Selling Colorado Conservation Tax Credits

(printable pdf Version)

Many landowners do not have enough Colorado income tax liability to use all of their conservation tax credits generated by easement donations. Fortunately, these credits are transferable and may be sold at a discounted rate to other Colorado tax payers for cash. Landowners who wish to sell their credits are encouraged to register with tax brokers as early as possible, as the credits are usually sold on a first-come, first-sold basis. Following is a list of organizations that broker the sale of conservation tax credits. The rates vary by broker and closing date, but landowners can generally expect to receive about 80% of the value of their credit through a sale. Tax credit brokers may require the following documents in order to match your credit with a buyer:

1) Recorded copy of the Deed of Conservation Easement

2) Complete qualified Conservation Easement Appraisal dated no more than 60 days before easement closing

3) Mineral Assessment of the property if you do not own all of the minerals

4) Current Title Commitment or Title Insurance Policy

5) Baseline Inventory (Present Conditions Report)

6) State and Federal tax forms

We recommend you call the broker to confirm their individual requirements and their deadline for turning in your completed documents.

Conservation Resource Center Mike Strugar 820 Pearl Street, Suite F Boulder, CO 80302 303-544-1044 Fax: 303-544-1043 mike@taxcreditexchange.com Tax Credit Connection, LLC          2919 W 17th Ave, Suite 201 Longmont, CO 80503 303-774-8127 Fax: 303-682-3275 ariel@taxcreditconnection.com

Conservation Tax Credit Transfer, LLC Carl Spina PO Box 249 Masonville, CO 80541 970-612-0697 Fax: 970-612-0698 carl@taxtransfer.net Colorado Conservation Connection Marty Zeller 1410 Grant Street, Suite C-306 Denver, CO 80203 303-831-7498 Fax: 303-831-9379 conpartner@aol.com