HB18-1123

HB18-1123 - Conservation Easement Tax Credit Time Out

Postponed Indefinitely
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.

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.)

 

Latest update: March 15, 2018
03/15/2018 - House Committee on Health, Insurance, & Environment Postpone Indefinitely
01/19/2018 - Introduced In House - Assigned to Health, Insurance, & Environment + Appropriations