The Enhanced Easement Incentive
Senate Votes to Extend the Conservation Tax Incentive
On December 16, the Senate voted to extend dozens of expired tax incentives through the end of 2014. This includes the enhanced deduction for conservation easement donations.
The incentive raises the deduction a landowner can take for donating a conservation easement from 30 percent of his or her income in any year to 50 percent. It allows qualifying farmers and ranchers to deduct up to 100 percent of their income. And it extends the carry-forward period for a donor to take tax deductions for a voluntary conservation agreement from five to 15 years.
It is important to note that the incentive only applies to easements donated between 2006 and Dec. 31, 2014. The Land Trust Alliance will continue to work to make this enhanced deduction permanent in the next Congress, but as it stands it will expire at the end of this year.
A Critical Conservation Tool with Broad, Bipartisan Support
The enhanced income tax deduction for conservation easement donations has helped America’s land trusts work with farmers, ranchers and other modest-income landowners to increase the pace of conservation by a third to over a million acres a year!
How the Incentive Works
Though Congress failed to make permanent the tax incentive, it has been extended through Dec. 31, 2014. Learn more »
For more information about the easement incentive, please contact Bryan David at 202-800-2223, or email email@example.com.