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November 4, 2022

Qualified Enterprise Zone Tax Credit

Support IEC Rocky Mountain and get a 25% tax credit!

Did you know the State of Colorado allows you to take a 25% tax credit on your state income taxes when you donate to IEC because of their designation as an Enterprise Zone?

The Enterprise Zone Program encourages job creation and capital investment in economically depressed areas by providing tax credits to businesses and projects that promote and encourage economic development activities in those areas. To see how a donation to IEC can benefit you from a tax standpoint, please see the example below.

Example based on a deduction of a $1,000 donation: If you were in the 28% tax bracket for federal income tax purposes, this donation would decrease your federal tax liability by $280 plus a reduction of Colorado tax liability in the amount of $46. The donation would also qualify for the 25% Enterprise Zone Credit. In this example, this credit would be $250 and would be available to offset the Colorado income tax liability. The total federal and state tax savings generated by your $1,000 donation would be $576.

The Enterprise Zone Credit is non-refundable but any excess credit can be carried forward for five years.

If you have any questions about the IECRM Enterprise Zone Tax Credits, please contact Pete Aden, CPA with Wipfli LLP [email protected]  303.759.0089 or Kori Hemans, IECRM CFO [email protected] 303.853.4886.

IECRM Self-Pay Tuition Policy

 

Self-pay students who are employed with a member company must register and pay through the member company using the IECRM Flashpoint Enrollment Portal/Process in order to qualify for member rates.

Self-pay students that are employed with a member company but that do not register and pay through the member will be charged the non-member rate for tuition, books and applicable fees.


Self-pay students who are employed with a member company and require a payment plan will not qualify for the member rate and will be charged the non-member rate for tuition, books and applicable fees.


Self-pay students who do not work for a member company will continue to be charged the non-member rate for tuition, books and applicable fees.


To maximize association/membership benefits, ALL member companies are encouraged to register and pay for all enrolled apprentices utilizing internal payment arrangements and processes between employer and employee.


We value our IECRM members and apprentice community. We encourage all apprentices to be enrolled in the four-year apprenticeship program, earning, and learning their way toward Journeyworker licensure. We encourage all members to utilize the member discount for tuition, books and applicable fees to ensure the long-term support and success of the next-generation electrician.


(Payment Plans are available, please reference the Self Pay Payment Plan Policy.)


Self-Pay Payment Plan Policy


We offer the following arrangements for students that are unable to pay in full at the time of registration.


● Self-pay students will be charged the non-member rate.
● A 50% down payment of total semester tuition, books and applicable fees are due at registration.
● Remaining balance can be divided up to 3 additional monthly payments ($10.00 processing fee applies on each installment)
● All payments that are declined will incur a $20.00 NSF fee.

 

We encourage all students who are employed with a member company to work with their employer to register and pay through the IECRM Flashpoint Enrollment Portal/Process. This will ensure the student is paying the lowest possible rate for tuition, books and applicable fees.