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CSIA Presents: Angel Tax Credit Member Briefing
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1/12/2010
When: January 12, 2010
10:00am - 11:30am
Where: CSIA
216 16th Street
Suite 850
Denver, Colorado  80202
Contact: Aimee Charlton


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Colorado legislator’s recently passed HB 09-1105 creating the Colorado Innovation Investment Tax Credit (CIITC).  CIITC provides an income tax credit for investing entities that make investments during calendar year 2010 in small, innovative Colorado companies that are involved in research and development or manufacturing of new technologies, processes, and/or products. 

The tax credit is equal to 15% of the investment up to a maximum tax credit of $20,000 per taxpayer id.  The maximum tax credit amount for the entire program for the 2010 tax year is $750,000. 

The Colorado Office of Economic Development and International Trade (OEDIT) is responsible for implementing and managing this new program.  OEDIT has prepared a Fact Sheet containing additional information about the program and guidance regarding the application and review process.  

Please see the Application Package for use (1) by the entity making the investment to apply for the tax credit (see Part A of the application), and (2) by the business receiving the investment to apply for certification by OEDIT as a qualified small business (see Part B of the application).  Note that a small business may submit Part B to OEDIT prior to, or at the time of, the investment.  OEDIT will begin accepting Part A on January 1, 2010.  OEDIT will being accepting Part B immediately.  Requests for tax credits will be processed on a first come, first serve basis. 

Join us as Roland Erickson, Program Manager, OEDIT will be giving an overview and answering all questions. 

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