2011 Colorado legislation: SB 11-050 (Value Of Condemned Conservation Easement)

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From The Pueblo Chieftain (Patrick Malone):

On Monday, a bill that aimed to compel fair-market values for easements was retooled, and now calls for a task force to study the issue in the months between legislative sessions. Hundreds of conservation easements ceded to the state for tax credits are being challenged by the Colorado Department of Revenue on grounds that appraisers overvalued the parcels…

The 12-member interim task force that SB50 proposes would be appointed by Senate President Brandon Shaffer, D-Longmont, and House Speaker Frank McNulty, R-Highlands Ranch. It would include two landowners who have placed easements on their property…

Sen. Kevin Grantham, R-Canon City, asked the bill’s sponsor, Sen. Ellen Roberts, R-Durango, whether the task force would be seated with respect to regional representation. Roberts said she hoped so, but that would be up to the Senate president and the House speaker. Legislative Council is studying the feasibility of the interim effort, and will report back to the Legislature.

More 2011 Colorado legislation coverage here. More conservation easements coverage here and here.

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