On July 17, 2014 the US House of Representatives passed the “America Gives More Act” (HR 4719) which includes the “Conservation Easement Incentive Act” (HR 2807), providing permanent tax deductions for conservation easements.
The Conservation Easement Incentive Act needs your support to pass in the Senate.
With the Conservation Easement Incentive Act:
o the maximum deduction a donor can take for donating a conservation easement will rise from 30% of their adjusted gross income (AGI) to 50%
o qualified farmers and ranchers will be able deduct up to 100% of their AGI
Without the Conservation Easement Incentive Act:
o fewer people will pursue conservation easement protection
o precious open space will be lost
Did you know.. Federal land acquisition costs taxpayers roughly $12,000 an acre compared to just $400 an acre for privately-held easements. — Land Trust Alliance