New Senate tax incentives for land owners

By: Amos S. Eno
Posted on:09/28/2007 Updated:06/22/2010

There is a real chance that by the end of this calendar year, December, 2007, Congress will finally recognize the stewardship contributions of private landowners and will provide real financial rewards ($$) and incentives for conservation on private land.

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re: New Senate tax incentives for land owners
By: Rapid Share on: 06/01/2010

In fact, the conservation break is so generous that it produces a bizarre and seemingly backwards incentive: Donors who keep a piece of land while giving the development rights to a conservation group can sometimes get a bigger tax benefit than if they'd given the land outright to the same group. That's because, if a landowner gives his property away, the normal tax rules apply, meaning he can use the charitable deduction to wipe out only 30% of his adjusted gross and can carry any unused deduction forward for only five (5) years.

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About the Author

Amos Eno is the president of the Land Conservation Assistance Network. This blog will help you understand why we do what we do and inform you of the current happenings in our focus area.