The latest newsletter from the Colorado Coalition of Land Trusts is hot off the presses

Saguache Creek
Saguache Creek

Click here to read the newsletter. Here’s an excerpt:

Colorado Department of Revenue Issues Emergency Ruling on Gross Conservation Easements

On Wednesday, July 15, 2015, the Department of Revenue issued an emergency rule which explicitly adds nonprofits as a category of qualified taxpayers:

“A nonprofit corporation, regardless of whether it has unrelated business taxable income, can claim a gross conservation easement credit for a conservation easement donation it makes to a qualified organization; except that a nonprofit corporation which has a state governmental entity as a shareholder cannot claim such a credit.”

Thank you to everyone in the community who submitted valuable comments and feedback to the Department of Revenue. This is a wonderful outcome for conservation in Colorado!

Read DOR’s emergency rule here.

More conservation easements coverage here and here.

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