22d ‎(2)‎

• Board Meeting Date: 11/18/2007
• Description: CF Section – Proposed Statute Revisions/Legislation within the 2008 Projects Bill - Funding for Instream Flow Water Right Acquisitions
• Board Meetings - Doc Type: Memo

i
Second Regular Session DRAFT
Sixty-sixth General Assembly 10.30.07
• STATE OF COLORADO
DRAFT
LLS NO. 08-019!.01 Esther van Mourik HOUSE BILL
HOUSE SPONSORSHIP
Curry,
SENATE SPONSORSHIP
(None),
• SHORT TITLE: "Incentives For Donation Of Water Rights"
DEADLINES: Finalize by: 01/08/2008 File by: 01/14/2008
A BILL FOR AN ACT
101 CONCERNING THE ESTABLISHMENT OF AN INCENTIVE FOR THE
102 DONATION OF WATER RIGHTS TO THE COLORADO WATER
103 CONSERVATION BOARD FOR USE AS INSTREAM FLOW RIGHTS.
Bill Summary
(Note: This summary applies to this bill as introduced and does
not necessarily reflect any amendments that may be subsequently
adopted.)
For income tax years commencing on or after January 1, 2008,
establishes an instream flow incentive tax credit. Specifies that the
Colorado 'water conservation board will allocate the credits by issuing
credit certificates to owners of water rights who donate that water right
to the board for use as instream flow rights. Specifies the maximum
. value of the credit and establishes that the value of the water right must
Capital letters indicate new material to be added to existing statute.
Dashes through the N•ords indicate deletions from existing statute.