CO SB206

Establishes a new tax credit structure for conservation easements donated on or after January 1, 2015, to governmental entities or charitable organizations.

For easements donated on or after January 1, 2015, provides 75 percent credit on the first $100,000 of fair market value and 50 percent credit on amounts exceeding $100,000, with a maximum credit of $1.5 million per donation.

Maintains the previous credit structure of 50 percent of fair market value with a $375,000 maximum for easements donated between January 1, 2007 and December 31, 2014.

Appropriates $5,300 to the Department of Revenue for the 2015-16 fiscal year for CITA annual maintenance and support to implement the new requirements.

Declares the act necessary for immediate preservation of the public peace, health, and safety.