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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