In a 65-33 bipartisan US Senate vote that followed passage by the House of Representives, Congress passed a bill on Friday, December 18 that makes the tax incentive for conservation easement donations permanent. The tax incentive encourages land preservation by offering a tax off-set to the donor’s income taxes over an extended period. Passage is billed as a win for conservation, land trusts and land owners.
For more information on how to use the tax incentive to preserve land contact any attorney in Cramer & Anderson’s real estate department.
