Why incorporate in Colorado?
Business Information & Rankings
- Colorado ranked 2nd on the State Science & Technology Index. (Milken Institute, 2004)
- Colorado ranked 8th on the State Business Tax Climate Index. (Tax Foundation, 2004)
- Colorado ranked 4th on the Most Preferred State to Live In. (Harris Poll, 2004)
- Government Technology magazine ranked six Colorado cities in the top 10 among Digital Cities.
Cost of Living Index
For Denver, CO (2005): | Index Score |
---|---|
Composite: | 103.0 |
Housing: | 105.2 |
Utilities: | 96.9 |
Misc. Goods & Services: | 100.8 |
Crime Rate
Colorado is ranked 30th in crime. (FBI, 2004)
Fees & Taxes
Business Inventory Tax
Colorado does not tax business inventory.
Corporate Income Tax
Rate: 4.63%.
Qualified taxpayers may pay an alternative tax of 0.5% of gross receipts from sales in or into Colorado.
Personal Income Tax
A flat rate of 4.63% of federally adjusted taxable income is levied.
Personal Property Tax
Industrial and commercial property is assessed for property tax purposes at 29% of market value.
State Sales and Use Tax
Base Rate: 2.9 %
Machinery Rate: None
Exemptions provided for purchases of machinery or machine tools in excess of $500 to be used directly in manufacturing tangible personal property.
Unemployment Insurance
Colorado charges new employers 3.12% for 2 years.