This tax credit is meant to encourage the practice of qualified stewardship practices on a farm or ranch, including any practice that:
- increases soil health,
- improves water efficiency, or
- creates more diverse and beneficial ecosystems while maintaining the productivity of the farm or ranch.
This tax credit was created through HB24-1249. CDA and Department of Revenue (DOR) will manage the tax credit program.
The Ag Stewardship Tax Credit:
- Is based on practices implemented on farms or ranches
- Is refundable (producers can get a tax rebate if they do not owe taxes)
- Cannot overlap with existing grants or tax credits (it cannot be applied to the same practice on the same acreage as another grant)
Timeline
This estimated timeline is for information and planning purposes only and may be subject to change depending on the needs of the State.
- Fall 2024: Early Stakeholder Engagement
- Winter 2024/25: Targeted Outreach and Rule drafting [we are here]
- Spring/Summer 2025: Formal Rulemaking process, including public comment period
- Summer 2025: Staff onboarded
- 2026: First year the tax credit is available
Tell us what you think
Fill out a brief survey here to share your ideas on how the tax credit should be designed
Upcoming Outreach Events
Webinars
- January 9th, 10am - 11:30am, Register for the Webinar
- January 22nd, 5pm - 6:30pm, Register for the Webinar
Conferences
- Colorado Farm Show, Greeley, January 28th
- High Plains No-Till Conference, Burlington, February 4th-5th
Program contact
Please reach out to us via email at cda_agtaxstewardship@state.co.us
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