Habitat for Humanity of Montezuma County was approved as an Enterprise Zone Contribution Project by the Colorado Economic Development Commission (EDC) on October 10 , 2013. This designation allows all donor contributions of $250 or more to be eligible for a 25% state tax credit on cash donations, and a 12.5% state tax credit on in-kind donations. In other words, when you write a check for $250 to HFHMC you can receive $62.50 off on your Colorado taxes. When you donate an item to our Sales Center worth at least $250 Fair Market Value, you can deduct $31.25 from your state taxes. This is in addition to the donation on your federal taxes that depends on itemizing deductions and is calculated differently depending on your total deductions and on your income.
Currently 31 projects are designated in 5 counties of Southwest Colorado. In 1986 the Colorado State Legislature approved the Enterprise Zone Tax Credit program to assist economically distressed areas of the state. Montezuma Country is an Enterprise Zone area, and HFHMC is now a designated project within the Southwest Region.