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Legislative Alert: Charitable Conservation Easement Program Integrity Act
June 12, 2019,by ELCR
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Are you a land trust, a land owner or just in favor of conserving open space and agricultural land for the future? A new bill, the Charitable Conservation Easement Program Integrity Act (S. 170 / H.R. 1992), needs your help to pass. It will address the abuse of conservation easement investment syndications that are vastly inflating the value of these easements to harvest huge tax deductions. Though the vast number of transactions are truly charitable, if these ‘bad actors’ are allowed to continue and the bill doesn’t pass, Congress could reduce or eliminate federal tax incentives for conservation easement donations. That includes equine properties!
Here is a link to information from the Land Trust Alliance, along with guidance for contacting your senators/representatives to ask them to support this much needed legislation. You can also click the following links to access a fact sheet and talking points provided by Land Trust Alliance.