Tax Credits - Colorado

http://www.coloradofilm.org/locationcolorado-filmincentives.htm
The Colorado Legislature passed the state's first ever film incentive in 2006. These film incentives offer filmmakers who qualify for the program a cash rebate instead of a tax credit.
The Colorado Film Incentive program rebates 10% of the below the line cost of producing a film, documentary or television program when that project is produced and filmed in Colorado; the production company spends 75% of it's below the line budget with Colorado businesses; and hires 75% of their crew locally.

Remember to exclude the tax credit from your film budget.
Check QuickFilmBudget.com for a sample film budget.