HB18-1123
Conservation Easement Tax Credit Time Out
Concerning measures to enforce a reduction in the abuse of conservation easements in the state, and, in connection therewith, placing a temporary moratorium on the ability of a taxpayer to claim a state income tax credit for the donation of an easement.
Session:
2018 Regular Session
Subject:
Bill Summary
Fiscal Policy & Taxes
Current law allows a taxpayer to claim a state income tax credit for a portion of the value of a perpetual conservation easement that is granted by the taxpayer on real property located in the state. The bill places a 3-year moratorium on the ability of a taxpayer to claim the credit from January 1, 2019, through December 31, 2021.
(Note: This summary applies to this bill as introduced.)