Legislation News: Tax Incentive made Permanent
In a strong bipartisan action, the Senate voted 65-33 to pass the bill that will make the tax incentive for conservation easement donations permanent. This follows A 318-109 vote in the House OF Representatives. This legislation has been a priority for the Land Trust Alliance and Edward L Rose Conservancy for a decade, and it represents a huge win for conservation, for landowners and for the land trust community. Once signed into law the incentive will be applied retroactively to start Jan. 1, 2015.
The vote also reauthorized the Land and Water Conservation Fund for three years and increased its funding from $306 million last year to $450 million this year.
This legislation is a great incentive for land owners who want to preserve their land into the future through a Conservation Easement.