2011 Colorado legislation: HB 11-1300 — Conservation Easement Tax Credit Dispute Resolution

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From The Pueblo Chieftain (Patrick Malone):

Under HB1300, easement donors whose claims are being disputed by the Colorado Department of Revenue could forego hearings before the Department of Revenue and take their cases straight to court in a jurisdiction close to home. The bill includes a provision that would remove the surety bond requirement that is presently necessary to take a conservation easement case to court. The prohibitive sum of those bonds has been a barrier to challenging easements in dispute for some landowners in the past…

One aim of HB1300 would be resolution of easement challenges that are pending. To that end, it calls for suspending interest and penalties against donors who willingly participate in resolution of their cases through district court. The bill’s primary sponsors are Rep. Marsha Looper, R-Calhan, and Sens. Kevin Grantham, R-Canon City, and Jeanne Nicholson, D-Black Hawk. Its first hearing will be in the House Committee on Finance.

More 2011 Colorado legislation coverage here.

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