What is HCTC?
The Colorado Homeless Contribution Income Tax Credit provides a state income tax credit to Colorado taxpayers who contribute to eligible homelessness-related projects within Colorado. Created by Colorado House Bill 2022 - 1083 (HB22-1083), HCTC replaces the Enterprise Zone Tax Credit previously available for donations to approved homeless support organizations. This is a new tax credit that began January 1st, 2023.
The Capuchin Province of Mid-America is a participating Homeless Contribution Tax Credit (HCTC) organization! The Colorado Homeless Contribution Income Tax Credit provides a state income tax credit to Colorado taxpayers who contribute to eligible homelessness-related projects within Colorado. The information below provides details about the Capuchin Province of Mid-America’s participation in this program and how it can benefit you!
- The Capuchin Food Truck Ministry and donations given to that project
qualify for HCTC.- This credit is optional for all donors. You can opt into receiving the tax credit by putting HCTC in the memo line of a check or writing it in the comments when sending an online contribution.
- Monetary gifts of $100 or more or in-kind gifts of over $5,000 are eligible.
- An income tax credit of 25% will be given to qualifying donations.
- A donor’s full Social Security Number must be provided in order for a tax credit certificate to be issued.
- The Social Security Number and other personal information is used by the Department of Revenue to verify identity.
- The Colorado Statute establishing HCTC and this requirement can be found here: House Bill 22-1083.
- Tax credit certificates will be issued on an annual basis.
- Certificates will be distributed via secure email. If a donor does not have an email or prefers not to use the email feature, the certificates will be sent via postal mail.
If you have any questions regarding HCTC, please contact Debbie Scott or at 303.204.1440.
For more information about the new HCTC program, visit https://cdola.colorado.gov/hct...., or review the documents below:
HCTC Taxpayer Handbook
HCTC Formatting and Style Guide
HCTC Taxpayer Sales Force User Guide
