What is the Rural Technology Enterprise Zone Credit Carryforward?

If you made a qualified capital investment in technology infrastructure in Rural Technology Enterprise Zones for income tax years ending on or after March 30, 2001 and beginning prior to January 1, 2005, you could have claimed an income tax credit of 10% of the total investment made during that year.

If you were not able to fully utilize the credit in the year incurred, you were allowed to carry forward the unused portion for up to ten years. This credit is no longer available to claim now, but you may claim a credit on the portion of unused carryforward from the credit you claimed during the time period in which it was allowed.

See Colorado Income Tax FYI Publication Income 36 for details on this credit.

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