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Bill > SB126

CO SB126

CO SB126
Conservation Easement Income Tax Credit

summary

Introduced
02/06/2024
In Committee
05/06/2024
Crossed Over
05/13/2024
Passed
05/13/2024
Dead
Signed/Enacted/Adopted
05/20/2024

Introduced Session

2024 Regular Session

Bill Summary

CONCERNING THE CONSERVATION EASEMENT INCOME TAX CREDIT, AND, IN CONNECTION THEREWITH, EXTENDING THE CONSERVATION EASEMENT OVERSIGHT COMMISSION AND THE CERTIFIED HOLDER PROGRAM INDEFINITELY, INCREASING THE LIMIT ON CONSERVATION EASEMENT INCOME TAX CREDITS AVAILABLE TO DONORS IN ONE CALENDAR YEAR, ALLOWING MULTIPLE TRANSFERS OF CONSERVATION EASEMENT INCOME TAX CREDITS, AND MAKING AN APPROPRIATION.

AI Summary

This bill extends the Conservation Easement Oversight Commission and the Certified Holder Program indefinitely, increases the limit on conservation easement income tax credits available to donors in one calendar year, allows multiple transfers of conservation easement income tax credits, and appropriates funds for the Division of Conservation to implement the act. The bill also makes changes to the conservation easement income tax credit, such as increasing the credit amount for easements donated on or after January 1, 2027, and allowing transferees who are subject to insurance premium taxes to claim the tax credit.

Committee Categories

Agriculture and Natural Resources, Budget and Finance

Sponsors (49)

Ryan Armagost (R)*,  Tony Hartsook (R)*,  Meghan Lukens (D)*,  Mike Lynch (R)*,  Matt Martinez (D)*,  Rod Pelton (R)*,  Dylan Roberts (D)*,  Elizabeth Velasco (D)*,  Perry Will (R)*,  Faith Winter (D)*,  Judy Amabile (D),  Shannon Bird (D),  Andrew Boesenecker (D),  Jeff Bridges (D),  Kyle Brown (D),  Lisa Cutter (D),  Lindsey Daugherty (D),  Monica Duran (D),  Regina English (D),  Steve Fenberg (D),  Rhonda Fields (D),  Bob Gardner (R),  Eliza Hamrick (D),  Chris Hansen (D),  Iman Jodeh (D),  Junie Joseph (D),  Barbara Kirkmeyer (R),  Chris Kolker (D),  Sheila Lieder (D),  William Lindstedt (D),  Larry Liston (R),  Paul Lundeen (R),  Janice Marchman (D),  Julia Marvin (D),  Tisha Mauro (D),  Julie McCluskie (D),  Karen McCormick (D),  Barbara McLachlan (D),  Kevin Priola (D),  Naquetta Ricks (D),  Robert Rodriguez (D),  Jim Smallwood (R),  Marc Snyder (D),  Matt Soper (R),  Tammy Story (D),  Rick Taggart (R),  Ron Weinberg (R),  Mary Young (D),  Rachel Zenzinger (D), 

Last Action

Governor Signed (on 05/20/2024)

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Document Type Source Location
State Bill Page https://leg.colorado.gov/bills/sb24-126
BillText https://leg.colorado.gov/sites/default/files/documents/2024A/bills/2024a_126_enr.pdf
BillText https://leg.colorado.gov/sites/default/files/documents/2024A/bills/2024a_126_rer.pdf
BillText https://leg.colorado.gov/sites/default/files/documents/2024A/bills/2024a_126_rev.pdf
Second Reading Amendment L.019 https://s3-us-west-2.amazonaws.com/leg.colorado.gov/2024A/amendments/53EEF0BF5C915C6287258B09005D0A3E/SB126_L.019.pdf
House Appropriations Amendment L.023 https://s3-us-west-2.amazonaws.com/leg.colorado.gov/2024A/amendments/410B725C923405DA87258B12006BA321/SB126_L.023.pdf
Fiscal Note FN5 https://leg.colorado.gov/sites/default/files/documents/2024A/bills/fn/2024a_sb126_r4.pdf
Fiscal Note/Analysis - Budget Staff Analysis SA2 https://leg.colorado.gov/sites/default/files/documents/2024A/bills/fn/2024a_sb0126_hse.pdf
House Finance Amendment L.022 https://s3-us-west-2.amazonaws.com/leg.colorado.gov/2024A/amendments/7ED24600CC0AD8CF87258B0E0065929A/SB126_L.022.pdf
Fiscal Note FN4 https://leg.colorado.gov/sites/default/files/documents/2024A/bills/fn/2024a_sb126_r3.pdf
House Agriculture, Water & Natural Resources Amendment L.018 https://s3-us-west-2.amazonaws.com/leg.colorado.gov/2024A/amendments/688E633775F199DC87258B07004E926A/SB126_L.018.pdf
House Agriculture, Water & Natural Resources Amendment L.017 https://s3-us-west-2.amazonaws.com/leg.colorado.gov/2024A/amendments/0E1748F22F5CFB0187258B07004E7E60/SB126_L.017.pdf
Fiscal Note FN3 https://leg.colorado.gov/sites/default/files/documents/2024A/bills/fn/2024a_sb126_r2.pdf
BillText https://leg.colorado.gov/sites/default/files/documents/2024A/bills/2024a_126_ren.pdf
BillText https://leg.colorado.gov/sites/default/files/documents/2024A/bills/2024a_126_eng.pdf
Senate Appropriations Amendment J.001 https://s3-us-west-2.amazonaws.com/leg.colorado.gov/2024A/amendments/35A261842638568587258B00007FDBB7/SB126_J.001.pdf
Senate Appropriations Amendment L.014 https://s3-us-west-2.amazonaws.com/leg.colorado.gov/2024A/amendments/45E8F1B15359F8C387258AFD007DD08A/SB126_L.014.pdf
Senate Appropriations Amendment L.013 https://s3-us-west-2.amazonaws.com/leg.colorado.gov/2024A/amendments/9B58765FF7BFF3A787258AFD007DD7E4/SB126_L.013.pdf
Fiscal Note/Analysis - Budget Staff Analysis SA1 https://leg.colorado.gov/sites/default/files/documents/2024A/bills/fn/2024a_sb0126_sen.pdf
Senate Finance Amendment L.009 https://s3-us-west-2.amazonaws.com/leg.colorado.gov/2024A/amendments/B916E34E011742DE87258AD7005D9E4E/SB126_L.009.pdf
Senate Finance Amendment L.008 https://s3-us-west-2.amazonaws.com/leg.colorado.gov/2024A/amendments/D36798D6C11C9F8887258AD6006AC43B/SB126_L.008.pdf
Senate Finance Amendment L.007 https://s3-us-west-2.amazonaws.com/leg.colorado.gov/2024A/amendments/9F2AF5B902AB131C87258AD6007CEB82/SB126_L.007.pdf
Fiscal Note FN2 https://leg.colorado.gov/sites/default/files/documents/2024A/bills/fn/2024a_sb126_r1.pdf
Senate Agriculture & Natural Resources Amendment L.004 https://s3-us-west-2.amazonaws.com/leg.colorado.gov/2024A/amendments/2059CBC2A1868EC587258ACA0065454D/SB126_L.004.pdf
Senate Agriculture & Natural Resources Amendment L.003 https://s3-us-west-2.amazonaws.com/leg.colorado.gov/2024A/amendments/42FCF17B7EACD6F487258ACB0052B053/SB126_L.003.pdf
Senate Agriculture & Natural Resources Amendment L.002 https://s3-us-west-2.amazonaws.com/leg.colorado.gov/2024A/amendments/AAA3EBC0C0FA62DE87258ACB00521FEB/SB126_L.002.pdf
Senate Agriculture & Natural Resources Amendment L.001 https://s3-us-west-2.amazonaws.com/leg.colorado.gov/2024A/amendments/0E7795423DD3723587258ACA0068D2D7/SB126_L.001.pdf
Senate Agriculture & Natural Resources Amendment L.006 https://s3-us-west-2.amazonaws.com/leg.colorado.gov/2024A/amendments/52ACB2033C0C67E987258ACB00811C4B/SB126_L.006.pdf
Fiscal Note FN1 https://leg.colorado.gov/sites/default/files/documents/2024A/bills/fn/2024a_sb126_00.pdf
BillText https://leg.colorado.gov/sites/default/files/documents/2024A/bills/2024a_126_01.pdf
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