Preserve land and reduce your Colorado income tax. Colorado has a unique tax incentive program that allows the transfer of conservation easement tax credits from landowners who conserve their land to Colorado taxpayers. Qualifying tax credits can be sold to Colorado taxpayers who want to significantly reduce their state income tax liability. Landowners/sellers immediately receive cash, while buyers reduce their taxes. Both sellers and buyers help to protect and sustain Colorado’s open spaces, working farms and ranches, wildlife habitat, wetlands and scenic vistas. This natural heritage is an important part of the quality of life we all enjoy in Colorado.
Conservation Tax Credit Transfer provides expert comprehensive services for sellers and buyers. We provide transfer services for landowners/sellers who want to sell their tax credits and qualified buyers who want to purchase these credits. We thoroughly review all of the easement donation documents and assist with the required tax credit application process through the Division of Conservation. Once tax credit certificates are issued, we match the credits with qualified credit buyers. Both sellers and buyers execute Conservation Tax Credit Transfer’s Agreement to Purchase/Sell and a written transfer notice. Transfers are completed by delivering signed copies of the agreements and funds from the buyers to the sellers.
Conservation Tax Credit Transfer takes the guesswork out of the required tax filing paperwork. After the credits are sold we provide the required paperwork documenting the completed transaction for both sellers and buyers to file with their Colorado and federal state income tax returns. This includes assisting with the Department of Revenue forms. We also assist sellers with IRS Form 8283 and related supplemental statement and attachments for the federal income tax return.