Keep it Colorado Policy Feedback
Changing the Current Tax Credit Formula: The current tax credit formula allows landowners to receive credits in the amount of 75% of the first $100,000 of conservation easement value and 50% of any remaining value up to a credit of no more than $1.5M. KIC intends to lobby for an adjustment to the formula that would allow landowners to receive credits in the amount of up to 90% (exact percentage depends on what is politically feasible) of conservation easement value up to a credit of no more than $1.5M. We believe that this will help incentivize additional conservation across Colorado but particularly in areas that have traditionally had valuation challenges
Do you foresee any unintended consequences of adjusting the tax credit formula in this manner?
If you answered with a yes or a maybe, please describe the unintended consequences you foresee occurring.
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