The State of Colorado Wants To Help Pay For Your Wedding
For most engaged couples, it's not cheap to get married, but the state of Colorado wants to help defray some of that expense.
The Meeting and Events Incentive
The state has introduced a new program called the Meeting and Events Incentive which provides a 10% cash rebate to people hosting meetings and events in Colorado over the next 18 months. Eligible events include business meetings, conferences, conventions, exhibitions, trade shows, consumer shows, festivals, concerts -- and weddings. The rebates can range from $3500 to $100,000.
The purpose of the program is to "increase tourism industry recovery" in the state and to provide incentives to event planners to hold their events in Colorado rather than a neighboring state. In case you're wondering, the money to fund this program is coming from 2019 county lodging tax revenue and a specific amount has been allotted for each county.
What Costs Are Eligible For Reimbursement?
To be eligible for a cash rebate, the total hard costs of the event or meeting need to be at least $35,000. Eligible hard costs include entertainment, event space or venue rental, event rentals such as tables and chairs, food and beverage, excluding alcohol, and audiovisual support like microphones, screens, internet access, and other specialized AV equipment.
How To Apply For the Rebate
Applications need to be submitted online at least 45 days before the event unless it's happening before September 2021. For events happening between July 2 and September 15, applications can be submitted no later than 21 days following the event.
The Bottom Line
If you aren't going to spend at least $35,000 on your wedding or special event, don't even bother applying. But, if you can show the minimum threshold of $35,000 in qualifying hard costs, your cash rebate would be $3,500.
Getting married can be costly - and so can marriage itself. But, if you can save a few thousand dollars on the cost of your wedding, it will be a great way to start your new life. With this new rebate program, you might be able to use that cash rebate to help fund your honeymoon - or make a downpayment on your new house.