Step 6: Colorado Conservation Tax Credit Sale
Upon completion of the DORA review process, landowners will be issued a certificate for CO State Tax Credits. A landowner can then either sell these Colorado Conservation Tax Credits earned in compensation for the Conservation Easement donation, or apply the tax credits to his or her state income tax liability.
Further, the landowner may wish to include the donation of the conservation easement as a other federal income tax deduction.
LPOSC recommends that a landowner consult with a tax advisor to ensure these incentives are fully recognized.