What is a conservation easement deduction? A conservation easement, in its original, legitimate form, is granted when a landowner permanently protects pristine land from development. In that scenario, the public enjoys the benefit of undeveloped land and the taxpayer gets a charitable deduction.
Is conservation land taxed in Massachusetts? Energy & Environmental Affairs (EEA) is pleased to announce the availability of tax credits of up to $75,000 for a donation of conservation land. The Conservation Land Tax Credit program recognizes and rewards landowners who donate a real property interest either outright, or through a Conservation Restriction.
What is a qualified conservation contribution? A qualified conservation contribution is a contribution of a qualified real property interest to a qualified organization exclusively for certain conservation purposes.
What is a conservation easement in Alabama? Conservation easements offer private landowners flexibility in protecting their land. For example, a landowner can retain the right to grow crops on a parcel while, at the same time, relinquishing the right to build additional structures on the property.