Introduced
by
To authorize an income tax credit of up to $10,000 for the donation of land or a conservation restriction (easement), 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. These would include preserving open space, natural resources, biodiversity, conservation, outdoor recreation, farmland, forestland, historic preservation, and land conservation; and protecting a unique natural resource, wildlife habitat, open space, agricultural or forested resource, or historic resource.
Referred to the Committee on Finance
