57-18 Exhibit - Urging State of New Jersey to Implement Charitable Trust in Lieu of Local Taxes Plan.pdf

State Title  of  Credit Description Amount  of  Credit Statute Colorado Credit  for  contributions   Monetary  or  in-­‐kind   25%  of  the  total  value  of  the   Colo.  Rev.  Stat.  Ann.  §  39-­‐ to  enterprise  zone   contribution  to  implement  the   contribution  as  certified  by  the  zone   30-­‐103.5 administrators economic  development  plan  for   administrator  up  to  $100,000  or  the   an  enterprise  zone  to  the   total  income  tax  due,  whichever  is   designated  enterprise  zone   less;  in-­‐kind  contributions  cannot   administrator  or  to  a  program  or   exceed  50%  of  the  total  credit   organization  certified  to  receive   claimed,  i.e.  the  credit  for  in-­‐kind   contributions  by  the  zone   contributions  is  no  more  than  12.5%   administrator;  no  certification  is   of  the  value  of  the  contribution  up   required  if  the  contribution  is   to  a  maximum  credit  of  $50,000;   less  than  $250 excess  credits  can  be  carried   forward  for  up  to  five  years Colorado Gross  conservation   Donations    of  all  or  part  of  the   75%  of  the  first  $100,000  of  the  fair   Colo.  Rev.  Stat.  Ann.  §  39-­‐ easement

Donations    of  all  or  part  of  the   75%  of  the  first  $100,000  of  the  fair   Colo.  Rev.  Stat.  Ann.  §  39-­‐ easement  credit value  of  a  perpetual   market  value  of  the  donated  portion   22-­‐522 conservation  easment  in  gross   of  the  conservation  easment  in   on  property  they  own  to  a   gross  when  created  and  50%  of  all   governmental  entity  or   amounts  of  the  donation  over   charitable  organization  created   $100,000,  up  to  a  credit  cap  of  $1.5   at  least  two  years  before  receipt   million  per  donation;  if  a  charitable   of  the  conservation  easment;   deduction  is  claimed  for  federal   the  donation  must  be  of  a   income  tax  purposes,  the  amound   perpetual  conservation  easment   deducted  from  federal  taxable   in  gross  on  real  property  located   income  must  be  added  back  to   in  Colorado  and  must  qualify  as   federal  taxable  income  to  determine   a  qualified  conservation   Colorado  taxable  income contribution Colorado Water  resource   Subject  to  available  funding,  the   The  amount  of  credit  is  determined   Colo.  Rev.  Stat.  Ann.  §  39-­‐ conservation  and   Colorado  Water  Conservation   by  the  Colorado  Water

 credit  is  determined   Colo.  Rev.  Stat.  Ann.  §  39-­‐ conservation  and   Colorado  Water  Conservation   by  the  Colorado  Water  Conservation   22-­‐533 development  (Not   Board  can  approve  an  instream   board  and  may  not  exceed  one-­‐half   available  as  of  Jan.  1,   flow  incentive  tax  credit  of   the  value  of  the  water  right   2015;  statute  is  repealed   water  rights  for  income  tax   proposed  to  be  donated;  the  Board   effective  Dec.  31,  2024) years  begining  Jan.  1,  2009  and   cannot  issue  a  credit  certificate  if   ending  before  Jan.  1,  2015;  the   the  aggregate  sum  of  credits   credit  is  only  for  permanent   approved  and  not  yet  eligible  to  be   transfers  of  water  rights  on  a   taken  exceeds  $2  million;  excess   finding  that  the  proposed   credit  cannot  be  carried  forward donation  will  preserve  the   environment;  the  credit  is  not   avaiable  for  a  water  right  that  is   for  irrigation  on  land  for  which  a   conservation  easement  tax   credit  is  claimed  unless  the   water  rights  is  specifically   excluded  from  the  terms  of  that   easement Colorado Repealed  July  1,  2010  -­‐-­‐   Before  the

excluded  from  the  terms  of  that   easement Colorado Repealed  July  1,  2010  -­‐-­‐   Before  the  repeal  -­‐-­‐  Monetary   25%  of  the  total  monetary   Colo.  Rev.  Stat.  Ann.  §  39-­‐ High  technology   contributions  to  the  Colorado   contributions  up  to  15%  of  the   22-­‐523 scholarship  program High  Technology  Scholarship   income  taxes  due  for  the  year  the   Program;  dontations  o  f  stocks   credit  was  claimed;  excess  credit   and  bonds  did  not  qualify could  not  be  carried  forward