The general assembly finds, determines, and declares that: Colorado’s conservation easement program is an important preservation tool used to balance economic needs with natural resources such as land and water preservation. Colorado’s conservation easement tax credit and the federal tax deduction have allowed many farmers and ranchers the opportunity to donate their development rights to […]
There is hereby created within the department the division of conservation, referred to in this article 15 as the “division”. The executive director is authorized by this section to employ, subject to the provisions of the state personnel system laws of the state, a director of the division, who in turn shall employ such deputies, […]
There is hereby created in the division a conservation easement oversight commission, referred to in this article 15 as the “commission”. The commission shall exercise its powers and perform its duties and functions under the division as if transferred thereto by a type 2 transfer, as defined in the “Administrative Organization Act of 1968”, article […]
The division shall, in consultation with the commission created in section 12-15-103, establish and administer a certification program for qualified organizations under section 170 (h) of the federal “Internal Revenue Code of 1986”, as amended, that hold conservation easements for which a tax credit is claimed pursuant to section 39-22-522. The purposes of the program […]
The division shall receive tax credit certificate applications from and issue certificates to landowners for income tax credits for conservation easements donated on or after January 1, 2011, in accordance with section 39-22-522 (2.5) and this article 15. Nothing in this section restricts or limits the authority of the division to enforce this article 15. […]
For purposes of this section: “Application” means an application for a tax credit certificate submitted pursuant to section 12-15-105 or this section. “Conservation purpose” means conservation purpose as defined in section 170 (h) of the federal “Internal Revenue Code of 1986”, as amended, and any federal regulations promulgated in connection with that section. “Credibility” means […]
There is hereby created in the state treasury the conservation cash fund, which consists of any money transferred pursuant to sections 12-15-104 and 12-15-106 and any gifts, grants, and donations provided to carry out the purposes of this article 15. All money in the fund shall be used as provided in this article 15. Interest […]
