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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	Estate Tax Update Estate Tax Update. Recent changes to the estate tax may have left some taxpayers unclear on their likely estate tax obligations. Both the annual life time exemption and the applicable tax rate have been the subject of recent changes.Under legislation passed in 2001, the U.S. estate tax exemption level has b ... Tax Benefits of Donating Conservation Land Tax Benefits of Donating Conservation Land. By:Robert Levin. There are several kinds of tax benefits available to donors of land or. conservation easements. This article attempts to summarize these benefits and provide some. examples of how they work. ... How a conservation easement works How a conservation easement works. A simple example illustrates how a conservation easement works in practice. Let’s assume a rancher in Montana owns a tract of land that serves as a wildlife corridor for elk and other animals moving from summer to winter feeding grounds. Pressure from buyers building vacatio ... Estate Planning Saves Money Estate Planning Saves Money. With the changes in estate tax laws promulgated by Congress in 2001, legislators have created the ultimate concept in estate planning. Under these rules, the estate of a taxpayer who dies in 2010 is completely exempt from tax (although a gift tax may be due, the estate tax i ... Easements: A Tool for Family and Business Planning Conservation Easements: A Tool for Family and Business Planning that Preserves Your Land. The unprecedented rise in real estate values in many parts of the country has produced new wealth but also new difficulties for landowners who want to pass cherished property to their heirs. This year, the federal estate tax ... Result Page: 1 2 3 4 5 6 7 8 9 10 11 12

Articles for Professionals	Post-Mortem Donation of Conservation Easements You’re Not Too Late: The Post-Mortem Donation of Conservation Easements. By. Robert Levin. Attorney at Law The following is an adapted version of an article that appeared in Tax Notes Today in October 30, 2000. Robert H. Levin is a practicing Maine attorney who specializes in land conservation. He works with land t ... Proper and Improper Deductions for Conservation Easement Donations Proper and Improper Deductions for Conservation Easement Donations, Including Developer Donations. By: Stephen J. Small, Esq.. The rotten apple injures its neighbors, so Chaucer once said. In this comprehensive article, Boston attorney Stephen J. Small notes that a small number of "bad" conservation e ... Changes to Colorado's Conservation Income Tax Credit Law Changes to Colorado's Conservation Income Tax Credit Law By. Jessica E. Jay, Esq.. On January 1, 2003, the amount of state income tax credit available for Colorado taxpayers donating perpetual conservation easements on their Colorado properties increased from $100,000 to $260,000. House Bill (H.B. 01-1090 e ... Combining Land Conservation & Planned Giving Techniques Rally 2002 The Basics of Combining Land Conservation & Planned Giving Techniques Myra Lenburg Norman E. RogersRally 2002 Note: Though this paper focuses on farmland, the same planned giving and conservation strategies can be used for protecting other threatened lands. Protect Your Farm for the future …Plan fo ... Increasing the Tax Incentives for Conservation Easement Donations MCLAUGHLIN(6.21.04) 7/5/2004 8:32 AM 1 Increasing the Tax Incentives for Conservation Easement Donations —A Responsible Approach Nancy A. McLaughlin* The use of tax incentives to encourage private landowners to donate conservation easements has become increasingly popular as policy makers search for ... Result Page: 1 2 3 4 5 6 7 8 9

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