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Colorado Enterprise Zone Credit and Carryforward Schedule
Extracted from PDF file 2023-colorado-form-dr-1366.pdf, last modified August 2023Enterprise Zone Credit and Carryforward Schedule
DR 1366 (08/21/23) COLORADO DEPARTMENT OF REVENUE Tax.Colorado.gov *DO=NOT=SEND* 2023 Enterprise Zone Credit and Carryforward Schedule General Instructions (See form which starts on the next page) S Corporations). The amount of the pass-through credit that is passed through to resident members who will file a Colorado return should be entered in column B of the DR 0106CR (Credit allocated to partners or shareholders not included in this composite) and the amount of the pass-through credit that is passed through to non-resident members filing as a composite should be entered in column C of the DR 0106CR (Credit allocated to partners or shareholders included in this composite). Use form DR 0078A to report the detailed distribution of enterprise zone credits that are being distributed to investors/ owners by a partnership or S corporation. Furthermore, each recipient of pass-through credits shall complete form DR 1366 to claim their portion of the credit that is identified in form DR 0078A. If you are using a credit received from a partnership or S corporation, complete row b.) in the carryforward table and list the FEIN or account number of the partnership or S corporation for each credit you are claiming. Use this form to calculate enterprise zone credits earned in the current tax year and to report any carryforward amounts from previous years. Total non-refundable credit claimed cannot exceed the statutory limit or current year tax liability. Any taxpayer who claims an enterprise zone credit is statutorily required to file their returns electronically (§39-30-111, C.R.S.) and most software products and tax preparers have the ability to meet this requirement. Revenue Online can also be used to file your return and attachments electronically. If you are unable to file electronically, include this DR 1366 schedule and any supporting documentation with your paper return. HOWEVER, the Department strongly recommends electronic filing for taxpayers with enterprise zone credits. Failure to file electronically may result in delays processing your return. You must submit copies of certification forms or emails generated from the EZ Tax Credit online system with your tax return. Refer to the Enterprise Zone Tax Guide and or the Income Tax Topics: Enterprise Zone Contribution Credit guidance publication available at Tax.Colorado.gov for more information regarding enterprise zone income tax credits. Additional information about the Enterprise Zone Program is available at OEDIT.Colorado.gov/enterprise-zone-program Composite filings: Complete form DR 1366 to reflect the aggregate credits for the composite members. Complete row b.) in the carryforward table and list the FEIN or account number of the partnership or S corporation for each credit that is being used to offset tax for members of the composite filing. Important information regarding the refundable investment tax credit for renewable energy investments: The $750,000 cap is applicable at the partnership or S corporation level. The combination of credits claimed and used by investors/owners and any members cannot exceed $750,000 for a tax year. Follow the instructions and the example below to report unused enterprise zone credit(s) from a previous year. List only the carryforward not the full credit amount generated for that year. If more than 5 years of carryforward credits are being reported include a supplemental spreadsheet. Complete the year 20YY and the dollar amount of the carryforward for each year. Example: Reporting carryforward credit Follow the instructions to calculate the credit amount(s) that will be used to offset your tax liability. Only use current year credit generated once all carryforward credit has been exhausted. In 2014 you generated $1,000 of investment tax credit but you were unable to use $500 and are carrying that forward. In 2015 you generated a credit of $1,000 and in 2017 you generated a credit of $3,500. You have a $4,000 tax liability for tax year 2017 to apply your carryforward credits against. Enter the amount you are carrying forward for each year in row a) for each credit. Enter the amount of credit you are using against your current tax liability in row c), beginning with the oldest credits first. Finally, enter the difference between the amount you have to carry forward and the amount you use in row d). This will be the amount you have remaining to carry forward next year. Example of Carryforward Credit Reporting: Partnerships and S Corporations: Form DR 1366 must be completed for the partnership or S corporation to calculate the credits available for pass-through. Complete this copy of the DR 1366 calculating the amount of credit generated and available for use by all partners (resident and non-resident members). The totals of credit generated by the partnership available for distribution should be used to populate column A of the DR 0106CR form (Credit Available for Colorado Partnerships and The Investment Tax Credit Year Credit Generated 2014 2015 2017 20 20 a). Amount of Carryforward Available $500 $1,000 $3,500 $ $ $5,000 b). Amount of Credit Received from a Partnership or S Corporation $ $ $ $ $ $ c). Amount of Credit Used Against Line 9 $500 $1,000 $2,500 $ $ $4,000 d). T he sum of rows a. and b., minus row c. $0 (carryforward to the next year) Partnership or S Corporation FEIN $0 $1,000 $ Partnership or S Corporation Account Number $ Total $1,000 *231366==19999* DR 1366 (08/21/23) COLORADO DEPARTMENT OF REVENUE Tax.Colorado.gov Page 1 of 10 2023 Enterprise Zone Credit and Carryforward Schedule If claiming an Enterprise Zone credit, you must submit this schedule with your paper return. Last Name or Business Name First Name Middle Initial Account Number Check this box if you are submitting supplemental spreadsheets to report carryforward amounts or Partnership or S Corporation information: Partnership or S Corporation Name Ownership % Entity Account Number PART I: Investment Tax Credit, Renewable Energy Investment Tax Credit, and Commercial Vehicle Investment Tax Credit Section A - Carryforward of refundable credit for renewable energy investment (for refundable elections made prior to January 1, 2021) Please submit copies of the credit certificates that were issued to generate each original refundable renewable energy investment tax credit. 1. Enter the total refundable amount of renewable energy investment credit generated in prior years remaining for use this year. 1 00 2. Enter the amount of refundable renewable energy investment credit claimed this year. The amount on this line may not exceed $750,000. 2 00 3. Subtract line 2 from line 1 and enter the remainder on this line. This is the amount of refundable renewable energy credit remaining for refund in future tax years. 3 00 Section B - L imitation for allowable Investment Tax Credit, Renewable Energy Investment Tax Credit, and Commercial Vehicle Investment Tax Credit 4. Current year tax liability 4 5. Statutory credit limitation 5 6. Subtract line 5 from line 4. If line 4 is less than line 5 enter 0 00 $ 5,0 0 0 00 6 00 7 00 8. Sum of lines 5 and 7 8 9. Enter the smaller of lines 4 or 8. This is the current year limit for allowable credit. 9 00 7. 50% of line 6 00 DR 1366 (08/21/23) COLORADO DEPARTMENT OF REVENUE Tax.Colorado.gov Page 2 of 10 *231366==29999* Name Account Number Section C - C redit Carried Forward and Used for Investment Tax Credit, Renewable Energy Investment Tax Credit, and Commercial Vehicle Investment Tax Credit Use of these credits is limited by the amount of your current year tax liability. Only use carryforward and pass-through credit that does not exceed the limitation calculated on line 9 in section B above. The Investment Tax Credit (see Enterprise Zone Tax Guide for carryforward periods) Year Credit Generated a). A mount of Carryforward Available b). Amount of Credit Received from a Partnership or S Corporation 20 20 20 20 20 $ $ $ $ $ $ $ $ $ $ $ $ c). A mount of Credit Used Against Line 9 $ $ $ $ $ d). The sum of rows a. and b., minus row $ $ $ $ $ c. (carryforward to the next year) Partnership or S Corporation Partnership or Account Number S Corporation FEIN The Commercial Vehicle Investment Tax Credit (see Enterprise Zone Tax Guide for carryforward periods) Year Credit Generated a). A mount of Carryforward Available b). Amount of Credit Received from a Partnership or S Corporation Total $ $ 20 20 20 20 20 $ $ $ $ $ $ $ $ $ $ $ $ c). Amount of Credit Used Against Line 9 $ $ $ $ $ d). The sum of rows a. and b., minus row c. (carryforward to the next year) $ $ $ $ $ Partnership or Partnership or S Corporation S Corporation FEIN Account Number The Renewable Energy Investment Tax Credit (see Enterprise Zone Tax Guide for carryforward periods) Total $ $ Year Credit Generated 20 20 20 20 20 a). A mount of Carryforward Available b). Amount of Credit Received from a Partnership or S Corporation $ $ $ $ $ $ $ $ $ $ $ $ $ $ c). Amount of Credit Used Against Line 9 $ $ $ $ d). The sum of rows a. and b., minus row c. (carryforward to the next year) $ $ $ $ Partnership or Partnership or S Corporation S Corporation FEIN Account Number 10. Enter the Grand Total of carryforward and Partnership or S Corporation Grand credit used (all c rows in this section). Carry this total to line 11. Total $ $ Total $ *231366==39999* DR 1366 (08/21/23) COLORADO DEPARTMENT OF REVENUE Tax.Colorado.gov Page 3 of 10 Name Section D - C urrent Year Credit Generated and Used for Investment Tax Credit, Renewable Energy Investment Tax Credit, and Commercial Vehicle Investment Tax Credit 11. Enter the amount from line 10 from Section C above, carryforward 11 and pass-through credit used to offset current tax liability 12. Current year Investment Tax Credit investment amount generated. Any investment amount entered on lines 15 or 18 should not be included in the amount entered on line 12. 12 13. Enter 3% of line 12 in Column A. Is the amount in line 11 less than the amount on line 9? If yes, enter the amount of credit used in Column B to offset current liability. The combination of line 11, line 13 Column B, line 16 Column B, and line 19 Column 13 B cannot exceed the limit calculated on line 9. 14. Subtract line 13 Column B from line 13 Column A and enter the result on line 14. This is the amount of carryforward available next year. 14 15. Current year Commercial Vehicle Investment Tax Credit investment amount generated 15 16. Enter 1.5% of line 15 in Column A. Is the amount in line 11 less than the amount on line 9? If yes, enter the amount of credit used in Column B to offset current liability. The combination of line 11, line 13 Column B, line 16 Column B, and line 19 Column B 16 cannot exceed the limit calculated on line 9. 17. Subtract line 16 Column B from line 16 Column A and enter the result on line 17. This is the amount of carryforward available next year. 17 18. Current year Renewable Energy Investment Tax Credit investment amount generated. Do not include investment amounts refunded under section A of this form. 18 19. Enter 3% of line 18 in Column A. Is the amount in line 11 less than the amount on line 9? If yes, enter the amount of credit used in Column B to offset current liability. The combination of line 11, line 13 Column B, line 16 Column B, and line 19 Column B 19 cannot exceed the limit calculated on line 9. 20. Subtract line 19 Column B from line 19 Column A and enter the result on line 20. This is the amount of carryforward available next year. 20 21. Credit Used: Enter the sum of line 11 Column B, line 13 Column B, line 16 Column B, and line 19 Column B. The total of this line 21 cannot exceed the current year limitation calculated on line 9. 21 Account Number Column A Credit Available Column B Credit Used 00 00 00 00 00 00 00 00 00 00 00 00 00 00 DR 1366 (08/21/23) COLORADO DEPARTMENT OF REVENUE Tax.Colorado.gov Page 4 of 10 *231366==49999* Name Account Number PART II: Business Facility New Employee Credits Section A - Credit Carried Forward and Used for Business Facility New Employee Credit, Enhanced Rural Enterprise Zone New Employee Credit, Agricultural Processing New Employee Credit, Enhanced Rural Enterprise Zone Agricultural Processing New Employee Credit, and Employee Health Insurance Credit The Business Facility New Employee Credit (see Enterprise Zone Tax Guide for carryforward periods) Year Credit Generated 20 20 20 20 20 Total a). A mount of Carryforward Available b). Amount of Credit Received from a Partnership or S Corporation $ $ $ $ $ $ $ $ $ $ $ $ c). Amount of Credit Used $ $ $ $ $ $ d). The sum of rows a. and b., minus row c. (carryforward to the next year) $ $ $ $ $ $ Partnership or Partnership or S Corporation S Corporation FEIN Account Number The Enhanced Rural Enterprise Zone New Employee Credit (see Enterprise Zone Tax Guide for carryforward periods) Year Credit Generated a). A mount of Carryforward Available b). Amount of Credit Received from a Partnership or S Corporation 20 20 20 20 20 Total $ $ $ $ $ $ $ $ $ $ $ $ c). Amount of Credit Used $ $ $ $ $ $ d). The sum of rows a. and b., minus row c. (carryforward to the next year) $ $ $ $ $ $ Partnership or Partnership or S Corporation S Corporation FEIN Account Number The Agricultural Processing New Employee Credit (see Enterprise Zone Tax Guide for carryforward periods) Year Credit Generated a). A mount of Carryforward Available b). Amount of Credit Received from a Partnership or S Corporation c). Amount of Credit Used d). The sum of rows a. and b., minus row c. (carryforward to the next year) $ Partnership or S Corporation FEIN 20 20 20 20 20 $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ Partnership or S Corporation Account Number $ Total $ DR 1366 (08/21/23) COLORADO DEPARTMENT OF REVENUE Tax.Colorado.gov Page 5 of 10 *231366==59999* Name Account Number Section A - Credit Carried Forward and Used for Business Facility New Employee Credit, Enhanced Rural Enterprise Zone New Employee Credit, Agricultural Processing New Employee Credit, Enhanced Rural Enterprise Zone Agricultural Processing New Employee Credit, and Employee Health Insurance Credit (continued) The Enhanced Rural Enterprise Zone Agricultural Processing New Employee Credit (see Enterprise Zone Tax Guide for carryforward periods) Year Credit Generated 20 20 20 20 20 $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ d). The sum of rows a. and b., minus row c. (carryforward to the next year) $ $ $ $ $ Partnership or Partnership or S Corporation S Corporation FEIN Account Number The Employee Health Insurance Credit (see Enterprise Zone Tax Guide for carryforward periods) $ a). A mount of Carryforward Available b). Amount of Credit Received from a Partnership or S Corporation c). Amount of Credit Used Year Credit Generated a). A mount of Carryforward Available b). Amount of Credit Received from a Partnership or S Corporation c). Amount of Credit Used d). The sum of rows a. and b., minus row c. (carryforward to the next year) Total $ 20 20 20 20 20 Total $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ Partnership or Partnership or S Corporation S Corporation FEIN Account Number 22. Enter the Grand Total of carryforward and Partnership or S Corporation Grand credit used (all c rows in this section). Carry this total to line 23. Total $ Section B - C redit Carried Forward and Used for Business Facility New Employee Credit, Enhanced Rural Enterprise Zone New Employee Credit, Agricultural Processing New Employee Credit, Enhanced Rural Enterprise Zone Agricultural Processing New Employee Credit, and Column A Column B Employee Health Insurance Credit Credit Available Credit Used 23. Enter the amount from line 22 from Section A above, carryforward and pass-through credit used to offset current tax liability 23 00 24. Monthly average of business facility employees for the current tax year 24 25. Highest total number of business facility employees for any prior 25 tax year (enter zero for first year of operation) 26. Increase in business facility employees, line 24 minus line 25 26 27. Enter line 26 multiplied by $1,100 in Column A. Enter the amount of credit used in Column B 27 00 00 28. Subtract line 27 Column B from line 27 Column A and enter the result on line 28. This is the amount of carryforward available next year. 28 00 29. Number of business facility employees from line 26 that are located in an enhanced rural enterprise zone 29 DR 1366 (08/21/23) COLORADO DEPARTMENT OF REVENUE Tax.Colorado.gov Page 6 of 10 *231366==69999* Name Account Number Section B - C redit Carried Forward and Used for Business Facility New Employee Credit, Enhanced Rural Enterprise Zone New Employee Credit, Agricultural Processing New Employee Credit, Enhanced Rural Enterprise Zone Agricultural Processing New Employee Credit, and Column A Column B Employee Health Insurance Credit (continued) Credit Available Credit Used 30. Enter line 29 multiplied by $2,000 in Column A. Enter the 30 00 00 amount of credit used in Column B 31. Subtract line 30 Column B from line 30 Column A and enter the result on line 31. This is the amount of carryforward available 31 00 next year. 32. Enter the number of business facility employees from line 26 if the business facility adds value through manufacturing or processing agricultural commodities 32 33. Enter line 32 multiplied by $500 in Column A. Enter the amount 33 of credit used in Column B 00 00 34. Subtract line 33 Column B from line 33 Column A and enter the result on line 34. This is the amount of carryforward available next year. 34 00 35. Enter the number of enhanced rural business facility employees from line 29 if the business facility adds value through manufacturing or processing agricultural commodities 35 36. Enter line 35 multiplied by $500 in Column A. Enter the amount 36 of credit used in Column B 00 00 37. Subtract line 36 Column B from line 36 Column A and enter the result on line 37. This is the amount of carryforward available next year. 37 00 38. Enter the number of business facility employees that meet the requirements for the employee health insurance credit 38 39. Enter line 38 multiplied by $1,000 in Column A. Enter the amount of credit used in Column B 39 00 00 40. Subtract line 39 Column B from line 39 Column A and enter the result on line 40. This is the amount of carryforward available next year. 40 00 41. Credit Used: Enter the sum of line 23 Column B, line 27 Column B, line 30 Column B, line 33 Column B, line 36 Column B, and line 39 Column B. 41 00 PART III : Enterprise Zone Contribution Credit Section A - Credit Carried Forward and Used for Enterprise Zone Contribution Credit Enterprise Zone Contribution Credit (for more information, review the “Income Tax Topics: Enterprise Zone Contribution Credit” publication available at Tax.Colorado.gov) Year Credit Generated a). A mount of Carryforward Available b). Amount of Credit Received from a Partnership or S Corporation 20 20 20 20 20 $ $ $ $ $ $ $ $ $ $ $ $ $ $ c). Amount of Credit Used $ $ $ $ d). The sum of rows a. and b., minus row c. (carryforward to the next year) $ $ $ $ Partnership or Partnership or S Corporation S Corporation FEIN Account Number 42. Enter the Grand Total of carryforward and Partnership or S Corporation Grand Total $ credit used (all c rows in this section). $ Total $ DR 1366 (08/21/23) COLORADO DEPARTMENT OF REVENUE Tax.Colorado.gov Page 7 of 10 *231366==79999* Name Account Number Section B - C urrent Year Credit Generated and Used for Enterprise Zone Contribution Credit 43. Enter the amount from line 42 from Section A above, carryforward and pass-through credit used to offset current tax liability 43 Column A Credit Available Column B Credit Used 00 44. Current year cash contributions 44 00 45. Value of current year in-kind contributions 45 00 46. Sum of lines 44 and 45 46 00 47. Enter the smaller of $100,000 or 25% of line 46 47 00 48. Credit limitation for in-kind contributions: 50% of line 47 48 49. Allowable credit for in-kind contributions: the smaller of line 48 or 25% of line 45 49 00 50. Credit limitation for cash contributions: line 47 minus line 49 50 51. Allowable credit for cash contributions: the smaller of line 50 or 25% of line 44 51 52. Enter the sum of lines 49 and 51 in Column A. Enter the amount of credit used in Column B 52 53. Subtract line 52 Column B from line 52 Column A and enter the result on line 53. This is the amount of carryforward available next year. 53 00 00 00 00 00 00 54. Credit Used: Enter the sum of line 43 and line 52 Column B 54 PART IV : Vacant Commercial Building Rehabilitation Credit Section A - Credit Carried Forward and Used for Vacant Commercial Building Rehabilitation The Vacant Commercial Building Rehabilitation carryforward is available for 5 years. Year Credit Generated a). A mount of Carryforward Available b). Amount of Credit Received from a Partnership or S Corporation 00 20 20 20 20 20 $ $ $ $ $ $ $ $ $ $ $ $ $ $ c). Amount of Credit Used $ $ $ $ d). The sum of rows a. and b., minus row c. (carryforward to the next year) $ $ $ $ Partnership or Partnership or S Corporation S Corporation FEIN Account Number 55. Enter the Grand Total of carryforward and Partnership or S Corporation Grand Total $ credit used (all c rows in this section). Carry this total to line 56. $ Total $ DR 1366 (08/21/23) COLORADO DEPARTMENT OF REVENUE Tax.Colorado.gov Page 8 of 10 *231366==89999* Name Account Number Section B - C urrent Year Credit Generated and Used for Vacant Commercial Building Rehabilitation 56. Enter the amount from line 55 from Section A above, carryforward and pass-through credit used to offset current tax liability 56 57. Current year qualified expenditures, if you are claiming credit for more than one commercial structure, submit multiple copies of this page. 57 58. Enter the smaller of $50,000 or 25% of line 57 in Column A. Enter the amount of credit used in Column B 58 59. Subtract line 58 Column B from line 58 Column A and enter the result on line 59. This is the amount of carryforward available next year. 59 Column A Credit Available Column B Credit Used 00 00 00 00 00 60. Credit Used: Enter the sum of line 56 and line 58 Column B 60 PART V: Research and Experimental Activities Credit Section A - Credit Carried Forward and Used for Research and Experimental Activities Research and Experimental Activities carryforward is available until the full credit amount is exhausted. Year Credit Generated a). A mount of Carryforward Available b). Amount of Credit Received from a Partnership or S Corporation 00 20 20 20 20 20 $ $ $ $ $ $ $ $ $ $ $ $ $ $ c). Amount of Credit Used $ $ $ $ d). The sum of rows a. and b., minus row c. (carryforward to the next year) $ $ $ $ Partnership or Partnership or S Corporation S Corporation FEIN Account Number 61. Enter the Grand Total of carryforward and Partnership or S Corporation Grand credit used (all c rows in this section). Carry this total to line 62. Total $ Section B - C urrent Year Credit Generated and Used for Research Column A and Experimental Activities Credit Available 62. Enter the amount from line 61 from Section A above, carryforward and pass-through credit used to offset current tax liability 62 $ Total $ Column B Credit Used 00 63. Current year qualified expenditures 63 00 64. First preceding year expenditures 64 00 65. Second preceding year expenditures 65 00 66. Enter the sum of lines 64 and 65 66 00 67. Enter 50% of line 66 67 00 68. Enter line 63 minus line 67 68 00 69. Allowable amount: 3% of line 68 70. Enter 25% of the amount on line 69 in Column A. Enter the amount of credit used in Column B 69 00 70 00 00 DR 1366 (08/21/23) COLORADO DEPARTMENT OF REVENUE Tax.Colorado.gov Page 9 of 10 *231366==99999* Name Account Number Section B - C urrent Year Credit Generated and Used for Research Column A and Experimental Activities (continued) Credit Available 71. Subtract line 70 Column B from line 70 Column A and enter the result on line 71. This is the amount of carryforward available next year. 71 00 72. Enter 25% of the allowable amount from the applicable 2020 credit schedule in Column A. Enter the amount of credit used in Column B 72 00 73. Subtract line 72 Column B from line 72 Column A and enter the result on line 73. This is the amount of carryforward available next year. 73 00 74. Enter 25% of the allowable amount from the applicable 2021 credit schedule in Column A. Enter the amount of credit used in Column B 74 00 75. Subtract line 74 Column B from line 74 Column A and enter the result on line 75. This is the amount of carryforward available next year. 75 00 76. Enter 25% of the allowable amount from the applicable 2022 credit schedule in Column A. Enter the amount of credit used in Column B 76 00 77. Subtract line 76 Column B from line 76 Column A and enter the result on line 77. This is the amount of carryforward available next year. 77 00 78. Credit Used: Enter the sum of line 62, line 70 Column B, line 72 Column B, line 74 Column B, and line 76 Column B. 78 PART VI : Job Training Investment Tax Credit Section A - Credit Carried Forward and Used for Job Training Investment Job Training Investment Year Credit Generated a). A mount of Carryforward Available b). Amount of Credit Received from a Partnership or S Corporation c). Amount of Credit Used Column B Credit Used 00 00 00 00 20 20 20 20 20 $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ d). The sum of rows a. and b., minus row c. (carryforward to the next year) $ $ $ $ Partnership or Partnership or S Corporation S Corporation FEIN Account Number 79. Enter the Grand Total of carryforward and Partnership or S Corporation Grand credit used (all c rows in this section). Carry this total to line 80. Total $ Total *231366==09999* DR 1366 (08/21/23) COLORADO DEPARTMENT OF REVENUE Tax.Colorado.gov Page 10 of 10 Name Section B - C urrent Year Credit Generated and Used for Job Training Investment Tax Credit 80. Enter the amount from line 79 from Section A above, carryforward and pass-through credit used to offset current tax liability 80 81. Current year investment in a qualified job training program 81 82. Enter 12% of line 81 in Column A. Enter the amount of credit used in Column B 82 83. Subtract line 82 Column B from line 82 Column A and enter the result on line 83. This is the amount of carryforward available next year. 83 Account Number Column A Credit Available Column B Credit Used 00 00 00 00 00 84. Credit Used: Enter the sum of line 80 and line 82 Column B 84 PART VII : Transfer to Income Tax forms 85. Non-refundable credits - Enter the sum of lines 21, 41, 54, 60, 78, and 84 here AND on the 85 line of the applicable form as follows: Form Form Title Line Form Form Title Partnerships and S Corporations DR 0104 Individual Income Tax Return 16 DR 0106CR Credit Form DR 0105 Fiduciary Tax 13 DR 0112 Corporate Income Tax Return 86. Refundable Credits - Enter the amount from line 2 here AND on the line of the applicable form as follows: 86 Form Form Title Line Form Form Title Partnerships and S Corporations DR 0104CR Individual Income Tax Return 8 DR 0106CR Credit Form DR 0105 Fiduciary Tax 23 DR 0112 Corporate Income Tax Return 00 00 Line 13A 20 00 Line 27A 30
DR 1366 2023 Enterprise Zone Credit and Carryforward Schedule
More about the Colorado Form DR 1366 Corporate Income Tax Tax Credit TY 2023
Use this form to calculate enterprise zone credits earned in the current tax year and to report any carryforward amounts from previous years (or any applicable carry back amounts). Total non-refundable credit claimed cannot exceed the statutory limit or current year tax liability. Any taxpayer who claims an enterprise zone credit is statutorily required to file their returns electronically (ยง39-30-111, C.R.S.) and most software products and tax preparers have the ability to meet this requirement.
We last updated the Enterprise Zone Credit and Carryforward Schedule in February 2024, so this is the latest version of Form DR 1366, fully updated for tax year 2023. You can download or print current or past-year PDFs of Form DR 1366 directly from TaxFormFinder. You can print other Colorado tax forms here.
Other Colorado Corporate Income Tax Forms:
TaxFormFinder has an additional 64 Colorado income tax forms that you may need, plus all federal income tax forms.
| Form Code | Form Name |
|---|---|
| Form DR 0074 | Enterprise Zone Pre-Certification for Business |
| 112 Booklet | C-Corporation Income Tax Return Booklet |
| Form DR 5714 | Request for Copy of Form Filed |
| Form 106 | Partnership / S-Corporation Pass-Through Entities Tax Booklet |
| Form DR 0617 | Innovative Motor Vehicle Credit |
View all 65 Colorado Income Tax Forms
Form Sources:
Colorado usually releases forms for the current tax year between January and April. We last updated Colorado Form DR 1366 from the Department of Revenue in February 2024.
Form DR 1366 is a Colorado Corporate Income Tax form. States often have dozens of even hundreds of various tax credits, which, unlike deductions, provide a dollar-for-dollar reduction of tax liability. Some common tax credits apply to many taxpayers, while others only apply to extremely specific situations. In most cases, you will have to provide evidence to show that you are eligible for the tax credit, and calculate the amount of the credit to which you are entitled.
About the Corporate Income Tax
The IRS and most states require corporations to file an income tax return, with the exact filing requirements depending on the type of company.
Sole proprietorships or disregarded entities like LLCs are filed on Schedule C (or the state equivalent) of the owner's personal income tax return, flow-through entities like S Corporations or Partnerships are generally required to file an informational return equivilent to the IRS Form 1120S or Form 1065, and full corporations must file the equivalent of federal Form 1120 (and, unlike flow-through corporations, are often subject to a corporate tax liability).
Additional forms are available for a wide variety of specific entities and transactions including fiduciaries, nonprofits, and companies involved in other specific types of business.
Historical Past-Year Versions of Colorado Form DR 1366
We have a total of ten past-year versions of Form DR 1366 in the TaxFormFinder archives, including for the previous tax year. Download past year versions of this tax form as PDFs here:
2023 Form DR 1366
DR 1366 2023 Enterprise Zone Credit and Carryforward Schedule
2022 Form DR 1366
DR 1366 2022 Enterprise Zone Credit and Carryforward Schedule
2021 Form DR 1366
2021 Enterprise Zone Credit and Carryforward Schedule DR 1366
2014 Form DR 1366
DR 1366
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