What You Should Know About The New “Clean Commute” Tax Credit Available to Colorado Businesses

CO Clean Commute We Can Help

About Colorado Clean Commute

A new Colorado tax incentive can help your organization save money, attract and retain the best talent, and also contribute to improved air quality in the Front Range and beyond.

Under HB22-1026, when Colorado businesses invest in alternative commute options for their workforce, they are eligible for a tax refund of up to $250,000 yearly in 2023 and 2024 in certain transportation investments. These include administrative time for facilitating carpool, transit pass purchases, and development of bike infrastructure including employee e-bike fleets and more. The maximum amount of qualifying expenditures in any income tax year for which an employer may claim a credit is $250,000. As a result, the maximum credit an employer may claim for a tax year is $125,000. Additionally, the maximum amount of qualifying expenditures for any one employee is $2,000 per tax year.

Reach Out to Commuting Solutions For Assistance

Commuting Solutions, the transportation advocacy organization representing the northwest metro region’s business community, took a position of support for this bill when it was first proposed in the 2022 Colorado General Assembly. The organization recently partnered with the Denver Regional Council of Governments (DRCOG) Way to Go Program and eight transportation management organizations (TMOs) in the Denver region to help employers become Colorado Clean Commute certified through free consultation services that help businesses qualify for the tax credit.

If your business would like assistance, our team is ready to support you. Contact:

Cathi Wielgus | Programs & Outreach Specialist
cathi@commutingsolutions.org

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Commuting Solutions
CO 119 Membership Meeting

April 24, 2024  | 8:00 – 9:30 a.m.
At Hampton Inn & Suites, Boulder North