Brownstein Hyatt Farber Schreck LLP
In recent years, Colorado has developed and implemented one of the most comprehensive conservation easement (CE) income tax credit programs in the country, reflecting a state policy of incentivizing preservation of lands with environmental, educational, historic, recreational and agricultural significance and value. House Bill 21-1233 (House Bill 1233), which was signed into law by Gov. Jared Polis on June 30, 2021, furthers the state’s conservation goals by clarifying some existing provisions in the statutes governing conservation easements and offering new opportunities to taxpayers who are considering entering into conservation easements within the state. House Bill 1233 is generally applicable to conservation easements donated on or after Jan. 1, 2021.