Colorado § 12-15-105 Conservation easement tax credit certificates - rules

Colorado Statutes

§ 12-15-105 — Conservation easement tax credit certificates - rules

Colorado·Title 12 Professions·Art. Division of Conservation

(1)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. The division may promulgate rules in accordance with article 4 of title 24 for the issuance of the certificates. In promulgating rules, the division may include provisions governing:

(a)The review of the tax credit certificate application pursuant to this article 15;

(b)The administration and financing of the certification process;

(c)The notification to the public regarding the aggregate amount of tax credit certificat

Free access — add to your briefcase to read the full text and ask questions with AI

(1) 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. The division may promulgate rules in accordance with article 4 of title 24
for the issuance of the certificates. In promulgating rules, the division may include
provisions governing:

(a) The review of the tax credit certificate application pursuant to this article
15;

(b) The administration and financing of the certification process;

(c) The notification to the public regarding the aggregate amount of tax
credit certificates that have been issued pursuant to section 39-25-522 (2.5);

(d) The notification to the landowner, the entity to which the easement was
granted, and the department of revenue regarding the tax credit certificates
issued; and

(e) Any other matters related to administering section 39-22-522 (2.5) or this
article 15.

(2) The division shall apply the amount claimed in a completed tax credit
certificate application against the annual tax credit limit in the order that
completed applications are received. The division shall apply claimed tax credit
amounts that exceed the annual limit in any year against the limit for the next
available year and issue tax credit certificates for use in the year in which the
amount was applied to the annual limit.

(3) The division shall not issue tax credit certificates that in aggregate
exceed the limit set forth in section 39-22-522 (2.5) during a particular calendar
year. The division may issue multiple tax credit certificates for a single conservation
easement as required by section 39-22-522.

Colorado § 12-15-105 (Conservation easement tax credit certificates - rules) — published by Counsel Stack Legal Research, free access to 12M+ legal documents.

Legislative History

Source: L. 2019: Entire title R&RE with relocations, (HB 19-1172), ch. 136, p. 722, � 1, effective October 1. L. 2024: (1)(c) and (3) amended, (SB 24-126), ch. 211, p. 1290, � 4, effective August 7.