SB-206 Signed Into Law: Greater Incentives for Conservation in Colorado
This morning, Governor Hickenlooper signed Colorado Senate Bill 15-206 into law, providing greater financial return to landowners who wish to protect their land and water with a conservation easement.
Effective January 1, 2015, the bill increases the amount of the individual conservation easement tax credit in Colorado to 75% of the first $100,000 of the fair market value of the easement, and 50% of the fair market value above that amount. The cap is increased to $1.5 million.
THANK YOU to Sen. Roberts, Sen. Hodge, Rep. Garnett, and Rep. Keyser for sponsoring this bill. Another big thanks to CCLT lobbyist Benjamin Waters, CCLT public policy committee, and policy contractor Brandon Rattiner – your tireless efforts made the difference! SB-206 improves this conservation incentive and supports landowners in their decision to place conservation easements on their land.
