In a strong bipartisan action, the Senate voted 65-33 today to pass the bill that will make the tax incentive for conservation easement donations permanent. This follows yesterday’s 318-109 vote in the House. 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.
Today’s vote also reauthorized the Land and Water Conservation Fund for three years and increased its funding from $306 million last year to $450 million this year.
Thank you to all who reached out to legislators to educate them about both the importance of this incentive and the critical role that land trusts play in communities across the country. And thank you to all those on Capitol Hill who are champions of conservation and this legislation.
The success of this initiative — and all of the programs the Land Trust Alliance delivers — are made possible by the generous support of our many partners, funders and donors.
Today is a great day for conservation!