Congress votes to make tax incentive permanent

lta logoIn a strong bipartisan action, the Senate voted to pass the bill that will make the tax incentive for conservation easement donations permanent. This legislation has been a priority for the Land Trust Alliance for a decade, and it represents a huge win for conservation, for landowners and for the land trust community. Once signed into law the incentive will be applied retroactively to start Jan. 1, 2015. Read more here.


Enhanced Easement Incentive

sunset_MG_4969_edited-1 (3)The enhanced easement incentive expired on Dec. 31, 2014. Unless Congress acts to extend or make permanent the incentive, starting on Jan. 1, 2015, conservation easements will remain deductible, but will be subject to the same caps as other non-cash contributions — 30 percent of AGI with a five-year carry forward. The Land Trust Alliance and its partners are committed to working to make the incentive permanent in the 114th Congress. Read more here.

Farm Bill

Farm BillThe 2014 Farm Bill, signed into law by President Obama on February 7, provides more than $1 billion for conservation, exceeding all other federal sources of conservation funding. This bill will keep working farms and ranches in family hands, helping to restore and maintain our ways of life.

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Easement Tax Incentives

Tax IncentiveThere are important developments occurring at the federal level regarding conservation
easement tax deductions.

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