New Law Brings Greater Financial Benefit to Landowners, Helping to Protect More Land and Water

This morning, Governor Hickenlooper signed Colorado Senate Bill 206 into law, providing greater financial return to landowners who wish to protect their land and water with a conservation easement.


Hick sign photo

“This new law will benefit the preservation of working farms and ranches, water, wildlife habitat and the scenic beauty that defines Colorado”, said Ben Lenth, Executive Director of San Isabel Land Protection Trust. “A major barrier to protecting these resources has been financial. SB-206 helps conservation become more financially competitive with development. Until today, it’s been challenging to compete with what landowners would receive if they choose to sell their water to municipalities or industry or subdivide their land. The result has been the drying up of some of our most precious agricultural lands.”

SB-206 provides an additional $25,000 in tax credits to landowners that then could be sold for cash, or utilized for themselves. SB-206 also increases the overall tax credit cap limit from $375,000 to $1.5 million. These enhanced incentives will help offset transaction costs associated with donating a conservation easement, reduce time and effort to protect large acreage properties by eliminating the need to phase easement donations in order to maximize tax credit returns, and ultimately save more land and water, today.

With SB-206 signed into law, now is the perfect time to donate a conservation easement. For more information on how to protect your land and water contact San Isabel Land Protection Trust.

San Isabel Land Protection Trust is a nationally accredited 501(c)3 non-profit, non-political conservation organization working with landowners to protect their land and water in Custer, Fremont, Pueblo, and Huerfano Counties. To date, San Isabel has protected nearly 40,000 acres, 174 water rights, and approximately 61 miles of stream frontage with 128 conservation easements that permanently protect precious land, water, and wildlife.

Kristie Nackord

Posted in News

Email

Leave a comment