Enlarge image | DR 0113 (11/07/22) COLORADO DEPARTMENT OF REVENUE Tax.Colorado.gov *DO=NOT=SEND* Rural Jump-Start Zone Credit Schedule Instructions Use this schedule to calculate and claim a Rural Jump- * For sole proprietorships of Colorado nonresident Start Zone Credit. Round dollar amounts to the nearest individuals, new business income included in line 15 of whole dollar. Calculate percentages to the fourth decimal DR 0104PN place. Round to four significant digits, e.g. xxx.xxxx C corporations complete section C to calculate the amount Complete Section A to determine your apportionment of new business income credit allowed. Transfer the amount factor for the new business credit. This apportionment on line 10 of the DR 0113 to line 24 of the DR 0112CR. factor applies if you conduct business both inside and Complete section D if you are an individual with eligible outside of the Rural Jump-Start Zone boundaries. If new hire wages and/or new business income. 100% of your business property and payroll are within Rural Jump-Start Zone boundaries, you may skip the ** To complete line 12, if the individual is a partner worksheet, enter “100%” on line 1 and line 2 of the DR or shareholder, include on line 12 only the partner 0113 form, and continue to complete the form. or shareholder’s share of the rural jump-start new business income calculated by the partnership or S Complete Section B to calculate your Rural Jump- corporation. Start Zone new business income using the income apportioned to Colorado and the property and payroll *** To complete line 14 for resident individuals, federal factor for the new business credit. To complete line 5, the adjusted gross income plus the sum of lines 3 through business income that is apportioned to Colorado can be 6 of Form 104 (not including any charitable contribution found on your return in the following locations: addback) minus all subtractions on Form DR 0104AD, * For C corporations, line 12 of DR 0112RF except qualifying charitable contributions on Line 11. * For S corporations and partnerships, line 11 of To complete line 14 for nonresident individuals, line 33 of DR 0106 Part IV Form DR 0104PN. * For sole proprietorships of Colorado resident Transfer the amount on line 17 of the DR 0113 to line 42 individuals, net profit or loss from line 31 of Federal of the DR 0104CR. Schedule C To claim the credit you must include a copy of the credit certificate you received with your return. Use this worksheet to compute your property and payroll factors within the rural jump-start zone. 1. Computation of the property factor: (1) Within the zone (2) Total (Beginning) (Ending) (Beginning) (Ending) (a) Inventories ................................ (b) Land ......................................... (c) Buildings and Equipment .......... (d) Other property (explain) ........... (e) Total (a) through (d) .................. ( f ) Average .................................................. (g) Leased Property (attach schedule) ........ .......................... (h) Total (f) and (g) ....................................... .......................... ( i ) Percentage 1(1)(h) to 1(2)(h). Transfer this percentage to line 1 of the DR 0113 form ........................ 1 % 2. Computation of the payroll factor: (a) Compensation paid during the taxable year within the zone (b) Total compensation paid during the taxable year (c) Percentage 2(a) to 2(b). Transfer this percentage to line 2 of the DR 0113 form ...................... 2 % |
Enlarge image | DR 0113 (11/07/22) COLORADO DEPARTMENT OF REVENUE Tax.Colorado.gov *220113==19999* Page 1 of 1 Rural Jump-Start Zone Credit Schedule Last Name or Business Name First Name Middle Initial SSN or ITIN FEIN Mailing Address City State ZIP Section A – Apportionment factor calculation for new business credit 1. Enter the property factor as a percentage. Use the worksheet in the instructions to calculate the property factor. 1 % 2. Enter the payroll factor as a percentage. Use the worksheet in the instructions to calculate the payroll factor. 2 % 3. Line 1 plus line 2 3 % 4. Average factor, line 3 divided by the number 2 4 % Section B – New business income apportionment 5. Business income apportioned to Colorado* 5 00 6. Rural jump-start new business income, line 4 times line 5 6 00 Section C – New business credit calculation for C corporations 7. Colorado taxable income, line 17 of Form DR 0112 7 00 8. Line 6 divided by line 7 8 % 9. Colorado tax, line 18 of Form DR 0112 9 00 10. New business credit, line 8 times line 9 10 00 Section D – New business and new hire credit calculation for individuals 11. New hire wages paid by the new business for work performed in the rural jump-start zone 11 00 12. Rural jump-start new business income, line 6** 12 00 13. Total, line 11 plus line 12 13 00 14. Modified Colorado adjusted gross income*** 14 00 15. Line 13 divided by line 14 15 % 16. Colorado tax plus AMT, sum of lines 10 and 11 on Form 104 16 00 17. Credit, line 15 times line 16 17 00 |