CO
Colorado
State
2018
Colorado Enterprise Zone (EZ)
General Economic Development (EZ)
Colorado Revised Statutes (CRS) Section 39-30
State of Colorado
Income Tax; Sales and Use Tax
Tax Credit; Tax Exemption
The provision for recapturing abated taxes would be an income tax return audit conducted by the Department of Revenue.
$54,515,000
$0
$54,515,000
(none)
https://osc.colorado.gov/financial-operations/financial-reports/acfr
618
Colorado
CO
Colorado
State
2018
Historic Preservation Tax Credit
Historic Preservation
Colorado Revised Statutes Section 39-22-514.5
State of Colorado
Income Tax
Tax Credit
(N/A - performance-based)
$4,148,000
$0
$4,148,000
(none)
https://osc.colorado.gov/financial-operations/financial-reports/acfr
619
Colorado
CO
Colorado
State
2018
Job Growth Incentive Tax Credit
Job Creation/Retention
Colorado Revised Statutes (CRS) Section 39-22-531
State of Colorado
Income Tax
Tax Credit
The provision for recapturing abated taxes would be an income tax return audit conducted by the Department of Revenue.
$6,885,000
$0
$6,885,000
(none)
https://osc.colorado.gov/financial-operations/financial-reports/acfr
620
Colorado
CO
Colorado
State
2018
Regional Tourism Act (TIF)
Tourism development
Colorado Revised Statutes Sections 24-46-301 through 309
State of Colorado
Property Tax; Sales Tax
Tax Increment Financing (TIF)
The provision for recapturing abated taxes is a formal decision by the EDC concluding the project has not commenced within five years.
$6,398,000
$0
$6,398,000
(none)
https://osc.colorado.gov/financial-operations/financial-reports/acfr
621
Colorado
CO
Jefferson County
County
2018
Various Business tax Abatement Agreements
Business attraction/retention/expansion
Colorado Revised Statute CRS 30-11-123
Jefferson County
Personal Property Tax
Tax Abatement
(not specified)
$763,262
$0
$763,262
In 2018 the County passed a resolution to discontinue business personal property tax payable to the county general fund beginning with taxes attributable to calendar year 2018 payable in 2019. Because of this a resolution to rescind the policy regard the Business Personal Property Tax Incentive was also passed. No new incentive agreements will be entered into in the future all current agreements will be honored until the end of the agreed upon timeframe.
https://www.jeffco.us/1768/Financial-Reports
622
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