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Congress Extends Tax Break for Land-Conservation Gifts

May 23, 2008 | Chronicle of Philanthropy

By Elizabeth Schwinn

Nonprofit organizations have won an extension of a generous tax incentive for donations of land or historically important property under a law approved by Congress Thursday.

A two-year extension of the so-called conservation easement deduction was included in a bill to protect farmers, which became law Thursday over President Bush’s veto.

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