Conservation Easement Incentive Act moves to the Senate

By Taylor on May 8, 2015 in Blog

At the end of last year, the enhanced deduction for conservation easement donations expired. To restore—and make permanent—this enhanced incentive, bipartisan legislation introduced the Conservation Easement Incentive Act to the U.S. House (H.R. 641) and the U.S. Senate (S. 330) in February this year.

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INHF Mark C. Ackelson Fellow Patrick Snell thanks Rep. David Loebsack for his support of the Conservation Easement Incentive Act.

The House has already voted to pass the incentive with all four of our U.S. representatives from Iowa in favor of the measure. This bipartisanship shows broad support for an act important to Iowa.

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Snell and other land trust alliance advocates pay a visit to Sen. Chuck Grassley‘s office in Washington, D.C.

Now the bill awaits action from the Senate. Here are the rules the act would reinstate and make permanent:

  • 50 percent: Deduction from income for landowners who donate a conservation easement (up from 30 percent)
  • 100 percent: Maximum deduction from income for qualifying farmers and ranchers
  • 15 years: Carry-forward period for deductions by donors with a voluntary conservation agreement (up from five years)

Contact our Iowa senators and encourage them to support S. 330, and check out these talking points.