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CO
Colorado Employee Ownership Tax Credit
State tax credits that offset professional costs for businesses converting to employee ownership.
About this program
The Colorado Employee Ownership Tax Credit helps qualifying businesses cover eligible professional services costs associated with converting to employee ownership structures such as ESOPs, worker cooperatives, or employee ownership trusts.
Eligibility
Colorado businesses pursuing eligible employee ownership conversion structures and receiving approval through OEDIT before claiming credits.
Requirements
- Apply to OEDIT before or during the eligible conversion process
- Provide business information, ownership transition plan, professional service costs, and conversion documentation
- Complete approved conversion steps and claim credit according to state tax requirements