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Conservation Easement Credit Limits
Guidance to clarify the limits on the issuance of conservation easement tax credit certificates has been finalized. The Division does not have the authority to issue tax credit certificates for calendar years after 2031. The guidance is responsive to the sunset of the conservation easement tax credit established in SB24-126. The Division encourages landowners, certified holder organizations, and conservation professionals to plan accordingly. The guidance is also available from the Department of Revenue.
Welcome to the Division of Conservation
DORA’s Division of Conservation was created in 2018 to protect the public by ensuring the integrity of state income tax credits for donated conservation easements. The Division certifies organizations that hold donated conservation easements, determines the credibility of appraisals that value donated conservation easements, and assesses the conservation values protected by donated conservation easements.
Tax Credit Cap Tracker
Tax Year | Annual Cap | Reserved | Issued |
|---|---|---|---|
2030 | $50,000,000 | $1,953,663 | $1,500,000 |
2029 | $50,000,000 | $11,698,380 | $6,374,250 |
2028 | $50,000,000 | $38,180,025 | $21,933,795 |
2027 | $50,000,000 | $50,000,000 | $50,000,000 |
2026 | $50,000,000 | $50,000,000 | $50,000,000 |
2025 | $50,000,000 | $50,000,000 | $50,000,000 |
2024 | $45,000,000 | $45,000,000 | $45,000,000 |
2023 | $45,000,000 | $45,000,000 | $45,000,000 |
2022 | $45,000,000 | $45,000,000 | $45,000,000 |
2021 | $45,000,000 | $45,000,000 | $45,000,000 |
2020 | $45,000,000 | $31,950,787 | $31,950,787 |
2019 | $45,000,000 | $18,645,304 | $18,645,304 |
2018 | $45,000,000 | $23,328,303 | $23,281,053 |
2017 | $45,000,000 | $18,776,436 | $18,797,835 |
2016 | $45,000,000 | $14,171,079 | $13,514,825 |
2015 | $45,000,000 | $21,301,774 | $20,497,209 |
2014 | $45,000,000 | $12,074,402 | $11,859,014 |
2013 | $34,000,000 | N/A | $28,240,269 |
2012 | $22,000,000 | N/A | $22,000,000 |
2011 | $22,000,000 | N/A | $22,000,000 |
Tax Year - Same as the calendar year.
Annual Cap - Tax credits are issued subject to an annual cap of $45 million for 2014 to 2024, and $50 million for 2025 to 2031 pursuant to Section 39-22-522(2.5), C.R.S.
Reserved - The total amount of tax credits that have been requested by applicants. Tax credits are reserved in the order that applications are received pursuant to Section 12-15-105(2), C.R.S. Credits in excess of $1.5 million are reserved in increments of up to $1.5 million per year in future years pursuant to Section 39-22-522(4)(a)(II.5), C.R.S.
Issued - The total amount of tax credits that have been issued pursuant to section 39-22-522(2.5), C.R.S.