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Update December 14, 2007:
Senate Passes Tax Incentive
On December 14th, the Senate passed a Farm Bill
that includes a provision making the new tax incentive for conservation
donations permanent. This is a great step forward in our campaign
for the new incentive!
This is not the end of the process. A final bill
will require a House-Senate conference in January. If the conference
approves the Senate provision, it will be made retroactive to January
1 of 2008.
For the latest updates on the new tax incentive,
go to www.lta.org/publicpolicy
Sign
up to be a Land Trust ADVOCATE
The 2006 tax incentives:
• Raise the deduction a landowner can
take for donating a conservation easement from 30% of their income
in any year to 50%;
• Allow qualifying farmers and ranchers to deduct up to
100% of their income; and
• Increase the number of years over which a donor can take
those deductions from 6 years to 16 years.
Past Updates
Policy
Update - September 27, 2007
Policy Update - July 19, 2007
Policy Update - March 14, 2007
Policy Update - January 31,
2007
Policy Update - August 17,
2006
Policy Update - May 10,
2006
Policy Update - November
22, 2005
Policy Update - November
18, 2005
Policy Update - November
4, 2005
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