[REDLINE]
DEPARTMENT OF REGULATORY AGENCIES
DIVISION OF REAL ESTATE
CONSERVATION EASEMENTS
4 CCR 725-4

CHAPTER 3: CONSERVATION EASEMENT DONATIONS MADE ON OR AFTER JANUARY 1, 2011, BUT PRIOR TO JANUARY 1, 2014
3.8.	A claim for a tax credit certificate is ineligible to receive a tax credit certificate and will not be applied towards the limit for the applicable year if it is based on a conservation easement donation where:
A.	The appraiser who conducted the appraisal submitted with the application does not hold a valid active license as a certified general appraiser OR FAILS TO MEET ALL OF THE EDUCATION AND EXPERIENCE REQUIREMENTS ESTABLISHED IN ACCORDANCE WITH SECTION 12-61-704(1)(k), C.R.S. as of the effective date of value in the appraisal report or the certified general appraiser has a practice restriction prohibiting that appraiser from conducting an appraisal for a conservation easement; or
B.	The conservation easement holder is not certified by the Division at the time of the donation.