What is it?

New for tax years 2023 and 2024, the State of Colorado will provide a refundable tax credit of 50% for employer expenses related to providing alternative transportation options to employees.

Why?

The tax credit’s purposes are to increase the use of alternative transportation, reduce traffic congestion and improve the state’s air quality.

What qualifies?

Expenses related to programs or infrastructure to support anything other than driving alone.

including:

Transit

BIKING

SHUTTLES

Carpool

Vanpool

Administrative expenses

What's in it for you?

In addition to being good for our environment, it’s also good for your business:

  • Attract and retain the best employees. Surveys show people want to work for employers that support commute options!
  • Expand your corporate social responsibility program and demonstrate your business is both sustainable and innovative.
  • Enhance your employee benefit offerings, and receive a tax credit for doing so!

Learn more about Colorado Clean Commute:
https://waytogo.org/colorado-clean-commute

Resources

More Information from the Department of Revenue- HB22-1026 Implementation & EngagementAlternative Transportation Options Tax Credit - Colorado Department of RevenueGuidance Document from the Colorado Department of RevenueAlternative Transportation Options Credit Reporting Template
FAQ CLICK HERE TO LEARN MORE
Tax Credit Example: RTD EcoPass

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