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The American Jobs and Closing Tax Loopholes Act of 2010 bill was passed in the House of Representatives on May 28, 2010, and as of June 9, 2010 had been taken up by the Senate. The Act extends the special rule regarding contributions of capital gain real property for conservation purposes for one year for contributions made in taxable years beginning before January 1, 2011. Click here to read the section on Qualified conservation contributions. 2008 Farm Bill Tax provisions The Farm Bill (H.R. 2419) which Congress enacted on May 22, 2008 includes a powerful tax incentive which has helped conserve over a half a million acres of natural areas, farms, and ranches across the US. The incentive had expired January 1st, but is now retroactive to the beginning of the year and will last through 2009. The incentive, which applies to a landowner's federal income tax, will: Raise the deduction a donor can take for donating a voluntary conservation agreement from 30% of their income in any year to 50%; Allow farmers and ranchers to deduct up to 100% of their income; and Increase the number of years over which a donor can take deductions from 5 to 15 succeeding years. Here is an example of how these tax deductions can help. Here is the IRS code (Internal Revenue Bulletin: 2007-25 ) for the extended tax provisions.

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Introductory Articles	Transferring Wealth through Land Conservation Transferring Wealth through Land Conservation By Thomas L. Daniels, Professor, School of Design, University of PennsylvaniaThe United States is about to experience its largest-ever intergenerational transfer of wealth: more than $10 trillion are expected to change hands in the next 10 to 20 years. ... Contributions of capital gain real property for conservation purposes Powerful tax incentive which has helped conserve a million or more acres of natural areas, farms, and ranches across the US.The 2008 farm bill extends the tax deductions for contributions of real property for conservation purposes to 12/31/2009.The legislation increases an individual’s deduction from 30% to 50% of thei ... Save Money on Taxes and Protect Open Space Conservation Easement Income Tax Credits. Save Money on Taxes and Protect Open Space: Conservation Easement Income Tax Credits You can save thousands of dollars on your state income tax bill by participating in the state of Colorado’s unique conservation easement income tax credit program and help preserve Colorado’ ... Tools For Reducing High Property Taxes in Maine Tax Tools in Maine. By: Andrew A. Cadot, Esq.. Tools For Reducing High Property Taxes in Maine. Many owners of real estate in coastal Maine are facing dramatic increases in their property taxes as a result of municipal revaluations, especially those with shorefront or a water view. Some families ... TURNING CONSERVATION EASEMENT TAX CREDITS INTO CASH: WHAT SHOULD I EXPECT? TURNING CONSERVATION EASEMENT TAX CREDITS INTO CASH: WHAT SHOULD I EXPECT?. Once you have preserved your land with a conservation easement, you might be wondering exactly how you will turn the conservation easement income tax credits you received into cash. Below is a quick overview of how the tax cr ... Result Page: 1 2 3 4 5 6 7 8 9 10 11 12

Articles for Professionals	Federal Estate and Gift Tax Consequences of Donated Term Conservation Easements LAND TRUST ALLIANCE Exchange Summer 2000 25 Term conservation easements are conservation easements that are not perpetual, but, rather, restrict the property for a term of years. After the term has expired, the conservation easement restrictions terminate and no longer affect the land. Term conserva ... Farm & Ranch Estate Planning Rally 2002 Session 4K Farm & Ranch Estate Planning Jeremiah P. Cosgrove Ryland Howard. 2002 FARM CONSERVATION TAX UPDATE By Jerry Cosgrove, Attorney, American Farmland Trust Co-author, Your Land is Your Legacy: A Guide to Planning for the Future of Your Farm n September 1999, American Farmland Trust published a ... Appraisals and Valuation Appraisals and Valuations - HOW THE GIFT IS VALUED. By: Stephen J. Small, Esq.. For purposes of the tax rules, the "value" of a property is equal to what it would sell for if it were put to the most valuable economic use that is possible under the circumstances. In many cases (though not all) with land t ... Estate Tax Incentive For Landowners AN IMPORTANT ESTATE TAX INCENTIVE FOR LANDOWNERS. By: Stephen J. Small, Esq.. In 1997, for the first time in more than a decade, Congress added to the law significant new tax incentives for voluntary land protection by private landowners.Let’s start with a few important observations. Every single conservation ea ... Estate Planning Opportunities Low Interest Rates Offer Estate Planning Opportunities By. James A. Houle, Esq.. Many of us have used the current low interest rates to save money by refinancing our homes and businesses. But attractive rates can also offer even better opportunities to save on gift and estate taxes, which now apply to tra ... Result Page: 1 2 3 4 5 6 7 8 9

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