Extend Conservation Easement Tax Credit

Extended the deadline for claiming the conservation easement tax credit to income tax years commencing on or after January 1, 2036.

Mandated that the Division of Conservation must prioritize tax credit applications based on the order they are received.

Clarified that no new credit certificates can be issued for donations made before the bill's effective date, though existing certificates may still be issued within the new funding limits.

Established specific annual funding limits for the credit program, ranging from $22 million in 2011-2012 to $50 million annually from 2025 through 2036.

Added new Senate co-sponsors: Cutter, Daugherty, Exum, Jodeh, Kipp, and Pelton B.

Updated the document header to indicate the bill is 'REREVISED' and includes amendments adopted in the Second House, with a specific date of May 11, 2026, for the 3rd Reading Unamended.

Introduced a new section (starting at line 1) establishing a tax credit for taxpayers who donate perpetual conservation easements to governmental or charitable entities, subject to federal IRS rules.

Added a requirement for taxpayers claiming the conservation easement credit to submit a specific claim to the division of conservation in the department of regulatory agencies.

Updated the bill header to reflect that it is a 'Revised' version including amendments adopted on second reading in the second house, replacing the 'Reengrossed' designation.

Adjusted the bill summary note to clarify that the summary applies to the reengrossed version once it passes third reading in the house of introduction.

The bill status header was changed from 'Engrossed' to 'Reengrossed' to accurately reflect that amendments have been incorporated.

A specific date (May 5, 2026) and a note indicating the bill is '3rd Reading Unamended' were inserted into the header section.

Several new co-sponsors (Barron, Boesenecker, Brown, Carter, Clifford, English, Flanell, Froelich, Hamrick, Johnson, Joseph, Lieder, Lindsay, McCluskie, Phillips, Ricks, Rydin, Sirota, Slaugh, Smith, Story, Weinberg, Woog) were added to the House sponsorship list.

The deadline for claiming the conservation easement tax credit was extended from the 2031 tax year to the 2036 tax year.

A new subsection (14.3) was added to the statute, likely introducing new procedural or substantive requirements, though the specific content of this addition is not visible in the provided text.

A new legislative finding (subsection 14.5) was added to formally declare the state's historical achievements in land conservation and its long-term investment in the program.