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 19