HB 26-1230

House Bill 26-1230 extends a tax credit for conservation easements, which allows people who donate land or development rights to be preserved as open space to claim this credit on their state income taxes until 2036. This bill benefits individuals and organizations that support environmental preservation by providing financial incentives through tax savings. Since the status is "signed," the bill has been approved by both houses of the legislature and signed into law by the governor, meaning it is now in effect.

Official Summary

Under current law, the conservation easement tax credit (credit) may be claimed through state income tax year 2031. The bill amends the credit to allow taxpayers to claim the credit through state income tax year 2036.(Note: This summary applies to the reengrossed version of this bill as introduced in the second house.)

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