HB18-1123
Conservation Easement Tax Credit Time Out
| Type | Bill |
|---|---|
| Session | 2018 Regular Session |
| Subjects |
Concerning measures to enforce a reduction in the abuse of conservation easements in the state, and, in connection therewith, placing a temporary moratorium on the ability of a taxpayer to claim a state income tax credit for the donation of an easement.
Bill Summary:
Current law allows a taxpayer to claim a state income tax credit for a portion of the value of a perpetual conservation easement that is granted by the taxpayer on real property located in the state. The bill places a 3-year moratorium on the ability of a taxpayer to claim the credit from January 1, 2019, through December 31, 2021.
(Note: This summary applies to this bill as introduced.)
Committees
Related Documents & Information
| Date | Version | Documents |
|---|---|---|
| 01/19/2018 | Introduced |
| Activity | Vote | Documents |
|---|---|---|
| Refer House Bill 18-1123 to the Committee on Finance. | The motion failed on a vote of 3-10. | Vote summary |
| Postpone House Bill 18-1123 indefinitely. | The motion passed on a vote of 9-4. | Vote summary |
| Date | Location | Action |
|---|---|---|
| 03/15/2018 | House | House Committee on Health, Insurance, & Environment Postpone Indefinitely |
| 01/19/2018 | House | Introduced In House - Assigned to Health, Insurance, & Environment + Appropriations |
Prime Sponsor
Sponsor
Co-Sponsor
(None)