Enterprise Zone

As a project of the Downtown Development Authority, Beet Street is an eligible organization for Enterprise Zone tax credits, in addition to the standard federal tax deduction received by donating to a 501(c)3 non-profit organization. If you are a cash sponsor of a Beet Street event you may be eligible for a 25% Colorado State tax credit.

How it works

You are eligible for a 25% tax credit for contributions up to $100,000 per calendar year as long as the sponsorship level does not include tickets or any other direct benefit to you or your organization. The monetary value of any tickets or products received with a sponsorship will be deducted from your cash contribution in order to calculate your tax credit amount. For example:

$35,000 title sponsorship

• Sponsorship includes no direct benefits (no tickets are included)
• Full $35,000 eligible for the 25% tax credit

$8,750 Colorado State Tax Credit

$35,000 title sponsorship

• Sponsorship includes 16 tickets valued at $680
• $34,320 is eligible for the 25% credit

$8,580 Colorado State Tax Credit

Enterprise Zone tax credits are in addition to the standard federal tax deduction received by donating to a 501(c)3 non-profit organization. You can learn more about Fort Collins Enterprise Zone tax credits at http://www.larimerworkforce.org or at http://www.taxcolorado.com.

Please consult your tax professional for specific details about Enterprise Zone tax credits, federal tax deductions, and your tax situation.