Tax Benefits and Credits
Numerous benefits are available to landowners who make gifts of land or a conservation easement to Legacy Land Trust. The first of these is the satisfaction that comes from preserving special open spaces. Whether a farm, ranch or forest, wetlands or uplands, these lands will continue to support myriad rare plants and wild animals, and will be enjoyed by people for years to come. Aside from this conservation benefit, there may be financial incentives available to the landowner in the form of tax deductions and credits. The following is a general listing of potential tax benefits. All landowners considering a land conservation donation should consult a tax attorney or accountant for more complete information.

Federal Tax Benefits and Colorado State Tax Credits
Due to changes in legislation this section is being updated. Please check in again later or visit the Department of Revenue’s website.

See the Colorado Department of Revenue’s FYI #39
for up-to-date information on the Colorado State Income Tax Credit for the donation of a conservation easement. This document can be downloaded in PDF format from www.revenue.state.co.us.