Community Digest Forest Management » Mitigation tax incentive for private landowners

Mitigation tax incentive for private landowners

Posted on: March 7th, 2022
Date: 3/7/22 8:35 AM (GMT-07:00)
 
Subject: Mitigation tax incentive for private landowners
Hi All,

Wanted to pass on this info for you to share with your networks in case they are not aware of this tax incentive for fire mitigation work on their land.

Income 65: Wildfire Mitigation Measures Subtraction – https://tax.colorado.gov/sites/tax/files/Income65.pdf (according to Angela Boag, CO DNR) – homeowners can subtract 50% of costs (receipts required) of mitigation done in the WUI – see details on pdf. The total subtraction a taxpayer can claim per tax year is limited to $2,500- so not much, but better than nothing…

Thanks,

Maya

Maya MacHamer
Director

Boulder Watershed Collective
1740 Fourmile Canyon Dr.
Boulder, Co. 80302
(c) 303-817-2261
(o) 303-449-3333

boulderwatershedcollective.org

 

Pronouns: she, her, hers – why do pronouns matter?  

I recognize that the Boulder Creek watershed sits upon land within the territories of the Ute, Cheyenne, and Arapaho peoples. Further, I acknowledge that 48 contemporary tribal nations are tied to the lands that make up the state of Colorado.