A copy of the update sent to us from the Land Trust Alliance. Unfortunately, it is not good news.
As its final act before adjourning for the holidays, the Senate voted Tuesday night to extend dozens of expired tax incentives through the end of 2014. This includes the enhanced deduction for conservation easement donations. The president is expected to sign the bill.
The incentive has three components:
- raising the deduction a landowner can take for donating a conservation easement from 30 percent of his or her income in any year to 50 percent;
- allowing qualifying farmers and ranchers to deduct up to 100 percent of their income;
- extending the carry-forward period for a donor to take tax deductions for a voluntary conservation agreement from five to 15 years.
It is important to note that the incentive only applies to easements donated as early as 2006 and as late as Dec. 31, 2014. The Land Trust Alliance will continue to work to make this enhanced deduction permanent, but as it stands it will expire at the end of this year.
While we did not achieve permanence in this Congress, we have much to be proud of, and we are better positioned to make our incentive permanent in the 114th Congress. With your help and support we built powerful coalitions of charities and conservation organizations, and we saw members of the land trust community take up this cause on Capitol Hill. Most important, we made ourselves heard on Capitol Hill — and we have many friends and allies on both sides of the aisle.
Land Trust Alliance
Antioch College Miller Fellows Mitch Goth and Lauren Gjessing did a variety of tasks during their recent co-op with us including making a video for the Land Trust Alliance. Some snippets were used in this little thank you. And we are thankful for our Miller Fellows!
You never know what interesting thing will happen next at TLT. Click on each photo to see what has been happening lately...
Who we are
Tecumseh Land Trust is a nonprofit conservation organization serving Greene and Clark Counties of Ohio and surrounding areas. The purpose of Tecumseh Land Trust is to preserve agricultural land, natural areas, water resources, and historic sites, in voluntary cooperation More...
Tecumseh Land Trust has preserved over 24,000 acres in Clark and Greene counties and surrounding areas. Included in the mix is a vibrant array of large and small farms, natural areas, and stream corridors. The work of this organization has helped to protect the regions More...
Tecumseh Land Trust was the first land trust in Ohio to become accredited. To find out more information about preserving land, accreditation, FRPP, AEPP, land trusts, and the easement process, Click here.