| SUBSCRIBE | | Why we charge |
|
|
|
Front Page
news state
Monday, June 23, 2008
Land Conservation Tax Credit Program Updated
Associated Press
SANTA FE — The state has increased the amount of money that can be credited to landowners to help preserve open space, habitat for wildlife, watersheds, agricultural land and historic places.
The state Energy, Minerals and Natural Resources Department says the Land Conservation Incentives Act has been amended to increase the maximum conservation tax credit to $250,000, up from $100,000. The amendments also make the tax credit transferrable for donations made as of this year.
The law offers tax credits to individual landowners who donate land or conservation easements to qualified land trusts or government agencies.
The amendments to the law went into effect last week.
Copyright ©2008 Associated Press. All rights reserved. This material may not be published, broadcast, rewritten, or redistributed.
E-mail Story
Print Friendly
