TAX CREDITS

Recent actions by the state legislature have created a new promising option -- the Conservation Tax Credit. The legislation provides for a state tax credit of up to $100,000 for ranchers who donate conservation easements. Because few ranchers incur such a large tax debt, they may 'sell' their tax credit for cash (at a modest discount) to third parties who want to reduce tax liability and/or help preserve open space.

Local sources of further information on tax credits are:

The Palmer Foundation Land Trust
P.O. Box 1281
Colorado Springs, CO 80901
(719) 632-3236
www.palmerfoundation.org

-or-

Conservation Resource Center
2334 N. Broadway, Suite A
Boulder, Colorado 80304
(303)544-1044
email: leap111@aol.com