Introduced
by
To authorize a single business tax credit of up to $100,000 for the unconditional donation of land to the state or to a nonprofit organization for conservation purposes. The credit would apply to up to 50 percent of the value of the donated land. The Department of Natural Resources would be required to develop criteria for determining whether particular parcels qualify for the credit, based on certain natural features present on the land. The tax credit would not be refundable, but any unused portion could be carried forward into future tax years for up to 20 years. The tax credit would also be transferable.
Referred to the Committee on Finance
