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