HB 10-1169: Conservation Easement Credit Validity

• Adds new paragraph (3.5)(c) to Colorado Revised Statutes section 39-22-522 to restrict executive director review of conservation easement tax credits claimed prior to January 1, 2008
• Executive director is prohibited from contesting the appraisal value, credit amount, or credit validity for pre-2008 easement donations unless the IRS disallowed the valuation by July 31, 2010
• Executive director may challenge a pre-2008 conservation easement credit only if the appraisal is solely from an appraiser convicted of fraud or misrepresentation prior to January 1, 2011, in connection with preparing the appraisal
• Designates the act as necessary for immediate preservation of public peace, health, and safety under the safety clause provision