DR 0990: Colorado Exempt Entity Income Tax Credit Return (2024)

Who files this form

You must file DR 0990 if all three conditions apply:

• You are a Colorado governmental entity, a tribal government, or an organization granted tax-exempt status by the IRS.
• You have no unrelated business taxable income from Colorado sources or business activity in Colorado.
• You are claiming a refundable or transferable Colorado tax credit available to your type of entity.

If you file federal Form 990-T to report unrelated business taxable income from Colorado sources or business activity in Colorado, file DR 0112 instead.

If you transferred income tax credits for this tax year, the form also requires you to file this return and submit the applicable transfer forms.

When it's due

For tax year 2024, the form gives these deadlines:

• File and pay: The fifteenth day of the fourth month after the taxable year closes, which is April 15 for calendar-year filers.
• Filing extension: An automatic six-month extension, until October 15 for calendar-year filers.

The extension is for filing only. There is no extension to pay.

If the due date or extension date falls on a weekend or legal holiday, filing or payment is due the next business day.

What you'll need

Have your entity’s legal name, trade name if applicable, 8-digit Colorado Account Number, FEIN, mailing address, phone number, and tax-exemption information ready. Include fiscal-year beginning and ending dates if you do not use a calendar year.

Gather the records that apply to your credits:

• Credit from a partnership or S corporation: Obtain DR 0106K and submit a copy with your return.
• Gross Conservation Easement Credit: Submit DR 1305G.
• Innovative Motor Vehicle and Innovative Truck Credit: For each vehicle or truck, submit a completed DR 0617, a purchase invoice or lease agreement, and proof of permanent Colorado registration.
• Business Personal Property Credit: Submit a copy of the assessor’s statement.
• Alternative Transportation Options Credit: File the annual employer plan report, DR 1323, before earning the credit. Do not submit it with this return.
• Heat Pump Tax Credit for Registered Contractors: Use DR 1322 line 7, but do not submit DR 1322 with this return.
• Certified Greenhouse Gas Avoidance Credits: Submit the Colorado Energy Office certificate.
• Food Accessibility Credit: Submit the Department of Agriculture certificate.
• Transferred credits: Submit DR 0348T for the Remediation of Contaminated Land Credit, or DR 1305 and DR 1305E for the Gross Conservation Easement Credit.

For direct deposit, have your bank routing number, account number, and account type ready.

How to file

Complete the entity and tax-exemption information, enter the applicable credits, and total lines 1 through 7 on line 8. Enter any prior-year credit recapture on line 9, then calculate the amount due or refund. Have an authorized person sign the return.

You may file by mail, electronically using private e-file software, or with a paid tax preparer. The form says electronic filing significantly reduces the chance of errors.

Mailing addresses

With a check or money order, send all three required pages to:

Colorado Department of Revenue

Denver, CO 80261-0006

Without a check or money order, send all three required pages to:

Colorado Department of Revenue

Denver, CO 80261-0005

A street address is not required because these ZIP codes are used only by the Department of Revenue.

Payments and attachments

• If you file electronically but pay by mail, use DR 0900C.
• If you mail your return, you can still pay electronically at Colorado.gov/RevenueOnline.
• Submit all required supporting forms, schedules, and documentation. For electronic filing, submit them with the return, as an E-Filer Attachment through Revenue Online, or with DR 1778.

Common mistakes

• Using the filing extension to delay payment: No payment extension is available.
• Claiming an assigned vehicle credit: You cannot claim the credit if you assigned it to a financing entity or motor vehicle dealer.
• Including real estate in the Business Personal Property Credit: Real property is not eligible.
• Omitting supporting documents: Submit the forms, schedules, and documentation required for each credit.
• Attaching DR 1323 or DR 1322: The instructions specifically say not to submit these forms with the return.
• Leaving unchanged information out of an amended return: Complete every field and resubmit all schedules and supporting documents, even if unchanged.
• Using incorrect direct-deposit details: Check the information with your financial institution and confirm that it will accept the deposit.

Questions people ask

How do I correct a return I already filed?

Complete a new DR 0990 and mark the “Amended Return” box. Enter all fields and submit all schedules and supporting documents, even if they have not changed.

Can I claim a credit received from a partnership or S corporation?

Obtain DR 0106K from the partnership or S corporation, enter the credit on your return, and submit a copy. The partnership or S corporation must also file DR 0106K with its return. The Department will review that return to verify your claim.

How will I receive my refund?

If you have a refund on line 11, you may authorize direct deposit into your bank account. Otherwise, a refund check will be mailed to the address on your return.

Who must sign the return?

For a Colorado governmental entity or tribal government, the treasurer or chief accounting officer must sign. For a corporation, the president, vice president, treasurer, chief accounting officer, or another duly authorized officer must sign. If a receiver, trustee in bankruptcy, or assignee is operating the corporation’s property or business, that person must make the return for the corporation.

Official sources

• https://tax.colorado.gov/sites/tax/files/documents/DR_0990_2024.pdf