CO SB044

Prohibits the Department of Revenue executive director from contesting the validity or appraised value of conservation easement tax credits donated prior to January 1, 2014, unless the appraisal comes solely from an appraiser convicted of fraud or misrepresentation prior to July 1, 2016

Requires the executive director to cease contesting any previously denied conservation easement credit claims that would now be allowed under this provision

Directs the executive director to refund all tax, interest, and penalties paid by taxpayers on contested claims by January 1, 2017, treating refunded amounts as taxpayer overpayments with interest per Section 39-21-110

Takes effect 90 days after the legislature adjourns (August 10, 2016, if adjournment is May 11, 2016), or upon voter approval in November 2016 if a referendum petition is filed