CO HB1174

Restricts the executive director of the department of revenue from contesting appraisals and tax credits for perpetual conservation easements donated prior to January 1, 2008, for which final settlement has not been reached by July 1, 2016, unless clear and convincing evidence of overvaluation is confirmed in writing by the state attorney general or the valuation is supported solely by an appraisal from a convicted appraiser.

Eliminates surety bond or other deposit requirements in connection with administrative reviews or judicial appeals of conservation easement tax credits.

Specifies that additional interest and penalties shall not accrue prior to the executive director issuing a final determination or while the matter is on appeal.

Allows courts to exercise equitable jurisdiction to terminate conservation easements for which tax credits have been claimed in certain circumstances if the claim has been rejected.

Includes a safety clause declaring the act necessary for immediate preservation of public peace, health, and safety.