Code of Colorado Regulations
700 - Department of Regulatory Agencies
752 - Division of Conservation
4 CCR 752-1 - CONSERVATION EASEMENTS
Chapter 3 - CONSERVATION EASEMENT DONATIONS MADE ON OR AFTER MAY 29, 2018
Current through Register Vol. 47, No. 5, March 10, 2024
Statement of Basis and Purpose
Pursuant to section 12-15-104(7), the Division shall promulgate rules to effectuate the duties of the commission pursuant to article 4 of title 24. Such rules shall specifically address the following:
(d) The adoption of best practices, processes, and procedures used by other entities that regularly review conservation easement transactions, including a practice, process, or procedure deeming qualified conservation easement appraisals approved by these entities based on their independent reviews as credible for purposes of the conservation easement tax credit.
If another entity that regularly reviews conservation easement transactions has approved a qualified appraisal with a report date on or after May 29, 2018 for use by the other entity, the Director shall deem the appraisal as credible for purposes of the conservation easement tax credit if all of the following conditions are satisfied: