An income tax credit is available for tax years beginning on or after January 1, 2000, for the donation of a perpetual conservation easement in gross on real property located in Colorado. The credit is based on the fair market value (FMV) of the easement. [§39-22-522, C.R.S.] The donation must be made to a governmental entity or a charitable organization that is exempt under section 501(c) (3) of the Internal Revenue Code of 1954, as amended, and that was created at least two years prior to receipt of the easement. [§38-30.5-104(2), C.R.S.] The donation must also qualify as a charitable contribution for federal income tax purposes [Internal Revenue Code section 170(h)].