Penry wants to keep tax credit for easements
The state Senate’s leading Republican said Friday he plans to oppose a proposal from his House counterpart to eliminate the state’s conservation easement tax credit.
Senate Minority Leader Josh Penry, R-Grand Junction, said opposing House Minority Leader Mike May’s ballot measure to end the tax credit and direct the savings to roads in a “no brainer.”
May, R-Parker, and Sen. Ted Harvey, R-Highlands Ranch, announced Thursday they want to run a ballot measure this year as an alternative to a Democratically backed plan to raise auto fees to fund the transportation network.
“I don’t think we should balance our books on the backs of seniors or land conservation,” Penry said.
The easement tax credit allows a landowner who agrees not to develop a parcel of land to receive a tax credit worth half of the land’s assessed value up to $375,000.