Colorado CO Adams County County 2019 Various tax abatement agreements Business attraction/retention/expansion Authority of the Board Adams County Real Property Tax; Personal Property Tax Tax Rebate (not specified) $291,298 $0 $291,298 (none) https://adcogov.org/annual-financial-report-afr 623 Colorado CO Arapahoe County County 2019 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 $96,704 $0 $96,704 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 624 Colorado CO City and County of Denver City/County 2019 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 $333,000 $0 $333,000 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 625 Colorado CO City and County of Denver City/County 2019 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) $19,000,000 $0 $19,000,000 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 626 Colorado CO City of Aurora Municipality 2019 Various Tax Incentive Agreements Retail development City Council Ordinance City of Aurora Use Tax; Sales Tax; Personal Property Tax Abatement (not specified) $2,968,443 $0 $2,968,443 Disclosed in commitments; the number is the amount paid to date. At December 31, 2019, the city had development incentive agreements with Town Center at Aurora and the developers of 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 627 Colorado CO City of Colorado Springs Municipality 2019 Economic Development Incentive - Airplane/airline General Economic Development City Council City of Colorado Springs Sales and Use Tax Tax Rebate Refund of excess payment requested $23,736 $0 $23,736 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 628 Colorado CO City of Colorado Springs Municipality 2019 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 $91,459 $0 $91,459 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 629 Colorado CO City of Fort Collins Municipality 2019 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) $878,084 $0 $878,084 (none) https://www.fcgov.com/finance/annual-financial-reports 630 Colorado CO City of Fort Collins Municipality 2019 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) $405,437 $0 $405,437 (none) https://www.fcgov.com/finance/annual-financial-reports 631 Colorado CO City of Lakewood Municipality 2019 Lakewood Reinvestment Authority Agreements (Wal-Mart) General Economic Development Colorado statutes City of Lakewood Sales and Use Tax Tax Abatement not specified $1,849,271 $0 $1,849,271 Creekside Shopping Center (Wal-Mart) https://www.lakewood.org/Government/Departments/Finance 632 Colorado CO City of Lakewood Municipality 2019 Sales Tax Reimbursement-Stevinson Annexation General Economic Development Colorado statutes City of Lakewood Sales Tax Tax Rebate not specified $2,096,651 $0 $2,096,651 (none) https://www.lakewood.org/Government/Departments/Finance 633 Colorado CO Colorado State 2019 Colorado Enterprise Zone Program General Economic Development (EZ) Article 30 of Title 39 of the Colorado Revised Statutes (C.R.S.) State of Colorado Income Tax Tax Credit; Tax Exemption The provision for recapturing abated taxes would be an income tax return audit conducted by the Department of Revenue. $71,364,300 $0 $71,364,300 (none) https://osc.colorado.gov/financial-operations/financial-reports/acfr 634 Colorado CO Colorado State 2019 Job Growth Incentive Tax Credit Job Creation/Retention Section 39-22-531 C.R.S. 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. $16,215,600 $0 $16,215,600 (none) https://osc.colorado.gov/financial-operations/financial-reports/acfr 635 Colorado CO Colorado State 2019 Reginal Tourism Act Tourism development Sections 24-46-301 through 309 C.R.S. State of Colorado Sales Tax Tax diversion Recipients must follow the EDC resolution based on their application, and must build certain required elements and improvements and follow conditions established by the EDC. The provision for recapturing abated taxes is a formal decision by the EDC concluding the project has not commenced within five years. $8,767,200 $0 $8,767,200 (none) https://osc.colorado.gov/financial-operations/financial-reports/acfr 636 Colorado CO El Paso County County 2019 Economic Development Agreement w/Colorado Springs Economic Development formalized by the Board of County Commissioners through yearly resolutions El Paso County, Colorado Springs Sales and Use Tax Tax Abatement yes $75,559 $0 $75,559 (none) https://admin.elpasoco.com/financial-services/budget-finance/annual-comprehensive-financial-reports/ 637 Colorado CO Jefferson County County 2019 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) $447,620 $0 $447,620 (none) https://www.jeffco.us/1768/Financial-Reports 638 16