The Colorado House has approved a bill that would extend
enterprise zone tax credits to rolling stock.
Sponsored by Rep. Buffie McFadyen, D-Pueblo West, the
measure would make new trucks and trailer purchases eligible for the state’s 3
percent enterprise zone investment tax credit program.
Existing Colorado law limits the tax credit to purchases of
equipment used “solely” or “exclusively” within an enterprise zone for at least
one year. The mobile use of trucks and trailers disqualifies them from the tax
The bill would clarify that all new equipment purchases,
including truck tractors weighing more than 16,000 pounds and trailers, qualify
for the 3 percent investment tax credit.
The credits would be phased in by 1 percent a year during
the next three years. Once fully implemented, the credit would match the
investment tax credit offered other forms of enterprise zone equipment.
HB1091 has been sent to the Senate for further