Colorado’s Historic Preservation Tax Credits

The Colorado Job Creation and Main Street Revitalization Act

In 2014, the state of Colorado enacted the Colorado Job Creation and Main Street Revitalization Act, bringing an enhanced state historic preservation tax credit to all Colorado communities.  The program has been overwhelmingly successful since its launch in July 2015. Since that time, tax credit recipients have used this credit to kick-start 37-commercial projects across the state totaling more than $121 million, while residential tax credit projects have allowed homeowners to repair and maintain their historic residences.

This beneficial legislation is set to expire December 31, 2019 and Colorado Preservation, Inc. in partnership with other preservation organizations throughout the state, is spearheading efforts to reauthorize the tax credit during the 2018 legislative session.  Your support will be critical in ensuring reauthorization of the credit.  Please consider donating to Colorado Preservation, Inc. for this effort.

Why the Tax Credit is Important

Main Street

The credit is aimed at spurring investment in communities throughout the state with a specific emphasis on rural communities.  The program has been overwhelmingly successful since its launch, the projects represent a geographic diversity that includes the communities of Silverton, New Castle, Trinidad, Telluride, Steamboat Springs, and several across the Front Range metropolitan area.

Tax Credit Projects - as of Aug 7, 2017

Communities with current tax credit projects (as of August 2017)

Tax credit projects will yield more than $9.5 million in direct sales tax for the state and project applicants estimate that 661 new full-time jobs will be created as a result of the economic development generated by these projects.  Counting all full and part-time jobs, project applicants estimate they will increase payroll by $31 million once their projects are completed.

In addition to these benefits, the tax credit has provided the ideal opportunity to incentivize a revitalization of Main Streets throughout the state.

The net gain for property owners is a rise in property values of more than $194 million and a gain in income by at least $19 million.

Please click here if you are interested in learning more about the success of the Colorado Job Creation and Main Street Revitalization Act.

We Need Your Support!

Capitol

Colorado Preservation, Inc., and co-sponsor Downtown Colorado, Inc. worked with Historic Denver, Inc., and preservation and economic development groups throughout the state to pass the state’s existing tax credit for historic properties in 2014 working with the Capstone Group and Politicalworks.  Both firms are known for their strong relationships with the Governor’s Office, legislative leadership, and legislators on both sides of the aisle.  Your support will be critical in ensuring reauthorization of the credit.

  • Contact your Legislator! Let your state legislators know that these tax credits are a key component in maintaining the vitality of your local community.
  • Donate! Consider donating to Colorado Preservation, Inc. for this effort.  Please make sure to note the donation is to support Tax Credit Reauthorization.
  • Apply!  Do you know of a project that may qualify for the tax credit?  Review the requirements here and contact Joseph Saldibar to learn more about applying to the program.
  • Attend the Saving Places Conference!  Mark your calendars for January 31-February 3, 2018 at the Denver Convention Center.  Sessions, presenters, and information on the tax credits will be available.  The conference draws over 700 attendees from across the state and beyond – expect high-quality sessions and workshops on preservation themes, network with professionals to discuss your project.

Find Out More

Donate to CPI

We hope you will extend your appreciation for Colorado's past into an investment in its future by making a tax-deductible gift today.

Featured Project

4 Bar 4 Ranch

Homesteaded in 1895 by Dick McQueary to provide a stop for the Georgetown Stage Line, the 320-acre 4 Bar 4 Ranch has strong ties to Grand County and Colorado's heritage. The Georgetown Stage Line traveled on the road through the 4 Bar 4 Ranch from Idaho Springs to Hot Sulphur Springs over Berthoud Pass. In 1895 a roadhouse and stage stop were constructed on the ranch. The hotel and barn were constructed using trees from the Ranch property, and the hotel remained open for travelers coming over Berthoud Pass by horseback and wagon until 1913. With the coming of the automobile, the roadway over Berthoud Pass and through the 4 Bar 4 Ranch was considered an integral part of the Trans-Continental “Midland Trail” highway. Following the closing of the stage line, the ranch continued to host travelers until 1912 or 1913 when it was purchased and converted into a Ford Motor Company . Ford vehicles were sold here until 1917, when Harry Larkin purchased the ranch site. Today emergency efforts are underway to ensure it survives through the winter. Donations are in need. To learn more, contact Jennifer Orrigo Charles at jorrigocharlges@coloradopreservation.org.

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